Regal Rexnord reports $1.5 billion revenue for Q3 2025

Cover page 2 changes

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☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended June September 30, 2025 or

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On August 1, October 27, 2025 the registrant had outstanding 66,374,193 66,389,673 shares of common stock, $0.01 par value per share.

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Exhibits 1 change

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• 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, the acquisition of Altra Industrial Motion Corp. in 2023 (the "Altra Transaction"), and the merger with the Rexnord Process & Motion Control business in 2021 (the "Rexnord PMC business") within the expected time-frames or at all and to successfully integrate Altra Industrial Motion Corp. ("Altra") and the Rexnord PMC business;

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Financial statements 185 changes

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June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

Net Sales $ 1,496.1 $ 1,547.6 $ 2,914.2 $ 3,095.3

Cost of Sales 931.4 976.6 1,821.9 1,971.2

Gross Profit 564.7 571.0 1,092.3 1,124.1

Operating Expenses 382.4 394.3 750.3 792.0

Total Operating Expenses 382.4 377.1 750.3 796.3

Income from Operations 182.3 193.9 342.0 327.8

Interest Expense 85.3 101.7 175.5 207.1

Interest Income ( 5.1 ) ( 5.0 ) ( 9.3 ) ( 8.1 )

Other Expense, Net 0.9 0.3 1.6 0.6

Income before Taxes 101.2 96.9 174.2 128.2

Provision for Income Taxes 21.6 33.9 37.1 44.8

Net Income 79.6 63.0 137.1 83.4

Three Months Ended Six Nine Months Ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Net Sales $ 1,497.0 $ 1,477.4 $ 4,411.2 $ 4,572.7

Cost of Sales 942.8 921.1 2,764.7 2,892.3

Gross Profit 554.2 556.3 1,646.5 1,680.4

Operating Expenses 379.8 382.2 1,130.2 1,174.2

(Gain) Loss on Sale of Businesses — ( 17.2 — — 4.3

Total Operating Expenses 379.8 382.2 1,130.2 1,178.5

Income from Operations 174.4 174.1 516.3 501.9

Interest Expense 87.0 98.0 262.5 305.1

Interest Income ( 5.3 ) ( 5.1 ) ( 14.6 ) ( 13.2 )

Other Expense (Income), Net 0.8 ( 0.2 ) 2.4 0.4

Income before Taxes 91.9 81.4 266.0 209.6

Provision for Income Taxes 11.9 8.4 49.0 53.2

Net Income 80.0 73.0 217.0 156.4

Less: Net Income Attributable to Noncontrolling Interests 0.4 0.5 0.6 0.3 1.1 1.4

Net Income Attributable to Regal Rexnord Corporation $ 79.2 79.6 $ 62.5 72.7 $ 136.5 215.9 $ 82.3 155.0

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Basic $ 1.19 $ 0.94 $ 2.06 $ 1.24

Assuming Dilution $ 1.19 $ 0.94 $ 2.05 $ 1.23

Basic $ 1.20 $ 1.09 $ 3.26 $ 2.33

Assuming Dilution $ 1.20 $ 1.09 $ 3.25 $ 2.32

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Basic 66.3 66.5 66.4 66.4 66.3 66.5 66.4

Assuming Dilution 66.5 66.8 66.6 66.7 66.5 66.8

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June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

Net Income $ 79.6 $ 63.0 $ 137.1 $ 83.4

Three Months Ended Six Nine Months Ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Net Income $ 80.0 $ 73.0 $ 217.0 $ 156.4

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Foreign Currency Translation Adjustments 209.6 ( 56.0 ) 329.7 ( 143.5 )

Foreign Currency Translation Adjustments ( 3.5 ) 124.7 326.1 ( 18.8 )

Reclassification of Foreign Currency Translation Losses to Earnings (see Note 3 - Divestitures) — 121.3 — — 121.3

Increase (Decrease) in Fair Value of Hedging Activities, Net of Tax Effects of $ 1.1 0.5 million and $( 1.8 2.6 ) million for the Three Months Ended June September 30, 2025 and June September 30, 2024 and $ 2.8 3.3 million and $( 0.2 2.8 ) million for the Six Nine Months Ended June September 30, 2025 and June September 30, 2024, respectively

Reclassification of Losses (Gains) included in Net Income, Net of Tax Effects of $ 0.3 ) 0.4 million and $( 2.1 1.7 ) million for the Three Months Ended June September 30, 2025 and June September 30, 2024 and $ 0.2 ) million and $( 3.8 5.5 ) million for the Six Nine Months Ended June September 30, 2025 and June September 30, 2024, respectively ( 1.2 ) ( 6.7 ) ( 0.7 ) ( 12.0 )

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Other Comprehensive Income (Loss) 211.8 52.7 336.5 ( 35.0 )

Comprehensive Income 291.4 115.7 473.6 48.4

Less: Comprehensive Income Attributable to Noncontrolling Interests 0.6 0.2 0.9 0.4

Comprehensive Income Attributable to Regal Rexnord Corporation $ 290.8 $ 115.5 $ 472.7 $ 48.0

Increase in Prior Service Cost and Unrecognized Loss, Net of Tax Effects of zero and $( 0.1 ) million zero for the Three Months Ended June September 30, 2025 and June September 30, 2024 and $( 0.3 ) million and $( 0.1 ) million for the Six Nine Months Ended June September 30, 2025 and June September 30, 2024, respectively

Reclassification Adjustments for Pension and Post Retirement Benefits included in Net Income, Net of Tax Effects of zero and zero $ 0.1 million for the Three Months Ended June September 30, 2025 and June September 30, 2024 and $( 0.1 ) million and zero $ 0.1 million for the Six Nine Months Ended June September 30, 2025 and June September 30, 2024, respectively ( 0.2 ) 0.1 ( 0.3 0.5 ) 0.3 0.4

