UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-07283 REGAL REXNORD CORPORATION (Exact name of registrant as specified in its charter) Wisconsin 39-0875718 (State or other jurisdiction of incorporation) (IRS Employer Ident ...

Regal Rexnord Corporation (NYSE:RRX) Q2 2022 Earnings Conference Call August 2, 2022 10:00 AM ET Company Participants Rob Barry – Vice President of Investor Relations Louis Pinkham – Chief Executive Officer Rob Rehard – Vice President and Chief Financial Officer Conference Call Participants Mike Halloran – Baird Jeff Hammond – KeyBanc Joe Ritchie – Goldman Sachs Nigel Coe – Wolfe Research Walt Liptak – Seaport Chris Dankert – Loop Capital Julian Mitchell – Barclays Operator Good morning, and welcome to the ...

ԹRegalRexnord Creating a better tomorrow™… Second Quarter 2022 Earnings August 2, 2022 Louis Pinkham, Chief Executive Officer Rob Rehard, Vice President, Chief Financial Officer 2Q 2022 FORWARD LOOKING STATEMENTS This press release contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Regal Rexnord's current estimates, expectations and projections about Regal Rexnord's future results, performance, prospects and opportunities. ...

[PART I — FINANCIAL INFORMATION](index=5&type=section&id=PART%20I%20%E2%80%94%20FINANCIAL%20INFORMATION) This section encompasses the company's unaudited financial statements, management's analysis, market risk disclosures, and internal controls [Item 1 — Condensed Consolidated Financial Statements (Unaudited)](index=5&type=section&id=Item%201%20%E2%80%94%20Condensed%20Consolidated%20Financial%20Statements%20%28Unaudited%29) Unaudited condensed consolidated financial statements show significant increases in net sales and income, reflecting recent acquisitions and an accounting method change Q1 2022 vs Q1 2021 Performance Summary | Metric | Three Months Ended March 31, 2022 | Three Months Ended April 3, 2021 | | :--- | :--- | :--- | | **Net Sales** | $1,298.5 million | $814.1 million | | **Gross Profit** | $421.9 million | $249.8 million | | **Income from Operations** | $169.9 million | $101.5 million | | **Net Income Attributable to Regal Rexnord** | $125.6 million | $68.9 million | | **Diluted EPS** | $1.85 | $1.68 | - The company changed its inventory valuation method from Last-In, First-Out (LIFO) to First-In, First-Out (FIFO) as of January 2, 2022, believing it provides a better matching of costs and revenues and improves comparability, with this change applied retrospectively to all presented periods[29](index=29&type=chunk)[31](index=31&type=chunk) - Effective for fiscal year 2022, the company changed its fiscal year-end from a 52-53 week structure to a calendar year ending on December 31[28](index=28&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed notes to the financial statements, including information on acquisitions, goodwill, financing activities, and tax rates - On October 4, 2021, the company completed its combination with the Rexnord Process & Motion Control (PMC) business in a Reverse Morris Trust transaction, with the total preliminary purchase price approximately **$4.0 billion**[46](index=46&type=chunk)[52](index=52&type=chunk) - On November 23, 2021, the company acquired Arrowhead Systems, LLC for **$315.6 million** in cash, now part of the Motion Control Solutions segment[62](index=62&type=chunk) Goodwill by Segment (as of March 31, 2022) | Segment | Goodwill (in millions) | | :--- | :--- | | Commercial Systems | $428.9 | | Industrial Systems | $128.7 | | Climate Solutions | $330.4 | | Motion Control Solutions | $3,163.3 | | **Total** | **$4,051.3** | - On March 28, 2022, the company entered into a Second Amended and Restated Credit Agreement, which includes a **$550.0 million** Term Facility, a **$486.8 million** Land Term Facility, and a **$1.0 billion** Multicurrency Revolving Facility, all maturing in 2027[81](index=81&type=chunk)[82](index=82&type=chunk) - During Q1 2022, the company repurchased **731,194 shares** of its common stock for **$114.2 million** under its authorized share repurchase program[93](index=93&type=chunk) - The effective tax rate for Q1 2022 was **22.2%**, down from **23.3%** in Q1 2021, primarily due to additional tax reserves for foreign earnings repatriation in the prior-year period[97](index=97&type=chunk) [Item 2 — Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Item%202%20%E2%80%94%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses significant Q1 2022 net sales growth from acquisitions and organic expansion, alongside decreased operating cash flow due to increased working capital Q1 2022 Net Sales Growth Components | Component | Percentage Change | | :--- | :--- | | Acquisitions | +45.1% | | Organic Sales | +15.2% | | Foreign Currency Translation | -0.8% | | **Total Net Sales Increase** | **+59.5%** | Segment Net Sales (Q1 2022 vs Q1 2021) | Segment | Q1 2022 Net Sales (in millions) | Q1 2021 Net Sales (in millions) | YoY Change | | :--- | :--- | :--- | :--- | | Commercial Systems | $293.3 | $237.0 | +23.8% | | Industrial Systems | $144.7 | $136.4 | +6.1% | | Climate Solutions | $273.9 | $239.1 | +14.6% | | Motion Control Solutions | $586.6 | $201.6 | +191.0% | - Cash flow used in operating activities was **$5.9 million**, a decrease of **$55.4 million** from the prior year, primarily due to an increase in working capital[162](index=162&type=chunk) - Working capital increased to **$1,915.8 million** at March 31, 2022, from **$1,713.3 million** at January 1, 2022, mainly due to higher accounts receivable and inventory levels[165](index=165&type=chunk) [Item 3 — Quantitative and Qualitative Disclosures about Market Risk](index=40&type=section&id=Item%203%20%E2%80%94%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company discloses its exposure to market risks from interest rates, foreign currency, and commodity prices, and its use of derivatives to manage these risks - The company manages interest rate risk on its **$1,992.0 million** of variable rate debt, where a hypothetical **10%** change in the average borrowing rate would result in a **$3.5 million** change in after-tax annualized earnings[180](index=180&type=chunk)[181](index=181&type=chunk) - Foreign currency risk is managed using forward exchange contracts, with outstanding contracts as of March 31, 2022, having notional amounts of **$264.0 million** for Chinese Renminbi, **$210.4 million** for Mexican Peso, and **$209.3 million** for Euro, among others[183](index=183&type=chunk)[185](index=185&type=chunk) - Commodity price risk for materials like copper and aluminum is hedged with forward contracts, including a notional amount of **$158.6 million** for copper outstanding at quarter-end[186](index=186&type=chunk)[188](index=188&type=chunk) [Item 4 — Controls and Procedures](index=42&type=section&id=Item%204%20%E2%80%94%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2022, with no material changes to internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[191](index=191&type=chunk) - No changes in internal control over financial reporting occurred during the fiscal quarter that have materially affected, or are reasonably likely to materially affect, these controls[192](index=192&type=chunk) [PART II — OTHER INFORMATION](index=42&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) This section provides updates on legal proceedings, discusses additional risk factors, details equity security sales, and lists filed exhibits [Item 1 — Legal Proceedings](index=42&type=section&id=Item%201%20%E2%80%94%20Legal%20Proceedings) The company reports no material changes in its legal proceedings since the filing of its Annual Report on Form 10-K - There have been no material changes in the legal matters described in the company's Annual Report on Form 10-K for the year ended January 1, 2022[194](index=194&type=chunk) [Item 1A — Risk Factors](index=42&type=section&id=Item%201A%20%E2%80%94%20Risk%20Factors) This section supplements existing risk factors, highlighting risks from significant international operations and the potential impacts of the Russia-Ukraine conflict - The company highlights risks associated with its significant international manufacturing presence, with approximately **24,000 of its 30,000 total associates** and **61 principal facilities** located outside the U.S[196](index=196&type=chunk) - The conflict between Russia and Ukraine is cited as a specific risk that could negatively impact the global economy, leading to supply chain disruptions, significant inflationary pressure on raw materials, and other adverse effects on the company's financial condition[197](index=197&type=chunk)[198](index=198&type=chunk) [Item 2 — Unregistered Sales of Equity Securities and Use of Proceeds](index=43&type=section&id=Item%202%20%E2%80%94%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's share repurchases during Q1 2022, totaling **731,194 shares** for **$114.2 million**, under its authorized repurchase program Share Repurchases in Q1 2022 | Period | Total Shares Purchased | Average Price Paid per Share | Total Value (in millions) | | :--- | :--- | :--- | :--- | | Jan 2022 | 108,867 | $153.64 | $16.7 | | Feb 2022 | 224,970 | $156.62 | $35.2 | | Mar 2022 | 397,357 | $156.73 | $62.3 | | **Total** | **731,194** | **-** | **$114.2** | - The Board of Directors approved a **$500.0 million** share repurchase authorization on October 26, 2021, which has no expiration date[201](index=201&type=chunk) [Item 6 — Exhibits](index=44&type=section&id=Item%206%20%E2%80%94%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including the credit agreement, accounting principle change letter, and CEO/CFO certifications - Key exhibits filed with this report include the Second Amended and Restated Credit Agreement, a preferability letter for the change in inventory accounting, and CEO/CFO certifications pursuant to the Sarbanes-Oxley Act[203](index=203&type=chunk)

