Ralliant (NYSE: RAL) sets 2026 guidance, margin goals and boosts buybacks

Rhea-AI Filing Summary

Ralliant Corporation furnished an investor presentation outlining its 2026 outlook and long-term financial targets. The company expects 2026 revenue of $2.1–$2.2 billion, with 3–5% growth and adjusted EBITDA margin of 18–20%, about 100 basis points above its normalized 2025 margin of 18.1%.

Management reiterated a long-term through‑cycle adjusted EBITDA margin target in the low‑to‑mid‑20% range and incremental adjusted EBITDA margins of 30–35%, with 40–45% expected in 2026. Adjusted EPS guidance for 2026 is $2.22–$2.42, and free cash flow conversion is targeted above 95%, following 117% in 2025.

The presentation highlights completion of Ralliant’s transition to a standalone public company, including a full‑year normalization of post‑spin costs that would have reduced 2025 adjusted EBITDA margin by 240 basis points to 18.1%. Ralliant also began returning capital, declaring a quarterly dividend of $0.05 per share and repurchasing 935,000 shares for $39.2 million at an average price of $41.94.

Insights

Equity and credit analyst

Ralliant pairs clear 2026 guidance with strong cash generation and active buybacks.

Ralliant lays out a detailed 2026 plan: revenue of $2.1–$2.2B, adjusted EBITDA margin of 18–20%, and adjusted EPS of $2.22–$2.42. Management normalizes 2025 margins to 18.1% after adding $50M in post‑spin costs, framing 2026 as ~100 bps expansion.

The deck also reconciles 2025 non‑GAAP results, including a large $1.44B goodwill impairment and 20.5% reported adjusted EBITDA margin before normalizing to 18.1%. Free cash flow of $358.4M versus adjusted net earnings of $305.3M yields 117.4% conversion, supporting the >95% target.

Capital allocation emphasizes balance: a quarterly dividend of $0.05 per share and repurchases of 935k shares for $39.2M, with $200M authorized and about $160M remaining capacity as of February 16, 2026. Subsequent filings and earnings reports will clarify how actual 2026 performance tracks this guidance and long‑term margin ambitions.

false000204138500020413852026-02-172026-02-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_______________

FORM 8-K

_______________

  CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 17, 2026

_______________

Ralliant Corporation

(Exact name of registrant as specified in its charter)

_______________

Delaware

(State or Other Jurisdiction of Incorporation)

1-42633						99-5127620
(Commission File Number)						(IRS Employer Identification No.)

4114 Center at North Hills Street
Suite 400
Raleigh,			NC						27609
(Address of principal executive offices)									(Zip code)

(984) 375-7255

(Registrant's Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading symbol			Name of each exchange on which registered
Common stock, par value $0.01 per share			RAL			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure

On February 17, 2026, Ralliant Corporation posted a form of investor presentation on its Investor Relations website at https://investors.ralliant.com for use with analysts and investors at the Citi 2026 Global Industrial Tech and Mobility Conference to be held on Tuesday, February 17, 2026, and the Barclays 43rd Annual Industrial Select Conference to be held on Wednesday, February 18, 2026. Replays of the webcasts for each conference will be archived on the foregoing website.

A copy of the form of investor presentation is furnished herewith as Exhibit 99.1 and incorporated by reference herein. The information set forth in this Item 7.01 of this Current Report on Form 8-K and the presentation attached hereto as Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and such information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

Exhibit No.						Description
99.1						Form of Investor Presentation
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

									RALLIANT CORPORATION
Date:			February 17, 2026			By:			/s/ Neill P. Reynolds
									Neill P. Reynolds
									Chief Financial Officer

