Divestiture May 2017 Verified
Regal Beloit Divests Business Unit
Regal Beloit's Q1 2017 organic sales calculation includes a deduction for a business divestiture, indicating the company sold a business unit. The divestiture impacted sales by (0.6)% in the quarter.
“Organic Sales* of 0.7% – Foreign Currency Translation of (0.6%) – Business Divestiture of (0.6%)”
Entities
ElectricalHVAC Sentiment: Neutral
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.