PR Newswire
BELOIT, Wis., Sept. 20, 2021
BELOIT, Wis., Sept. 20, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC), a global leader in the engineering and manufacturing of power transmission solutions and high-efficiency electric motors and systems, published its 2021 Sustainability Report. The report reaffirms Regal's strategic commitment to making energy efficiency and sustainable manufacturing processes top considerations when developing all new or redesigned products. Investing in Regal's associates, leveraging the company's technology leadership to create products and solutions that customers value, adhering to 80/20 principals, and remaining guided by the Regal Values also remain strategic pillars.
This year's sustainability report also provides a clear articulation of Regal's corporate mission – to be the most compelling choice for our key stakeholders – for customers in the markets we serve, for current and prospective associates, and for our shareholders and investors considering Regal. Commenting on Regal's mission, CEO Louis Pinkham emphasized "We will measure progress towards our mission on clear, quantifiable metrics—with customers, based on market share gains and gross margin, with associates, on retention, engagement, and performance, and with our shareholders, on achieving top quartile TSR performance versus our peers."
"By executing our strategy to accomplish our mission, we aim to achieve something bigger than Regal itself – To create a better tomorrow by energy-efficiently converting power into motion. This is Regal's business purpose. I am proud to say that in addition to passionately serving our customers, and driving attractive returns for our shareholders, Regal associates can come to work each day knowing that they are playing a role in making our world cleaner, healthier, and more sustainable."
Other highlights from this year's report include:
The report and downloadable assets are available here.
About the Company
Regal Beloit Corporation (NYSE: RBC) is a global leader in the engineering and manufacturing of electric motors and controls, power generation and power transmission products serving customers throughout the world. We create a better tomorrow by developing and responsibly producing energy-efficient products and systems.
The Company is comprised of four operating segments: Commercial Systems, Industrial Systems, Climate Solutions and Power Transmission Solutions. Regal is headquartered in Beloit, Wisconsin and has manufacturing, sales and service facilities worldwide. For more information, visit RegalBeloit.com.
Cautionary Statement
Certain statements made in this communication are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. This report contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current estimates, expectations and projections about the Company's future results, performance, prospects and opportunities. Such forward-looking statements may include, among other things, statements about the Company's future operations, anticipated business levels, future earnings, planned activities, anticipated growth, market opportunities, strategies, competition and other expectations and estimates for future periods. Forward-looking statements may also include statements relating to the proposed acquisition of Rexnord Corporation's ("Rexnord") Process & Motion Control business (the "PMC Business") (the "Rexnord Transaction"), the benefits and synergies of the Rexnord Transaction, future opportunities for the Company, the PMC Business and the combined company, and any other statements regarding the Rexnord Transaction or the combined company. Forward-looking statements include statements that are not historical facts and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "plan," "may," "should," "will," "would," "project," "forecast," and similar expressions. These forward-looking statements are based upon information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause performance, prospects, or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Important factors that could cause actual results to differ materially from the results referred to in the forward-looking statements the Company makes in this report include:
Operations and Strategy
Global Footprint
Legal and Regulatory Environment
Mergers, Acquisitions and Divestitures
General
Shareholders, potential investors, and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this report are made only as of the date of this report, and the Company undertakes no obligation to update any forward-looking information contained in this report or with respect to the announcements described herein to reflect subsequent events or circumstances. Additional information regarding these and other risks and uncertainties is included in "Part I - Item 1A - Risk Factors" in our Annual Report on Form 10-K filed with the SEC on March 2, 2021 and from time to time in other filed reports. This report was completed in September 2021 and relies on the Company's fiscal year 2020 results with some references to actions and developments during 2021.
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SOURCE Regal Beloit Corporation
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