Other Comprehensive Income (Loss) ( 0.8 ) 111.0 335.6 76.0

Comprehensive Income (Loss) 79.2 184.0 552.6 232.4

Less: Comprehensive Income (Loss) Attributable to Noncontrolling Interests 0.5 0.7 1.4 1.1

Comprehensive Income (Loss) Attributable to Regal Rexnord Corporation $ 78.7 $ 183.3 $ 551.2 $ 231.3

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June September 30, 2025 December 31, 2024

Cash and Cash Equivalents $ 320.1 400.0 $ 393.5

Trade Receivables, Less Allowances of $ 11.9 15.2 million and $ 29.9 million in 2025 and 2024, Respectively

Inventories 1,348.3 1,366.3 1,227.5

Prepaid Expenses and Other Current Assets 300.5 320.0 287.5

Total Current Assets 2,518.8 2,594.3 2,751.3

Net Property, Plant and Equipment 942.4 925.9 921.0

Operating Lease Assets 141.8 139.6 141.3

Goodwill 6,607.6 6,605.2 6,458.9

Intangible Assets, Net of Amortization 3,592.2 3,502.6 3,664.5

Deferred Income Tax Benefits 34.8 37.7 30.0

Other Noncurrent Assets 65.1 68.8 66.7

Total Assets $ 13,902.7 13,874.1 $ 14,033.7

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Accounts Payable $ 615.5 $ 542.8

Accounts Payable $ 597.6 $ 542.8

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Accrued Interest 81.7 84.0

Accrued Compensation and Benefits 195.6 196.8 191.3

Accrued Interest 90.2 84.0

Other Accrued Expenses 301.2 315.6 333.8

Current Operating Lease Liabilities 37.7 37.6 35.6

Current Maturities of Long-Term Debt 5.2 5.4 5.0

Total Current Liabilities 1,260.1 1,266.4 1,215.7

Long-Term Debt 4,849.6 4,780.0 5,452.7

Deferred Income Taxes 801.5 774.6 815.5

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and 105 more changes in the filing

Note 1: BASIS OF PRESENTATION 2 changes

The accompanying (a) Condensed Consolidated Balance Sheet of Regal Rexnord Corporation (the "Company"), as of December 31, 2024, which has been derived from audited Consolidated Financial Statements, and (b) unaudited interim Condensed Consolidated Financial Statements as of June September 30, 2025 and for the three and six nine months ended June September 30, 2025 and June September 30, 2024, 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.

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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 and six nine months ended June September 30, 2025 are not necessarily indicative of the results that may be expected for the entire year ending December 31, 2025.

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Note 2: OTHER FINANCIAL INFORMATION 55 changes

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North America $ 270.8 $ 432.2 $ 344.3 $ 1,047.3

Asia 30.8 44.5 42.6 117.9

Europe 89.0 123.4 36.0 248.4

Rest-of-World 20.5 49.7 12.3 82.5

Total $ 411.1 $ 649.8 $ 435.2 $ 1,496.1

North America $ 284.5 $ 456.1 $ 314.6 $ 20.6 $ 1,075.8

Asia 24.1 51.4 45.0 10.3 130.8

Europe 96.1 122.8 35.2 4.2 258.3

Rest-of-World 17.5 45.2 16.1 3.9 82.7

Total $ 422.2 $ 675.5 $ 410.9 $ 39.0 $ 1,547.6

North America $ 531.7 $ 847.1 $ 670.8 $ 2,049.6

Asia 54.3 78.3 80.3 212.9

Europe 182.4 246.3 69.8 498.5

Rest-of-World 39.0 90.8 23.4 153.2

Total $ 807.4 $ 1,262.5 $ 844.3 $ 2,914.2

North America $ 547.7 $ 875.2 $ 611.5 $ 79.4 $ 2,113.8

Asia 45.2 93.9 82.8 44.3 266.2

Europe 191.9 247.1 69.8 17.6 526.4

Rest-of-World 37.6 102.7 32.1 16.5 188.9

Total $ 822.4 $ 1,318.9 $ 796.2 $ 157.8 $ 3,095.3

June September 30, 2025 Automation & Motion Control Industrial Powertrain Solutions Power Efficiency Solutions Total

North America $ 268.0 $ 448.0 $ 341.8 $ 1,057.8

Asia 24.3 40.4 43.5 108.2

Europe 93.7 125.2 32.9 251.8

Rest-of-World 16.0 48.7 14.5 79.2

Total $ 402.0 $ 662.3 $ 432.7 $ 1,497.0

June September 30, 2024 Automation & Motion Control Industrial Powertrain Solutions Power Efficiency Solutions Industrial Systems Total

North America $ 269.2 $ 431.5 $ 338.7 $ 1,039.4

Asia 22.7 39.3 41.8 103.8

Europe 88.0 120.8 32.6 241.4

Rest-of-World 21.7 52.6 18.5 92.8

Total $ 401.6 $ 644.2 $ 431.6 $ 1,477.4

June September 30, 2025 Automation & Motion Control Industrial Powertrain Solutions Power Efficiency Solutions Total

North America $ 799.7 $ 1,295.1 $ 1,012.6 $ 3,107.4

Asia 78.6 118.7 123.8 321.1

Europe 276.1 371.5 102.7 750.3

Rest-of-World 55.0 139.5 37.9 232.4

Total $ 1,209.4 $ 1,924.8 $ 1,277.0 $ 4,411.2

June September 30, 2024 Automation & Motion Control Industrial Powertrain Solutions Power Efficiency Solutions Industrial Systems Total (1)

North America $ 816.9 $ 1,306.7 $ 950.2 $ 79.4 $ 3,153.2

Asia 67.9 133.2 124.6 44.3 370.0

Europe 279.9 367.9 102.4 17.6 767.8

Rest-of-World 59.3 155.3 50.6 16.5 281.7

Total $ 1,224.0 $ 1,963.1 $ 1,227.8 $ 157.8 $ 4,572.7

(1) Results for the Industrial Systems segment covers results through the close of the sale on April 30, 2024.

