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Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Wise Financial Performance

The following tables provide segment financial information and a reconciliation of segment results to consolidated results:

For the three months ended September 30, 2025:

			Engineered Bearings			Industrial Motion			Total
Net sales			$	765.8		$	391.3		$	1,157.1
Cost of products sold (1)			(542.9)			(263.5)
Selling, general and administrative expenses (2)			(104.0)			(65.8)
Other segment items (3)			0.2			(0.2)
Depreciation and amortization (4)			25.1			12.7
Adjusted EBITDA for reportable segments			$	144.2		$	74.5		$	218.7
Unallocated corporate expense									(17.0)
Impairment, restructuring and reorganization charges									(4.5)
Gain on the sale of certain assets									0.5
CEO transition expenses									(6.7)
Depreciation and amortization									(58.6)
Interest expense									(27.3)
Interest income									2.4
Income before income taxes									$	107.5

For the nine months ended September 30, 2025:

			Engineered Bearings			Industrial Motion			Total
Net sales			$	2,303.9		$	1,166.9		$	3,470.8
Cost of products sold (1)			(1,612.2)			(785.2)
Selling, general and administrative expenses (2)			(309.7)			(204.6)
Other segment items (3)			1.7			(0.2)
Depreciation and amortization (4)			73.1			37.3
Adjusted EBITDA for reportable segments			$	456.8		$	214.2		$	671.0
Unallocated corporate expense									(53.0)
Impairment, restructuring and reorganization charges									(12.3)
Gain on the sale of certain assets									1.8
CEO transition expenses									(18.5)
Depreciation and amortization									(170.9)
Interest expense									(83.6)
Interest income									7.7
Income before income taxes									$	342.2

For the three months ended September 30, 2024:

			Engineered Bearings			Industrial Motion			Total
Net sales			$	740.7		$	386.1		$	1,126.8
Cost of products sold (1)			(526.0)			(253.7)
Selling, general and administrative expenses (2)			(103.0)			(69.0)
Other segment items (3)			2.1			(0.3)
Depreciation and amortization (4)			24.6			11.1
Adjusted EBITDA for reportable segments			$	138.4		$	74.2		$	212.6
Unallocated corporate expense									(22.6)
Impairment, restructuring and reorganization charges									(3.1)
Acquisition-related charges									(3.1)
Gain on the sale of certain assets									13.8
CEO transition expenses									(1.5)
Property losses and related expenses									(0.9)
Depreciation and amortization									(56.1)
Interest expense									(30.3)
Interest income									3.4
Income before income taxes									$	112.2

For the nine months ended September 30, 2024:

			Engineered Bearings			Industrial Motion			Total
Net sales			$	2,326.6		$	1,172.8		$	3,499.4
Cost of products sold (1)			(1,604.9)			(765.2)
Selling, general and administrative expenses (2)			(314.4)			(204.0)
Other segment items (3)			6.5			(0.3)
Depreciation and amortization (4)			72.2			32.7
Adjusted EBITDA for reportable segments			$	486.0		$	236.0		$	722.0
Unallocated corporate expense									(55.4)
Impairment, restructuring and reorganization charges									(11.9)
Acquisition-related charges									(10.8)
Gain on the sale of certain assets									14.7
CEO transition expenses									(2.7)
Property losses and related expenses									(1.1)
Depreciation and amortization									(165.6)
Interest expense									(97.1)
Interest income									11.3
Income before income taxes									$	403.4

(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 3 - Segment Information (continued)

The following tables provides additional segment financial information:

			September 30, 2025						December 31, 2024
Assets by Segment:
Engineered Bearings			$	3,284.2					$	3,126.1
Industrial Motion			3,014.9						2,822.6
Corporate (5)			502.8						462.3
			$	6,801.9					$	6,411.0

(5) Corporate assets include cash and cash equivalents and corporate buildings.

			Three Months Ended September 30,									Nine Months Ended September 30,
			2025						2024			2025						2024
Capital expenditures:
Engineered Bearings			$	26.3					$	27.5		$	72.5					$	90.8
Industrial Motion			10.7						7.3			32.7						25.1
Corporate			0.3						0.2			0.4						0.5
			$	37.3					$	35.0		$	105.6					$	116.4
Depreciation and amortization:
Engineered Bearings			$	28.4					$	27.5		$	82.5					$	81.0
Industrial Motion			30.0						28.2			87.8						83.5
Corporate			0.2						0.4			0.6						1.1
			$	58.6					$	56.1		$	170.9					$	165.6

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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