# EDGAR Filing Document

**Accession Number:** 0000082811
**File Stem:** 0000082811-26-000144
**Filing Date:** 2026-5
**Character Count:** 144826
**Document Hash:** 65129461075b832218672c48e105f16a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000082811-26-000144.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0000082811-26-000144

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 86

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REGAL REXNORD CORP
- **CENTRAL INDEX KEY:** 0000082811
- **STANDARD INDUSTRIAL CLASSIFICATION:** GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 390875718
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07283
- **FILM NUMBER:** 26952664

**BUSINESS ADDRESS:**
- **STREET 1:** 111 WEST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53203-2903
- **BUSINESS PHONE:** 6083648800

**MAIL ADDRESS:**
- **STREET 1:** 111 WEST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53203-2903

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** REGAL BELOIT CORP
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BELOIT TOOL CORP
- **DATE OF NAME CHANGE:** 19730522

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RECORD A PUNCH CORP
- **DATE OF NAME CHANGE:** 19690320

?xml version='1.0' encoding='ASCII'? rbc-20260331

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

 **FORM 10-Q**

☒ **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**for the quarterly period ended March 31, 2026 or** 

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**Commission file number 001-07283** 

**REGAL REXNORD CORPORATION** 

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **Wisconsin** | **39-0875718** |
| **(State or other jurisdiction of<br>incorporation)** | **(IRS Employer<br>Identification No.)** |

---

**111 West Michigan Street, Milwaukee, Wisconsin 53203** 

**(Address of principal executive offices)**

**(608) 364-8800** 

**Registrant's telephone number, including area code**

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

---

| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **<u>Trading Symbol</u>** | **<u>Name of each exchange on which registered</u>** |
| Common Stock | RRX | New York Stock Exchange |

---

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act:

---

| | | | |
|:---|:---|:---|:---|
| Large Accelerated Filer | ☒ | Accelerated Filer | ☐ |
| Non-accelerated filer | ☐ | Smaller Reporting Company | ☐ |
| | | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

On May 4, 2026 the registrant had outstanding 66,569,573 shares of common stock, $0.01 par value per share.

------

**REGAL REXNORD CORPORATION**

**INDEX**

---

| | | |
|:---|:---|:---|
| | | Page |
| **<u>[PART I — FINANCIAL INFORMATION](#i2863d4a925994bf2bf8568379c25b081_13)</u>** | **<u>[PART I — FINANCIAL INFORMATION](#i2863d4a925994bf2bf8568379c25b081_13)</u>** |  |
| Item 1 — | <u>[Condensed Consolidated Financial Statements (Unaudited)](#i2863d4a925994bf2bf8568379c25b081_16)</u> |  |
|  | <u>[Condensed Consolidated Statements of Income](#i2863d4a925994bf2bf8568379c25b081_19)</u> | <u>[5](#i2863d4a925994bf2bf8568379c25b081_19)</u> |
|  | <u>[Condensed Consolidated Statements of Comprehensive Income (Loss)](#i2863d4a925994bf2bf8568379c25b081_19)</u> | <u>[6](#i2863d4a925994bf2bf8568379c25b081_22)</u> |
|  | <u>[Condensed Consolidated Balance Sheets](#i2863d4a925994bf2bf8568379c25b081_28)</u>  | <u>[7](#i2863d4a925994bf2bf8568379c25b081_28)</u> |
|  | <u>[Condensed Consolidated Statements of Equity](#i2863d4a925994bf2bf8568379c25b081_31)</u> | <u>[8](#i2863d4a925994bf2bf8568379c25b081_31)</u> |
|  | <u>[Condensed Consolidated Statements of Cash Flows](#i2863d4a925994bf2bf8568379c25b081_37)</u>  | <u>[9](#i2863d4a925994bf2bf8568379c25b081_37)</u> |
|  | <u>[Notes to Condensed Consolidated Financial Statements](#i2863d4a925994bf2bf8568379c25b081_43)</u> | <u>[10](#i2863d4a925994bf2bf8568379c25b081_43)</u> |
|  | <u>[1. Basis of Presentation](#i2863d4a925994bf2bf8568379c25b081_46)</u> | <u>[10](#i2863d4a925994bf2bf8568379c25b081_46)</u> |
|  | <u>[2. Other Financial Information](#i2863d4a925994bf2bf8568379c25b081_49)</u> | <u>[10](#i2863d4a925994bf2bf8568379c25b081_52)</u> |
|  | <u>[3. Accumulated Other Comprehensive Income (Loss)](#i2863d4a925994bf2bf8568379c25b081_64)</u> | <u>[13](#i2863d4a925994bf2bf8568379c25b081_67)</u> |
|  | <u>[4. Goodwill and Intangible Assets](#i2863d4a925994bf2bf8568379c25b081_70)</u> | <u>[13](#i2863d4a925994bf2bf8568379c25b081_73)</u> |
|  | <u>[5. Segment Information](#i2863d4a925994bf2bf8568379c25b081_76)</u> | <u>[14](#i2863d4a925994bf2bf8568379c25b081_549755815244)</u> |
|  | <u>[6. Receivables Securitization](#i2863d4a925994bf2bf8568379c25b081_85)</u> | <u>[17](#i2863d4a925994bf2bf8568379c25b081_85)</u> |
|  | <u>[7. Debt and Bank Credit Facilities](#i2863d4a925994bf2bf8568379c25b081_88)</u> | <u>[17](#i2863d4a925994bf2bf8568379c25b081_88)</u> |
|  | <u>[8. Retirement Plans](#i2863d4a925994bf2bf8568379c25b081_94)</u> | <u>[19](#i2863d4a925994bf2bf8568379c25b081_97)</u> |
|  | <u>[9. Shareholders' Equity](#i2863d4a925994bf2bf8568379c25b081_103)</u> | <u>[20](#i2863d4a925994bf2bf8568379c25b081_106)</u> |
|  | <u>[10. Income Taxes](#i2863d4a925994bf2bf8568379c25b081_115)</u> | <u>[20](#i2863d4a925994bf2bf8568379c25b081_118)</u> |
|  | <u>[11. Earnings Per Share](#i2863d4a925994bf2bf8568379c25b081_121)</u> | <u>[21](#i2863d4a925994bf2bf8568379c25b081_124)</u> |
|  | <u>[12. Contingencies](#i2863d4a925994bf2bf8568379c25b081_127)</u> | <u>[21](#i2863d4a925994bf2bf8568379c25b081_127)</u> |
|  | <u>[13. Derivative Financial Instruments](#i2863d4a925994bf2bf8568379c25b081_130)</u> | <u>[22](#i2863d4a925994bf2bf8568379c25b081_130)</u> |
|  | <u>[14. Fair Value](#i2863d4a925994bf2bf8568379c25b081_133)</u> | <u>[26](#i2863d4a925994bf2bf8568379c25b081_133)</u> |
|  | <u>[15. Restructuring Activities](#i2863d4a925994bf2bf8568379c25b081_139)</u> | <u>[27](#i2863d4a925994bf2bf8568379c25b081_139)</u> |
| Item 2 — | <u>[Management's Discussion and Analysis of Financial Condition and Results of Operations](#i2863d4a925994bf2bf8568379c25b081_145)</u> | <u>[28](#i2863d4a925994bf2bf8568379c25b081_145)</u> |
| Item 3 — | <u>[Quantitative and Qualitative Disclosures about Market Risk](#i2863d4a925994bf2bf8568379c25b081_169)</u> | <u>[36](#i2863d4a925994bf2bf8568379c25b081_169)</u> |
| Item 4 — | <u>[Controls and Procedures](#i2863d4a925994bf2bf8568379c25b081_172)</u> | <u>[38](#i2863d4a925994bf2bf8568379c25b081_172)</u> |
| **<u>[PART II — OTHER INFORMATION](#i2863d4a925994bf2bf8568379c25b081_175)</u>** | **<u>[PART II — OTHER INFORMATION](#i2863d4a925994bf2bf8568379c25b081_175)</u>** |  |
| Item 1 — | <u>[Legal Proceedings](#i2863d4a925994bf2bf8568379c25b081_178)</u> | <u>[38](#i2863d4a925994bf2bf8568379c25b081_178)</u> |
| Item 1A — | <u>[Risk Factors](#i2863d4a925994bf2bf8568379c25b081_181)</u> | <u>[38](#i2863d4a925994bf2bf8568379c25b081_181)</u> |
| Item 2 — | <u>[Unregistered Sales of Equity Securities and Use of Proceeds](#i2863d4a925994bf2bf8568379c25b081_184)</u> | <u>[38](#i2863d4a925994bf2bf8568379c25b081_184)</u> |
| Item 5 — | <u>[Other Information](#i2863d4a925994bf2bf8568379c25b081_190)</u> | <u>[38](#i2863d4a925994bf2bf8568379c25b081_190)</u> |
| Item 6 — | <u>[Exhibits](#i2863d4a925994bf2bf8568379c25b081_196)</u> | <u>[39](#i2863d4a925994bf2bf8568379c25b081_196)</u> |
| <u>[Signatures](#i2863d4a925994bf2bf8568379c25b081_199)</u> |  | <u>[40](#i2863d4a925994bf2bf8568379c25b081_199)</u> |

---

------

**CAUTIONARY STATEMENT**

All statements in this report, other than those relating to historical facts, are "forward-looking statements" within the meaning of federal securities laws. Forward-looking statements can generally be identified by their use of terms such as "anticipate," "believe," "confident," "estimate," "expect," "intend," "aim," "seek," "target," "plan," "may," "will," "would," "project," "forecast," "predict," "could," "should," and similar expressions including references to assumptions. Forward-looking statements are not guarantees of future performance and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from such statements. Forward-looking statements include, but are not limited to, statements about future financial and operating results, future strategic plans and objectives, and expected market or macroeconomic trends. Important factors that could cause actual results to differ materially from those presented or implied in the forward-looking statements in this report include, without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the possibility that Regal Rexnord Corporation (the "Company") may be unable to achieve expected benefits, synergies and operating efficiencies in connection with the sale of the Industrial Motors and Generators businesses in 2024 and the acquisition of Altra Industrial Motion Corp. in 2023 (the "Altra Transaction") within the expected time-frames or at all and to successfully integrate Altra Industrial Motion Corp. ("Altra");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Company's substantial indebtedness as a result of the Altra Transaction and the effects of such indebtedness on the Company's financial flexibility;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Company's ability to achieve its objectives on reducing its indebtedness on the desired timeline or at all;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• dependence on key suppliers and the potential effects of supply disruptions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• fluctuations in commodity prices and raw material costs as a result of, among other things, changes to trade policies, imposition of tariffs or trade restrictions, and other governmental regulations affecting trade;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• any unforeseen changes to or the effects on liabilities, future capital expenditures, revenue, expenses, synergies, indebtedness, financial condition, losses and future prospects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• unanticipated operating costs, customer loss and business disruption or the Company's inability to forecast customer needs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Company's ability to attract, transition or retain key executives and employees, including in connection with our previously announced CEO transition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• uncertainties regarding the Company's ability to execute its restructuring/strategic plans within expected costs and timing or at all;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• challenges to the tax treatment that was elected with respect to the merger with the Rexnord PMC business and related transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• actions taken by competitors and their ability to effectively compete in the increasingly competitive global industries and markets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Company's ability to develop new products based on technological innovation and marketplace acceptance of new and existing products;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• our ability to keep pace with rapidly evolving technological developments related to advances in artificial intelligence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• dependence on significant customers and distributors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks that customers may make changes and adjustments to their orders which could result in actual revenue recognized being lower or higher than disclosed order values;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks associated with climate change, including unexpected weather events in markets in which we do business, and uncertainty regarding the Company's ability to deliver on its sustainability commitments or to meet related investor, customer and other third party expectations relating to the Company's sustainability efforts and rapidly evolving sustainability regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• changes to and uncertainty in trade policy, including tariffs on imports into the US from Canada, Mexico, China, India and other countries, and retaliatory tariffs and import/export restrictions, including Chinese export restrictions on certain rare earth minerals, or other trade restrictions imposed by the US or other governments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks associated with global manufacturing, including risks associated with public health crises and political, societal or economic instability, including instability caused by ongoing geopolitical conflicts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• issues and costs arising from the integration of acquired companies and businesses;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• prolonged declines or disruptions in one or more markets, including disruptions caused by labor disputes or other labor activities, natural disasters, terrorism, acts of war, international conflicts, pandemics and political and government actions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks associated with excess or obsolete inventory charges, including related write-offs or write-downs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• economic changes in global markets, such as reduced demand for products, currency exchange rates, inflation rates, interest rates, recession, government policies, including policy changes affecting taxation, trade, tariffs, import/export regulations, immigration, customs, border actions and the like, and other external factors that the Company cannot control;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• product liability, asbestos and other litigation, or claims by end users, government agencies or others that products or customers' applications failed to perform as anticipated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• unanticipated liabilities of acquired businesses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Company's ability to identify and execute on future mergers and acquisitions ("M&A") opportunities or other strategic transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the impact of such M&A or other transactions on the Company's results, operations and financial condition, including the impact from costs to execute and finance any such transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• unanticipated costs or expenses that may be incurred related to product warranty issues, recalls or reworks;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• infringement of intellectual property by third parties, challenges to intellectual property, and claims of infringement on third party technologies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks related to foreign currency fluctuations or changes in global commodity prices or interest rates;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• effects on earnings of any significant impairment of goodwill;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• losses from failures, breaches, attacks or disclosures involving information technology infrastructure and data;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• costs and unanticipated liabilities arising from rapidly evolving laws and regulations, including data privacy laws, labor and employment laws, environmental laws and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• risks associated with stock price volatility;

and other factors that can be found in our filings with the Securities and Exchange Commission (the "SEC"), including our most recent periodic reports filed on Form 10-K and Form 10-Q, which are available on our Investor Relations website. Forward-looking statements are given only as of the date of this report and we disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

