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Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information
Note 4 - Segment Information
The Company operates under two reportable segments: (1) Engineered Bearings and (2) Industrial Motion. The Company's Chief Operating Decision Maker ("CODM") is the President and Chief Executive Officer ("CEO"). The primary measurement used by the CODM to measure the financial performance of each segment is adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA"). The CODM considers actual and budgeted results provided on a regular basis for both segment's profit measures when making decisions about allocating capital and personnel to the segments.
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 BearingsIndustrial MotionTotal
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 income2.5 
Income before income taxes$57.9 

For the six months ended June 30, 2026:
Engineered BearingsIndustrial MotionTotal
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 income4.2 
Income before income taxes$200.8 
Note 4 - Segment Information (continued)
For the three months ended June 30, 2025:
Engineered BearingsIndustrial MotionTotal
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 assets0.1 
CEO transition expenses(3.2)
Depreciation and amortization(57.2)
Interest expense(29.8)
Interest income3.0 
Income before income taxes$116.4 
For the six months ended June 30, 2025:
Engineered BearingsIndustrial MotionTotal
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 assets1.3 
CEO transition expenses(11.8)
Depreciation and amortization(112.3)
Interest expense(56.3)
Interest income5.3 
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 Motion2,927.3 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,
2026202520262025
Capital expenditures:
Engineered Bearings$18.3 $21.3 $48.5 $46.2 
Industrial Motion7.9 11.8 16.0 22.0 
Corporate0.4 — 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 Motion30.6 29.5 61.1 57.8 
Corporate0.4 0.2 0.8 0.4 
$59.7 $57.2 $118.6 $112.3