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June September 30, 2025 December 31, 2024

Raw Material and Work in Process 65.1 64.5 % 67.8 %

Finished Goods and Purchased Parts 34.9 35.5 % 32.2 %

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Useful Life in Years June September 30, 2025 December 31, 2024

Land and Improvements $ 135.4 134.6 $ 134.5

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Property, Plant and Equipment 1,808.5 1,823.7 1,711.5

Less: Accumulated Depreciation ( 866.1 897.8 ) ( 790.5 )

Net Property, Plant and Equipment $ 942.4 925.9 $ 921.0

As of June September 30, 2025 and December 31, 2024, $ 66.5 66.3 million and $ 44.7 million of right-of-use assets were included in Net Property, Plant and Equipment, respectively.

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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 $ 48.7 48.3 million and $ 41.0 million as of June September 30, 2025 and December 31, 2024, respectively.

Note 3: DIVESTITURES 1 change

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The transaction closed on April 30, 2024 for a total purchase price of $ 444.0 million. The Company recognized a cumulative loss of $ 95.4 million on the sale of the industrial motors and generators businesses, which was primarily related to foreign currency translation losses that were reclassified out of accumulated other comprehensive income into earnings at the closing of the transaction. For the three and six nine months ended June September 30, 2024, the Company recognized a Gain on Sale of Businesses of $ 17.2 million and a Loss on Sale of Businesses of zero and $ 4.3 million, respectively.

Note 4: ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 44 changes

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Beginning Balance $ 0.2 $ ( 22.6 ) $ ( 295.7 ) $ ( 318.1 )

Other Comprehensive Income (Loss) before Reclassifications 4.7 — 209.4 214.1

Beginning Balance $ 28.4 $ ( 24.8 ) $ ( 373.3 ) $ ( 369.7 )

Other Comprehensive Income (Loss) before Reclassifications ( 7.4 ) ( 0.5 ) ( 55.7 ) ( 63.6 )

Tax Impact 1.8 0.1 — 1.9

Net Current Period Other Comprehensive Income (Loss) ( 12.3 ) ( 0.3 ) 65.6 53.0

The following tables present changes in AOCI by component for the three and six nine months ended June September 30, 2025 and June September 30, 2024:

June September 30, 2025 Hedging Activities Pension and Post Retirement Benefit Adjustments Foreign Currency Translation Adjustments Total

Ending Beginning Balance $ 2.6 $ ( 22.8 ) $ ( 86.3 ) $ ( 106.5 )

Other Comprehensive Income (Loss) before Reclassifications 2.2 — ( 3.6 ) ( 1.4 )

Tax Impact 0.3 ( 0.5 ) 0.3 — — ( 0.5 )

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 1.5 ) 1.6 ( 0.2 ) — ( 1.7 ) 1.4

Tax Impact ( 0.4 ) — — ( 0.4 )

Net Current Period Other Comprehensive Income (Loss) 2.4 2.9 ( 0.2 ) 209.4 211.6 ( 3.6 ) ( 0.9 )

Ending Balance $ 5.5 $ ( 23.0 ) $ ( 89.9 ) $ ( 107.4 )

June September 30, 2024 Hedging Activities Pension and Post Retirement Benefit Adjustments Foreign Currency Translation Adjustments Total

Ending Beginning Balance $ 16.1 $ ( 25.1 ) $ ( 307.7 ) $ ( 316.7 )

Other Comprehensive Income (Loss) before Reclassifications ( 10.9 ) — 124.3 113.4

Tax Impact 2.1 2.6 — — 2.1 2.6

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 8.8 7.2 ) 0.1 121.3 112.6 0.2 — ( 7.0 )

Tax Impact ( 1.1 ) — 1.7 ( 0.1 ) 1.1 — 1.6

Net Current Period Other Comprehensive Income (Loss) ( 13.8 ) 0.1 124.3 110.6

Ending Balance $ 2.3 $ ( 25.0 ) $ ( 183.4 ) $ ( 206.1 )

June September 30, 2025 Hedging Activities Pension and Post Retirement Benefit Adjustments Foreign Currency Translation Adjustments Total

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Tax Impact ( 2.8 ) 0.3 — ( 2.5 )

Net Current Period Other Comprehensive Income (Loss) 8.1 ( 1.3 ) 329.4 336.2

Ending Balance $ 2.6 $ ( 22.8 ) $ ( 86.3 ) $ ( 106.5 )

Other Comprehensive Income (Loss) before Reclassifications 11.6 13.8 ( 1.3 ) 329.4 339.7 325.8 338.3

Tax Impact ( 3.3 ) 0.3 — ( 3.0 )

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 0.9 ) ( 0.4 ) 0.7 ( 0.6 ) 1.3 — 0.1

Tax Impact ( 0.2 ) 0.1 — 0.3 ( 0.1 )

Net Current Period Other Comprehensive Income (Loss) 11.0 ( 1.5 ) 325.8 335.3

Ending Balance $ 5.5 $ ( 23.0 ) $ ( 89.9 ) $ ( 107.4 )

June September 30, 2024 Hedging Activities Pension and Post Retirement Benefit Adjustments Foreign Currency Translation Adjustments Total

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Tax Impact 0.2 0.1 — 0.3

Tax Impact 3.8 — — 3.8

Ending Balance $ 16.1 $ ( 25.1 ) $ ( 307.7 ) $ ( 316.7 )

Other Comprehensive Income (Loss) before Reclassifications ( 0.9 11.8 ) ( 0.5 ) ( 142.8 18.5 ) ( 144.2 30.8 )

Tax Impact 2.8 0.1 — 2.9

Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) ( 15.8 23.0 ) 0.3 0.5 121.3 105.8 98.8

Tax Impact 5.5 ( 0.1 ) — 5.4

Net Current Period Other Comprehensive Income (Loss) ( 12.7 ) ( 0.1 ) ( 21.5 ) 26.5 ) 34.3 — 102.8 76.3

Ending Balance $ 2.3 $ ( 25.0 ) $ ( 183.4 ) $ ( 206.1 )

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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 (Income), Net (see also Note 9 - Retirement Plans).