------

**PART I—FINANCIAL INFORMATION**

**<u>ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</u>**

**REGAL REXNORD CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF INCOME**

(Unaudited)

(Amounts in Millions, Except Per Share Data)

---

| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| Net Sales | $1479.1 | $1418.1 |
| Cost of Sales | 929.2 | 890.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross Profit | 549.9 | 527.6 |
| Operating Expenses | 397.2 | 367.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income from Operations | 152.7 | 159.7 |
| Interest Expense | 80.5 | 90.2 |
| Interest Income | (4.6) | (4.2) |
| Other Expense, Net | 0.3 | 0.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before Taxes | 76.5 | 73.0 |
| Provision for Income Taxes | 12.2 | 15.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Income | 64.3 | 57.5 |
| Less: Net Income Attributable to Noncontrolling Interests |  | 0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Income Attributable to Regal Rexnord Corporation | $64.3 | $57.3 |
| Earnings Per Share Attributable to Regal Rexnord Corporation: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.97 | $0.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assuming Dilution | $0.96 | $0.86 |
| Weighted Average Number of Shares Outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | 66.5 | 66.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assuming Dilution | 66.8 | 66.5 |

---

*See Accompanying Notes to Condensed Consolidated Financial Statements*

------

**REGAL REXNORD CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)**

(Unaudited)

(Dollars in Millions)

---

| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| Net Income | $64.3 | $57.5 |
| Other Comprehensive Income (Loss) Net of Tax: |  |  |
| Foreign Currency Translation Adjustments | (73.0) | 120.1 |
| Hedging Activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Decrease) Increase in Fair Value of Hedging Activities | (1.0) | 5.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reclassification of (Gains) Losses Included in Net Income | (2.0) | 0.5 |
| Pension and Post Retirement Plans: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Decrease in Prior Service Cost and Unrecognized Loss |  | (1.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of Prior Service Cost and Unrecognized Gain Included in Net Periodic Pension Cost | (0.6) | (0.1) |
| Other Comprehensive Income (Loss) | (76.6) | 124.7 |
| Comprehensive (Loss) Income | (12.3) | 182.2 |
| &nbsp;&nbsp;&nbsp;Less: Comprehensive Income Attributable to Noncontrolling Interests | 0.1 | 0.3 |
| Comprehensive Income (Loss) Attributable to Regal Rexnord Corporation | $(12.4) | $181.9 |

---

*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*

*See Accompanying Notes to Condensed Consolidated Financial Statements*

------

 **REGAL REXNORD CORPORATION**

**CONDENSED CONSOLIDATED BALANCE SHEETS**

(Unaudited)

(Dollars in Millions, Except Per Share Data)

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| **ASSETS** | | |
| Current Assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and Cash Equivalents | $401.0 | $521.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade Receivables, Less Allowances of $13.3 Million and $10.5 Million as of March 31, 2026 and December 31, 2025, Respectively | 577.3 | 524.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 1378.4 | 1321.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid Expenses and Other Current Assets | 393.1 | 344.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Assets | 2749.8 | 2712.3 |
| Net Property, Plant and Equipment | 884.0 | 911.8 |
| Operating Lease Assets | 146.7 | 145.2 |
| Goodwill | 6577.2 | 6611.3 |
| Intangible Assets, Net of Amortization | 3309.7 | 3418.4 |
| Deferred Income Tax Benefits | 35.9 | 36.2 |
| Other Noncurrent Assets | 77.5 | 85.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Assets | $13780.8 | $13921.0 |
| **LIABILITIES AND EQUITY** |  |  |
| Current Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts Payable | $627.5 | $607.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends Payable | 23.3 | 23.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued Compensation and Benefits | 183.5 | 205.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued Interest | 84.0 | 84.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Accrued Expenses | 282.6 | 281.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Operating Lease Liabilities | 40.1 | 38.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Maturities of Long-Term Debt | 23.8 | 24.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Liabilities | 1264.8 | 1264.3 |
| Long-Term Debt | 4682.6 | 4764.6 |
| Deferred Income Taxes | 732.3 | 752.6 |
| Pension and Other Post Retirement Benefits | 102.7 | 106.0 |
| Noncurrent Operating Lease Liabilities | 115.4 | 114.0 |
| Other Noncurrent Liabilities | 68.1 | 66.2 |
| Equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regal Rexnord Corporation Shareholders' Equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock, $0.01 Par Value, 150.0 Million Shares Authorized, 66.6 Million and 66.4 Million Shares Issued and Outstanding as of March 31, 2026 and December 31, 2025, Respectively | 0.7 | 0.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional Paid-In Capital | 4685.7 | 4688.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained Earnings | 2271.3 | 2230.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated Other Comprehensive Loss | (152.1) | (75.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Regal Rexnord Corporation Shareholders' Equity | 6805.6 | 6844.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncontrolling Interests | 9.3 | 9.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Equity | 6814.9 | 6853.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities and Equity | $13780.8 | $13921.0 |

---

*See Accompanying Notes to Condensed Consolidated Financial Statements.*

------

**REGAL REXNORD CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF EQUITY**

(Unaudited)

(Dollars in Millions, Except Per Share Data)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **Common Stock $0.01 Par Value** | **Additional<br>Paid-In<br>Capital** | **Retained<br>Earnings** | **Accumulated<br>Other<br>Comprehensive<br>Income (Loss)** | **Noncontrolling<br>Interests** | **Total Equity** |
| December 31, 2025 | $0.7 | $4688.5 | $2230.3 | $(75.4) | $9.2 | $6853.3 |
| Net Income |  |  | 64.3 |  |  | 64.3 |
| Other Comprehensive Income (Loss) |  |  |  | (76.7) | 0.1 | (76.6) |
| Dividends Declared ($0.35 Per Share) |  |  | (23.3) |  |  | (23.3) |
| Common Stock Issued For The Exercise of Share-Based Compensation Awards |  | (10.8) |  |  |  | (10.8) |
| Share-Based Compensation |  | 8.0 |  |  |  | 8.0 |
| March 31, 2026 | $0.7 | $4685.7 | $2271.3 | $(152.1) | $9.3 | $6814.9 |
| December 31, 2024 | $0.7 | $4658.0 | $2043.8 | $(442.7) | $7.4 | $6267.2 |
| Net Income |  |  | 57.3 |  | 0.2 | 57.5 |
| Other Comprehensive Income |  |  |  | 124.6 | 0.1 | 124.7 |
| Dividends Declared ($0.35 Per Share) |  |  | (23.2) |  |  | (23.2) |
| Common Stock Issued For The Exercise of Share-Based Compensation Awards |  | (5.3) |  |  |  | (5.3) |
| Share-Based Compensation |  | 9.5 |  |  |  | 9.5 |
| March 31, 2025 | $0.7 | $4662.2 | $2077.9 | $(318.1) | $7.7 | $6430.4 |

---

*See Accompanying Notes to Condensed Consolidated Financial Statements.*

------

**REGAL REXNORD CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

(Unaudited)

(Dollars in Millions)

---

| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| **CASH FLOWS FROM OPERATING ACTIVITIES:** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Income | $64.3 | $57.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 37.3 | 40.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization | 86.6 | 85.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncash Lease Expense | 11.7 | 10.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Share-Based Compensation Expense | 8.0 | 9.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financing Fee Expense | 2.4 | 3.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss (Gain) on Sale of Assets | 0.5 | (6.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefit from Deferred Income Taxes | (14.2) | (18.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Non-Cash Changes | 0.7 | 0.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables | (58.4) | (0.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | (63.4) | (41.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts Payable | 23.0 | 41.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets and Liabilities | (83.6) | (79.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Provided by Operating Activities | 14.9 | 102.3 |
| **CASH FLOWS FROM INVESTING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additions to Property, Plant and Equipment | (17.4) | (16.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds Received from Sales of Property, Plant and Equipment |  | 10.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds Received from Sale of Businesses, Net of Cash Transferred |  | 3.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Used in Investing Activities | (17.4) | (3.5) |
| **CASH FLOWS FROM FINANCING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowings Under Revolving Credit Facility | 558.4 | 411.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repayments Under Revolving Credit Facility | (390.6) | (389.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from Long-Term Borrowings | 850.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repayments of Long-Term Borrowings | (1101.3) | (185.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends Paid to Shareholders | (23.3) | (23.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Surrendered for Taxes | (15.0) | (5.6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from the Exercise of Stock Options | 6.4 | 0.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Cash Used in Financing Activities | (115.4) | (192.5) |
| **EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS** | (2.8) | 5.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Decrease in Cash and Cash Equivalents | (120.7) | (88.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and Cash Equivalents at Beginning of Period | 521.7 | 393.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and Cash Equivalents at End of Period | $401.0 | $305.3 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION** | | |
| Cash Paid For: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest | $76.2 | $76.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income taxes | $34.8 | $36.8 |

---

*See Accompanying Notes to Condensed Consolidated Financial Statements.*

------

**REGAL REXNORD CORPORATION**

**NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**

**March 31, 2026** 

**(Unaudited)**

**(Dollars in Millions Except Per Share Data, Unless Otherwise Noted)**

**1. <u>BASIS OF PRESENTATION</u>**

The accompanying (a) Condensed Consolidated Balance Sheet of Regal Rexnord Corporation (the "Company"), as of December 31, 2025, which has been derived from audited Consolidated Financial Statements, and (b) unaudited interim Condensed Consolidated Financial Statements as of March 31, 2026 and for the three months ended March 31, 2026 and March 31, 2025, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading.

It is suggested that these Condensed Consolidated Financial Statements be read in conjunction with the Consolidated Financial Statements and the Notes thereto included in the Company's 2025 Annual Report on Form 10-K filed with the SEC on February 20, 2026.

In the opinion of management, all adjustments considered necessary for a fair presentation of financial results have been made. Except as otherwise discussed, such adjustments consist of only those of a normal recurring nature. Operating results for the three months ended March 31, 2026 are not necessarily indicative of the results that may be expected for the entire year ending December 31, 2026.

The Condensed Consolidated Financial Statements have been prepared in accordance with GAAP, which requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the Condensed Consolidated Financial Statements and revenues and expenses during the periods reported. Actual results could differ from those estimates. The Company uses estimates in accounting for, among other items, allowances for credit losses; excess and obsolete inventory; share-based compensation; product warranty obligations; pension and post-retirement assets and liabilities; derivative fair values; goodwill and other asset impairments; health care reserves; rebates and incentives; litigation claims and contingencies, including environmental matters; and income taxes. The Company accounts for changes to estimates and assumptions when warranted by factually based experience.

**2. <u>OTHER FINANCIAL INFORMATION</u>**

***<u>Revenue Recognition</u>***

The Company recognizes revenue from the sale of premium-efficiency electric motors and air moving subsystems, highly engineered industrial power transmission components and subsystems, and a portfolio of discrete automation products that include controls, actuators, drives, and high-precision servo motors. The Company recognizes revenue when control of the product passes to the customer or the service is provided. Revenue is recognized at an amount that reflects the consideration expected to be received in exchange for such goods or services.

**Nature of Performance Obligations**

For performance obligations related to substantially all of the Company's product sales, the Company determines that the customer obtains control upon shipment and recognizes revenue accordingly. Once a product has shipped, the customer is able to direct the use of and obtain substantially all of the remaining benefits from the asset. The Company considers control to have transferred upon shipment because the Company has a present right to payment at that time, the customer has legal title to the asset, the Company has transferred physical possession of the asset, and the customer has significant risks and rewards of ownership of the asset.

For certain contracts, the Company transfers control and recognizes revenue over time. The Company generally recognizes revenue over time on contracts for which the Company is creating an asset with no alternative use and has an enforceable right to payment for performance completed to date. The Company satisfies its performance obligations over time and uses a cost-based input method to measure progress. In applying the cost-based method of revenue recognition, the Company uses actual costs incurred to date relative to the total estimated costs for the contract in conjunction with the customer's commitment to perform in determining the amount of revenue to recognize. The Company has determined that the cost-based input method best depicts the transfer of control of goods or services to the customer.

------

For contracts recognized using the cost-based input method, the Company determines the contract asset or contract liability position at each reporting period. Contract assets relate to the Company's right to consideration for work completed but not billed at the reporting date and are recorded in Prepaid Expenses and Other Current Assets and Other Noncurrent Assets on the Condensed Consolidated Balance Sheets. Contract liabilities relate to advance consideration received from customers or advance billings for which revenue has not been recognized and are recorded in Other Accrued Expenses on the Condensed Consolidated Balance Sheets.

The following table presents contract assets and contract liabilities as of March 31, 2026 and December 31, 2025:

---

| | | | |
|:---|:---|:---|:---|
| | **Current Contract Assets** | **Noncurrent Contract Assets** | **Current Contract Liabilities** |
| Balance as of March 31, 2026 | $120.1 | $5.0 | $22.2 |
| Balance as of December 31, 2025 | 83.5 |  | 34.5 |

---

For the three months ended March 31, 2026, the company recognized revenue of $14.8 million from contract liabilities. Contract assets and contract liabilities were not material as of March 31, 2025 and December 31, 2024.

**Transaction Price Allocated to Remaining Performance Obligations**

As of March 31, 2026, we estimated that approximately $911.2 million in revenue is expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied), with 15.2% expected to be recognized in the remainder of 2026 and 84.8% in 2027. Data center orders received in 2025 of $735 million are currently expected to be recognized in revenue in 2027. These amounts exclude revenue allocated to remaining performance obligations for contracts with original terms of 12 months or less.