2025 INVESTOR DAY Ralliant Company Overview February 2026 1 Exhibit 99.1 Forward Looking Statements & Non-GAAP Financial Measures 22 Certain statements included in this presentation and the oral remarks made in connection herewith are “forward-looking statements” within the meaning of the U.S. federal securities laws. All statements other than historical factual information are forward-looking statements, including, without limitation, statements regarding: anticipated financial results, outlook, guidance, or assumptions underlying such outlook or guidance (including the effects of tariffs and our ability to offset them, the effects of seasonality on our business, impacts from changes in incentive compensation, and impacts of project timing); cash flows, the Company’s liquidity position or other financial measures; management’s plans and strategies for future operations and growth, including statements relating to anticipated operating performance, cost reductions and savings initiatives, innovation, manufacturing efficiency (including in connection with the use of artificial intelligence and automation), restructuring activities, new product and service developments, customer demand, including anticipated orders, competitive strengths or market position, acquisitions, divestitures, strategic opportunities, shareholder value creation, capital allocation priorities (including capital expenditures overall and as a percentage of revenue and investment priorities), stock repurchases and dividends; the effects of the separation from Fortive on the Company; growth, declines, and other trends in markets the Company sells into, including the expected impact of trade and tariff policies, impacts from changes in EV demand, and long-term through-cycle growth targets for our end-markets; changes in government contracting requirements and in federal spending; new or modified laws, regulations and accounting pronouncements; outstanding claims, legal proceedings, tax audits and assessments and other contingent liabilities; foreign currency exchange rates and fluctuations in those rates; tax rates, tax provisions, and the impact of changes to tax laws; general economic and capital markets conditions, including expected impact of inflation or interest rate changes; impact of geopolitical events and other hostilities; the timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that the Company intends or believes will or may occur in the future. The timing and amount of share repurchases (if any) will be determined by Ralliant based on its evaluation of market conditions and other factors and our stated plans do not obligate Ralliant to acquire any particular amount of shares and may be suspended or discontinued at any time. Terminology such as “believe”, “expect”, “anticipate”, “forecast”, “positioned”, “intend”, “plan”, “project”, “estimate”, “grow”, “will”, “should”, “could”, “would”, “may”, “strategy”, “opportunity”, “possible”, “potential”, “outlook”, “assumptions”, “target”, “on track”, and “guidance” and similar references to future periods are intended to identify forward-looking statements, although not all forward-looking statements are accompanied by such words. Forward-looking statements are based on assumptions and assessments made by management of the Company in light of their experience and perceptions of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. These forward-looking statements are subject to a number of risks and uncertainties, including but not limited to the risks and uncertainties set forth under “Cautionary Statement Concerning Forward-Looking Statements”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Information Statement filed as an exhibit to the Company’s Form 10-12B/A with the U.S. Securities and Exchange Commission (the “SEC”) on May 28, 2025, and under “Information Relating to Forward-Looking Statements,” “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Quarterly Report on Form 10-Q filed with the SEC on November 6, 2025 and Annual Report on Form 10-K for the year ended December 31, 2025 to be filed later with the SEC (the Company’s “Annual Report on Form 10-K”). Forward-looking statements are not guarantees of future performance and actual results may differ materially from the results, developments, and business decisions contemplated by the Company’s forward- looking statements. Accordingly, you should not place undue reliance on any such forward-looking statements. Forward-looking statements speak only as of the date of the document or other communication in which they are made (or such earlier date as may be specified in such statement). Ralliant assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise. All fourth quarter and full year 2025 financial information in this presentation is preliminary, based on the Company's estimates and subject to completion of its financial closing procedures. Final results for the full year, which will be reported in the Company’s Annual Report on Form 10-K, may vary from the information in this presentation. In particular, until the Company's financial statements are issued in the Annual Report on Form 10-K, it may be required to recognize certain subsequent events (such as in connection with contingencies or the realization of assets) which could affect the Company's final results. This presentation contains references to financial measures not presented in accordance with generally accepted accounting principles in the United States (“GAAP”). Please refer to the Appendix of this presentation for reconciliations of historical non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP. The Company has not reconciled the forward- looking statements regarding non-GAAP measures for "adjusted EBITDA margin" (including segment adjusted EBITDA margin), "incremental adjusted EBITDA margin," "adjusted EPS,“ “organic revenue growth,” "free cash flow," or "free cash flow conversion," because we are unable to do so without unreasonable efforts or to reasonably estimate the projected outcome of certain significant items, including currency impacts, impacts of acquisitions and divestitures and similar adjustments. These items are uncertain, depend on various factors out of our control and could have a material impact on the corresponding measures calculated in accordance with GAAP. Non-GAAP Financial Measures 2025 INVESTOR DAY TAMI NEWCOMBE President and Chief Executive Officer Key Messages 4 01 02 03 Making progress towards long-term targets communicated at Investor Day in June 2025 despite 2025 normalized and 2026 adj. EBITDA margin guidance below target 1. Represents shares repurchased February 6, 2026, through February 16, 2026 Further discussion regarding our use of Non-GAAP financial measures and reconciliations between certain GAAP and non-GAAP measures are included in the Appendix of this presentation. Enter 2026 with transition to standalone public company complete, clarity on our post-spin cost structure, and executing for both growth and profitability 04 Delivered results at the high end or above every quarterly guidance metric as a public company; Incrementally more positive about our end markets and growth opportunity Confidence in long-term value demonstrated by commencement of share repurchases; repurchased 935k shares in the open market for $39 million since Q4 earnings1