Note 5: GOODWILL AND INTANGIBLE ASSETS 11 changes

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The following table presents changes to goodwill during the six nine months ended June September 30, 2025:

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Translation Adjustments 63.4 77.9 7.4 148.7

Balance as of June 30, 2025 $ 2,075.9 $ 3,775.1 $ 756.6 $ 6,607.6

Translation Adjustments 62.9 76.0 7.4 146.3

Balance as of September 30, 2025 $ 2,075.4 $ 3,773.2 $ 756.6 $ 6,605.2

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June September 30, 2025 December 31, 2024

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Customer Relationships 15 $ 3,992.7 3,990.1 $ 1,062.6 1,125.2 $ 2,930.1 2,864.9 $ 3,892.8 $ 915.1 $ 2,977.7

Technology 13 300.0 120.7 179.3 300.2 126.0 174.2 293.0 109.0 184.0

Trademarks 10 704.7 221.9 482.8 718.3 254.8 463.5 692.3 189.4 502.9

Total Intangibles $ 4,997.4 5,008.6 $ 1,405.2 1,506.0 $ 3,592.2 3,502.6 $ 4,878.1 $ 1,213.5 $ 3,664.6

Amortization expense recorded for the three and six nine months ended June September 30, 2025 was $ 86.8 87.3 million and $ 172.2 259.5 million, respectively. Amortization expense recorded for the three and six nine months ended June September 30, 2024 was $ 86.5 86.8 million and $ 173.2 260.0 million, respectively.

Note 6: SEGMENT INFORMATION 81 changes

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Total Sales $ 414.6 $ 653.8 $ 435.4 $ ( 7.7 ) $ 1,496.1

Intersegment Sales 3.5 4.0 0.2 ( 7.7 ) —

The following sets forth certain financial information attributable to the Company's reportable segments for the three and six nine months ended June September 30, 2025 and June September 30, 2024:

June September 30, 2025 Automation & Motion Control Industrial Powertrain Solutions Power Efficiency Solutions Eliminations Total

Total Sales $ 404.6 $ 665.8 $ 433.3 $ ( 6.7 ) $ 1,497.0

Intersegment Sales 2.6 3.5 0.6 ( 6.7 ) —

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Income from Operations 30.4 92.4 59.5 182.3

Interest Expense 85.3

Income from Operations 22.7 86.1 65.6 174.4

Interest Expense 87.0

Interest Income ( 5.1 5.3 )

Other Expense, Net 0.9 0.8

Income before Taxes 101.2 91.9

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Amortization 34.5 50.6 1.7 86.8

Depreciation 11.0 15.7 8.8 35.5

Capital Expenditures 10.3 14.1 5.8 30.2

Total Sales $ 427.5 $ 677.3 $ 411.5 $ 39.2 $ ( 7.9 ) $ 1,547.6

Intersegment Sales 5.3 1.8 0.6 0.2 ( 7.9 ) —

Amortization 34.6 51.1 1.6 87.3

Depreciation 14.8 17.9 9.2 41.9

Capital Expenditures 7.4 10.0 6.1 23.5

June September 30, 2024 Automation & Motion Control Industrial Powertrain Solutions Power Efficiency Solutions Industrial Systems Eliminations Total

Total Sales $ 406.2 $ 646.2 $ 432.1 $ — $ ( 7.1 ) $ 1,477.4

Intersegment Sales 4.6 2.0 0.5 — ( 7.1 ) —

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Income from Operations 41.8 89.8 45.1 17.2 193.9

Interest Expense 101.7

Other Expense, Net 0.3

Income from Operations 31.0 84.5 58.6 — 174.1

Interest Expense 98.0

Interest Income ( 5.0 5.1 )

Other Income, Net ( 0.2 )

Income before Taxes 96.9 81.4

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Amortization 34.2 50.2 2.1 — 86.5

Depreciation 11.4 20.5 8.5 0.1 40.5

Other significant noncash items:

Gain on Sale of Businesses — — — ( 17.2 ) ( 17.2 )

Capital Expenditures 6.5 14.3 7.4 4.2 32.4

Total Sales $ 814.3 $ 1,270.0 $ 844.8 $ ( 14.9 ) $ 2,914.2

Intersegment Sales 6.9 7.5 0.5 ( 14.9 ) —

Amortization 33.9 50.9 2.0 — 86.8

Depreciation 12.3 18.9 9.4 — 40.6

Capital Expenditures 7.6 13.7 8.0 — 29.3

June September 30, 2025 Automation & Motion Control Industrial Powertrain Solutions Power Efficiency Solutions Industrial Systems Eliminations Total

Total Sales $ 1,218.9 $ 1,935.8 $ 1,278.1 $ — $ ( 21.6 ) $ 4,411.2

Intersegment Sales 9.5 11.0 1.1 — ( 21.6 ) —

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Income from Operations 65.5 174.1 102.4 342.0

Interest Expense 175.5

Interest Income ( 9.3 )

Income from Operations 88.2 260.2 167.9 — 516.3

Interest Expense 262.5

Interest Income ( 14.6 )

Other Expense, Net 1.6 2.4

Income before Taxes 174.2 266.0

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Amortization 68.4 100.5 3.3 172.2

Depreciation 22.6 35.3 17.7 75.6

Capital Expenditures 16.3 22.3 8.4 47.0

Total Sales $ 832.2 $ 1,323.7 $ 801.9 $ 158.2 $ ( 20.7 ) $ 3,095.3

Intersegment Sales 9.8 4.7 5.7 0.5 ( 20.7 ) —

Amortization 103.0 151.6 4.9 — 259.5

Depreciation 37.4 53.2 26.9 — 117.5

Capital Expenditures 23.7 32.3 14.5 — 70.5

June September 30, 2024 Automation & Motion Control Industrial Powertrain Solutions Power Efficiency Solutions Industrial Systems Eliminations Total