**Disaggregation of Revenue**

The following tables presents the Company's revenues disaggregated by geographical region:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>**March 31, 2026** | **Automation & Motion Control** | **Industrial Powertrain Solutions** | **Power Efficiency Solutions** | **Total** |
| North America | $314.7 | $427.9 | $278.2 | $1020.8 |
| Asia | 20.5 | 42.2 | 50.7 | 113.4 |
| Europe | 103.1 | 128.5 | 33.9 | 265.5 |
| Rest-of-World | 18.8 | 49.6 | 11.0 | 79.4 |
| Total | $457.1 | $648.2 | $373.8 | $1479.1 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>**March 31, 2025** | **Automation & Motion Control** | **Industrial Powertrain Solutions** | **Power Efficiency Solutions** | **Total** |
| North America | $260.9 | $414.9 | $326.5 | $1002.3 |
| Asia | 23.5 | 33.8 | 37.7 | 95.0 |
| Europe | 93.4 | 122.9 | 33.8 | 250.1 |
| Rest-of-World | 18.5 | 41.1 | 11.1 | 70.7 |
| Total | $396.3 | $612.7 | $409.1 | $1418.1 |

---

***<u>Trade Receivables</u>***

The Company's policy for estimating the allowance for credit losses on trade receivables considers several factors including historical write-off experience, overall customer credit quality in relation to general economic and market conditions, and specific customer account analyses. The specific customer account analysis considers such items as credit worthiness, payment history, and historical bad debt experience. Trade receivables are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. Adjustments to the allowance for credit losses are recorded in Operating Expenses.

------

The Company has an accounts receivable securitization facility (the "Securitization Facility"). The Company accounts for receivables sold under the Securitization Facility as a sale of financial assets pursuant to ASC 860 "Transfers and Servicing" and derecognizes these receivables from its Condensed Consolidated Balance Sheets. See Note 6 - Receivables Securitization for more information.

***<u>Inventories</u>***

The following table presents approximate percentage distribution between major classes of inventories:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Raw Material and Work in Process | 62.3% | 63.4% |
| Finished Goods and Purchased Parts | 37.7% | 36.6% |

---

Inventories are stated at the lower of cost or net realizable value, using the FIFO cost method. Material, labor and factory overhead costs are included in the inventories.

***<u>Property, Plant, and Equipment</u>***

The following table presents property, plant, and equipment by major classification:

---

| | | | |
|:---|:---|:---|:---|
| | **Useful Life in Years** | **March 31, 2026** | **December 31, 2025** |
| Land and Improvements |  | $129.1 | $130.6 |
| Buildings and Improvements | 3 - 50 | 432.7 | 434.8 |
| Machinery and Equipment | 3 - 15 | 1318.1 | 1314.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property, Plant and Equipment |  | 1879.9 | 1880.2 |
| Less: Accumulated Depreciation |  | (995.9) | (968.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Property, Plant and Equipment |  | $884.0 | $911.8 |

---

As of March 31, 2026 and December 31, 2025, $64.6 million and $66.7 million of right-of-use assets were included in Net Property, Plant and Equipment, respectively.

***<u>Supplier Finance Program</u>***

The Company's supplier finance program with Bank of America ("the Bank") offers the Company's designated suppliers the option to receive payments of outstanding invoices in advance of the invoice maturity dates at a discount. The Company's payment obligation to the Bank remains subject to the respective supplier's invoice maturity date. The Bank acts as a payment agent, making payments on invoices the Company confirms are valid. The supplier finance program is offered for open account transactions only and may be terminated by either the Company or the Bank upon 15 days notice. The Company has not pledged any assets under this program. The Company has not incurred any subscription, service or other fees related to the Company's supplier finance program. The Company's outstanding obligations under the supplier finance program, which are classified within Accounts Payable, were $51.6 million and $42.0 million as of March 31, 2026 and December 31, 2025, respectively.

------

**3. <u>ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)</u>**

Foreign currency translation adjustments, unrealized gains and losses on derivative instruments designated as hedges and pension and post retirement liability adjustments are included in Accumulated Other Comprehensive Income (Loss) ("AOCI"), a component of Total Equity.

The following tables present changes in AOCI by component for the three months ended March 31, 2026 and March 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>**March 31, 2026** | **Hedging Activities** | **Pension and Post Retirement Benefit Adjustments** | **Foreign Currency Translation Adjustments** | **Total** |
| Beginning Balance | $16.3 | $(20.9) | $(70.8) | $(75.4) |
| &nbsp;&nbsp;&nbsp;Other Comprehensive Income (Loss) before Reclassifications | (1.3) |  | (73.1) | (74.4) |
| &nbsp;&nbsp;&nbsp;(Gain) Loss Reclassified from AOCI | (2.7) | (0.8) |  | (3.5) |
| &nbsp;&nbsp;&nbsp;Tax Impact | 1.0 | 0.2 |  | 1.2 |
| &nbsp;&nbsp;&nbsp;Net Current Period Other Comprehensive Income (Loss) | (3.0) | (0.6) | (73.1) | (76.7) |
| Ending Balance | 13.3 | (21.5) | (143.9) | (152.1) |
| **March 31, 2025** | **Hedging Activities** | **Pension and Post Retirement Benefit Adjustments** | **Foreign Currency Translation Adjustments** | **Total** |
| Beginning Balance | $(5.5) | $(21.5) | $(415.7) | $(442.7) |
| &nbsp;&nbsp;&nbsp;Other Comprehensive Income (Loss) before Reclassifications | 6.9 | (1.3) | 120.0 | 125.6 |
| &nbsp;&nbsp;&nbsp;Loss (Gain) Reclassified from AOCI | 0.6 | (0.2) |  | 0.4 |
| &nbsp;&nbsp;&nbsp;Tax Impact | (1.8) | 0.4 |  | (1.4) |
| &nbsp;&nbsp;&nbsp;Net Current Period Other Comprehensive Income (Loss) | 5.7 | (1.1) | 120.0 | 124.6 |
| Ending Balance | 0.2 | (22.6) | (295.7) | (318.1) |

---

The Condensed Consolidated Statements of Income line items affected by the hedging activities reclassified from AOCI in the tables above are disclosed in Note 13 - Derivative Financial Instruments.

The reclassification amounts for pension and post-retirement benefit adjustments in the tables above are part of net periodic benefit costs recorded in Other Expense, Net (see also Note 8 - Retirement Plans).

**4. <u>GOODWILL AND INTANGIBLE ASSETS</u>**

***<u>Goodwill</u>***

As required, the Company performs an annual impairment test of goodwill as of the end of October, or more frequently if events or circumstances change that would more likely than not reduce the fair value of its reporting units below their carrying value.

------

The following table presents changes to goodwill during the three months ended March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Automation & Motion Control** | **Industrial Powertrain Solutions** | **Power Efficiency Solutions** | **Total** |
| Balance as of December 31, 2025 | $2078.7 | $3775.4 | $757.2 | $6611.3 |
| Translation Adjustments | (18.1) | (14.7) | (1.3) | (34.1) |
| Balance as of March 31, 2026 | $2060.6 | $3760.7 | $755.9 | $6577.2 |
| Cumulative Goodwill Impairment Charges | $5.1 | $18.1 | $200.4 | $223.6 |

---

***<u>Intangible Assets</u>***

Intangible assets consist of the following:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| |<br>**Weighted Average Amortization Period (Years)** | **Gross Value** | **Accumulated<br>Amortization** | **Net Carrying Amount** | **Gross Value** | **Accumulated<br>Amortization** | **Net Carrying Amount** |
| Customer Relationships | 15 | $3969.4 | $1244.1 | $2725.3 | $3993.6 | $1188.7 | $2804.9 |
| Technology | 13 | 298.7 | 136.2 | 162.5 | 300.2 | 131.5 | 168.7 |
| Trademarks | 10 | 713.8 | 291.9 | 421.9 | 719.1 | 274.3 | 444.8 |
| Total Intangibles |  | $4981.9 | $1672.2 | $3309.7 | $5012.9 | $1594.5 | $3418.4 |

---

Amortization expense recorded for the three months ended March 31, 2026 and March 31, 2025 was $86.6 million and $85.4 million, respectively.

**5. <u>SEGMENT INFORMATION</u>**

The Company's operations are organized and managed based on similar product offerings and end markets in the following three reportable segments: Automation & Motion Control ("AMC"), Industrial Powertrain Solutions ("IPS") and Power Efficiency Solutions ("PES").

The AMC segment designs, produces and services conveyor products, conveying automation subsystems, aerospace components, precision motion control solutions, high-efficiency miniature servo motors, controls, drives and linear actuators, as well as power management products that include automatic transfer switches, paralleling switchgear, and customized modular electric pod solutions ("E-Pods") that comprise relevant power and thermal management content. The segment sells into markets that include discrete factory automation, food and beverage, aerospace, general industrial, medical and data center.

The IPS segment designs, produces and services a broad portfolio of highly-engineered transmission products, including mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes and gear motors, clutches, brakes, and industrial powertrain components and solutions. Increasingly, the segment produces industrial powertrain solutions, which are integrated sub-systems comprised of Regal Rexnord motors plus the critical power transmission components that efficiently transmit motion using power generated by the motor to various industrial applications. The segment serves a broad range of markets that include general industrial, metals and mining, energy, discrete automation and commercial HVAC.

The PES segment designs and produces fractional to approximately 5 horsepower AC and DC motors, electronic variable speed controls, electronic drives, fans and blowers, as well as integrated air moving subsystems comprised of two or more of these components. The segment's products are used in residential and commercial HVAC, and in a wide range of general commercial applications.

------

The chief operating decision maker ("CODM") of the Company is its chief executive officer. Among other considerations, the CODM evaluates performance and allocates resources based on the segment's income from operations. The Company also regularly provides to the CODM information on adjusted cost of sales and adjusted engineering, selling and administration expenses, which are significant expenses.

The following sets forth certain financial information attributable to the Company's reportable segments for the three months ended March 31, 2026 and March 31, 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>**March 31, 2026** | **Automation & Motion Control** | **Industrial Powertrain Solutions** | **Power Efficiency Solutions** | **Eliminations** | **Total** |
| Total Sales | $461.0 | $654.5 | $374.2 | $(10.6) | $1479.1 |
| Intersegment Sales | 3.9 | 6.3 | 0.4 | (10.6) |  |
| Net Sales <sup>(1)</sup> | 457.1 | 648.2 | 373.8 |  | 1479.1 |
| Adjusted Cost of Sales <sup>(2)</sup> | 300.4 | 377.0 | 257.0 |  | 934.4 |
| Adjusted Engineering, Selling and Administration Expenses <sup>(3)</sup> | 92.4 | 136.1 | 66.7 |  | 295.2 |
| Other Segment Items <sup>(4)</sup> | 32.7 | 55.9 | 8.2 |  | 96.8 |
| Income from Operations | 31.6 | 79.2 | 41.9 |  | 152.7 |
| Interest Expense |  |  |  |  | 80.5 |
| Interest Income |  |  |  |  | (4.6) |
| Other Expense, Net |  |  |  |  | 0.3 |
| Income before Taxes |  |  |  |  | 76.5 |
| **Other Supplemental Disclosures** |  |  |  |  |  |
| Amortization | 34.7 | 51.3 | 0.6 |  | 86.6 |
| Depreciation | 11.5 | 16.9 | 8.9 |  | 37.3 |
| Capital Expenditures | 6.7 | 5.2 | 5.5 |  | 17.4 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>**March 31, 2025** | **Automation & Motion Control** | **Industrial Powertrain Solutions** | **Power Efficiency Solutions** | **Eliminations** | **Total** |
| Total Sales | $399.7 | $616.2 | $409.4 | $(7.2) | $1418.1 |
| Intersegment Sales | 3.4 | 3.5 | 0.3 | (7.2) |  |
| Net Sales <sup>(1)</sup> | 396.3 | 612.7 | 409.1 |  | 1418.1 |
| Adjusted Cost of Sales <sup>(2)</sup> | 245.8 | 352.6 | 297.1 |  | 895.5 |
| Adjusted Engineering, Selling and Administration Expenses <sup>(3)</sup> | 88.8 | 125.5 | 67.2 |  | 281.5 |
| Other Segment Items <sup>(4)</sup> | 26.6 | 52.9 | 1.9 |  | 81.4 |
| Income from Operations | 35.1 | 81.7 | 42.9 |  | 159.7 |
| Interest Expense |  |  |  |  | 90.2 |
| Interest Income |  |  |  |  | (4.2) |
| Other Expense, Net |  |  |  |  | 0.7 |
| Income before Taxes |  |  |  |  | 73.0 |
| **Other Supplemental Disclosures** |  |  |  |  |  |
| Amortization | 33.9 | 49.9 | 1.6 |  | 85.4 |
| Depreciation | 11.6 | 19.6 | 8.9 |  | 40.1 |
| Capital Expenditures | 6.0 | 8.2 | 2.6 |  | 16.8 |

---

(1) Represents revenues from external customers.

(2) Adjusted Cost of Sales includes costs associated with producing goods for sale, such as materials, labor and overhead costs, and intercompany cost of sales. Adjusted Cost of Sales differs from Cost of Sales reported under US GAAP primarily because it includes

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intercompany cost of sales and excludes certain costs, primarily restructuring and related expenses. The difference is included in Other Segment Items.

