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Regal Beloit switches to Mexico as pool, cooling demand climb

China 2778 Earnings 587 Industrials - Capital Goods 521 Mexico 789 Quote Watch 354 U.S. 4944

Regal Beloit reported revenue growth of 5.7% year over year in Q4’20, breaking a seven quarter streak of falling revenues, as demand for pool and air conditioning pumps climbed during the stay-at-home phase of the pandemic. U.S. seaborne imports linked to Regal Beloit surged 204% higher year over year in Q4’20, likely reflecting restocking as well as abnormally low imports a year earlier linked to tariffs on imports from China. The firm has shifted production to Mexico in response, which should also reduce the firm’s exposure to “higher expedited freight costs” identified as a headwind t...

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