Total Sales $ 1,237.5 $ 1,969.8 $ 1,234.0 $ 158.3 $ ( 26.9 ) $ 4,572.7

Intersegment Sales 13.5 6.7 6.2 0.5 ( 26.9 ) —

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Income from Operations 82.0 171.9 73.6 0.3 327.8

Interest Expense 207.1

Interest Income ( 8.1 )

Income from Operations 113.0 256.4 132.2 0.3 501.9

Interest Expense 305.1

Interest Income ( 13.2 )

Other Expense, Net 0.6 0.4

Income before Taxes 128.2 209.6

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Amortization 68.6 100.2 4.2 0.2 173.2

Depreciation 22.9 40.7 18.0 0.4 82.0

Amortization 102.5 151.1 6.2 0.2 260.0

Depreciation 35.2 59.6 27.4 0.4 122.6

Capital Expenditures 20.0 36.8 19.1 4.3 80.2

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Capital Expenditures 12.4 23.1 11.1 4.3 50.9

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The following table presents identifiable assets information attributable to the Company's operating segments as of June September 30, 2025 and December 31, 2024:

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Identifiable Assets as of June 30, 2025 $ 4,559.9 $ 7,542.0 $ 1,800.8 $ 13,902.7

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and 1 more change in the filing

Note 7: RECEIVABLES SECURITIZATION 3 changes

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On June 30, 2025, the SPE received proceeds of $ 368.5 million for the Sold Receivables. The Collateral as of June 30, 2025 was $ 65.0 million. Cash activity related to the Securitization Facility is reflected in Net Cash Provided by Operating Activities in the Condensed Consolidated Statement of Cash Flows.

As of September 30, 2025, 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 $ 398.3 million. This resulted in cash received of $ 398.3 million, which is reflected in Net Cash Provided by Operating Activities in the Condensed Consolidated Statement of Cash Flows. For the three and nine months ended September 30, 2025, the Company sold accounts receivable of $ 668.0 million and $ 1,036.5 million, respectively, to the Purchasers under the Securitization Facility. Cash collections for the three and nine months ended September 30, 2025 on receivables sold to the Purchasers were $ 638.2 million. As of September 30, 2025 unsold accounts receivable of $ 66.2 million were pledged by the SPE as collateral to the Purchasers.

The Company incurred charges of $ 5.0 million associated with the Securitization Facility for the three and nine months ended September 30, 2025, which were reflected in Operating Expenses in the Condensed Consolidated Statement of Income.

Note 8: DEBT AND BANK CREDIT FACILITIES 22 changes

The following table presents the Company's indebtedness as of June September 30, 2025 and December 31, 2024:

June September 30, 2025 December 31, 2024

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Term Facility 50.0 — 665.0

Multicurrency Revolving Facility 23.0 — 40.0

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Finance Leases 92.2 92.9 70.1

Less: Debt Issuance Costs ( 35.7 32.9 ) ( 42.1 )

Total 4,854.8 4,785.4 5,457.7

Less: Current Maturities 5.2 5.4 5.0

Long-Term Debt 4,849.6 4,780.0 5,452.7

1 unchanged paragraph

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 are scheduled to mature on February 15, 2026, 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.

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 are scheduled to mature on February 15, 2026, 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.

2 unchanged paragraphs

Based on rates for instruments with comparable maturities and credit quality, which are classified as Level 2 inputs (see also Note 15 - Fair Value), the approximate fair value of the Senior Notes was $ 4,860.5 4,906.4 million and $ 4,795.2 million as of June September 30, 2025 and December 31, 2024, respectively, compared to a carrying value of $ 4,700.0 million as of June September 30, 2025 and December 31, 2024. The Company believes that the fair value of all other debt instruments approximates their carrying value.

1 unchanged paragraph

The Term Facility requires quarterly amortization at 5.0 % per annum, unless previously prepaid. Per the terms of the Credit Agreement, prepayments can be made without penalty and are applied to the next payment due. On June 30, 2025, the Company prepaid $ 420.0 million of principal outstanding under the Term Facility with proceeds from the Securitization Facility (see Note 7 – Receivables Securitization). On July 31, 2025, the Company paid the remaining $ 50.0 million balance under the Term Facility. Borrowings under the 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 June September 30, 2025, the Company had no standby letters of credit issued under the Multicurrency Revolving Facility, and $ 1,547.0 1,570.0 million of available borrowing capacity. For the three months ended June September 30, 2025 and June September 30, 2024 under the Multicurrency Revolving Facility, the average daily balance in borrowings was $ 101.1 72.8 million and $ 67.4 70.8 million, respectively. For the six nine months ended June September 30, 2025 and June September 30, 2024 under the Multicurrency Revolving Facility, the average daily balance in borrowings was $ 91.3 84.7 million and $ 83.0 78.9 million, respectively. The Company paid a non-use fee of 0.25 % as of June September 30, 2025 on the aggregate unused amount of the Multicurrency Revolving Facility at a rate determined by reference to its consolidated funded debt to consolidated EBITDA ratio.

1 unchanged paragraph

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

Three Months Ended Six Nine Months Ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Term Facility 6.2 % 7.1 7.2 % 6.2 % 7.2 %

Multicurrency Revolving Facility 6.2 5.7 % 7.2 % 6.2 6.0 % 7.2 %

1 unchanged paragraph

The Altra Notes will mature on October 1, 2026. The Altra Notes may be redeemed at the option of the issuer 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.

The weighted average discount rate associated with the Company's finance leases was 6.8 6.9 % as of June September 30, 2025 and 5.2 % as of June September 30, 2024.

1 unchanged paragraph

The 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 June September 30, 2025.