(3) Adjusted Engineering, Selling and Administration Expenses includes operating expenses such as engineering, selling and administration expenses, as well as hedging, foreign currency gains and losses and certain overhead expenses. Adjusted Engineering, Selling and Administration Expenses differs from Operating Expenses reported under US GAAP primarily because it excludes costs such as significant noncash items, restructuring and related costs, and transaction and integration related costs. The difference is included in Other Segment Items.

(4) Other Segment Items includes other significant noncash items, intangible amortization, as well as restructuring and related costs, transaction and integration related costs, certain overhead expenses and the elimination of intercompany cost of sales.

The following table presents identifiable assets information attributable to the Company's operating segments as of March 31, 2026 and December 31, 2025:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Automation & Motion Control** | **Industrial Powertrain Solutions** | **Power Efficiency Solutions** | **Total** |
| Identifiable Assets as of March 31, 2026 | $4553.3 | $7323.2 | $1904.3 | $13780.8 |
| Identifiable Assets as of December 31, 2025 | 4598.6 | 7389.1 | 1933.3 | 13921.0 |

---

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**6. <u>RECEIVABLES SECURITIZATION</u>**

On June 30, 2025, Regal Rexnord Receivables Finance LLC, a bankruptcy remote special purpose entity formed as a wholly-owned subsidiary of the Company ("SPE"), entered into a one-year $400 million accounts receivable securitization facility (the "Securitization Facility") with PNC Bank National Association, Wells Fargo Bank, N.A., and Truist Bank (the "Purchasers"). The Securitization Facility can be renewed each year for another year with agreement between the SPE and the Purchasers. Under the Securitization Facility, certain US subsidiaries of the Company (the "Originators") transfer their accounts receivable (the "Receivables") to the SPE, who in turn sells certain of the Receivables (the "Sold Receivables") to the Purchasers. The Originators will service the Receivables on behalf of the Purchasers but have no continuing involvement with the Sold Receivables.

Transfers of the Sold Receivables from the SPE to the Purchasers are accounted for as a sale of financial assets, resulting in derecognition of the Sold Receivables from the Company's Condensed Consolidated Financial Statements. These sales are priced at the face value of the Sold Receivables less a fair market value discount, resulting in a loss on the Sold Receivables recorded in Operating Expenses in the Condensed Consolidated Statement of Income. The Sold Receivables are no longer available to satisfy creditors of any Originator in the event of bankruptcy. The SPE also retains certain Receivables as collateral to the Purchasers as a guarantee of cash collections on the Sold Receivables (the "Collateral"), which is recorded in Trade Receivables, Less Allowances in the Condensed Consolidated Balance Sheet.

The Securitization Facility is structured on a revolving basis under which the Purchasers reinvest the cash collections in the Securitization Facility and purchase additional Receivables.

The total value of accounts receivable sold from the SPE to the Purchasers under the Securitization Facility and derecognized from the Condensed Consolidated Balance Sheet was $327.0 million and $372.5 million as of March 31, 2026 and December 31, 2025, respectively. For the three months ended March 31, 2026, the Company sold accounts receivable of $559.9 million to the Purchasers under the Securitization Facility. Cash collections for the three months ended March 31, 2026 on receivables sold to the Purchasers were $605.4 million. This resulted in a net cash outflow of $45.5 million, which is reflected in Net Cash Provided by Operating Activities in the Condensed Consolidated Statement of Cash Flows. As of March 31, 2026 and December 31, 2025, unsold accounts receivable of $61.6 million and $64.6 million, respectively, were pledged by the SPE as collateral to the Purchasers.

The Company incurred charges of $3.8 million associated with the Securitization Facility for the three months ended March 31, 2026, which were reflected in Operating Expenses in the Condensed Consolidated Statement of Income.

**7. <u>DEBT AND BANK CREDIT FACILITIES</u>**

The Company's indebtedness as of March 31, 2026 and December 31, 2025 was as follows:

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| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Senior Notes | $3600.0 | $4700.0 |
| 2025 Term Facility | 850.0 |  |
| 2025 Revolving Facility | 167.8 |  |
| Altra Notes | 18.1 | 18.1 |
| Finance Leases | 93.3 | 93.8 |
| Other | 7.1 | 7.2 |
| Less: Debt Issuance Costs | (29.9) | (30.4) |
| Total | 4706.4 | 4788.7 |
| Less: Current Maturities | 23.8 | 24.1 |
| Long-Term Debt | $4682.6 | $4764.6 |

---

The below discussion of the Company's indebtedness should be read in conjunction with the Note 7 – Debt and Bank Credit Facilities in the Company's 2025 Annual Report on Form 10-K filed on February 20, 2026.

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*Senior Notes*

On January 24, 2023, the Company issued $1,100.0 million aggregate principal amount of its 6.05% senior notes due 2026 (the "2026 Senior Notes"), $1,250.0 million aggregate principal amount of its 6.05% senior notes due 2028 (the "2028 Senior Notes"), $1,100.0 million aggregate principal amount of its 6.30% senior notes due 2030 (the "2030 Senior Notes") and $1,250.0 million aggregate principal amount of its 6.40% senior notes due 2033 (the "2033 Senior Notes" and, together with the 2026 Senior Notes, 2028 Senior Notes and 2030 Senior Notes, collectively, the "Senior Notes"). The 2026 Senior Notes matured on February 15, 2026 and were refinanced with the proceeds from the 2025 Term Facility. The 2028 Senior Notes are scheduled to mature on April 15, 2028, the 2030 Senior Notes are scheduled to mature on February 15, 2030, and the 2033 Senior Notes are scheduled to mature on April 15, 2033.

The rate of interest on each series of the Senior Notes is subject to an increase of up to 2.00% in the event of certain downgrades in the debt rating of the Senior Notes. Interest on the 2030 Senior Notes is payable semi-annually on February 15 and August 15 of each year, beginning on August 15, 2023. Interest on the 2028 Senior Notes and the 2033 Senior Notes is payable semi-annually on April 15 and October 15 of each year, beginning on April 15, 2023.

In May 2024, the Company exchanged the Senior Notes with registered notes with terms substantially identical to those of the Senior Notes of the corresponding series (the "New Notes"). The Company exchanged approximately $4,697.1 million in aggregate principal amount of Senior Notes for approximately $4,697.1 million in aggregate principal amount of New Notes of the corresponding series. The aggregate principal amount of Senior Notes not exchanged, approximately $2.9 million, remained outstanding across the four series of Senior Notes. The New Notes consisted of approximately $1,099.0 million aggregate principal amount of 6.05% senior notes that matured on February 15, 2026, $1,249.4 million aggregate principal amount of 6.05% senior notes due 2028, $1,099.4 million aggregate principal amount of 6.30% senior notes due 2030 and $1,249.3 million aggregate principal amount of 6.40% senior notes due 2033. The Senior Notes are guaranteed by certain subsidiaries of the Company.

The fair value of the Senior Notes is based on rates for instruments with comparable maturities and credit quality, which is considered a Level 2 fair value measurement (see also Note 14 - Fair Value). The approximate fair value of the Senior Notes was $3,751.4 million and $4,903.4 million as of March 31, 2026 and December 31, 2025, respectively, compared to a carrying value of $3,600.0 million and $4,700.0 million as of March 31, 2026 and December 31, 2025, respectively. The Company believes that the fair value of all other debt instruments approximates their carrying value.

*Credit Agreement*

On March 28, 2022, the Company entered into a Second Amended and Restated Credit Agreement (the "2022 Credit Agreement"), which was subsequently amended on November 17, 2022 and November 30, 2022. The Credit Agreement provided for an unsecured term loan facility of $1,390.0 million (the "Term Facility") and an unsecured revolving loan of $1,570.0 million (the "Multicurrency Revolving Facility"). The Company repaid the outstanding Term Loan amount of $665.0 million in 2025.

On November 21, 2025, Regal Rexnord Corporation entered into a Third Amended and Restated Credit Agreement (the "2025 Credit Agreement") with JPMorgan Chase Bank, N.A., as Administrative Agent and the lenders named therein. The 2025 Credit Agreement amends and restates in its entirety the 2022 Credit Agreement and consists of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.an unsecured Delayed Draw Term Loan in an aggregate principal amount of up to $850.0 million, maturing on February 21, 2029 ("2025 Term Facility") and,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii.an unsecured revolving line of credit in Dollars or various other currencies in an aggregate principal amount of up to $1,500.0 million, maturing on November 21, 2030 ("2025 Revolving Facility").

The Company borrowed $850.0 million under the 2025 Term Facility on February 12, 2026 and used the proceeds to refinance the 2026 Senior Notes.

Per the terms of the 2025 Credit Agreement, prepayments can be made without penalty. Borrowings under the 2025 Credit Agreement bear interest at floating rates based upon indices determined by the currency of the borrowing (SOFR or an alternative base rate for US Dollar borrowings) or at an alternative base rate, in each case, plus an applicable margin.

------

As of March 31, 2026 the Company had no standby letters of credit issued under the 2025 Revolving Facility and $1,332.2 million of available borrowing capacity. The average daily balance in borrowings under the 2025 Revolving Facility was $135.5 million for the three months ended March 31, 2026. The average daily balance in borrowings under the Multicurrency Revolving Facility was $81.4 million for the three months ended March 31, 2025. The Company paid a non-use fee of 0.15% as of March 31, 2026 on the aggregate unused amount of the 2025 Revolving Facility at a rate determined by reference to its consolidated funded debt to consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) ratio.

Weighted average interest rates are as follows:

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| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| 2025 Term Facility | 4.8% |  |
| Term Facility |  | 6.2% |
| 2025 Revolving Facility | 4.9% |  |
| Multicurrency Revolving Facility |  | 6.2% |

---

*Altra Notes*

On March 27, 2023, in connection with the Altra Transaction, the Company assumed $18.1 million aggregate principal amount of 6.125% senior notes due 2026 (the "Altra Notes").

The Altra Notes will mature on October 1, 2026 and are presented in Current Maturities of Long-Term Debt in the Condensed Consolidated Balance Sheets. The Altra Notes may be redeemed at the option of the Company on or after October 1, 2023. The Altra Notes are guaranteed on a senior unsecured basis by certain of the Company's domestic subsidiaries.

*Compliance with Financial Covenants*

The 2025 Credit Agreement requires the Company to meet specified financial ratios and to satisfy certain financial condition tests. The Company was in compliance with all financial covenants as of March 31, 2026.

*Finance Leases*

The weighted average discount rate associated with the Company's finance leases was 8.9% as of March 31, 2026 and 5.2% as of March 31, 2025.

**8. <u>RETIREMENT PLANS</u>**

The following table presents the Company's net periodic benefit cost (income) components of its defined benefit plans:

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| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| Service Cost | $0.8 | $0.7 |
| Interest Cost | 5.2 | 5.5 |
| Expected Return on Plan Assets | (4.8) | (4.6) |
| Amortization of Prior Service Cost and Net Actuarial Gain | (0.2) | (0.1) |
| Net Periodic Benefit Expense | $1.0 | $1.5 |

---

The service cost component is included in Cost of Sales and Operating Expenses. All other components of net periodic benefit costs are included in Other Expense, Net on the Company's Condensed Consolidated Statements of Income.

For the three months ended March 31, 2026 and March 31, 2025, the Company contributed $2.5 million and $5.1 million, respectively, to its defined benefit pension plans. The Company expects to make total contributions of $18.7 million in 2026. The Company contributed a total of $15.5 million in 2025.

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For the three months ended March 31, 2026 and March 31, 2025, the Company contributed $13.2 million and $7.3 million, respectively, to its defined contribution plans.

**9. <u>SHAREHOLDERS' EQUITY</u>**

*<u>Share-Based Compensation</u>*

Performance share unit awards ("PSUs") consist of the right to shares of the Company's stock awarded to associates of the Company. PSUs vest upon the Company's Board of Director's approval of PSU metric achievement, generally in the first quarter after the conclusion of the three-year overall performance period. PSUs are granted at performance target of 100%.

For the three months ended March 31, 2026, the Company issued 41,610 Performance Share Units ("2026 PSUs"). The 2026 PSUs include two performance metrics: Return on Invested Capital weighted at 75% and Revenue Growth weighted at 25%. The payout for each performance metric ranges from 0% to 200%. The 2026 PSUs also include a 20% modifier (increase or decrease) based on relative Total Shareholder Return ("rTSR") as compared to the S&P 900 Industrials index, which allows for up to a maximum 240% total payout. The 2026 PSUs are valued using a Monte Carlo simulation model as of the grant date. As set forth in the individual grant agreements, acceleration of vesting may occur under a change in control, death or disability. There are no voting rights with these instruments until vesting occurs and a share of stock is issued.

The Company recognized $8.0 million and $9.5 million in share-based compensation expense for the three months ended March 31, 2026 and March 31, 2025, respectively. The total income tax benefit recognized for share-based compensation expense was $5.3 million and $1.1 million for the three months ended March 31, 2026 and March 31, 2025, respectively. The Company recognizes compensation expense on grants of share-based compensation awards on a straight-line basis over the vesting period of each award.

During the three months ended March 31, 2026, the Company granted the following share-based incentive awards:

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| | | |
|:---|:---|:---|
| **Award Type** | **Number of Awards** | **Weighted Average Grant-Date Fair Value** |
| Restricted Stock Units | 101966 | $216.34 |
| Performance Share Units | 41610 | $246.15 |

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**10. <u>INCOME TAXES</u>**

The effective tax rate for the three months ended March 31, 2026 was 15.9% versus 21.2% for the three months ended March 31, 2025. The decrease was primarily driven by a discrete tax benefit related to stock option exercises in the current year.

As of March 31, 2026 and December 31, 2025, the Company had approximately $4.5 million and $4.2 million of unrecognized tax benefits, all of which would impact the effective income tax rate if recognized.