5 Our Precision Technologies Create Confidence… ALT OPTION What we do We deliver instruments and sensors & safety systems for applications where accuracy, reliability, and safety matter. Why it matters Precision creates confidence for the innovators, scientists, and engineers we empower. Who we serve Customers designing mission critical systems in demanding environments like utilities, aerospace, defense, electronics, and industrial manufacturing. What sets us apart Our people-first culture, precision expertise, and the Ralliant Business System together drive growth and productivity. BY THE NUMBERS ~7K Team Members ~20 Manufacturing Sites ~90K Customers ~2.2K Active Patents ~$2.1B Revenue1 6 Ralliant Overview 1. 2025 as reported financials. RBS Everywhere Continuing our operating discipline to unlock efficiency and profitability enterprise-wide Winning Growth Vectors Expanding portfolio to capture outsized secular growth in defense technologies, grid modernization and power electronics Stronghold Positions Deepening our advantaged positions in target markets where we have longstanding customer loyalty EXECUTING OUR PROFITABLE GROWTH STRATEGY 7 100+ Years of Innovation: Ralliant Business Segments Overview Power grid monitoring solutions, defense and space technology, and industrial sensors for demanding environments where uptime, precision, and reliability are non-negotiable Precision instruments, software, and services essential to the future of electronics, communications, and energy storage systems SENSORS & SAFETY SYSTEMS ~60% % of revenue1 TEST & MEASUREMENT Defense & Space 17% Semiconductor 8% Industrial Manufacturing 21% Utilities 15% Diversified Electronics3 19% Communications 12% ~40% % of revenue1 • 1. Based on full year 2025 revenue. End market percentages may not foot due to rounding. 2. Other includes Food and Beverage, Healthcare, and HVAC. 3. Diversified Electronics includes Industrial, Consumer, Automotive, Medical, Education, and General Purpose. Other2 9% 2025 INVESTOR DAY 2026 Guidance and Long- Term Targets

