Regal Beloit Sells Surplus Real Estate

Regal Beloit recorded a gain on the sale of surplus real estate from a closed facility during the first quarter of 2012.

“First quarter 2012 operating expenses included $25.2 million from the acquired businesses and an offsetting gain of $1.3 million on the sale of surplus real estate from a closed facility.”

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.