Regal Rexnord Corporation (NYSE:RRX) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Robert Barry - VP, IR Louis Pinkham - CEO Robert Rehard - VP & CFO Conference Call Participants Mike Halloran - Baird Jeff Hammond - KeyBanc Capital Markets Nigel Coe - Wolfe Research Chris Glynn - Oppenheimer Chris Dankert - Loop Capital Walt Liptak - Seaport Research Operator Good day, and welcome to the Regal Rexnord First Quarter 2022 Earnings Conference Call and Webcast. All participan ...

r RegalRexnord Creating a better tomorrow™… First Quarter 2022 Earnings April 28, 2022 Louis Pinkham, Chief Executive Officer Rob Rehard, Vice President, Chief Financial Officer 1Q 2022 FORWARD LOOKING STATEMENTS Creating a better tomorrow™… This document contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Regal Rexnord's current estimates, expectations and projections about Regal Rexnord's future results, performance, pros ...

Financial Performance & Strategic Moves - Altra's 2021 sales increased by 10% year-over-year, reaching $1.9 billion[9] - Q4 2021 sales reached $469.8 million, with organic sales growth of 4.1%[30] - The company's book-to-bill ratio in Q4 2021 was 111%, driving backlog to over $800 million[9] - Altra achieved free cash flow of $176.4 million in 2021 and paid down $155 million of debt[9] - Net Debt to Non-GAAP Adjusted EBITDA leverage exited 2021 at 3.0x[9] - The company expects 2022 sales to be between $2.025 billion and $2.065 billion[39] Acquisitions & Divestitures - Altra acquired Nook Industries on December 31, 2021, with Nook's 2021 revenue estimated at approximately $42 million[11] - An agreement was announced to sell JVS to Cummins Inc for $325 million, expected to close in 2022[12] Market Trends - Transportation accounted for 14% of Altra's sales[15] - Factory Automation & Specialty Machinery accounted for 12% of Altra's sales[17] - Turf & Garden, Ag, & Construction accounted for 10% of Altra's sales[18]

