Ralliant Corporation · NYSE:RAL
Ralliant — Q3 2026 Earnings Presentation
32 slides from Ralliant's earnings presentation, Nov 4, 2026
Slide 1: Ralliant Q3 2026 Results
Ralliant Q3 2026 Results November 4, 2026 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements 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 statement
Slide 3: Q3 2026 Highlights and Business Update
Q3 2026 Highlights and Business Update TAMI NEWCOMBE President and Chief Executive Officer
Slide 4: Business and Outlook Update
Business and Outlook Update Execution across multiple growth levers drove +17% organic revenue growth Y/Y and sustained book-to-bill over 1.1 across both segments; exceeded Q3 guidance and raising full-year outlook RBS operating rigor drove 400bps of normalized adjusted EBITDA margin expansion Y/Y a
Slide 5: Q3 2026 Summary
Q3 2026 Summary Revenue Adjusted EBITDA Margin Adjusted Diluted EPS $620 Million 23.5% $0.93 Revenue Adjusted EBITDA Margin Adjusted Diluted EPS Growth (Y/Y) Expansion (Y/Y)1 Growth (Y/Y)1 +17% Total +400 bps Y/Y +64% +17% Organic 1. Comparison on a “normalized basis”, which adjusts 2025 periods to
Slide 6: Winning Growth Vectors | Exposure to Secular Drivers
Winning Growth Vectors | Exposure to Secular Drivers PHYSICAL AI DEFENSE SURGE Robotics / Humanoids Defense Budgets Increasing Autonomous Vehicles / Consumer Golden Dome IOT / Factory Automation Critical Missiles & Munitions SENSORS & N TRIFICATIO DATACENTER INFRASTRUCTURE SAFETY SYSTEMS DEFENSE MOD
Slide 7: Regional Trends
Regional Trends Y/Y Organic Revenue Growth % of Total Q3 2026 YTD Revenue1 Q3 YTD N. America +18% +16% Rest of World 18% W. Europe (3)% +3% China 16% N. America 54% China +39% +16% W. Europe 12% Rest of World +15% +10% Total +17% +13% 1. Numbers may not foot due to rounding. North America includes t
Slide 8: End Market Trends
End Market Trends Y/Y Organic Revenue Growth % of Total Q3 2026 YTD Revenue1 Q3 YTD Test & Sensors & Safety Measurement Systems ~40% ~60% Sensors & Safety Systems +15% +12% Semi Industrial Manufacturing +4% +7% 7% Industrial Manufacturing Communications 20% Defense and Space +21% +18% 11% Utilities
Slide 9: RBS Everywhere | Enterprise Growth Enablers
RBS Everywhere | Enterprise Growth Enablers Commercial Execution • Expand sales resources • Augment with AI and digital platforms Manufacturing Agility • Facility expansion • Automation and efficiency gains 2 Innovation Acceleration • New product velocity • AI-enabled engineering workflows 9
Slide 10: Financial Overview and Outlook
Financial Overview and Outlook NEILL REYNOLDS Chief Financial Officer
Slide 11: Q3 2026 Financial Results
Q3 2026 Financial Results ($ in millions, except adjusted EPS) Revenue Adjusted EBITDA Margin Adjusted EPS Free Cash Flow Conversion (TTM) +17% Total Y/Y +400 bps Y/Y1 +64% Y/Y1 +17% Organic Y/Y $620 95%+ 94% $529 23.5% $0.93 19.5% $0.57 Q3 2025 Q3 2026 Q3 2025 Q3 2026 Q3 2025 Q3 2026 Target Q3 2026
Slide 12: Segment Performance: Sensors & Safety Systems
Segment Performance: Sensors & Safety Systems Power grid solutions, defense technologies, industrial sensors for demanding environments REVENUE ($M) KEY DRIVERS Organic Revenue $376 $326 • Defense & Space +21% driven by increased production capacity; backlog surpassed $1.5B as we began to receive or
Slide 13: Segment Performance: Test & Measurement
Segment Performance: Test & Measurement Precision instruments and services for advanced electronics REVENUE ($M) KEY DRIVERS Organic Revenue • Diversified Electronics +48% on acceleration in customer investment $244 across compute and power infrastructure $203 • Communications revenue +4%; growth in
Slide 14: RBS Accelerating Enterprise Productivity Program Savings
RBS Accelerating Enterprise Productivity Program Savings Ahead of schedule, driving accelerated adjusted EBITDA margin expansion1 Savings Outlook $16-18M $30-35M $50-60M 2026 in-year savings Expected annualized run-rate Annualized run-rate target savings Up from $10-12M expected savings exiting 2026
Slide 15: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Strong balance sheet and durable cash flow to support growth Balance Sheet As of Oct 2, 2026 Balance Sheet Cash and cash equivalents $366M • Net leverage declined to 1.5x with strong earnings growth Debt $1.15B and increase in cash balance • Net leverage is now at the low
Slide 16: Raising Full-Year 2026 Guidance
Raising Full-Year 2026 Guidance 2026 Guide1 2026 Guide1 Q4 20261 Prior Revised Additional Assumptions • Tariff assumptions are based on policy announcements as Revenue $620M to $640M $2.250B to $2.300B $2.340B to $2.360B of October 30, 2026; Y/Y organic growth +12% to 15% +8% to 11% +13% to 14% • Gu
Slide 17: Disciplined Capital Allocation Approach