9 Reiterating 2026 Guidance 1. Established at June 2025 Investor Day. Ralliant does not provide a reconciliation for non-GAAP estimates for adjusted EPS, adjusted EBITDA margin, Incremental adjusted EBITDA margins, organic revenue growth, or free cash flow conversion on a forward-looking basis because the information necessary to calculate a meaningful or accurate estimation of reconciling items is not available without unreasonable effort. See the Appendix of this presentation for more information. Guidance in line with long-term growth and incremental margin targets, but below long-term adj. EBITDA margin target Long-Term Through-cycle Targets1 Full-Year 2026 Guidance FY2026 Guidance Expectations vs. Investor Day Targets Revenue Growth 3% – 5% $2.1 to $2.2B • 2-6% organic revenue growth in 2026 is in line with long-term target Adj. EBITDA Margin Low-to-Mid-20s 18% - 20% • ~100 bps of Adj. EBITDA margin expansion at the mid-point vs. normalized 2025 Adj. EBITDA margin of 18.1%, but starting below long-term target Incremental Adj. EBITDA Margin 30%-35% 40%-45% • Incremental margin vs. normalized 2025 Adj. EBITDA margin above long- term targets, inclusive of the announced $9-$11M Cost Savings Program Adj. EPS Not Provided $2.22 to $2.42 • First full year as a public company, establishing go-forward baseline FCF Conversion > 95% > 95% • Expect to continue track record of strong cash generation and conversion in line with long-term target following 117% FCF conversion in 2025 20.5% (240) 18.1% Up to 200 2025 Lapping Pre-Spin Costs in 1H'26 Pro Forma 2025 Uplift from 40- 45% Incremental Margins 2026 Outlook Im act of Full Year of Post- Spin Costs in 2025 Normalized 2025 10 Path to Long-Term Adj. EBITDA Margin Target Through Strong Revenue Growth and Incremental Margins 1. Adjusted results exclude a non-cash goodwill impairment charge of $1.4 billion related to the Test & Measurement reporting unit. The impairment was primarily driven by revised expectations for the EA Elektro-Automatik business that was acquired in January 2024, reflecting slower-than-anticipated progression and recent reduction in industry forecasts of future electric vehicle (“EV”) adoption. 2. Adjusted OpEx excludes amortization costs and one-time Stock Based Compensation adjustment in Q3 2025. 3. Further discussion regarding our use of non-GAAP financial measures and reconciliations between certain GAAP and non-GAAP measures are included in the Appendix of this presentation. Adj. EBITDA Margin1,3 18% 20% (Adj. EBITDA Margin, %; Drivers Shown in bps) 1 2 3 Run-rate quarterly Adj. OpEx2 of ~$175M in 2H25 vs. ~$150M quarterly Adj. OpEx2 pre-spin in 1H253 $50M normalizing adjustment to 1H25 for additional post-spin costs corresponds to full year of ~$175M quarterly Adj. OpEx2 240 bps normalizing adjustment results in normalized 2025 adj. EBITDA margin of 18.1% for a normalized jumping off point for 2026 Incremental Adj. EBITDA Margin of 40-45% expected in 2026, includes all expected in-year headwinds and tailwinds 2026 guidance exceeds long-term through-cycle target of 30-35% communicated at June 2025 Investor Day 1 2 3 Despite a lower jumping off point, strong growth opportunities and incremental margins provide path to Adj. EBITDA Margin within long-term through-cycle range Incremental Adj. EBITDA Margin of 40-45% during periods of growth, supports through-cycle incremental margin target of 30-35% Low-to- Mid 20% Long-Term Target Incremental Margins 11 Full Year Of Post-spin Operating Expenses Would Have Reduced 2025 Adj. EBITDA Margin by 240 Basis Points Reflects $50M adjustment for additional post-spin costs ($25M in Q1 2025 and $25M in Q2 2025), corresponding to ~$175M quarterly run- rate of Adj. OpEx realized in 2H25 • ~$20M adjustment for standalone public company costs reported in Unallocated Corporate & Other • ~$30M adjustment for higher employee costs, such as healthcare, business insurance, and IT costs • Allocated to Sensors & Safety Systems and Test & Measurement segments ($M) Quarterly Adj. Operating Expenses1,2,3 Pre-Spin (1H25) quarterly run-rate ~$150 2025 employee merit increase +$5 Other employee costs +$3 – $5 Standalone public co. costs ($50-55M annualized) reported in Corporate & Other +$13 Post-Spin (2H25) quarterly run-rate estimate communicated with 2Q25 earnings results on August 11, 2025 ~$170 Additional post-spin quarterly employee costs +$5 Post-Spin (2H25) quarterly run-rate actuals communicated on 4Q25 earnings call on February 5, 2026 ~$175 1. Adjusted operating expenses exclude amortization and other non-GAAP adjustments as outlined in non-GAAP reconciliation tables in the Appendix. Implied quarterly rate based on pro forma financial statements included in Form 10 filed May 19, 2025. 2. Adjusted OpEx excludes amortization costs and one-time Stock Based Compensation adjustment in Q3 2025. 3. Further discussion regarding our use of non-GAAP financial measures and reconciliations between certain GAAP and non-GAAP measures are included in the Appendix of this presentation. ($M) FY2025 Adj. Operating Expenses1,2,3 FY2025 reported adj. operating expenses ~$650 Normalizing adjustment for full year of post-spin costs ~$50 FY2025 normalized adj. operating expenses ~$700 Adj. EBITDA Margin Impact of normalizing adjustment for full- year of post-spin costs 240 bps 1 12 Incremental Adj. EBITDA Margin in 2026 Expected to Exceed Long-term Through- cycle Target Communicated at June 2025 Investor Day 1. The Company has not reconciled the forward-looking statements regarding non-GAAP measures for Adj. EBITDA margin (including segment Adj. EBITDA margin) or incremental Adj. EBITDA margin because we are unable to do so without unreasonable efforts or to reasonably estimate the projected outcome of certain significant items, including currency impacts, impacts of acquisitions and divestitures and similar adjustments. FY2026 Expected Incremental Adj. EBITDA Margin of 40-45%1 Inclusive of 2 Expected Adj. EBITDA Margin Ranges Through the Cycle1 Sensors and Safety Systems High-20s Test and Measurement Mid-Teens to Low-20s Ralliant Low-to-Mid-20s Incremental Adj. EBITDA Margin of 30-35% + = Reiterating Long-Term, Through-Cycle Margin Targets Established at 2025 Investor Day + Progressing Cost-Savings Program + Ongoing RBS productivity initiatives + Dynamic resource allocation − Direct material cost inflation − Employee merit increase; incentive compensation reset to target levels − Investments in growth acceleration