Note 9: RETIREMENT PLANS 13 changes

1 unchanged paragraph

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

Service Cost 0.7 0.5 1.4 1.0

Interest Cost 5.5 5.4 11.0 10.8

Three Months Ended Six Nine Months Ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Service Cost 0.7 0.6 2.1 1.6

Interest Cost 5.5 5.3 16.5 16.1

Expected Return on Plan Assets ( 4.6 ) ( 5.0 ) ( 9.2 13.8 ) ( 10.0 15.0 )

Amortization of Prior Service Cost and Net Actuarial Loss ( 0.1 ) 0.1 ( 0.2 ( 0.3 ) 0.5

1 unchanged paragraph

Net Periodic Benefit Expense $ 1.5 $ 1.0 1.1 $ 3.0 4.5 $ 2.3 3.4

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 (Income), Net on the Company's Condensed Consolidated Statements of Income.

For the three months ended June September 30, 2025 and June September 30, 2024, the Company contributed $ 2.0 6.5 million and $ 1.8 10.5 million, respectively, to post retirement plans. For the six nine months ended June September 30, 2025 and June September 30, 2024, the Company contributed $ 7.1 13.6 million and $ 3.6 14.1 million, respectively. The Company expects to make total contributions of $ 14.7 million in 2025. The Company contributed a total of $ 16.6 million in 2024.

For the three months ended June September 30, 2025 and June September 30, 2024, the Company contributed $ 5.5 6.2 million and $ 10.8 11.0 million, respectively, to defined contribution plans. For the six nine months ended June September 30, 2025 and June September 30, 2024, the Company contributed $ 12.8 19.0 million and $ 22.4 33.4 million, respectively.

Note 10: SHAREHOLDERS' EQUITY 7 changes

1 unchanged paragraph

Performance share unit awards ("PSUs") consist of shares or the rights to shares of the Company's stock which are awarded to associates of the Company. For the six nine months ended June September 30, 2025, the Company issued 102,159 106,264 Performance Share Units ("2025 PSUs"), which have a performance period of three years , vest three years from the grant date and are issued at a performance target of 100 %. These shares are payable upon the determination that the Company achieved certain established performance targets. The 2025 PSUs include three performance criteria that are equally weighted: Total Shareholder Return (returns relative to the S&P 900 Industrials peer group), Return on Invested Capital, and Synergy Achievement. The targeted payout for each performance target can range from 0 % to 200 %. The 2025 PSUs also include a revenue multiplier, which allows for up to 300 % total payout based on the Company's revenue growth over a three-year period from 2025 through 2027. PSUs issued in 2024 and 2023 had a performance criteria based on Total Shareholder Return. The portion of PSUs with a performance criteria using Total Shareholder Return are valued using a Monte Carlo simulation method as of the grant date since it contains a market condition. The portion of PSUs with performance criteria based on Return on Invested Capital and Synergy Achievement are valued using the closing market price of the Company's stock 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 approximately $ 10.3 9.4 million and $ 9.5 8.3 million in share-based compensation expense for the three months ended June September 30, 2025 and June September 30, 2024, respectively, and approximately $ 19.8 29.1 million and $ 18.6 26.9 million for the six nine months ended June September 30, 2025 and June September 30, 2024, respectively. The total income tax benefit recognized in the Condensed Consolidated Statements of Income for share-based compensation expense was $ 1.6 0.9 million and $ 1.5 1.0 million for the three months ended June September 30, 2025 and June September 30, 2024, respectively, and $ 2.7 3.5 million and $ 3.6 4.6 million for the six nine months ended June September 30, 2025 and June September 30, 2024, 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 six nine months ended June September 30, 2025, the Company granted the following share-based incentive awards:

1 unchanged paragraph

Restricted Stock Units 202,139 $ 132.41

Performance Share Units 102,159 $ 138.25

Restricted Stock Units 208,707 $ 133.71

Performance Share Units 106,264 $ 139.54

Note 11: INCOME TAXES 4 changes

The effective tax rate for the three months ended June September 30, 2025 was 21.3 12.9 % versus 35.0 10.3 % for the three months ended June September 30, 2024. The effective tax rate for the six three months ended June September 30, 2025 was higher due to discrete tax benefits in 2024 associated with a reduction in withholding taxes, partially offset by discrete tax benefits in 2025 associated with a tax rate reduction in Germany. The effective tax rate for the nine months ended September 30, 2025 and June September 30, 2024 was 21.3 18.4 % and 34.9 25.4 %, respectively. The effective tax rate for the three and six nine months ended June September 30, 2025 was lower than the same periods period in 2024 primarily due to the tax effects associated with the divestiture of the industrial motors and generators businesses during in 2024 and discrete tax benefits in 2025 associated with a tax rate reduction in Germany, partially offset by discrete tax benefits in 2024 associated with a reduction in withholding taxes.

As of June September 30, 2025 and December 31, 2024, the Company had approximately $ 4.4 million and $ 4.2 million, respectively, of unrecognized tax benefits, all of which would impact the effective income tax rate if recognized. Potential interest and penalties related to unrecognized tax benefits are recorded in income tax expense. The Company had $ 0.7 0.8 million and $ 0.7 million of accrued interest as of June September 30, 2025 and December 31, 2024, 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 June September 30, 2025.

On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was signed into U.S. law, which contains a broad range of tax reform provisions, including domestic research and development cost expensing, extension of 100% bonus depreciation, limitations on interest expense deductions and revisions to international tax regimes. The Company is currently evaluating has completed its evaluation of the financial impacts of the OBBBA and will reflect its effects beginning in the third quarter of 2025. We do does not currently anticipate a material effect on our annual effective tax rate or cash flows as a result of this legislation.

