Regal Beloit Reports HVAC Market Headwinds and R22 Conversion Impact

Regal Beloit experienced declining net sales in its HVAC business, primarily due to the adverse impact of the R22 dry ship conversion. North American residential HVAC motor net sales declined 11.9%.

“North American residential HVAC motor net sales declined 11.9%, primarily from the adverse impact of the R22 dry ship conversion.”

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.