Beloit company bucks economy with record 3rd quarter

By STEVE BENTON ( Contact ) Tuesday, Nov. 4, 2008

Podcast Episode

WCLO's Steve Benton reports Regal Beloit Corporation has a great third quarter

BELOIT — Regal Beloit Corporation pushed passed difficulties in the economy to record a strong third quarter.

Chairman and C.E.O., Henry Knueppel, says sales were up 38% over the same period last year. He says acquisitions in 2007 helped the bottom line.

Not all the news was positive however. Knueppel says operating expenses were up due to increased costs of raw materials. But overall, Knueppel says Regal Beloit Corporation will be able to pay shareholders for their loyalty. He says earnings per share will be between $.67 to $.75 for the fourth quarter.

Regal Beloit Corporation is a leading manufacturer and marketer of mechanical and electrical motion control and power generation products.

Before you post a comment, consider this:

Note: GazetteXtra.com does not condone or review every comment. Read more in our User Policy Agreement

Keep it clean. Comments that are obscene, vulgar or sexually oriented will be removed. Creative spelling of such terms or implied use of such language is banned, also.
Don't threaten to hurt or kill anyone.
Be nice. No racism, sexism or any other sort of -ism that degrades another person.
Harassing comments. If you are the subject of a harassing comment or personal attack by another user, do not respond in-kind. Hit the "Suggest Removal" button on offensive comments.
Share what you know. Give us your eyewitness accounts, background, observations and history.
Do not libel anyone. Libel is writing something false about someone that damages that person's reputation.
Ask questions. What more do you want to know about the story?
Stay focused. Keep on the story's topic.
Help us get it right. If you spot a factual error or misspelling, email newsroom@gazettextra.com or call 1-800-362-6712.
Remember, this is our site. We set the rules, and we reserve the right to remove any comments that we deem inappropriate.

Post Comment

Commenting requires registration.

News:

Opinion:

Blogs | Columns | Political Cartoons | Polls

Sports:

Multimedia:

Community:

Births | Couples | Obituaries | Death Notices

Blogs

Blog List | Latest Blog Entries

Services:

Copyright ©2007 Bliss Communications Inc. All rights reserved. Use of this material and this site are subject to the GazetteExtra Terms of Use and Privacy Policy. Content may not be published, broadcast, re-distributed or re-written.