The Company recognizes interest and penalties related to unrecognized tax benefits in Provision for Income Taxes in the Condensed Consolidated Statements of Income. The Company had approximately $0.6 million and $0.5 million of accrued interest as of March 31, 2026 and December 31, 2025, respectively.

The Company conducts business globally and, as a result, files income tax returns in the US federal jurisdiction and various state and foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. The US Internal Revenue Service is currently conducting an audit of the Company's 2022 income tax return. No material deficiencies have been assessed related to ongoing audits as of March 31, 2026.

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**11. <u>EARNINGS PER SHARE</u>**

Diluted earnings per share is calculated based upon earnings applicable to common shares divided by the weighted-average number of common shares outstanding during the period adjusted for the effect of other dilutive securities. The amount of the anti-dilutive shares was 0.1 million and 0.3 million for the three months ended March 31, 2026 and March 31, 2025, respectively. The following table reconciles the basic and diluted shares used in earnings per share calculations for the three months ended March 31, 2026 and March 31, 2025:

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| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| Denominator for Basic Earnings Per Share | 66.5 | 66.3 |
| Effect of Dilutive Securities | 0.3 | 0.2 |
| Denominator for Diluted Earnings Per Share | 66.8 | 66.5 |

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**12. <u>CONTINGENCIES</u>**

The Company is party to litigation and other legal or regulatory proceedings that arise in the normal course of the Company's business operations, the outcomes of which are subject to significant uncertainty, including product warranty and liability claims, contract disputes and environmental, asbestos, intellectual property, employment and other matters. The Company's products are used in a variety of industrial, commercial and residential applications that subject the Company to claims that the use of its products is alleged to have resulted in injury, death or other damage. Many of these matters will only be resolved when one or more future events occur or fail to occur. Management conducts regular reviews, including updates from legal counsel, to assess the need for accounting recognition or disclosure of these contingencies, and such assessment inherently involves an exercise in judgment. The Company accrues for exposures to the extent that losses are deemed probable and are reasonably estimable. The Company does not currently believe that the outcome of any of these proceedings individually or collectively will have a material effect on the Company's financial position, results of operations or its cash flows.

The Company is subject to federal, state and local environmental protection laws and regulations with respect to our business operations and is operating in compliance with, or taking action aimed at helping ensure compliance with, these laws and regulations. The Company's threshold for disclosing environmental legal proceedings involving a government authority where potential monetary sanctions are involved is $1 million.

The most significant legal proceedings involving the Company are described below.

One of the Company's subsidiaries acquired in 2007 is subject to numerous claims filed in various jurisdictions relating to certain sub-fractional motors that were primarily manufactured through 2004 and that were included as components of residential and commercial ventilation units manufactured and sold in high volumes by a third party. These ventilation units are subject to product safety requirements and other potential regulation of their performance by government agencies such as the US Consumer Product Safety Commission ("CPSC"). The claims generally allege that the ventilation units were the cause of fires. The Company has recorded an estimated liability for incurred claims. Based on the current facts, the Company cannot assure that these claims, individually or in the aggregate, will not have a material adverse effect on its subsidiary's financial condition. The Company's subsidiary cannot reasonably predict the outcome of these claims, the nature or extent of any CPSC or other remedial actions, if any, that the Company's subsidiary may need to undertake with respect to motors that remain in the field, or the costs that may be incurred, some of which could be significant.

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The Company recognizes the cost associated with its standard warranty on its products at the time of sale. The amount recognized is based on historical experience. The following table presents a reconciliation of the changes in accrued warranty costs for the three months ended March 31, 2026 and March 31, 2025:

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| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| Beginning Balance | $30.6 | $33.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Payments | 7.1 | 6.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Provisions | 7.4 | 6.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Translation Adjustments | (0.1) | 0.5 |
| Ending Balance | $30.8 | $33.3 |

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These liabilities are included in Other Accrued Expenses and Other Noncurrent Liabilities on the Condensed Consolidated Balance Sheets.

**13. <u>DERIVATIVE FINANCIAL INSTRUMENTS</u>**

The Company is exposed to certain risks relating to its ongoing business operations. The primary risks managed using derivative instruments are commodity price risk, currency exchange risk, and interest rate risk. Forward contracts on certain commodities are entered into to manage the price risk associated with forecasted purchases of materials used in the Company's manufacturing process. Forward contracts on certain currencies are entered into to manage forecasted cash flows in certain foreign currencies. Interest rate swaps have been utilized in prior years to manage interest rate risk associated with the Company's floating rate borrowings. There are no outstanding interest rate swaps as of March 31, 2026.

The Company is exposed to credit losses in the event of non-performance by the counterparties to various financial agreements, including its commodity hedging transactions and foreign currency exchange contracts. Exposure to counterparty credit risk is managed by limiting counterparties to major international banks and financial institutions meeting established credit guidelines and continually monitoring their compliance with the credit guidelines. The Company does not obtain collateral or other security to support financial instruments subject to credit risk. The Company does not anticipate non-performance by its counterparties but cannot provide assurances.

The Company recognizes all derivative instruments as either assets or liabilities at fair value in the Condensed Consolidated Balance Sheets. The Company designates commodity forward contracts as cash flow hedges of forecasted purchases of commodities, currency forward contracts as cash flow hedges of forecasted foreign currency cash flows and interest rate swaps as cash flow hedges of forecasted SOFR-based interest payments. There were no significant collateral deposits on derivative financial instruments as of March 31, 2026 or March 31, 2025.

***<u>Cash Flow Hedges</u>***

The effective portion of the gain or loss on the derivative is reported as a component of AOCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing either hedge ineffectiveness or changes in market value of derivatives not designated as hedges are recognized in current earnings.

As of March 31, 2026 and December 31, 2025, the Company had $7.2 million and $3.8 million, respectively, net of tax, of derivative gains on closed hedge instruments in AOCI that will be realized in earnings when the hedged items impact earnings.

The Company has commodity forward contracts to hedge forecasted purchases of commodities with maturities extending through September 2027. The notional amounts expressed in terms of the dollar value of the hedged item were as follows:

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| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Copper | $88.5 | $78.3 |

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The Company has currency forward contracts with maturities extending through September 2027. The notional amounts expressed in terms of the dollar value of the hedged currency were as follows:

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| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Euro | $830.1 | $753.9 |
| Chinese Renminbi | 460.3 | 586.4 |
| Mexican Peso | 400.9 | 375.4 |
| Canadian Dollar | 235.5 | 147.3 |
| Indian Rupee | 48.6 | 44.8 |
| Australian Dollar | 22.8 | 6.1 |
| British Pound | 16.8 | 16.9 |

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The Company entered into two receive variable/pay-fixed forward starting non-amortizing interest rate swaps in June 2020, with a total notional amount of $250.0 million, which were terminated in March 2022. The cash proceeds of $16.2 million received to settle the terminated swaps were recognized as a reduction of interest expense via the effective interest rate method through June 2025 when the balances under the related Term Facility were repaid. The Company entered into two additional receive variable/pay-fixed forward starting non-amortizing interest rate swaps in May 2022, with a total notional amount of $250.0 million and scheduled expiration in March 2027. These swaps were terminated on June 30, 2025 in connection with the repayment of the related Term Facility, resulting in cash proceeds and a recognized gain of $3.1 million, which was recorded in Interest Expense on the Condensed Consolidated Statements of Income.

Fair values of derivative instruments as of March 31, 2026 and December 31, 2025 were:

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| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| | **Prepaid Expenses and Other Current Assets** | **Other Noncurrent Assets** | **Other Accrued Expenses** | **Other Noncurrent Liabilities** |
| Designated as Hedging Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency Contracts | $5.0 | $0.2 | $2.1 | $0.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commodity Contracts | 7.1 |  | 1.3 | 0.3 |
| Not Designated as Hedging Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency Contracts | 5.2 |  | 11.0 |  |
| Total Derivatives | $17.3 | $0.2 | $14.4 | $0.8 |

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| | | | |
|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| | **Prepaid Expenses and Other Current Assets** | **Other Noncurrent Assets** | **Other Accrued Expenses** |
| Designated as Hedging Instruments: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency Contracts | $6.0 | $0.5 | $0.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commodity Contracts | 9.5 | 1.1 | 0.4 |
| Not Designated as Hedging Instruments: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency Contracts | 5.2 |  | 2.6 |
| Total Derivatives | $20.7 | $1.6 | $3.3 |

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**Derivatives Designated as Cash Flow Hedging Instruments:**

The effect of derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income (Loss) were:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** |
| | **Commodity Forwards** | **Currency Forwards** | **Total** | **Commodity Forwards** | **Currency Forwards** | **Interest Rate Swaps** | **Total** |
| (Loss) Gain Recognized in Other Comprehensive Income (Loss) | $(1.1) | $(0.2) | $(1.3) | $7.1 | $2.0 | $(2.2) | $6.9 |
| Amounts Reclassified from Other Comprehensive Income (Loss) Gain: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain (Loss) Recognized in Cost of Sales | 1.4 | 1.3 | 2.7 | (0.5) | (1.3) |  | (1.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain Recognized in Interest Expense |  |  |  |  |  | 1.2 | 1.2 |

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**Derivatives Not Designated as Cash Flow Hedging Instruments:**

The effect of derivative instruments not designated as cash flow hedges on the Condensed Consolidated Statements of Income were:

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| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| | **Currency Forwards** | **Currency Forwards** |
| (Loss) Gain recognized in Operating Expenses | $(6.0) | $5.4 |

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The AOCI balance related to hedging activities consists of a $13.3 million gain net of tax as of March 31, 2026 which includes $13.8 million of net current deferred gains expected to be reclassified to the Consolidated Statement of Comprehensive Income in the next twelve months. There were no gains or losses reclassified from AOCI to earnings based on the probability that the forecasted transaction would not occur.

The Company's commodity and currency derivative contracts are subject to master netting agreements with the respective counterparties which allow the Company to net settle transactions with a single net amount payable by one party to another party. The Company has elected to present the derivative assets and derivative liabilities on the Condensed Consolidated Balance Sheets on a gross basis as of March 31, 2026 and December 31, 2025.

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The following table presents on a net basis the derivative assets and liabilities that are subject to right of offset under enforceable master netting agreements:

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| | | | |
|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| | **Gross Amounts as Presented on the Condensed Consolidated Balance Sheet** | **Derivative Contract Amounts Subject to Right of Offset** | **Derivative Contracts as Presented on a Net Basis** |
| &nbsp;&nbsp;&nbsp;Assets | $17.5 | $(4.1) | $13.4 |
| &nbsp;&nbsp;&nbsp;Liabilities | 15.2 | (4.1) | 11.1 |

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| | | | |
|:---|:---|:---|:---|
| | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| | **Gross Amounts as Presented on the Condensed Consolidated Balance Sheet** | **Derivative Contract Amounts Subject to Right of Offset** | **Derivative Contracts as Presented on a Net Basis** |
| &nbsp;&nbsp;&nbsp;Assets | $22.3 | $(2.2) | $20.1 |
| &nbsp;&nbsp;&nbsp;Liabilities | 3.3 | (2.2) | 1.1 |

---

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**14. <u>FAIR VALUE</u>**

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The inputs used to measure fair value are classified into the following hierarchy:

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;Level 1 | Unadjusted quoted prices in active markets for identical assets or liabilities |
| &nbsp;&nbsp;&nbsp;&nbsp;Level 2 | Unadjusted quoted prices in active markets for similar assets or liabilities, or |
|  | Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or |
|  | Inputs other than quoted prices that are observable for the asset or liability |
| &nbsp;&nbsp;&nbsp;&nbsp;Level 3 | Unobservable inputs for the asset or liability |

---

The Company uses the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

The fair values of cash equivalents and short-term deposits approximate their carrying values as of March 31, 2026 and December 31, 2025, due to the short period of time to maturity and are classified using Level 1 inputs. The fair values of trade receivables and accounts payable approximate the carrying values due to the short period of time to maturity. See Note 7 - Debt and Bank Credit Facilities for disclosure of the approximate fair value of the Company's debt as of March 31, 2026 and December 31, 2025.

The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of March 31, 2026 and December 31, 2025:

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| | | | |
|:---|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** | **Classification** |
| **Assets:** | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid Expenses and Other Current Assets: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative Currency Contracts | $10.2 | $11.2 | Level 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative Commodity Contracts | 7.1 | 9.5 | Level 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Noncurrent Assets: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets Held in Rabbi Trust | 16.4 | 16.8 | Level 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative Currency Contracts | 0.2 | 0.5 | Level 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative Commodity Contracts |  | 1.1 | Level 2 |
| **Liabilities:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Accrued Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative Currency Contracts | 13.1 | 2.9 | Level 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative Commodity Contracts | 1.3 | 0.4 | Level 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Noncurrent Liabilities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative Currency Contracts | 0.5 |  | Level 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative Commodity Contracts | 0.3 |  | Level 2 |

---

Level 1 fair value measurements for assets held in a Rabbi Trust are unadjusted quoted prices.

Level 2 fair value measurements for derivative assets and liabilities are measured using quoted prices in active markets for similar assets and liabilities. Foreign currency forwards are valued based on exchange rates quoted by domestic and foreign banks for similar instruments. Commodity forwards are valued based on observable market transactions of forward commodity prices. Senior Notes are valued based on rates for instruments with comparable maturities and credit quality. See Note 7 - Debt and Bank Credit Facilities for further information.

