Regal Rexnord reported second-quarter revenue of $1.56 billion, up 4.2% year over year but 1.1% below analyst expectations, making it the slowest grower among 13 engineered components and systems stocks tracked. The company beat EBITDA estimates but missed organic revenue forecasts, and its shares have fallen 19.4% since the report to $177.25. Enpro was the group's best performer with revenue of $338.8 million, up 17.6% and 4.7% above consensus, while Worthington was the weakest, missing revenue, EBITDA, and EPS estimates. Gates Industrial Corporation and Applied Industrial both beat revenue and EBITDA expectations, with Gates up 7.7% and Applied Industrial flat since reporting.
Regal Beloit CorporationRegal Rexnord missed revenue estimates, stock dropped 19.4%.
Applied Industrial Technologies
Gates Industrial Corporation plc
Enpro Industries
Worthington Industries Inc