Disciplined Capital Allocation Approach Strong cash generation allowing for strategic reinvestment and significant capital return • Enabling reinvestment through RBS and AI-driven productivity 01 Organic Reinvestment • Investing in capacity expansion and strategic supply to serve identified demand •
Slide 18: Closing Remarks
Closing Remarks TAMI NEWCOMBE President and Chief Executive Officer
Slide 19: Key Takeaways
Key Takeaways 01 Executing Growth Strategy 02 Driving Margin Expansion 03 Investing to Sustain Growth 19
Slide 20: Appendix
@ RALLIANT Appendix
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company reports financial results in accordance with GAAP. However, this presentation contains references to certain non-GAAP measures, which are not recognized financial measures under GAAP, because management believes they assist investors and analysts in comparing
Slide 22: Adjusted Net Earnings, Adjusted EPS (Unaudited)
ADJUSTED NET EARNINGS, ADJUSTED EPS, NORMALIZED ADJUSTED NET EARNINGS, & NORMALIZED ADJUSTED EPS (UNAUDITED) Three Months Ended ($ in millions, except per share values) October 2, 2026 July 3, 2026 September 26, 2025 Per share Per share Per share values values values Net earnings and diluted net ear
Slide 23: Adjusted Net Earnings, Adjusted EPS (Unaudited)
ADJUSTED NET EARNINGS, ADJUSTED EPS, NORMALIZED ADJUSTED NET EARNINGS, & NORMALIZED ADJUSTED EPS (UNAUDITED) Three Months Ended Year Ended ($ in millions, except per share values) March 28, 2025 June 27, 2025 September 26, 2025 December 31, 2025 December 31, 2025 Per share Per share Per share Per sh
Slide 24: Adjusted EBITDA and Margin (Unaudited)
ADJUSTED EBITDA, ADJUSTED EBITDA MARGIN, NORMALIZED ADJUSTED EBITDA, & NORMALIZED ADJUSTED EBITDA MARGIN (UNAUDITED) Three Months Ended October 2, September 26, ($ in millions) 2026 July 3, 2026 2025 Revenue (GAAP) $ 620.1 $ 567.8 $ 529.1 Net earnings (GAAP) $ 86.1 $ 57.2 $ 39.9 Interest expense, ne
Slide 25: Adjusted EBITDA and Margin (Unaudited)
ADJUSTED EBITDA, ADJUSTED EBITDA MARGIN, NORMALIZED ADJUSTED EBITDA, & NORMALIZED ADJUSTED EBITDA MARGIN (UNAUDITED) Three Months Ended Year Ended March 28, June 27, September 26, December 31, December 31, ($ in millions) 2025 2025 2025 2025 2025 Revenue (GAAP) $ 481.8 $ 503.3 $ 529.1 $ 554.6 $ 2,06
Slide 26: Segment Adjusted EBITDA and Margin (Unaudited)
SEGMENT ADJUSTED EBITDA, SEGMENT ADJUSTED EBITDA MARGIN, SEGMENT NORMALIZED ADJUSTED EBITDA, & SEGMENT NORMALIZED ADJUSTED EBITDA MARGIN (UNAUDITED) Three Months Ended October 2, 2026 July 3, 2026 September 26, 2025 Unallocated Unallocated Unallocated Sensors and Corporate Sensors and Corporate Sens
Slide 27: Segment Adjusted EBITDA and Margin (Unaudited)
SEGMENT ADJUSTED EBITDA, SEGMENT ADJUSTED EBITDA MARGIN, SEGMENT NORMALIZED ADJUSTED EBITDA, & SEGMENT NORMALIZED ADJUSTED EBITDA MARGIN (UNAUDITED) Three Months Ended March 28, 2025 June 27, 2025 September 26, 2025 December 31, 2025 Unallocated Unallocated Unallocated Unallocated Sensors and Corpor
Slide 28: Segment Adjusted EBITDA and Margin (Unaudited)
SEGMENT ADJUSTED EBITDA, SEGMENT ADJUSTED EBITDA MARGIN, SEGMENT NORMALIZED ADJUSTED EBITDA, & SEGMENT NORMALIZED ADJUSTED EBITDA MARGIN (UNAUDITED) Year Ended December 31, 2025 Unallocated Sensors and Corporate Safety Test and Costs and ($ in millions) Systems Measurement Other (a) Revenue (GAAP) $
Slide 29: Organic Revenue Growth; Adjusted Gross Profit
ORGANIC REVENUE GROWTH (UNAUDITED) Three Months Ended October 2, 2026 vs. Comparable 2025 Period Ralliant Sensors and Safety Systems Test and Measurement Total revenue growth (GAAP) 17.2 % 15.3 % 20.2 % Impact of: Currency exchange rates —% (0.2)% 0.5 % Organic revenue growth (Non-GAAP) 17.2 % 15.1
Slide 30: Adjusted Operating Expenses (Unaudited)
ADJUSTED OPERATING EXPENSES (UNAUDITED) Three Months Ended October 2, 2026 July 3, 2026 September 26, 2025 Unallocated Unallocated Unallocated Corporate Corporate Corporate Costs and Costs and Costs and ($ in millions) Ralliant Total Segments Other Ralliant Total Segments Other (a) Ralliant Total Se
Slide 31: Free Cash Flow and Free Cash Flow Conversion
FREE CASH FLOW AND FREE CASH FLOW CONVERSION (UNAUDITED) Three Months Ended ($ in millions) October 2, 2026 July 3, 2026 September 26, 2025 Operating cash flows (GAAP) $ 111.3 $ 105.5 $ 138.6 Less: Purchases of property, plant & equipment (capital expenditures) (GAAP) (9.4) (6.4) (12.0) Free cash fl
Slide 32: Net Leverage (Unaudited)
NET LEVERAGE (UNAUDITED) As of TTM As of TTM October 2, October 2, December 31, December 31, ($ in millions) 2026 2026 2025 2025 Long-term debt, gross $ 1,150.0 $ 1,150.0 Cash and cash equivalents per the credit agreement 365.8 292.8 Net debt per credit agreement $ 784.2 $ 857.2 Net earnings (GAAP)