Note 12: EARNINGS PER SHARE 7 changes

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

Diluted earn ings per s hare 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 0.4 0.3 million for the three months ended June 30, 2025 and June 30, 2024. The amount of the anti-dilutive shares was 0.4 million and 0.3 million for the six nine months ended June September 30, 2025 and June September 30, 2024. respectively. The following table reconciles the basic and diluted shares used in earn ings per share c alculations for the three and six nine months ended June September 30, 2025 and June September 30, 2024:

Three Months Ended Six Nine Months Ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Denominator for Basic Earnings Per Share 66.3 66.5 66.4 66.4 66.3 66.5 66.4

Effect of Dilutive Securities 0.2 0.3 0.2 0.3 0.4

Denominator for Diluted Earnings Per Share 66.5 66.8 66.6 66.7 66.5 66.8

Note 13: CONTINGENCIES 24 changes

As a result of the Company's acquisition of the Rexnord PMC business, it is entitled to indemnification from third parties to agreements with the Rexnord PMC business against certain contingent liabilities of the Rexnord PMC business, including certain pre-closing environmental liabilities.

The Company believes that, pursuant to the transaction documents related to the Rexnord PMC business' acquisition of the Stearns business from Invensys plc ("Invensys"), Invensys (now known as Schneider Electric) is obligated to defend and indemnify us with respect to the matters described below relating to the Ellsworth Industrial Park Site and to various asbestos claims. The indemnity obligations relating to the matters described below are subject, together with indemnity obligations relating to other matters, to an overall dollar cap equal to the purchase price, which is an amount in excess of $ 900.0 million. In the event that the Company is unable to recover from Invensys with respect to the matters below, it may be entitled to indemnification from Zurn Water Solutions Corporation (formerly known as Rexnord Corporation) ("Zurn"), subject to certain limitations. The following paragraphs summarize the most significant actions and proceedings:

• In 2002, the Company's subsidiary, Rexnord Industries, LLC ("Rexnord Industries") was named as a potentially responsible party ("PRP"), together with at least ten other companies, at the Ellsworth Industrial Park Site, Downers Grove, DuPage County, Illinois (the "Site"), by the United States Environmental Protection Agency ("USEPA"), and the Illinois Environmental Protection Agency ("IEPA"). Rexnord Industries' Downers Grove property is situated within the Ellsworth Industrial Complex. The USEPA and IEPA allege there have been one or more releases or threatened releases of chlorinated solvents and other hazardous substances, pollutants or contaminants at the Site, allegedly including but not limited to a release or threatened release on or from Rexnord Industries' property. The relief sought by the USEPA and IEPA includes further investigation and potential remediation of the Site and reimbursement of USEPA's past costs. In early 2020, Rexnord Industries entered into an administrative order with the USEPA to do remediation work on its Downers Grove property. The soil excavation work and transporting and disposing of the excavated material was completed in October 2020. The construction of an AS/SVE system was completed and became operational in February 2022 and continues to operate. The Company is awaiting the US EPA's approval of a pilot study work plan for an on site chemical oxidation soil remediation system. All previously pending property damage and personal injury lawsuits against Rexnord Industries related to the Site have been settled or dismissed. Pursuant to its indemnity obligation, Invensys continues to defend Rexnord Industries in known matters related to the Site, including the costs of the remediation work pursuant to the 2020 administrative order, and has paid 100 % of the costs to date. This indemnification right would not protect Rexnord Industries against liabilities related to environmental conditions that were unknown to Invensys at the time of the acquisition of the Stearns business from Invensys.

• Multiple lawsuits (with over 350 claimants) are pending in state or federal court in numerous jurisdictions relating to alleged personal injuries due to the alleged presence of asbestos in certain brakes and clutches previously manufactured by the Rexnord PMC business' Stearns brand of brakes and clutches and/or its predecessor owners. Invensys and FMC, prior owners of the Stearns business, have paid 100 % of the costs to date related to the Stearns lawsuits. Similarly, the Rexnord PMC business' Prager subsidiary is the subject of claims by multiple claimants alleging personal injuries due to the alleged presence of asbestos in a product allegedly manufactured by Prager. However, all these claims are currently on the Texas Multi-district Litigation inactive docket, and the Company does not believe that they will become active in the future. To date, the Rexnord PMC business' insurance providers have paid 100 % of the costs related to the Prager asbestos matters. We believe that the combination of the Company's insurance coverage and the Invensys indemnity obligations will cover any future costs of these matters.

In connection with the Company's acquisition of the Rexnord PMC business, transaction documents related to the Rexnord PMC business' acquisition of The Falk Corporation from Hamilton Sundstrand Corporation were assigned to Rexnord Industries, and provide Rexnord Industries with indemnification against certain product related asbestos exposure liabilities. The Company believes that, pursuant to such indemnity obligations, Hamilton Sundstrand is obligated to defend and indemnify Rexnord Industries with respect to asbestos claims described below, and that, with respect to these claims, such indemnity obligations are not subject to any time or dollar limitations.

The following paragraph summarizes the most significant actions and proceedings for which Hamilton Sundstrand has accepted responsibility:

• Rexnord Industries is a defendant in multiple lawsuits pending in state or federal court in numerous jurisdictions relating to alleged personal injuries due to the alleged presence of asbestos in certain clutches and drives previously manufactured by The Falk Corporation. The ultimate outcome of these lawsuits cannot presently be determined. Hamilton Sundstrand is defending Rexnord Industries in these lawsuits pursuant to its indemnity obligations and has paid 100 % of the costs to date.

June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024

Beginning Balance $ 33.3 $ 34.2 $ 33.4 $ 34.5

Less: Payments 3.8 5.6 10.7 11.3

Provisions 6.1 4.9 12.4 10.5

Translation Adjustments ( 2.8 ) ( 0.1 ) ( 2.3 ) ( 0.3 )

The Company is from time to time, party to litigation and other legal or regulatory proceedings that arise in the normal course of its the Company's business operations, and 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 litigation 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 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 in amounts to the extent that it believes losses are adequate, deemed probable and are reasonably estimable. The Company does not currently believe that the outcome of any such lawsuit of these proceedings individually or collectively will have a material effect on the Company's financial position, its 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 ensuring 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 that it 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 the Company's financial condition. The Company's subsidiary Company 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 Company 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.