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**15. <u>RESTRUCTURING ACTIVITIES</u>**

The Company incurred restructuring and restructuring-related costs on projects during the three months ended March 31, 2026 and March 31, 2025. The Company has initiated restructuring plans to achieve cost synergies from procurement, distribution efficiencies, footprint rationalization and other general cost savings measures. Restructuring costs include employee termination and plant relocation costs. Restructuring-related costs include costs directly associated with actions resulting from the Company's simplification initiatives, such as asset write-downs or accelerated depreciation due to shortened useful lives in connection with site closures, discretionary employment benefit costs and other facility rationalization costs. Restructuring costs for employee termination expenses are generally recognized when the severance liability is determined to be probable of being paid and reasonably estimable while plant relocation costs and related costs are generally required to be expensed as incurred.

The following table presents a reconciliation of provisions and payments for the restructuring projects for the three months ended March 31, 2026 and March 31, 2025:

---

| | | |
|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2025** |
| Beginning Balance | $8.7 | $16.3 |
| Provision<sup>(1)</sup> | 8.0 | 8.7 |
| Less: Payments | 7.5 | 9.1 |
| Ending Balance | $9.2 | $15.9 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Excludes equipment related write-offs and restructuring related depreciation adjustments

The following table is a reconciliation of expenses by type for restructuring projects for the three months ended March 31, 2026 and March 31, 2025:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** |
| Restructuring Costs: | **Cost of Sales** | **Operating Expenses** | **Total** | **Cost of Sales** | **Operating Expenses** | **Total** |
| &nbsp;&nbsp;&nbsp;Severance Expense | $4.8 | $1.8 | $6.6 | $2.9 | $3.7 | $6.6 |
| &nbsp;&nbsp;&nbsp;Facility Related Costs | 1.0 | 0.3 | 1.3 | 1.9 | 0.4 | 2.3 |
| &nbsp;&nbsp;&nbsp;Other Expenses | 0.4 |  | 0.4 | 0.6 | 0.3 | 0.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Restructuring Costs | $6.2 | $2.1 | $8.3 | $5.4 | $4.4 | $9.8 |

---

The following table shows the allocation of Restructuring Expenses by segment for the three months ended March 31, 2026 and March 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Restructuring Costs - Three Months Ended | **Automation & Motion Control** | **Industrial Powertrain Solutions** | **Power Efficiency Solutions** | **Total** |
| March 31, 2026 | $1.1 | $3.9 | $3.3 | $8.3 |
| March 31, 2025 | $0.6 | $8.8 | $0.4 | $9.8 |

---

The Company expects to record aggregate future charges related to restructuring of $22.9 million in the remainder of 2026. The Company continues to evaluate operating efficiencies and anticipates incurring additional costs in future periods in connection with these activities.

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**<u>ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</u>**

**(Dollars In Millions Except Per Share Data, Unless Otherwise Noted)**

**Overview**

Regal Rexnord Corporation (NYSE: RRX) ("we," "us," "our" or the "Company") and its associates around the world help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company's electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company's automation offering, comprised of controllers, drives, precision motors, and actuators, controls motion in applications ranging from factory automation to precision tools used in surgical applications. We are headquartered in Milwaukee, Wisconsin and have manufacturing, sales and service facilities worldwide.

Our Company is comprised of three operating segments: Automation & Motion Control ("AMC"), Industrial Powertrain Solutions ("IPS"), and Power Efficiency Solutions ("PES").

A description of our three operating segments is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The AMC segment designs, produces and services conveyor products, conveying automation subsystems, aerospace components, precision motion control solutions, high-efficiency miniature servo motors, controls, drives and linear actuators, as well as power management products that include automatic transfer switches, paralleling switchgear, and customized modular electric pod solutions ("E-Pods") that comprise relevant power and thermal management content. The segment sells into markets that include discrete factory automation, food and beverage, aerospace, general industrial, medical and data center.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The IPS segment designs, produces and services a broad portfolio of highly-engineered transmission products, including mounted and unmounted bearings, couplings, mechanical power transmission drives and components, gearboxes and gear motors, clutches, brakes, and industrial powertrain components and solutions. Increasingly, the segment produces industrial powertrain solutions, which are integrated sub-systems comprised of Regal Rexnord motors plus the critical power transmission components that efficiently transmit motion using power generated by the motor to various industrial applications. The segment serves a broad range of markets that include general industrial, metals and mining, energy, discrete automation and commercial HVAC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The PES segment designs and produces fractional to approximately 5 horsepower AC and DC motors, electronic variable speed controls, electronic drives, fans and blowers, as well as integrated air moving subsystems comprised of two or more of these components. The segment's products are used in residential and commercial HVAC, and in a wide range of general commercial applications.

*Components of Profit and Loss*

*<u>Net Sales</u>*. We sell our products to a variety of manufacturers, distributors and end users. Our customers consist of a large cross-section of businesses, ranging from Fortune 100 companies to small businesses. A number of our products are sold to Original Equipment Manufacturers ("OEMs"), who incorporate our products into products they manufacture, and many of our products are built to the requirements of our customers. The majority of our sales are derived from direct sales to customers by sales personnel employed by the Company; however, a significant portion of our sales are derived from sales made by manufacturer's representatives. Our product sales are made via purchase order, long-term contract, and, in some instances, one-time purchases. Many of our products have broad customer bases, with the levels of concentration of revenue varying from business unit to business unit.

Our level of net sales for any given period is dependent upon a number of factors, including (i) the demand for our products; (ii) the strength of the economy generally and the end markets in which we compete; (iii) our customers' perceptions of our product quality at any given time; (iv) our ability to meet customer demands in a timely manner; and (v) the selling price of our products. As a result, our total revenue has tended to experience quarterly variations and our total revenue for any particular quarter may not be indicative of future results.

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We use the term "organic sales" to refer to sales from existing operations excluding (i) sales from acquired businesses recorded prior to the first anniversary of an acquisition ("Acquisition Sales"), if any, (ii) sales attributable to any businesses divested/to be exited, and (iii) the impact of foreign currency translation. The impact of foreign currency translation is determined by translating the respective period's organic sales using the same currency exchange rates that were in effect during the prior year periods. We use the term "organic sales growth" to refer to the increase in our sales between periods that is attributable to organic sales. We use the term "acquisition growth" to refer to the increase in our sales between periods that is attributable to Acquisition Sales. Organic sales, organic sales growth and acquisition growth are non-GAAP financial measures. See reconciliation of these measures to GAAP net sales in the section entitled "Non-GAAP Measures" below.

*<u>Gross Profit</u>*. Our gross profit is impacted by our levels of net sales and cost of sales. Our cost of sales consists of costs for, among other things (i) raw materials, including copper, steel and aluminum; (ii) components such as castings, bars, tools, bearings and electronics; (iii) wages and related personnel expenses for fabrication, assembly and logistics personnel; (iv) manufacturing facilities, including depreciation on our manufacturing facilities and equipment, insurance and utilities; and (v) shipping. The majority of our cost of sales consists of raw materials and components. The price we pay for commodities and components can be subject to commodity price fluctuations. We attempt to mitigate portions of the commodity price fluctuations through fixed-price agreements with suppliers and our hedging strategies. When we experience commodity price increases, we have tended to announce price increases to our customers, with such increases generally taking effect a period of time after the public announcements. For those sales we make under long-term arrangements, we tend to include material price formulas that specify quarterly or semi-annual price adjustments based on a variety of factors, including commodity prices.

Outside of general economic cyclicality, our business units experience different levels of variation in sales from quarter to quarter based on factors specific to each business. For example, a portion of our PES segment manufactures products that are used in air conditioning applications. As a result, our sales for that business tend to be lower in the first and fourth quarters and higher in the second and third quarters. In contrast, our IPS and AMC segments each have a broad customer base and a variety of applications, thereby helping to mitigate large quarter-to-quarter fluctuations outside of general economic conditions.

*<u>Operating Expenses</u>*. Our operating expenses consist primarily of (i) general and administrative expenses; (ii) sales and marketing expenses; (iii) general engineering and research and development expenses; and (iv) handling costs incurred in conjunction with distribution activities. Personnel related costs are our largest operating expense.

Our general and administrative expenses consist primarily of costs for (i) salaries, benefits and other personnel expenses related to our executive, finance, human resource, information technology, legal and operations functions; (ii) occupancy expenses; (iii) technology related costs; (iv) depreciation and amortization; and (v) corporate-related travel. The majority of our general and administrative costs are for salaries and related personnel expenses. These costs can vary by business given the location of our different manufacturing operations.

Our sales and marketing expenses consist primarily of costs for (i) salaries, benefits and other personnel expenses related to our sales and marketing function; (ii) internal and external sales commissions and bonuses; (iii) travel, lodging and other out-of-pocket expenses associated with our selling efforts; and (iv) other related overhead.

Our general engineering and research and development expenses consist primarily of costs for (i) salaries, benefits and other personnel expenses; (ii) the design and development of new products and enhancements to existing products; (iii) quality assurance and testing; and (iv) other related overhead. Our research and development efforts tend to be targeted toward developing new products that would allow us to maintain or gain additional market share, whether in new or existing applications. In particular, a large driver of our research and development efforts is to raise the energy efficiency and lower the environmental impact of our products and sub-systems.

*<u>Income from Operations</u>*. Our income from operations consists of segment gross profit less segment operating expenses. In addition, there are shared operating costs that cover corporate, engineering and IT expenses that are consistently allocated to the operating segments and are included in segment operating expenses. Income from operations is a key metric used to measure year-over-year performance of the segments.

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*Recent Developments*

On April 22, 2026 we announced that Aamir Paul will succeed Louis V. Pinkham as the Company's Chief Executive Officer, effective no later than July 1, 2026, upon the conclusion of his responsibilities with his current employer. The Board of Directors (the "Board") has also determined that Mr. Paul will serve on the Board as a director, effective on the commencement of his employment with the Company and the resignation of Mr. Pinkham as a director, with an initial term continuing until the Company's 2027 annual meeting of shareholders. The Company had previously announced Mr. Pinkham's transition on October 29, 2025.

On February 20, 2026, the US Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act ("IEEPA") were not authorized by the statute. The Company is the importer of record for certain raw materials and products that were previously subject to such tariffs under IEEPA. Significant uncertainty remains regarding how and when any amounts may be recovered. We are evaluating the ruling and potential actions available to us. Because the process, timing, and amount of any recovery are uncertain, we have not recorded any potential benefit from a refund as of the date of this filing.

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**Results of Operations**

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| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **March 31, 2025** | **March 31, 2025** |
| | **Amount** | **Percent of Net Sales** | **Amount** | **Percent of Net Sales** |
| Net Sales: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Automation & Motion Control | $457.1 |  | $396.3 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial Powertrain Solutions | 648.2 |  | 612.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Power Efficiency Solutions | 373.8 |  | 409.1 |  |
| Consolidated | $1479.1 |  | $1418.1 |  |
| Gross Profit |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Automation & Motion Control | $161.8 | 35.4% | $158.1 | 39.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial Powertrain Solutions | 274.7 | 42.4% | 257.5 | 42.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Power Efficiency Solutions | 113.4 | 30.3% | 112.0 | 27.4% |
| Consolidated | $549.9 | 37.2% | $527.6 | 37.2% |
| Operating Expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Automation & Motion Control | $130.2 | 28.5% | $123.0 | 31.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial Powertrain Solutions | 195.5 | 30.2% | 175.8 | 28.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Power Efficiency Solutions | 71.5 | 19.1% | 69.1 | 16.9% |
| Consolidated | $397.2 | 26.9% | $367.9 | 25.9% |
| Income from Operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Automation & Motion Control | $31.6 | 6.9% | $35.1 | 8.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial Powertrain Solutions | 79.2 | 12.2% | 81.7 | 13.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Power Efficiency Solutions | 41.9 | 11.2% | 42.9 | 10.5% |
| Consolidated | 152.7 | 10.3% | 159.7 | 11.3% |
| Interest Expense | $80.5 |  | $90.2 |  |
| Interest Income | (4.6) |  | (4.2) |  |
| Other Expense, Net | 0.3 |  | 0.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Income before Taxes | 76.5 |  | 73.0 |  |
| Provision for Income Taxes | 12.2 |  | 15.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Income | 64.3 |  | 57.5 |  |
| Less: Net Income Attributable to Noncontrolling Interests |  |  | 0.2 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Income Attributable to Regal Rexnord Corporation | $64.3 |  | $57.3 |  |

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&nbsp;&nbsp;&nbsp;&nbsp;

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*<u>Three Months Ended March 31, 2026 Compared to March 31, 2025</u>*

Net sales for the first quarter 2026 were $1,479.1 million, an increase of $61.0 million, or 4.3%, compared to the first quarter of 2025. The increase consisted of an organic sales increase of 1.6% and a positive foreign currency translation impact of 2.7%. The increase in organic sales of $22.7 million was driven by a $48.0 million increase within AMC and a $16.9 million increase within IPS, partially offset by a $42.2 million decrease in organic sales within PES. Gross profit for the first quarter 2026 was $549.9 million, an increase of $22.3 million, or 4.2%, compared to the first quarter 2025, primarily due an increase of $17.2 million from the IPS segment. Total operating expenses for the first quarter 2026 were $397.2 million, an increase of $29.3 million, or 8.0%, as compared to the first quarter 2025, primarily due to an increase of $19.7 million from the IPS segment.

AMC net sales for the first quarter 2026 were $457.1 million, an increase of $60.8 million, or 15.3%, as compared to the first quarter 2025. The increase consisted of an organic sales increase of 12.1% and a positive foreign currency translation impact of 3.2%. The $48.0 million increase in organic sales reflects broad-based growth, but with particular strength in the data center and discrete automation markets, as well as signs of recovery in the food & beverage market. AMC gross profit and total operating expenses in for the first quarter of 2026 were relatively consistent with the first quarter of 2025.