13 Path to Long-Term Adj. EBITDA Margin Targets Through Strong Revenue Growth and Incremental Margins 1. As communicated at June 2025 Investor Day. 2. The Company has not reconciled the forward-looking statements regarding non-GAAP measures for Adj. EBITDA margin or incremental Adj. EBITDA margin because we are unable to do so without unreasonable efforts or to reasonably estimate the projected outcome of certain significant items, including currency impacts, impacts of acquisitions and divestitures and similar adjustments. 18% to 20% Low-to-mid-20s % 2026E Well-positioned to exceed expected long-term market growth Long-Term, Through- Cycle Target Line of sight to adj. EBITDA margin within long-term through-cycle target2 LT Expected Served Market Growth1 Defense & Space • Continued super-cycle of investment in defense programs resulting in growth above long-term target 5-7% Utilities • Durable infrastructure investments in grid modernization and data center demand expected to continue 5-7% Industrial Manufacturing • Stabilized in 2025 with positive signals of momentum in early 2026 0-2% Test & Measurement • After revenue low-point in 1Q25, sequential improvement throughout 2025 with return to growth expected in 2026 2-3% Line of sight to adj. EBITDA margin within long-term, through- cycle target Incremental adj. EBITDA margin of 40- 45% during periods of growth, supports through-cycle incremental margin target of 30-35% ~100 bps of Adj. EBITDA margin expansion at the mid-point vs. normalized 2025 Adj. EBITDA margin of 18.1% 3 14 Strong cash generation allowing for strategic reinvestment; Commenced share repurchases following 4Q25 earnings Disciplined Capital Allocation Approach Allocating capital to generate strong returns while maintaining target net leverage 01 Organic Reinvestment Organically invest in high growth markets aligned to long-term secular growth drivers • Organic investment accounted for within target incremental Adj. EBITDA margins • 30-35% over the long-term and 40-45% expected in 2026 • Record product launch year in 2025 and continue to invest in innovation enterprise-wide • Investing to increase capacity and commercial resources in Defense and Utilities 02 Return of Capital Return cash to shareholders through dividend and authorized buybacks • Declared quarterly dividend of $0.05/share on January 29, 2026 • Share repurchase authorization of $200 million in place with ~$160 million remaining capacity as of February 16, 2026 • Repurchased 935k shares at an average price of $41.94 for a total of $39.2M beginning February 6, 2026, following 4Q25 earnings announcement1 03 Focused Acquisitions Strategic tuck-ins with high return profile and strong value creation • Tuck-in acquisitions aligned with winning growth vectors • Focus on high returns with opportunity for operating synergies 1. Represents shares repurchased February 6, 2026, through February 16, 2026. 15 Clear Financial Priorities to Drive Value Creation TARGETING EARNINGS GROWTH AND SHAREHOLDER RETURNS R E T U R N S Return capital to shareholders and invest in growth vectors Disciplined Capital Allocation F R E E C A S H F L O W FCF conversion2,3 >95% Strong and Durable Free Cash Flow P R O F I TA B I L I T Y Adj. EBITDA margin2: Low-to-Mid-20s Incremental margins: 30-35% Adj. EBITDA Growth Faster than Revenue Revenue growth 3-5% G R O W T H LONG-TERM THROUGH- CYCLE TARGETS1 Revenue Growth Extension 1. As communicated at June 2025 Investor Day. 2. The Company has not reconciled the forward-looking statements regarding non-GAAP measures for Adj. EBITDA margin (including segment Adj. EBITDA margin), incremental Adj. EBITDA margin, or FCF conversion because we are unable to do so without unreasonable efforts or to reasonably estimate the projected outcome of certain significant items, including currency impacts, impacts of acquisitions and divestitures and similar adjustments. 3. FCF conversion as measured on a trailing-twelve-months basis. Long-Term Value Confidence Began repurchasing shares following 4Q25 earnings with 935k shares purchased to- date1 Executing 2026 Transition to standalone public company complete, clarity on our post-spin cost structure, and executing for both growth and profitability 16 Key Takeaways Strategic Clarity Entered 2026 with strong secular tailwinds and strategic clarity on investments to accelerate organic growth 01 02 03 1. Represents shares repurchased February 6, 2026, through February 16, 2026.

