$RRX

REGAL BELOIT CORP

CIK:0000082811|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net Sales	$ 1,558.4	$ 1,496.1	$ 3,037.5	$ 2,914.2
Cost of Sales	946.8	931.4	1,876.0	1,821.9
Gross Profit	611.6	564.7	1,161.5	1,092.3
Operating Expenses	396.4	382.4	793.7	750.3
Income from Operations	215.2	182.3	367.8	342.0
Interest Expense	77.4	85.3	158.0	175.5
Interest Income	(6.2)	(5.1)	(10.9)	(9.3)
Other Expense, Net	0.3	0.9	0.5	1.6
Income before Taxes	143.7	101.2	220.2	174.2
Provision for Income Taxes	26.9	21.6	39.0	37.1
Net Income	116.8	79.6	181.2	137.1
Less: Net Income Attributable to Noncontrolling Interests	0.2	0.4	0.2	0.6
Net Income Attributable to Regal Rexnord Corporation	$ 116.6	$ 79.2	$ 181.0	$ 136.5
Earnings Per Share Attributable to Regal Rexnord Corporation:
Basic (in dollars per share)	$ 1.75	$ 1.19	$ 2.72	$ 2.06
Assuming Dilution (in dollars per share)	$ 1.74	$ 1.19	$ 2.71	$ 2.05
Weighted Average Number of Shares Outstanding:
Basic (in shares)	66.6	66.3	66.5	66.3
Assuming Dilution (in shares)	66.9	66.5	66.8	66.5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 181.2	$ 137.1
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures):
Depreciation	75.8	75.6
Amortization	173.0	172.2
Noncash Lease Expense	23.5	21.8
Share-Based Compensation Expense	10.4	19.8
Financing Fee Expense	4.4	7.3
Loss (Gain) on Sale of Assets	2.9	(8.3)
Benefit from Deferred Income Taxes	(30.8)	(43.1)
Other Non-Cash Changes	(0.6)	2.3
Change in Operating Assets and Liabilities, Net of Acquisitions and Divestitures
Receivables	(60.5)	318.6
Inventories	(61.5)	(89.8)
Accounts Payable	34.6	57.0
Other Assets and Liabilities	(160.8)	(45.0)
Net Cash Provided by Operating Activities	191.6	625.5
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Property, Plant and Equipment	(39.9)	(47.0)
Proceeds Received from Sales of Property, Plant and Equipment	2.8	14.8
Proceeds Received from Sale of Businesses, Net of Cash Transferred	0.0	3.0
Net Cash Used in Investing Activities	(37.1)	(29.2)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings Under Revolving Credit Facility	1,184.0	859.8
Repayments Under Revolving Credit Facility	(1,111.5)	(876.8)
Proceeds from Long-Term Borrowings	850.0	0.0
Repayments of Long-Term Borrowings	(1,102.6)	(616.9)
Dividends Paid to Shareholders	(46.6)	(46.6)
Shares Surrendered for Taxes	(15.4)	(7.1)
Proceeds from the Exercise of Stock Options	6.7	1.4
Net Cash Used in Financing Activities	(235.4)	(686.2)
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	0.8	16.5
Net Decrease in Cash and Cash Equivalents	(80.1)	(73.4)
Cash and Cash Equivalents at Beginning of Period	521.7	393.5
Cash and Cash Equivalents at End of Period	441.6	320.1
Cash Paid For:
Interest	92.6	161.9
Income Taxes	84.9	84.8
Noncash Transaction:
Right-of-use asset recognized during the period in exchange for finance lease obligation	$ 2.2	$ 23.5

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and Cash Equivalents	$ 441.6	$ 521.7
Trade Receivables, Less Allowances of $10.9 Million and $10.5 Million as of June 30, 2026 and December 31, 2025, Respectively	580.0	524.2
Inventories	1,377.9	1,321.7
Prepaid Expenses and Other Current Assets	422.4	344.7
Total Current Assets	2,821.9	2,712.3
Net Property, Plant and Equipment	868.7	911.8
Operating Lease Assets	146.0	145.2
Goodwill	6,575.8	6,611.3
Intangible Assets, Net of Amortization	3,230.7	3,418.4
Deferred Income Tax Benefits	37.2	36.2
Other Noncurrent Assets	71.5	85.8
Total Assets	13,751.8	13,921.0
Current Liabilities:
Accounts Payable	642.4	607.3
Dividends Payable	23.3	23.2
Accrued Compensation and Benefits	204.0	205.5
Accrued Interest	60.1	84.0
Other Accrued Expenses	245.1	281.7
Current Operating Lease Liabilities	40.7	38.5
Current Maturities of Long-Term Debt	24.2	24.1
Total Current Liabilities	1,239.8	1,264.3
Long-Term Debt	4,587.6	4,764.6
Deferred Income Taxes	718.2	752.6
Pension and Other Post Retirement Benefits	99.6	106.0
Noncurrent Operating Lease Liabilities	113.9	114.0
Other Noncurrent Liabilities	69.1	66.2
Regal Rexnord Corporation Shareholders' Equity:
Common Stock, $0.01 Par Value, 150.0 Million Shares Authorized, 66.6 Million and 66.4 Million Shares Issued and Outstanding as of June 30, 2026 and December 31, 2025, Respectively	0.7	0.7
Additional Paid-In Capital	4,687.8	4,688.5
Retained Earnings	2,364.7	2,230.3
Accumulated Other Comprehensive Loss	(137.7)	(75.4)
Total Regal Rexnord Corporation Shareholders' Equity	6,915.5	6,844.1
Noncontrolling Interests	8.1	9.2
Total Equity	6,923.6	6,853.3
Total Liabilities and Equity	$ 13,751.8	$ 13,921.0