Weak Residential HVAC Market Offsets Industrial Growth

Regal Beloit reported that continued strong performance by global generator and industrial businesses offset a weak residential HVAC market in the first quarter of 2008. Residential HVAC motor sales declined 3.3% and commercial motor products used in residential applications declined 16.9%.

“Continued strong performance by the global generator businesses and industrial businesses offset the weak residential HVAC market.”

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