Earnings summaries and quarterly performance for Ralliant.
Research analysts who have asked questions during Ralliant earnings calls.
Amit Daryanani
Evercore
1 question for RAL
Also covers: AAPL, AKAM, ANET +22 more
David Ridley-Lane
Bank of America
1 question for RAL
Also covers: ATMU, CNM, EMR +5 more
Julian Mitchell
Barclays Investment Bank
1 question for RAL
Also covers: AIRJ, ALLE, AME +26 more
Piyush Avasthy
Citi
1 question for RAL
Also covers: CGNX, ZBRA
Robert Jamieson
Vertical Research Partners
1 question for RAL
Also covers: AME, BDC, KEYS +4 more
Scott Graham
Seaport Research Partners
1 question for RAL
Also covers: AEIS, AME, AOS +8 more
Recent press releases and 8-K filings for RAL.
Ralliant Corporation Amends Credit Agreement
RAL
Debt Issuance
- Ralliant Corporation entered into Amendment No. 1 to its Credit Agreement on November 24, 2025.
- The amendment reduces the Term SOFR interest rate by 0.10% for the company's revolving credit facility and term loans.
- It also eliminates the ratings-based pricing grid that previously applied to the revolving credit facility and term loans.
- The company permanently reduced outstanding undrawn commitments to $0 for its three-year and eighteen-month term loans, thereby eliminating the 0.125% ticking fee on these commitments.
Nov 25, 2025, 9:45 PM
Ralliant Discusses Post-Spin Performance, Growth Vectors, and Business Outlook at Baird Conference
RAL
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Ralliant, an independent public company since its spin-off five months ago (June 30th), operates with two segments: Sensors and Safety Systems (60% of business) and Test and Measurement (40% of business), reporting $2 billion in revenue last year.
- The company highlights strong growth vectors in defense, with almost twice its annual revenues in backlog for 2026-2028, and power grid modernization, driven by aging infrastructure and retrofits.
- Ralliant plans to increase its CapEx rate from 2% to 2%-3% of revenue by 2026 to support organic growth, including potential expansion of its defense business footprint by 2027-2028.
- The Test and Measurement segment is experiencing a modest recovery, showing 400-500 basis points of margin improvement from Q2 to Q3, with new product launches like the MP5000 opening new market adjacencies.
Nov 11, 2025, 1:55 PM
Ralliant Discusses Post-Spin-Off Performance and Growth Strategy
RAL
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
- Ralliant recently completed its spin-off, holding its first earnings call as an independent public company after separating about five months ago (June 30th). The company reported $2 billion in revenue last year with 7,000 employees globally.
- The business is diversified into Sensors and Safety Systems (60%) and Test and Measurement (40%). The Sensors and Safety Systems segment, particularly its defense business, has a strong backlog with almost twice its annual revenues established for 2026, 2027, and 2028.
- Key growth vectors include defense, power grid, and electrification. The power grid business is capitalizing on aging infrastructure and a two-year transformer waitlist through retrofits and AI-driven analytics.
- The Test and Measurement segment is showing sequential revenue improvement despite negative year-over-year trends, with new product launches aimed at expanding market share and driving future growth.
- Ralliant's capital allocation prioritizes organic growth and shareholder returns, with CapEx projected to increase from 2% to 2%-3% of revenue by 2026 to fund growth initiatives.
Nov 11, 2025, 1:55 PM
Ralliant Discusses Post-Spin Progress, Growth Vectors, and Segment Performance
RAL
New Projects/Investments
Product Launch
Guidance Update
- Ralliant, which became an independent public company five months ago, recently held its first earnings call and operates with two segments: Sensors and Safety Systems (60% of business) and Test and Measurement (40% of business), reporting $2 billion in revenue last year.
- The Sensors and Safety Systems segment, including the PacSci EMC defense business, has a strong backlog of nearly twice its annual revenues for 2026-2028 and plans capacity expansion. The power grid business is capitalizing on the need to upgrade 70% of the U.S. grid infrastructure that is over 25 years old.