IPS net sales for the first quarter 2026 were $648.2 million, an increase of $35.5 million, or 5.8%, as compared to the first quarter 2025. The increase primarily consisted of organic sales growth of 2.8% and a positive foreign currency translation impact of 3.1%. The $16.9 million increase in organic sales reflects broad-based growth, but with particular strength in the general industrial market. Gross profit for the first quarter of 2026 was $274.7 million, an increase of $17.2 million, or 6.7%, as compared to the first quarter of 2025. The increase was primarily driven by higher sales volumes, synergy benefits, and lower restructuring and related costs. Total operating expenses for the first quarter of 2026 were $195.5 million, an increase of $19.7 million, or 11.2% as compared to the first quarter of 2025. The increase was primarily driven by increased labor and benefit costs and a $6.0 million gain on the sale of assets in the first quarter of 2025.

PES net sales for the first quarter 2026 were $373.8 million, a decrease of $35.3 million, or 8.6%, as compared to the first quarter 2025. The decrease consisted of an organic sales decline of 10.3%, partially offset by a positive foreign currency translation impact of 1.7%. The $42.2 million decrease in organic sales primarily reflects expected weakness in the residential HVAC market, which was partially offset by growth in the commercial HVAC markets in North America and Asia Pacific. Gross profit and total operating expenses for the first quarter of 2026 were relatively consistent with the first quarter of 2025.

The effective tax rate for the three months ended March 31, 2026 was 15.9% versus 21.2% for the three months ended March 31, 2025. The decrease was primarily driven by a discrete tax benefit related to stock option exercises in the current year.

**Non-GAAP Measures** 

As noted above, we disclose organic sales and organic sales growth non-GAAP financial measures, and we reconcile these measures in the table below to GAAP net sales. We believe that these non-GAAP financial measures are useful measures for providing investors with additional information regarding our results of operations and for helping investors understand and compare our operating results across accounting periods and compared to our peers. This additional non-GAAP information is not meant to be considered in isolation or as a substitute for the Company's results of operations prepared and presented in accordance with GAAP.

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Automation & Motion Control** | **Industrial Powertrain Solutions** | **Power Efficiency Solutions** | **Total Regal Rexnord** |
| Net Sales for Three Months Ended March 31, 2026 | $457.1 | $648.2 | $373.8 | $1479.1 |
| Impact from Foreign Currency Exchange Rates | (12.8) | (19.2) | (6.9) | (38.9) |
| Organic Sales for Three Months Ended March 31, 2026 | $444.3 | $629.0 | $366.9 | $1440.2 |
| Net Sales for Three Months Ended March 31, 2025 | $396.3 | $612.7 | $409.1 | $1418.1 |
| Net Sales from Businesses Divested |  | (0.6) |  | (0.6) |
| Adjusted Net Sales Three Months Ended March 31, 2025 | $396.3 | $612.1 | $409.1 | $1417.5 |
| Three Months Ended Mar 31, 2026 Net Sales Growth % | 15.3% | 5.8% | (8.6)% | 4.3% |
| Three Months Ended Mar 31, 2026 Foreign Currency Impact % | 3.2% | 3.1% | 1.7% | 2.7% |
| Three Months Ended Mar 31, 2026 Divestitures % | —% | (0.1)% | —% | —% |
| Three Months Ended Mar 31, 2026 Organic Sales Growth % | 12.1% | 2.8% | (10.3)% | 1.6% |

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**Liquidity and Capital Resources**

*General*

Our principal source of liquidity is cash flow provided by operating activities. In addition to operating income, other significant factors affecting our cash flow include working capital levels, capital expenditures, dividends, share repurchases, acquisitions and divestitures, availability of debt financing and the ability to attract long-term capital at acceptable terms.

Cash flow provided by operating activities was $14.9 million for the three months ended March 31, 2026, a $87.4 million decrease from the three months ended March 31, 2025. This decrease was primarily driven by working capital changes, specifically accounts receivable.

Our working capital was $1,485.0 million as of March 31, 2026, compared to $1,448.0 million as of December 31, 2025, an increase of $37.0 million driven by increases in accounts receivables, inventory, and prepaid expenses and other current assets, partially offset by a decrease in cash and an increase in accounts payable.

Cash flow used in investing activities was $17.4 million for the three months ended March 31, 2026 as compared to cash flow used in investing activities of $3.5 million for the three months ended March 31, 2025. The increase was primarily driven by proceeds received from sales of property, plant and equipment in 2025.

In 2026, we anticipate capital spending for property, plant and equipment to be approximately $120.0 million. We believe that our present manufacturing facilities will be sufficient to provide adequate capacity for our operations for the remainder of 2026. We anticipate funding the remaining 2026 capital spending with operating cash flows.

Cash flow used in financing activities was $115.4 million for the three months ended March 31, 2026, compared to $192.5 million used in financing activities for the three months ended March 31, 2025. We made net debt repayments of $83.5 million during the three months ended March 31, 2026, compared to net debt repayments of $164.1 million during the three months ended March 31, 2025. The net debt repayments in the current year primarily reflected the repayment of $1,100.0 million of 2026 Senior Notes, partially offset by $850.0 million in proceeds from the 2025 Term Facility and $167.8 million of net borrowings made on the 2025 Revolving Facility during the three months ended March 31, 2026. The net debt repayments in the prior year primarily reflected payments of $185.0 million on the Term Facility, partially offset by $21.8 million of net borrowings made on the Multicurrency Revolving Facility during the three months ended March 31, 2025. There were $23.3 million of dividends paid for the three months ended March 31, 2026 and $23.2 million of dividends paid for the three months ended March 31, 2025.

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The following table presents selected financial information and statistics as of March 31, 2026 and December 31, 2025:

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| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Cash and Cash Equivalents | $401.0 | $521.7 |
| Trade Receivables, Net | 577.3 | 524.2 |
| Inventories | 1378.4 | 1321.7 |
| Accounts Payable | 627.5 | 607.3 |
| Working Capital | 1485.0 | 1448.0 |
| Current Ratio | 2.2:1 | 2.1:1 |

---

As of March 31, 2026, $393.6 million of our cash was held by foreign subsidiaries and could be used in our domestic operations if necessary. We anticipate being able to support our liquidity and operating needs largely through cash generated from operations. We regularly assess our cash needs and the available sources to fund these needs which includes repatriation of foreign earnings which may be subject to withholding taxes. Under current law, we do not expect restrictions or taxes on repatriation of cash held outside of the United States to have a material effect on our overall liquidity, financial condition or the results of operations for the foreseeable future. As of March 31, 2026, we have repatriated $85.6 million of foreign cash in 2026. We are continuing to evaluate opportunities to repatriate additional foreign cash in 2026.

We will, from time to time, maintain excess cash balances which may be used to (i) fund operations, (ii) repay outstanding debt, (iii) fund acquisitions, (iv) pay dividends, (v) make investments in new product development programs and enhancements to existing products, (vi) repurchase our common stock, or (vii) fund other corporate objectives and strategic plans.

The Company borrowed $850.0 million under the 2025 Term Facility on February 12, 2026 and used the proceeds to refinance $1,100.0 million of 2026 Senior Notes. As of March 31, 2026, the Company had $850.0 million outstanding under the 2025 Term Facility and $167.8 million of borrowings under the 2025 Revolving Facility, along with $1,332.2 million of available borrowing capacity. The Company pays a non-use fee on the aggregate unused amount of the 2025 Revolving Facility at a rate determined by reference to its consolidated funded debt to consolidated EBITDA ratio.

The Company plans to use cash generated from operations to fund its interest obligations and reduce the principal balance of its debt over time.

See Note 7 - Debt and Bank Credit Facilities of the Notes to the Condensed Consolidated Financial Statements for more information.

**Guarantor Information**

Regal Rexnord Corporation (the "Parent") is the issuer of the Senior Notes, which are guaranteed by each of its direct and indirect wholly-owned subsidiaries that is a borrower or guarantor under the 2025 Credit Agreement (the "Guarantor Subsidiaries" and, each, a "Guarantor Subsidiary"). The Senior Notes are jointly and severally unconditionally guaranteed on a senior unsecured basis by the Guarantor Subsidiaries. The guarantees are subject to release in limited circumstances upon the occurrence of certain customary conditions. For example, a Guarantor Subsidiary may be released from its guarantee of the Senior Notes under certain circumstances, including following the Parent achieving certain corporate or similar credit ratings. In addition, the guarantee of a Guarantor Subsidiary will automatically terminate under certain circumstances, including if such Guarantor Subsidiary is permanently released from its guarantee of, and is not a borrower under, the 2025 Credit Agreement.

If any of the Parent's subsidiaries that do not guarantee the Senior Notes (the "Non-Guarantor Subsidiaries") becomes insolvent, liquidates, reorganizes, dissolves or otherwise winds up, holders of its indebtedness and its trade creditors generally will be entitled to payment on their claims from the assets of such subsidiary before any of those assets would be made available to the Parent or any Guarantor Subsidiary. Consequently, the claims of holders of the Senior Notes are structurally subordinated to all of the existing and future liabilities, including trade payables, of the Non-Guarantor Subsidiaries.

The following tables set forth financial information attributable to the Parent and the Guarantor Subsidiaries (collectively, the "Obligor Group"). The financial information of the Obligor Group is presented on a combined basis, excluding intercompany balances and transactions between entities in the Obligor Group which have been eliminated. The financial information of the Obligor Group excludes equity investments in, and equity income or loss from, subsidiaries that are not in the Obligor Group. Material amounts due from, due to, and transactions with Non-Guarantor Subsidiaries which are included in the condensed financial information of the Obligor Group are presented with each table.

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The following table sets forth summarized balance sheet information of the Obligor Group as of March 31, 2026 and December 31, 2025:

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| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| Total Current Assets | 908.7 | 935.1 |
| &nbsp;&nbsp;Goodwill | 4258.8 | 4221.2 |
| &nbsp;&nbsp;Intangible Assets, Net of Amortization | 1992.2 | 1975.0 |
| &nbsp;&nbsp;Other Noncurrent Assets | 879.1 | 741.7 |
| Total Noncurrent Assets | 7130.1 | 6937.9 |
| Total Current Liabilities | 700.5 | 692.7 |
| &nbsp;&nbsp;Long-Term Debt | 4650.2 | 4732.0 |
| &nbsp;&nbsp;Other Noncurrent Liabilities | 3614.2 | 3462.5 |
| Total Noncurrent Liabilities | 8264.4 | 8194.5 |
| Due from Non-Guarantor Subsidiaries | 423.0 | 284.0 |
| Due to Non-Guarantor Subsidiaries | 3118.6 | 2952.4 |

---

The following table sets forth summarized income statement information of the Obligor Group for the three months ended March 31, 2026:

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| | |
|:---|:---|
| | **March 31, 2026** |
| Net Sales | 782.3 |
| Gross Profit | 291.8 |
| Income from Operations | 29.9 |
| Interest Expense | 75.8 |
| Net Loss | (62.0) |
| Net Loss Attributable to Regal Rexnord Corporation | (62.0) |
| Net Sales to Non-Guarantor Subsidiaries | 58.5 |
| Interest Expense Due to Non-Guarantors | 30.3 |

---

**Critical Accounting Estimates**

Our critical accounting policies and estimates, which are discussed in our Annual Report on Form 10-K for the year ended December 31, 2025, have not materially changed since that report was filed.

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**<u>ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</u>**

We are exposed to market risk relating to our operations due to changes in interest rates, foreign currency exchange rates and commodity prices of purchased raw materials. We manage the exposure to these risks through a combination of normal operating and financing activities and derivative financial instruments such as interest rate swaps, commodity cash flow hedges and foreign currency forward exchange contracts. All hedging transactions are authorized and executed pursuant to clearly defined policies and procedures, which prohibit the use of financial instruments for speculative purposes.

Generally, hedges are recorded on the balance sheet at fair value and are accounted for as cash flow hedges, with changes in fair value recorded in Accumulated Other Comprehensive Income (Loss) ("AOCI") in each accounting period. An ineffective portion of the hedges' change in fair value, if any, is recorded in earnings in the period of change.

*<u>Interest Rate Risk</u>*

We are exposed to interest rate risk on certain of our outstanding debt obligations used to finance our operations and acquisitions. Loans under the 2025 Credit Agreement bear interest at variable rates plus a margin, based on our consolidated net leverage ratio. As of March 31, 2026, we had $3,718.4 million of fixed rate debt and $1,017.8 million of variable rate debt. Interest rate swaps have been utilized in prior years to manage interest rate risk associated with the Company's floating rate borrowings. There were no outstanding interest rate swaps as of December 31, 2025.

We entered into two forward starting pay fixed/receive floating non-amortizing interest rate swaps in June 2020, with a total notional amount of $250.0 million. These swaps were terminated in March 2022. The cash proceeds of $16.2 million received to settle the terminated swaps were recognized as a reduction to interest expense via the effective interest rate method through June 2025 when the related Term Facility was repaid. We entered into two additional forward starting pay fixed/receive floating non-amortizing interest rate swaps in May 2022, with a total notional amount of $250.0 million and scheduled expiration in March 2027. Upon inception, the swaps were designated as cash flow hedges against forecasted interest payments with gains and losses, net of tax, measured on an ongoing basis, recorded in AOCI. These swaps were terminated on June 30, 2025 in connection with the repayment of the related Term Facility, resulting in cash proceeds and recognized gain of $3.1 million. The gain was recorded in Interest Expense on the Condensed Consolidated Statement of Income.