Built for Precision Appendix 18 Summary GAAP to Non-GAAP Bridge Year Ended December 31, 2025 Management Assessment of Normalized Run-Rate ($ in millions, except per share amounts) GAAP Non-GAAP Adjustments Non-GAAP Normalizing Adjustment Normalized Non-GAAP Revenue $ 2,068.8 $ — $ 2,068.8 $ — $ 2,068.8 Cost of sales (1,028.5) 10.4 (a) (1,018.1) — (1,018.1) Gross profit to Adjusted gross profit (Non-GAAP) 1,040.3 10.4 1,050.7 — 1,050.7 Gross margin and Adjusted gross margin 50.3 % 50.8 % 50.8 % Operating costs (2,223.3) 1,569.6 (b) (653.7) (50.0) (c) (703.7) Operating (loss) to Adjusted operating profit (Non-GAAP) (1,183.0) 1,580.0 397.0 (50.0) 347.0 Depreciation 28.6 — 28.6 Other (1.1) — (1.1) Adjusted EBITDA (Non-GAAP) $ 424.5 $ (50.0) $ 374.5 Adjusted EBITDA margin (Non-GAAP) 20.5 % 18.1 % (a) Amount relates to discrete restructuring charges impacting cost of sales. (b) Amount primarily relates to Goodwill impairment of $1.44 billion and amortization expense of $86.9 million. (c) Normalizing adjustment reflects additional standalone public company costs ($25M in Q1 2025 and $25M in Q2 2025), corresponding to $175M quarterly run-rate for adjusted operating expenses. 19 Refer to the following pages for the reconciliations of historical non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP. Non-GAAP Financial Measures 20 The Company reports financial results in accordance with GAAP. However, this presentation contains references to certain non-GAAP measures, which are not recognized financial measures under GAAP, because management believes they assist investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that they do not believe are indicative of ongoing operating performance. Management believes these measures are helpful in highlighting trends in our operating results, while other measures can differ significantly depending on long-term strategic decisions regarding capital structure and allocation, the tax jurisdictions in which companies operate and capital investments and acquisitions. Non-GAAP measures typically used by Ralliant include: "adjusted net earnings," "adjusted diluted EPS," "EBITDA," “adjusted EBITDA” (including segment adjusted EBITDA), “adjusted EBITDA margin" (including segment adjusted EBITDA margin), "adjusted operating profit (loss)" (including segment adjusted operating profit (loss)), "organic revenue growth," "adjusted gross profit," "adjusted gross profit margin," "adjusted operating expenses," “free cash flow," "free cash flow conversion," and “net leverage” financial measures which are, in each case, not presented in accordance with GAAP. The non-GAAP financial measures are not intended to replace the presentation of the comparable measures under GAAP, should be read in conjunction with the most directly comparable GAAP financial measures, and may not be comparable to similarly titled measures reported by other companies. We define these non-GAAP financial measures as follows: • Adjusted net earnings refers to net (loss) earnings calculated in accordance with GAAP, adjusted to exclude amortization of acquisition-related intangible assets, acquisition and divestiture related adjustments and costs, discrete restructuring charges, and other non-recurring charges resulting from the separation such as duplicative corporate allocations from Fortive, stock-based compensation modification, separation costs, Goodwill impairment and the tax effect of those adjustments, as well as a discrete tax adjustment related to a reduction in the German corporate tax rate and Goodwill impairment. • Adjusted diluted EPS refers to adjusted net earnings divided by average common diluted stock outstanding. • EBITDA refers to net (loss) earnings calculated in accordance with GAAP, excluding, interest, taxes, depreciation, and amortization. ◦ Adjusted EBITDA refers to EBITDA adjusted to exclude stock-based compensation modification, acquisition and divestiture related adjustments and costs, discrete restructuring charges, separation costs, Goodwill impairment, and Fortive corporate allocations. ◦ Adjusted EBITDA margin refers to adjusted EBITDA as a percentage of GAAP revenue. ◦ Adjusted EBITDA, which is also shown for the segments, also refers to operating (loss) profit calculated in accordance with GAAP adjusted to exclude amortization of acquisition-related intangible assets, acquisition and divestiture related adjustments and costs, discrete restructuring charges, Fortive corporate allocations, stock-based compensation modification, separation costs, Goodwill impairment, depreciation, and other. ◦ Normalized adjusted EBITDA refers to EBITDA adjusted to exclude stock-based compensation modification, acquisition and divestiture related adjustments and costs, discrete restructuring charges, separation costs, Goodwill impairment, and Fortive corporate allocations, and to reflect additional standalone public company costs on a full-year basis. ◦ Normalized adjusted EBITDA margin refers to normalized adjusted EBITDA as a percentage of GAAP revenue. • Adjusted operating profit (loss) refers to operating profit calculated in accordance with GAAP, adjusted to exclude Goodwill impairment, amortization of acquisition-related intangible assets, acquisition and divestiture related adjustments and costs, discrete restructuring charges, and other non-recurring charges resulting from the separation such as duplicative corporate allocations from Fortive, stock-based compensation modification, and separation costs. • Organic revenue growth refers to revenue from operations growth calculated according to GAAP, but excluding (1) the impact from acquired and divested businesses and (2) the impact of currency translation. References to revenue attributable to acquisitions or acquired businesses refer to GAAP revenue from acquired businesses recorded prior to the first anniversary of the acquisition, less the amount of revenue attributable to certain businesses or product lines that, at the time of reporting, have been divested or are pending divestiture, but are not, and will not be, considered discontinued operations prior to the first anniversary of the divestiture. The portion of revenue attributable to the impact of currency translation is calculated as the difference between (a) the period-to-period change in revenue (excluding revenue impact from acquired businesses) and (b) the period-to-period change in revenue (excluding the revenue impact from acquired businesses) after applying the current period foreign exchange rates to the prior year period. • Adjusted gross profit refers to gross profit calculated in accordance with GAAP, adjusted to exclude discrete restructuring charges impacting cost of sales. ◦ Adjusted gross profit margin refers to adjusted gross profit as a percentage of GAAP revenue. • Adjusted operating expenses refers to operating expenses calculated in accordance with GAAP, adjusted to exclude Goodwill impairment, amortization of acquisition-related intangible assets, acquisition and divestiture related adjustments and costs, discrete restructuring charges, Fortive corporate allocations, separation costs, and stock-based compensation modification. • Normalized adjusted operating expenses refers to operating expenses calculated in accordance with GAAP, adjusted to exclude Goodwill impairment, amortization of acquisition-related intangible assets, acquisition and divestiture related adjustments and costs, discrete restructuring charges, Fortive corporate allocations, separation costs, and stock-based compensation modification, and to reflect additional standalone public company costs on a full-year basis. • Free cash flow refers to cash flow from operations calculated according to GAAP but excluding purchases of property, plant and equipment ("capital expenditures"). ◦ Free cash flow conversion refers to free cash flow divided by adjusted net earnings. • Net leverage refers to net debt divided by trailing twelve months (TTM) adjusted EBITDA as defined by the Company's credit agreement. The Company has not reconciled the forward-looking statements regarding non-GAAP measures for "adjusted EBITDA margin" (including segment adjusted EBITDA margin), "incremental adjusted EBITDA margin," "organic revenue growth,“ "free cash flow," or "free cash flow conversion," because we are unable to do so without unreasonable efforts or to reasonably estimate the projected outcome of certain significant items, including currency impacts, impacts of acquisitions and divestitures and similar adjustments. These items are uncertain, depend on various factors out of our control and could have a material impact on the corresponding measures calculated in accordance with GAAP.

