Residential HVAC Demand Weakness

Regal Beloit reports continued softness in residential HVAC applications due to a mild winter, reduced federal tax incentives for high efficiency products, and increased industry sales of R22 systems.

“North American residential HVAC net sales, excluding net sales from the acquired businesses, decreased 16.1% in the fourth quarter 2011 compared to the fourth quarter 2010, due to a mild winter, the effects of reduced federal tax incentives for high efficiency products, and increased industry sales of R22 systems.”

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