*<u>Foreign Currency Risk</u>*

We are exposed to foreign currency risks that arise from normal business operations. These risks include the translation of local currency balances of foreign subsidiaries, intercompany loans with foreign subsidiaries and transactions denominated in foreign currencies. Our objective is to minimize our exposure to these risks through a combination of normal operating activities and the utilization of foreign currency exchange contracts to manage our exposure on the forecasted transactions denominated in currencies other than the applicable functional currency. Contracts are executed with credit worthy banks and are denominated in currencies of major industrial countries. We do not hedge our exposure to the translation of reported results of foreign subsidiaries from local currency to United States dollars.

As of March 31, 2026, derivative currency assets (liabilities) of $10.2 million, $0.2 million, $(13.1) million and $(0.5) million are recorded in Prepaid Expenses and Other Current Assets, Other Noncurrent Assets, Other Accrued Expenses, and Other Noncurrent Liabilities, respectively. As of December 31, 2025, derivative currency assets (liabilities) of $11.2 million, $0.5 million, and $(2.9) million, are recorded in Prepaid Expenses and Other Current Assets, Other Noncurrent Assets and Other Accrued Expenses, respectively. The unrealized gain on the effective portions of the hedges of $1.9 million, net of tax, and unrealized gain of $4.7 million, net of tax, as of March 31, 2026 and December 31, 2025, respectively, are recorded in AOCI. We had gains of $4.0 million and $2.3 million, net of tax, as of March 31, 2026 and December 31, 2025, respectively, related to currency gains on closed hedge instruments in AOCI that will be realized in earnings when the hedged items impact earnings.

------

The following table quantifies the outstanding foreign exchange contracts intended to hedge non-US dollar denominated receivables and payables and the corresponding impact on the value of these instruments assuming a hypothetical 10% appreciation/depreciation of their counter currency on March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | | **Gain (Loss) From** | **Gain (Loss) From** |
|<br>**Currency** |<br>**Notional Amount** |<br>**Fair Value** | **10% Appreciation of Counter Currency** | **10% Depreciation of Counter Currency** |
| Euro | $830.1 | $(7.7) | $83.0 | $(83.0) |
| Chinese Renminbi | 460.3 | 2.6 | 46.0 | (46.0) |
| Mexican Peso | 400.9 | 5.9 | 40.1 | (40.1) |
| Canadian Dollar | 235.5 | (1.4) | 23.6 | (23.6) |
| Indian Rupee | 48.6 | (2.3) | 4.9 | (4.9) |
| Australian Dollar | 22.8 | (0.3) | 2.3 | (2.3) |
| British Pound | 16.8 |  | 1.7 | (1.7) |

---

Gains and losses indicated in the sensitivity analysis would be offset by gains and losses on the underlying forecasted non-US dollar denominated cash flows.

*<u>Commodity Price Risk</u>*

We periodically enter into commodity hedging transactions to reduce the impact of changing prices for certain commodities such as copper and aluminum based upon forecasted purchases of such commodities. The contract terms of commodity hedge instruments generally mirror those of the hedged item, providing a high degree of risk reduction and correlation.

Derivative commodity assets (liabilities) of $7.1 million, $1.3 million, and $(0.3) million were recorded in Prepaid Expenses and Other Current Assets, Other Accrued Expenses, and Other Noncurrent Liabilities, respectively as of March 31, 2026. Derivative commodity assets (liabilities) of $9.5 million, $1.1 million, and $(0.4) million are recorded in Prepaid Expenses and Other Current Assets, Other Noncurrent Assets, and Other Accrued Expenses, respectively as of December 31, 2025. The unrealized gain on the effective portion of the hedges of $4.2 million net of tax and the unrealized gain on the effective portion of the hedges of $7.8 million net of tax, as of March 31, 2026 and December 31, 2025, respectively, was recorded in AOCI. As of March 31, 2026 and December 31, 2025, we had $3.2 million, net of tax, derivative commodity gains and $1.5 million, net of tax, derivative commodity gains on closed hedge instruments in AOCI that will be realized in earnings when the hedged items impact earnings.

The following table quantifies the outstanding commodity contracts intended to hedge raw material commodity prices and the corresponding impact on the value of these instruments assuming a hypothetical 10% appreciation/depreciation of their prices on March 31, 2026:

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| | | | | |
|:---|:---|:---|:---|:---|
| | | | **Gain (Loss) From** | **Gain (Loss) From** |
|<br>**Commodity** |<br>**Notional Amount** |<br>**Fair Value** | **10% Appreciation of Commodity Prices** | **10% Depreciation of Commodity Prices** |
| Copper | $88.5 | $5.5 | $8.9 | $(8.9) |

---

Gains and losses indicated in the sensitivity analysis would be offset by the actual prices of the commodities.

The net AOCI hedging component balance consists of $13.3 million of gains as of March 31, 2026 which includes $13.8 million of net current deferred gains that are expected to be realized in the next twelve months. The gain/loss reclassified from AOCI into earnings on such derivatives will be recognized in the same period in which the related item affects earnings.

*<u>Counterparty Risk</u>*

We are exposed to credit losses in the event of non-performance by the counterparties to various financial agreements, including our foreign currency exchange contracts and commodity hedging transactions. We manage exposure to counterparty credit risk by limiting our counterparties to major international banks and financial institutions meeting established credit guidelines and continually monitoring their compliance with the credit guidelines. We do not obtain collateral or other security to support financial instruments subject to credit risk. We do not anticipate non-performance by our counterparties but cannot provide assurances.

------

**<u>ITEM 4. CONTROLS AND PROCEDURES</u>**

**Disclosure Controls and Procedures**

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")) as of the end of the period covered by this report. Based on such evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of such period, our disclosure controls and procedures were effective to ensure that (a) information required to be disclosed in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission, and (b) information required to be disclosed by us in the reports we file or submit under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and our Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

**Internal Control Over Financial Reporting**

During the quarter ended March 31, 2026, we implemented a new global consolidation system to support the financial statement close and consolidation process. We updated our internal controls to reflect changes to the financial reporting business processes impacted by the implementation. Except for updates related to the implementation of our new global consolidation system, there were no changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the quarter to which this report relates that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

**PART II—OTHER INFORMATION**

**<u>ITEM 1. LEGAL PROCEEDINGS</u>**

There have been no material changes in the legal matters described in Part I, Item 3 in our Annual Report on Form 10-K for the year ended December 31, 2025, which is incorporated herein by reference. See also Note 12 - Contingencies for more information.

**<u>ITEM 1A. RISK FACTORS</u>**

Our business and financial results are subject to numerous risks and uncertainties. These risks and uncertainties have not changed materially from those reported in Part I, Item 1A - Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2025, which is incorporated herein by reference. For additional information regarding risks and uncertainties facing the Company, please also see the information provided under the header "Cautionary Statement" contained in this Quarterly Report on Form 10-Q.

**<u>ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS</u>**

During the quarter ended March 31, 2026, we did not acquire any shares in connection with transactions pursuant to equity incentive plans. Under our equity incentive plans, participants may pay the exercise price or satisfy all or a portion of the federal, state and local withholding tax obligations arising in connection with plan awards by electing to (a) have the Company withhold shares of common stock otherwise issuable under the award, (b) tender back shares received in connection with such award or (c) deliver other previously owned shares of common stock, in each case having a value equal to the exercise price or the amount to be withheld.

At a meeting of the Board of Directors on October 26, 2021, the Company's Board of Directors approved the authorization to purchase up to $500.0 million of shares under the Company's share repurchase program. The authorization has no expiration date. There were no repurchases of common stock during the current quarter. The maximum value of shares of our common stock remaining available to be purchased as of March 31, 2026 is $145.0 million.

**<u>ITEM 5. OTHER INFORMATION</u>**

None.

------

**<u>ITEM 6. EXHIBITS</u>**

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| | |
|:---|:---|
| **<u>Exhibit Number</u>** | **<u>Exhibit Description</u>** |
| 3.1 | <u>[Amended and Restated Articles of Incorporation of Regal Rexnord Corporation, effective July 24, 2024. \[Incorporated by reference to Exhibit 3.1 to Regal Rexnord Corporation's Form 8-K, filed on July 30, 2024\]](https://www.sec.gov/Archives/edgar/data/82811/000008281124000156/regalrexnordcorporation-am.htm)</u> |
| 3.2 | <u>[Amended and Restated Bylaws of Regal Rexnord Corporation, effective July 22, 2025. \[Incorporated by reference to Exhibit 3.1 to Regal Rexnord Corporation's Form 8-K filed on July 25, 2025\]](https://www.sec.gov/Archives/edgar/data/82811/000008281125000192/rrxbylaws-july 222025.htm)</u> |
| 22 | <u>[List of Guarantor Subsidiaries of Guaranteed Securities.](exhibit22-listofguarantors.htm)</u> |
| 31.1 | <u>[Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.](rrx-2026331xex311.htm)</u> |
| 31.2 | <u>[Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.](rrx-2026331xex312.htm)</u> |
| 32.1 | <u>[Certifications of the Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350.](rrx-2026331xex321.htm)</u> |
| 101.INS | XBRL Instance Document - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document. |
| 101.SCH | XBRL Taxonomy Extension Schema Document |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (formatted as iXBRL and contained in Exhibit 101). |

---

------

**<u>SIGNATURES</u>**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | |
|:---|:---|
| | REGAL REXNORD CORPORATION |
| By: | /s/ Robert J. Rehard |
|  | Robert J. Rehard<br>Executive Vice President and Chief Financial Officer<br>(Principal Financial Officer) |
| Date: May 7, 2026 |  |

---

---

| | |
|:---|:---|
| | REGAL REXNORD CORPORATION |
| By: | /s/ Alexander P. Scarpelli |
|  | Alexander P. Scarpelli<br>Senior Vice President and Chief Accounting Officer<br>(Principal Accounting Officer) |
| Date: May 7, 2026 |  |

---

## Ex-22

**List of Guarantor Subsidiaries**

The following series of senior unsecured debt securities issued by Regal Rexnord Corporation are jointly and severally unconditionally guaranteed on a senior unsecured basis by certain of its direct and indirect wholly-owned subsidiaries (the "Guarantor Subsidiaries"):

**Description**

6.05% senior notes due 2026 (the "2026 Senior Notes")

6.05% senior notes due 2028 (the "2028 Senior Notes")

6.30% senior notes due 2030 (the "2030 Senior Notes")

6.40% senior notes due 2033 (the "2033 Senior Notes")

---

| | |
|:---|:---|
| **Guarantor Subsidiary** | **State of Incorporation** |
| Regal Beloit America, Inc. | Wisconsin |
| Rexnord Industries, LLC | Delaware |
| Land Newco, Inc. | Delaware |
| Altra Industrial Motion Corp. | Delaware |
| American Precision Industries Inc. | Delaware |
| Ameridrives International, LLC | Delaware |
| AS Motion North America Inc. | Delaware |
| Boston Gear LLC | Delaware |
| Formsprag LLC | Delaware |
| Guardian Couplings LLC | Delaware |
| Inertia Dynamics, LLC | Delaware |
| Kilian Manufacturing Corporation | Delaware |
| Kollmorgen Corporation | New York |
| Nook Industries, LLC | Nevada |
| PacSci Motion Control, Inc. | Massachusetts |
| TB Wood's Corporation | Delaware |
| TB Wood's Incorporated | Pennsylvania |
| Thomson Industries, Inc. | Delaware |
| Thomson Linear LLC | Delaware |
| Warner Electric LLC | Delaware |

---

## Exhibit 31.1

**<u>EXHIBIT 31.1</u>**

**CERTIFICATIONS**

I, Louis V. Pinkham, certify that:

1 I have reviewed this quarterly report on Form 10-Q of Regal Rexnord Corporation;

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| | |
|:---|:---|
| 2 | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |

---

---

| | |
|:---|:---|
| 3 | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |

---

---

| | |
|:---|:---|
| 4 | The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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| | |
|:---|:---|
| 5 | The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| |
|:---|
| <u>/s/ Louis V. Pinkham</u> |
| Louis V. Pinkham<br>Chief Executive Officer |

---

Date: May 7, 2026

## Exhibit 31.2

**<u>EXHIBIT 31.2</u>**

**CERTIFICATIONS**

I, Robert J. Rehard, certify that:

1 I have reviewed this quarterly report on Form 10-Q of Regal Rexnord Corporation;

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| | |
|:---|:---|
| 2 | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |

---

---

| | |
|:---|:---|
| 3 | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |

---

---

| | |
|:---|:---|
| 4 | The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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| | |
|:---|:---|
| 5 | The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

---

| |
|:---|
| <u>/s/ Robert J. Rehard</u> |
| Robert J. Rehard<br>Executive Vice President<br>Chief Financial Officer<br>(Principal Financial Officer) |

---

Date: May 7, 2026

## Exhibit 32.1

**<u>EXHIBIT 32.1</u>**

**CERTIFICATIONS of the**

**Chief Executive Officer and Chief Financial Officer**

**Pursuant to 18 U.S.C. Section 1350**

Solely for the purposes of complying with 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, we, the undersigned Chief Executive Officer and Chief Financial Officer of Regal Rexnord Corporation (the "Company"), hereby certify, based on our knowledge, that the Quarterly Report on Form 10-Q of the Company for the three months ended March 31, 2026 (the "Report") fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

---

| |
|:---|
| <u>/s/ Louis V. Pinkham</u> |
| Louis V. Pinkham |
| Chief Executive Officer |

---

---

| |
|:---|
| <u>/s/ Robert J. Rehard</u> |
| Robert J. Rehard |
| Executive Vice President<br>Chief Financial Officer<br>(Principal Financial Officer) |

---

Date: May 7, 2026

<br>