ADJUSTED NET EARNINGS (UNAUDITED) Year Ended ($ in millions, except per share amounts) December 31, 2025 Net loss and net diluted loss per share (GAAP) $ (1,222.5) Goodwill impairment 1,441.7 Amortization of acquisition related intangible assets 86.9 Acquisition and divestiture related adjustments and costs 2.4 Discrete restructuring charges 13.0 Fortive corporate allocations 10.1 Stock-based compensation modification 22.4 Separation costs 3.5 Tax effect of the adjustments reflected above (22.4) Discrete tax adjustments (29.8) Adjusted net earnings (Non-GAAP) $ 305.3 2121 ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN (UNAUDITED) Year Ended ($ in millions) December 31, 2025 Revenue (GAAP) $ 2,068.8 Net loss (GAAP) $ (1,222.5) Interest expense, net 32.3 Income tax expense 6.1 Depreciation 28.6 Amortization 86.9 EBITDA (Non-GAAP) (1,068.6) Goodwill impairment 1,441.7 Stock-based compensation modification 22.4 Acquisition and divestiture related adjustments and costs 2.4 Discrete restructuring charges 13.0 Separation costs 3.5 Fortive corporate allocations 10.1 Adjusted EBITDA (Non-GAAP) $ 424.5 Net loss margin (GAAP) (59.1) % Adjusted EBITDA margin (Non-GAAP) 20.5 % 2222 ADJUSTED OPERATING PROFIT (LOSS), ADJUSTED EBITDA and ADJUSTED EBITDA MARGIN (UNAUDITED) Year Ended ($ in millions) December 31, 2025 Revenue (GAAP) $ 2,068.8 Operating (loss) profit (GAAP) $ (1,183.0) Goodwill impairment 1,441.7 Amortization of acquisition-related intangible assets 86.9 Acquisition related adjustments and costs 2.4 Gain on sale of property — Discrete restructuring charges 13.0 Russia Exit and Wind Down Costs — Fortive corporate allocations 10.1 Stock-based compensation modification 22.4 Separation Costs 3.5 Adjusted operating profit (loss) (Non-GAAP) 397.0 Depreciation 28.6 Other (1.1) Adjusted EBITDA (Non-GAAP) $ 424.5 Operating (loss) profit margin (GAAP) (57.2)% Adjusted EBITDA margin (Non-GAAP) 20.5 % The sum of the components of adjusted EBITDA may not equal due to rounding. 2323 ADJUSTED OPERATING EXPENSES (UNAUDITED) Three Months Ended March 28, 2025 June 27, 2025 September 26, 2025 December 31, 2025 ($ in millions) Ralliant Total Segments (a) Unallocated Corporate Costs and Other (b) Ralliant Total Segments (a) Unallocated Corporate Costs and Other (b) Ralliant Total Segments (a) Unallocated Corporate Costs and Other (b) Ralliant Total Segments (a) Unallocated Corporate Costs and Other (b) Operating costs: Selling, general and administrative $ (128.3) $ (127.0) $ (1.3) $ (147.4) $ (141.1) $ (6.3) $ (177.8) $ (141.4) $ (36.4) $ (163.2) $ (148.4) $ (14.8) Research and development (41.3) (41.3) — (42.0) (42.0) — (38.8) (38.8) — (42.9) (42.9) — Goodwill impairment — — — — — — — — — (1,441.7) (1,441.7) — Total operating costs (GAAP) (169.6) (168.3) (1.3) (189.4) (183.1) (6.3) (216.6) (180.2) (36.4) (1,647.8) (1,633.0) (14.8) Goodwill impairment — — — — — — — — — 1,441.7 1,441.7 — Amortization of acquisition-related intangible assets 20.3 20.3 — 21.9 21.9 — 22.5 22.5 — 22.2 22.2 — Acquisition related adjustments and costs 1.0 1.0 — 1.4 1.4 — — — — — — — Discrete restructuring charges 0.5 0.5 — 0.4 0.4 — 0.4 0.4 — 1.7 1.7 — Fortive corporate allocations — — — 10.1 10.1 — — — — — — — Separation costs — — — — — — 0.9 0.5 0.4 2.6 0.8 1.8 Stock-based compensation modification — — — — — — — 22.4 — — 22.4 — — — Adjusted operating expenses (Non- GAAP) $ (147.8) $ (146.5) $ (1.3) $ (155.6) $ (149.3) $ (6.3) $ (170.4) $ (156.8) $ (13.6) $ (179.6) $ (166.6) $ (13.0) (a) Amounts include other employee costs allocated to the segments. (b) Amounts primarily related to the stock-based compensation modification and standalone public company costs. 2424

