Baldor Motors (NYSE: BEZ) 2Q Earnings Rise 192%

Electric Motor company, Baldor (NYSE: BEZ), showed very strong 2Q earnings amidst an overall poor market performance, as of late.

The global maker of electric motors, drives and controls said second quarter net earnings were $22.767 million, up 192% compared to the 2009 period. The earnings came from total revenue of $439.491 million, up more than $54.81 million, or 14.2% compared to the second quarter of 2009.

Net earnings of 48 cents per share outpaced the consensus analyst estimates of 44 cents.

For those not familiar with Baldor Motors, they acquired Rockwell Automation subsidiaries Dodge and Reliance motors back in 2006 and make some of the most widely used AC and DC motors in the industry.

Read more about Baldor and its financial performance here.

Related posts:

1. ABB Completes Purchase Of Baldor Electric, Gains North American Foothold
2. Regulatory Approval Granted For ABB Acquisition Of Baldor Electric
3. Rockwell Automation to Release its Quarterly Report Tomorrow