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 and six nine months ended June September 30, 2025 and June September 30, 2024:

Three Months Ended Six Nine Months Ended

September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024

Ending Beginning Balance $ 32.8 $ 33.4 $ 32.8 $ 33.4 $ 34.5

Less: Payments 3.9 6.5 14.6 17.8

Provisions 4.9 6.6 17.3 17.1

Translation Adjustments ( 2.0 ) 0.3 ( 4.3 ) —

Ending Balance $ 31.8 $ 33.8 $ 31.8 $ 33.8

1 unchanged paragraph

Note 14: DERIVATIVE FINANCIAL INSTRUMENTS 54 changes

2 unchanged paragraphs

The Company recognizes all derivative instruments as either assets or liabilities at fair value on 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 June September 30, 2025 or June September 30, 2024.

1 unchanged paragraph

Copper $ 38.0 $ 41.7

Euro $ 776.0 $ 1,221.5

Mexican Peso 296.8 233.2

Chinese Renminbi 378.3 359.5

Indian Rupee 30.6 23.0

Canadian Dollar 145.4 52.2

Australian Dollar 25.8 —

As of June September 30, 2025 and December 31, 2024, the Company had $ 0.9 ) 1.0 million and $( 0.8 ) million, respectively, net of tax, of derivative gains (losses) 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 2026. March 2027. The notional amounts expressed in terms of the dollar value of the hedged item were as follows:

June September 30, 2025 December 31, 2024

Copper $ 65.8 $ 41.7

The Company has currency forward contracts with maturities extending through September 2026. March 2027. The notional amounts expressed in terms of the dollar value of the hedged currency were as follows:

June September 30, 2025 December 31, 2024

Euro $ 722.9 $ 1,221.5

Mexican Peso 356.6 233.2

Chinese Renminbi 411.7 359.5

Indian Rupee 32.4 23.0

Canadian Dollar 148.8 52.2

Australian Dollar 26.4 —

British Pound 16.8 16.7 6.1

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 was 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 is recorded in Interest expense, net on the Condensed Consolidated Statements of Income.

Fair values of derivative instruments as of June September 30, 2025 and December 31, 2024 were:

Prepaid Expenses and Other Current Assets Other Noncurrent Assets Other Accrued Expenses Other Noncurrent Liabilities

1 unchanged paragraph

Currency Contracts 2.5 0.1 0.7

Commodity Currency Contracts 3.0 — 3.9 0.3 0.3 0.1

Commodity Contracts 3.0 0.3 1.0 0.2

1 unchanged paragraph

Currency Contracts 7.9 — 5.1

Total Derivatives $ 13.4 $ 0.1 $ 6.1

Currency Contracts 2.4 — 3.0 —

Total Derivatives $ 9.3 $ 0.6 $ 4.3 $ 0.3

Prepaid Expenses and Other Current Assets Other Noncurrent Assets Other Accrued Expenses Other Noncurrent Liabilities

9 unchanged paragraphs

June September 30, 2025 June September 30, 2024

Commodity Forwards Currency Forwards Interest Rate Swaps Total Commodity Forwards Currency Forwards Interest Rate Swaps Total (Loss) Gain Recognized in Other Comprehensive Income (Loss) $ ( 0.3 0.7 ) $ 5.2 2.9 $ — 0.2 ) $ 4.7 2.2 $ 1.2 $ ( 0.6 4.9 ) $ ( 7.3 7.2 ) $ 0.5 $ ( 7.4 10.9 )

Amounts Reclassified from Other Comprehensive Income (Loss) Gain:

(Loss) Gain Recognized in Cost of Sales ( 0.5 ) 0.1 ) 2.9 ( 1.5 ) — 3.4 ( 1.6 ) 7.4 0.7 5.1 — 7.4 5.8

Gain Recognized in Interest Expense — — 4.9 4.9 — — — — 1.4 1.4

June September 30, 2025 June September 30, 2024

1 unchanged paragraph

Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ 6.8 $ 7.2 $ ( 2.4 ) $ 11.6 $ 0.1 $ ( 4.7 ) $ 3.7 $ ( 0.9 )

(Loss) Gain Recognized in Cost of Sales ( 1.0 ) ( 4.2 ) — ( 5.2 ) ( 1.8 ) 14.7 — 12.9

Gain (Loss) Recognized in Other Comprehensive Income (Loss) $ 6.1 $ 10.1 $ ( 2.4 ) $ 13.8 $ 1.3 $ ( 9.6 ) $ ( 3.5 ) $ ( 11.8 )

Amounts Reclassified from Other Comprehensive Income (Loss) Gain:

(Loss) Gain Recognized in Cost of Sales ( 1.1 ) ( 5.7 ) — ( 6.8 ) ( 1.1 ) 19.8 — 18.7

Gain Recognized in Interest Expense — — 6.1 6.1 — — 2.9 2.9 4.3 4.3

2 unchanged paragraphs

1 unchanged paragraph

1 unchanged paragraph

2 unchanged paragraphs

3 unchanged paragraphs

and 10 more changes in the filing

Note 15: FAIR VALUE 13 changes

7 unchanged paragraphs

1 unchanged paragraph

2 unchanged paragraphs

1 unchanged paragraph

1 unchanged paragraph

2 unchanged paragraphs

and 13 more changes in the filing

Note 16: RESTRUCTURING ACTIVITIES 236 changes

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

11 unchanged paragraphs

7 unchanged paragraphs

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

2 unchanged paragraphs

1 unchanged paragraph

1 unchanged paragraph

6 unchanged paragraphs

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

2 unchanged paragraphs

and 236 more changes in the filing

Market risk 21 changes

2 unchanged paragraphs

3 unchanged paragraphs

1 unchanged paragraph

3 unchanged paragraphs

1 unchanged paragraph

1 unchanged paragraph

1 unchanged paragraph

and 21 more changes in the filing

Unregistered sales of stock 2 changes

and 2 more changes in the filing

Other information 1 change

and 1 more change in the filing