ADJUSTED OPERATING EXPENSES (UNAUDITED) Year Ended December 31, 2025 ($ in millions) Ralliant Total Segments (a) Unallocated Corporate Costs and Other (b) Operating costs: Selling, general and administrative $ (616.6) $ (557.9) $ (58.7) Research and development (165.0) (165.0) — Goodwill impairment (1,441.7) (1,441.7) — Total operating costs (GAAP) (2,223.3) (2,164.6) (58.7) Goodwill impairment 1,441.7 1,441.7 — Amortization of acquisition-related intangible assets 86.9 86.9 — Acquisition related adjustments and costs 2.4 2.4 — Discrete restructuring charges 2.6 2.6 — Fortive corporate allocations 10.1 10.1 — Separation costs 3.5 1.4 2.1 Stock-based compensation modification 22.4 — 22.4 Adjusted operating expenses (Non-GAAP) $ (653.7) $ (619.5) $ (34.2) (a) Amounts include other employee costs allocated to the segments. (b) Amounts primarily related to the stock-based compensation modification and standalone public company costs. 2525 FREE CASH FLOW AND FREE CASH FLOW CONVERSION (UNAUDITED) 2626 Year Ended ($ in millions) December 31, 2025 Operating cash flows (GAAP) $ 397.6 Less: Purchases of property, plant & equipment (capital expenditures) (GAAP) (39.2) Free cash flow (Non-GAAP) $ 358.4 Adjusted net earnings (Non-GAAP) $ 305.3 Free cash flow conversion (Non-GAAP) 117.4 %

FAQ

What 2026 financial guidance did Ralliant (RAL) provide in this presentation?

Ralliant projects 2026 revenue of $2.1–$2.2 billion, implying 3–5% growth. It targets adjusted EBITDA margin of 18–20%, incremental adjusted EBITDA margins of 40–45%, adjusted EPS of $2.22–$2.42, and free cash flow conversion above 95% for the full year.

How did Ralliant (RAL) describe its 2025 adjusted EBITDA and normalized margin?

For 2025, Ralliant reported adjusted EBITDA of $424.5 million on $2,068.8 million of revenue, a 20.5% margin. After adding $50 million of additional post‑spin costs, management’s normalized adjusted EBITDA becomes $374.5 million, corresponding to an 18.1% normalized adjusted EBITDA margin.

What long-term margin and growth targets did Ralliant (RAL) reiterate?

Ralliant reiterated long-term through‑cycle revenue growth of 3–5% and adjusted EBITDA margins in the low‑to‑mid‑20% range. It also reaffirmed incremental adjusted EBITDA margin targets of 30–35% over the cycle and free cash flow conversion above 95%, anchored by its Ralliant Business System initiatives.

What capital return actions did Ralliant (RAL) highlight, including share repurchases?

Ralliant began returning capital with a declared quarterly dividend of $0.05 per share. It also authorized $200 million of share repurchases and has bought 935,000 shares for $39.2 million at an average price of $41.94, leaving about $160 million of remaining repurchase capacity.

How strong was Ralliant’s (RAL) free cash flow and conversion in 2025?

Ralliant generated 2025 operating cash flow of $397.6 million and spent $39.2 million on capital expenditures, producing free cash flow of $358.4 million. Against adjusted net earnings of $305.3 million, this equates to free cash flow conversion of 117.4%, above its long-term >95% goal.

What non-GAAP adjustments and impairment did Ralliant (RAL) disclose for 2025?

Ralliant’s 2025 non‑GAAP adjustments include a $1.44 billion goodwill impairment, $86.9 million of amortization, $13.0 million of discrete restructuring, $22.4 million from stock‑based compensation modification, $10.1 million of Fortive allocations, separation costs, and related tax effects, reconciling to $305.3 million of adjusted net earnings.

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