The following tables provide segment financial information and a reconciliation of segment results to consolidated results: For the three months ended June 30, 2026: | | | | | | | | | | | | | Engineered Bearings | Industrial Motion | Total | | Net sales | $ | 807.0 | | $ | 453.9 | | $ | 1,260.9 | | Cost of products sold (1) | (561.8) | | (284.7) | | | Selling, general and administrative expenses (2) | (109.7) | | (76.5) | | | Other segment items (3) | 1.1 | | (0.1) | | | Depreciation and amortization (4) | 24.7 | | 13.0 | | | | Adjusted EBITDA for reportable segments | $ | 161.3 | | $ | 105.6 | | $ | 266.9 | | | | | | | Unallocated corporate expense | | | (19.7) | | | Impairment, restructuring and reorganization charges | | | (8.1) | | | | | | | Acquisition-related charges | | | (3.4) | | | | | | | | | | | | | | | | | | | | | | | Belts impairment, restructuring and reorganization charges | | | (94.4) | | | Depreciation and amortization | | | (59.7) | | | Interest expense | | | (26.2) | | | Interest income | | | 2.5 | | | Income before income taxes | | | $ | 57.9 | |
For the six months ended June 30, 2026: | | | | | | | | | | | | | Engineered Bearings | Industrial Motion | Total | | Net sales | $ | 1,613.2 | | $ | 879.0 | | $ | 2,492.2 | | Cost of products sold (1) | (1,124.0) | | (558.6) | | | Selling, general and administrative expenses (2) | (220.4) | | (149.1) | | | Other segment items (3) | 1.8 | | (0.2) | | | Depreciation and amortization (4) | 49.7 | | 25.8 | | | | Adjusted EBITDA for reportable segments | $ | 320.3 | | $ | 196.9 | | $ | 517.2 | | | | | | | Unallocated corporate expense | | | (39.0) | | | Impairment, restructuring and reorganization charges | | | (12.9) | | | | | | | Acquisition-related charges | | | (5.2) | | | | | | | | | | | Belts impairment, restructuring and reorganization charges | | | (94.4) | | | | | | | | | | | | | | | Depreciation and amortization | | | (118.6) | | | Interest expense | | | (50.5) | | | Interest income | | | 4.2 | | | Income before income taxes | | | $ | 200.8 | | | | | |
For the three months ended June 30, 2025: | | | | | | | | | | | | | Engineered Bearings | Industrial Motion | Total | | Net sales | $ | 777.4 | | $ | 396.0 | | $ | 1,173.4 | | Cost of products sold (1) | (546.0) | | (265.1) | | | Selling, general and administrative expenses (2) | (103.2) | | (70.8) | | | Other segment items (3) | 0.8 | | — | | | Depreciation and amortization (4) | 24.4 | | 12.5 | | | | Adjusted EBITDA for reportable segments | $ | 153.4 | | $ | 72.6 | | $ | 226.0 | | | | | | | Unallocated corporate expense | | | (17.8) | | | Impairment, restructuring and reorganization charges | | | (4.7) | | | | | | | | | | | | | | | | | | | | | | | Gain on the sale of certain assets | | | 0.1 | | | CEO transition expenses | | | (3.2) | | | | | | | Depreciation and amortization | | | (57.2) | | | Interest expense | | | (29.8) | | | Interest income | | | 3.0 | | | Income before income taxes | | | $ | 116.4 | |
For the six months ended June 30, 2025: | | | | | | | | | | | | | | | | | Engineered Bearings | Industrial Motion | Total | | Net sales | $ | 1,538.1 | | $ | 775.6 | | $ | 2,313.7 | | Cost of products sold (1) | (1,069.3) | | (521.7) | | | Selling, general and administrative expenses (2) | (205.7) | | (138.8) | | | Other segment items (3) | 1.5 | | — | | | Depreciation and amortization (4) | 48.0 | | 24.6 | | | | Adjusted EBITDA for reportable segments | $ | 312.6 | | $ | 139.7 | | $ | 452.3 | | | | | | | Unallocated corporate expense | | | (36.0) | | | Impairment, restructuring and reorganization charges | | | (7.8) | | | | | | | | | | | | | | | Gain on the sale of certain assets | | | 1.3 | | | CEO transition expenses | | | (11.8) | | | | | | | Depreciation and amortization | | | (112.3) | | | Interest expense | | | (56.3) | | | Interest income | | | 5.3 | | | Income before income taxes | | | $ | 234.7 | |
(1) Cost of products sold excludes acquisition-related and reorganization charges. (2) Selling, general, and administrative expenses exclude acquisition-related charges and CEO transition expenses. (3) Other segment items are Other (expense) income, net and exclude the gain on the sale of certain assets. (4) Depreciation and amortization excludes acquisition intangible amortization and depreciation recognized in reorganization charges, if any. Note 4 - Segment Information (continued) The following tables provide additional segment financial information: | | | | | | | | | | | | | June 30,
2026 | | December 31, 2025 | | Assets by Segment: | | | | | Engineered Bearings | $ | 3,440.8 | | | $ | 3,293.5 | | | Industrial Motion | 2,927.3 | | | 2,962.8 | | Corporate (5) | 457.5 | | | 420.5 | | | $ | 6,825.6 | | | $ | 6,676.8 | |
(5) Corporate assets include cash and cash equivalents and corporate buildings.
| | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | Six Months Ended
June 30, | | 2026 | | 2025 | 2026 | | 2025 | | Capital expenditures: | | | | | | | | Engineered Bearings | $ | 18.3 | | | $ | 21.3 | | $ | 48.5 | | | $ | 46.2 | | | Industrial Motion | 7.9 | | | 11.8 | | 16.0 | | | 22.0 | | | Corporate | 0.4 | | | — | | 0.9 | | | 0.1 | | | $ | 26.6 | | | $ | 33.1 | | $ | 65.4 | | | $ | 68.3 | | | Depreciation and amortization: | | | | | | | | Engineered Bearings | $ | 28.7 | | | $ | 27.5 | | $ | 56.7 | | | $ | 54.1 | | | Industrial Motion | 30.6 | | | 29.5 | | 61.1 | | | 57.8 | | | Corporate | 0.4 | | | 0.2 | | 0.8 | | | 0.4 | | | $ | 59.7 | | | $ | 57.2 | | $ | 118.6 | | | $ | 112.3 | |
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