Ralliant Corp
NYSE:RAL
Ralliant Corp
Ralliant Corp is a US-based company operating in industry. The company is headquartered in Raleigh, North Carolina. The company went IPO on 2025-06-25. Ralliant Corporation is a global provider of precision technologies that specializes in designing, developing, manufacturing and servicing precision instruments and highly engineered products. Through its segments, Test and Measurement and Sensors and Safety Systems, it empowers engineers with precision technologies essential for breakthrough innovation in an electrified and digital world. The Test and Measurement segment provides precision test and measurement instruments, systems, software, and services. The Sensors and Safety Systems segment provides power grid monitoring solutions, safety systems for mission-critical aero, defense and space applications, and sensing solutions for critical environments where uptime, precision and reliability are essential. Its brands under the Test and Measurement segment include Keithley Instruments, Sonix, EA Elektro-Automatik, and others. Its brands under the Sensors and Safety Systems segment include Qualitrol, Gems Sensors, and others.
Ralliant Corp is a US-based company operating in industry. The company is headquartered in Raleigh, North Carolina. The company went IPO on 2025-06-25. Ralliant Corporation is a global provider of precision technologies that specializes in designing, developing, manufacturing and servicing precision instruments and highly engineered products. Through its segments, Test and Measurement and Sensors and Safety Systems, it empowers engineers with precision technologies essential for breakthrough innovation in an electrified and digital world. The Test and Measurement segment provides precision test and measurement instruments, systems, software, and services. The Sensors and Safety Systems segment provides power grid monitoring solutions, safety systems for mission-critical aero, defense and space applications, and sensing solutions for critical environments where uptime, precision and reliability are essential. Its brands under the Test and Measurement segment include Keithley Instruments, Sonix, EA Elektro-Automatik, and others. Its brands under the Sensors and Safety Systems segment include Qualitrol, Gems Sensors, and others.
Revenue Beat: Q4 revenue of $555 million was slightly above guidance, with stable to improving trends across end markets and a sequential growth of 5%.
Margins & Cash Flow: Adjusted EBITDA margin was 20.8% in Q4, and free cash flow conversion reached 117%, well above the long-term target.
Guidance Issued: 2026 revenue is expected between $2.1 billion and $2.2 billion (2% to 6% growth), with adjusted EBITDA margin of 18%-20%. Q1 2026 revenue is guided at $508-$522 million.
Profitability Headwinds: Margin is expected to decline year-over-year in 2026 due to higher operating expenses post-spin and increased investment in growth.
Goodwill Impairment: A $1.4 billion noncash goodwill impairment was recorded for the EA Elektro-Automatik business due to weaker EV demand and revised industry forecasts.
Dividends & Buybacks: Board authorized a $0.05 per share dividend and a $200 million share repurchase program.
End Market Trends: Sensors & Safety Systems grew 6% in Q4, especially in defense and utilities, while Test & Measurement declined 6% year-over-year but improved sequentially.