Financial Data and Key Metrics Changes - In 2021, the company achieved sales growth of 10% to $1.9 billion, reaching the high end of guidance [11] - Full year net income was $27.7 million or $0.42 per diluted share, compared to a loss of $25.5 million or $0.39 per share in 2020 [14] - Non-GAAP diluted EPS for 2021 increased from $2.88 to a record $3.22 [14] - Generated $176 million in non-GAAP free cash flow in 2021, allowing for a total debt reduction of $155 million [15] Business Line Data and Key Metrics Changes - The PTT segment's net sales, excluding FX, were up 13% year-over-year, demonstrating resilience [38] - The A&S segment's net sales, excluding FX, were down 3.6% year-over-year, impacted by semiconductor lead times and tough comparisons from the previous year [39] - Organic sales in Europe and North America were up 10.6% and 12.4%, respectively, while Asia saw a decline of 20.2% [40] Market Data and Key Metrics Changes - Transportation represented approximately 14% of business, with Q4 sales down double digits due to a slowdown in China [19] - Factory automation and specialty machinery, representing about 12% of business, saw high double-digit growth year-over-year [20] - Medical equipment sales were down double digits year-over-year, affected by tough comparisons from prior COVID-related sales [23] - Distribution, accounting for about 25% of sales, was up double digits from Q4 last year [28] Company Strategy and Development Direction - The company is focused on positioning itself as a premier industrial company with a diverse portfolio of highly engineered products [29] - Recent acquisitions, such as Nook Industries, are expected to enhance cross-selling opportunities and customer relationships [17] - The sale of Jacobs Vehicle Systems aligns with the strategy to concentrate on core markets [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from supply chain, logistics, and labor shortages but expressed confidence in strong underlying demand [12][49] - The company anticipates that pricing actions will help restore typical historical margins by Q2 2022 [13] - Despite challenges, the company expects continued strength across most markets in 2022, supported by a strong backlog [51] Other Important Information - The company ended 2021 with a record backlog of over $800 million and a book-to-bill ratio of 1.11 [11] - The 2022 guidance includes contributions from Nook Industries and anticipates annual sales between $2.025 billion and $2.065 billion [53] Q&A Session Summary Question: Sales outlook for first versus second half growth rates - Management indicated that supply chain and labor shortages are significant throttles on business, with expectations for better performance in the second half of the year as challenges ease [60][61] Question: Growth rates for Nook Industries - Nook is expected to grow in the 5% to 7% range, with synergies anticipated to contribute $6 million to the top line [64] Question: Expected net proceeds from the JVS sale - Estimated net proceeds from the JVS sale are about $285 million after accounting for taxes [66] Question: Sequential margins and price/cost dynamics - Management noted that the price/cost dynamic has shifted, with expectations for margin improvement in the second half of the year as pricing actions take effect [68][69] Question: Inventory levels and channel inventory - Management expressed confidence in managing inventory levels, indicating that demand remains high and inventory is being sold through effectively [76][78] Question: Focus on acquisitions and market trends - The company is focused on sectors with better growth trends and is currently building a pipeline for future acquisitions post-JVS transaction [82]

Altra Industrial Motion Corp. (AIMC) Q3 2021 Earnings Conference Call October 22, 2021 10:00 AM ET Company Participants David Calusdian - President, Sharon Merrill Associates Carl Christenson - Chairman & Chief Executive Officer Christian Storch - Executive Vice President & Chief Financial Officer Todd Patriacca - Chief Accounting Officer, Vice President of Finance, Corporate Controller & Treasurer Conference Call Participants Bryan Blair - Oppenheimer Jeff Hammond - KeyBanc Capital Markets Mike Halloran - ...

Financial Performance - Revenue reached $469.3 million, a 7% year-over-year increase, driven by strong demand across most end-markets, but tempered by supply chain challenges[8] - Non-GAAP Adjusted EBITDA was $97.0 million, representing 20.7% of sales, a decrease of 4.7% from the previous year but an increase of 9% from Q3 2019[8] - The company achieved a gross margin of 36.2%, down 130 bps from the previous year but up 80 bps from Q3 2019[8] - GAAP diluted EPS was $0.54, compared to $0.59 in Q3 2020, while non-GAAP diluted EPS was $0.80, compared to $0.87 in Q3 2020[8] Balance Sheet and Debt - The company paid down an additional $70 million of debt in Q3, bringing the year-to-date total to $120 million[9, 10] - Net Debt to Non-GAAP Adjusted EBITDA leverage ratio stood at 2.7x at the end of the quarter[9] - Available credit line was $257 million and cash balance was $295 million as of September 30, 2021[32] Guidance - Sales are projected to be between $1,880 million and $1,900 million[37] - Non-GAAP Adjusted EBITDA is expected to be between $390 million and $400 million[37] - Non-GAAP Free Cash Flow is projected to be between $200 million and $225 million[37] Strategic Priorities - The company is focused on leveraging the Altra Business System, de-levering the balance sheet, enhancing margins, driving topline growth, and advancing ESG initiatives[26]