- The Test and Measurement segment is experiencing a modest recovery with sequential revenue improvement since Q1 and has launched two new products, including the MP5000, which opens a new market adjacency.
- Ralliant targets a total growth rate of 3%-5% and plans to increase its CapEx rate from 2% to 2%-3% of revenue in 2026 to support organic growth. The Sensors and Safety Systems segment operates at high 20s EBITDA %, while Test and Measurement aims for mid-teens to low 20s through cycle, showing 400-500 basis points improvement from Q2 to Q3.
Nov 11, 2025, 1:55 PM
Ralliant Presents Financial Targets and Growth Strategy at Baird 2025 Global Industrial Conference
RAL
Guidance Update
New Projects/Investments
- Ralliant (RAL) presented at the Baird 2025 Global Industrial Conference on November 11, 2025.
- In 2024, Ralliant reported over $2 billion in revenue, with its business primarily divided into Sensors & Safety Systems (~60% of revenue) and Test & Measurement (~40% of revenue).
- The company targets 3-5% through-cycle revenue growth, low to mid-20s adjusted EBITDA margin, and 95%+ free cash flow conversion.
- Ralliant's growth strategy focuses on operational discipline, maintaining stronghold positions, and expanding into key growth vectors such as Defense technologies, Grid modernization, and Electrification.
- The company aims to generate over $1 billion of cumulative free cash flow through 2028.
Nov 11, 2025, 1:55 PM
Ralliant Reports Q3 2025 Results and Provides Q4 2025 Outlook
RAL
Earnings
Guidance Update
Product Launch
- Ralliant Corporation reported Q3 2025 revenue of $529 million, a 5% sequential increase, and adjusted EPS of $0.60, which was at the high end of their guidance range.
- The company achieved an adjusted EBITDA margin of 20.4% and generated $127 million in free cash flow, representing a 185% conversion rate.
- For Q4 2025, Ralliant expects revenue between $535 million and $550 million, an adjusted EBITDA margin of 20%-21%, and adjusted EPS of $0.62-$0.68.
- Key operational highlights include the launch of two new high-performance precision instruments by Tektronix and progress on a cross-savings program targeting $9 million-$11 million in annualized savings by the end of 2026.
- The board authorized a quarterly cash dividend of $0.05 per share and a $200 million share repurchase authorization.
Nov 6, 2025, 1:30 PM
Ralliant Announces Q3 2025 Financial Results and Q4 2025 Outlook
RAL
Earnings
Guidance Update
- Ralliant reported Q3 2025 revenue of $529 million, which was flat year-over-year but increased 5% sequentially, with adjusted diluted EPS of $0.60 and an adjusted EBITDA margin of 20.4%.
- The Sensors & Safety Systems segment was a strong performer, with revenue growing 11% year-over-year to $326 million in Q3 2025, driven by 18% growth in Defense & Space and 11% growth in Utilities.
- For Q4 2025, the company anticipates revenue between $535 million and $550 million, an adjusted EBITDA margin of 20% to 21%, and adjusted EPS ranging from $0.62 to $0.68.
- Ralliant is executing a Cost Savings Program designed to deliver $9-$11 million in annualized cost savings by the end of 2026.
Nov 6, 2025, 1:30 PM
Ralliant Reports Third Quarter 2025 Financial Results
RAL
Earnings
Guidance Update
- Ralliant reported revenue of $529 million for Q3 2025, which was flat year-over-year and increased 5% sequentially.
- Net earnings for the quarter were $40 million, resulting in diluted EPS of $0.35 and adjusted EPS of $0.60.
- The company generated $139 million in operating cash flow and $127 million in free cash flow.
- The Sensors & Safety Systems segment's revenue was $326 million, marking an 11% increase year-over-year and 5% sequential growth.
- Ralliant is on track to deliver $9-$11 million of annualized cost savings by the end of 2026 through its Cost Savings Program.
Nov 5, 2025, 10:26 PM
Quarterly earnings call transcripts for Ralliant.
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