Risk Factors Update Summary

• Added business optimization initiatives and restructuring activities to reduce costs by consolidating facilities. This could result in significant cost savings.
• Increased aggregate debt outstanding from approximately $26 billion to $32 billion, including a substantial amount incurred in connection with the Altra Transaction.
• Continuing to evaluate strategic alternatives for the global motors and generators businesses, which comprise a majority of the Industrial Systems operating segment.
• Added potential risks associated with the proposed sale of the global motors and generators businesses, including the possibility of not satisfying conditions or timelines.
• Mentioned the ongoing impacts of geopolitical conflicts, such as those between Russia and Ukraine, which could negatively affect the global economy and operations.
• Highlighted the potential adverse effects of changes in labor or employment laws on operating costs and business operations.
• Noted the volatility of the market price of shares of common stock, which could be affected by broad market fluctuations.