$RAL

Ralliant Corp

CIK:0002041385|SEC Filings

CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2026	Jun. 27, 2025	Jul. 03, 2026	Jun. 27, 2025
Income Statement [Abstract]
Sales	$ 567.8	$ 503.3	$ 1,102.3	$ 985.1
Cost of sales	(274.9)	(255.0)	(537.1)	(493.4)
Gross profit	292.9	248.3	565.2	491.7
Operating expenses:
Selling, general and administrative	(166.0)	(147.4)	(326.5)	(275.7)
Research and development	(44.7)	(42.0)	(88.4)	(83.3)
Operating profit	82.2	58.9	150.3	132.7
Non-operating expense, net:
Interest expense, net	(13.8)	0.0	(28.4)	0.0
Other non-operating income (expense), net	0.1	0.0	(0.4)	(0.5)
Earnings before income taxes	68.5	58.9	121.5	132.2
Income tax expense	(11.3)	(11.3)	(20.1)	(20.7)
Net earnings	$ 57.2	$ 47.6	$ 101.4	$ 111.5
Net earnings per share:
Basic (in dollars per share)	$ 0.51	$ 0.42	$ 0.91	$ 0.99
Diluted (in dollars per share)	$ 0.51	$ 0.42	$ 0.90	$ 0.99
Average common stock and common equivalent shares outstanding:
Basic (in shares)	111.4	112.7	111.9	112.7
Diluted (in shares)	112.6	112.7	112.9	112.7

CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jul. 03, 2026	Jun. 27, 2025
Cash flows from operating activities:
Net earnings	$ 101.4	$ 111.5
Adjustments to reconcile net earnings to net cash provided by operating activities:
Amortization	44.5	42.2
Depreciation	15.2	13.3
Stock-based compensation	22.9	14.6
Gain on settlement of investments	(0.6)	0.0
Change in accounts receivable, net	(8.1)	13.8
Change in inventories	(36.3)	(10.1)
Change in trade accounts payable	13.2	(20.9)
Change in prepaid expenses and other assets	(4.0)	(28.6)
Change in accrued expenses and other liabilities	(23.6)	21.6
Net cash provided by operating activities	124.6	157.4
Cash flows from investing activities:
Purchases of property, plant and equipment	(15.1)	(17.2)
Proceeds from settlement of investments	0.6	0.0
Proceeds from sale of property	0.0	1.5
Net cash used in investing activities	(14.5)	(15.7)
Cash flows from financing activities:
Net proceeds from borrowings	59.2	1,146.8
Repayment of borrowings	(60.0)	0.0
Repurchase of common shares	(151.5)	0.0
Dividends paid	(11.1)	0.0
Other financing activities	6.9	0.0
Consideration paid to Former Parent in connection with separation	0.0	(1,150.0)
Net transfers from Former Parent	0.0	47.3
Net cash (used in) provided by financing activities	(156.5)	44.1
Effect of exchange rate changes on cash and equivalents	(1.5)	12.8
Net change in cash and equivalents	(47.9)	198.6
Beginning balance of cash and equivalents	318.8	0.0
Ending balance of cash and equivalents	$ 270.9	$ 198.6

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jul. 03, 2026	Dec. 31, 2025
Current assets:
Cash and equivalents	$ 270.9	$ 318.8
Accounts receivable less allowance for credit losses of $8.5 and $7.8, respectively	291.8	285.3
Inventories:
Finished goods	64.8	63.5
Work in process	149.4	119.5
Raw materials	122.8	118.6
Inventories, net	337.0	301.6
Prepaid expenses and other current assets	72.3	70.4
Total current assets	972.0	976.1
Property, plant and equipment, net of accumulated depreciation of $471.0 and $468.7, respectively	213.5	214.2
Other assets	168.5	163.7
Goodwill	1,614.8	1,672.4
Other intangible assets, net	736.9	795.2
Total assets	3,705.7	3,821.6
Current liabilities:
Current portion of long-term debt	0.0	530.4
Trade accounts payable	277.1	263.7
Accrued expenses and other current liabilities	360.8	365.6
Total current liabilities	637.9	1,159.7
Long-term debt	1,148.5	618.4
Other long-term liabilities	385.4	409.2
Total liabilities	2,171.8	2,187.3
Commitments and contingencies (Note 8)
Equity:
Common stock: $0.01 par value, 1,300.0 shares authorized; 113392182 and 112884493 issued; and 110.6 and 112884493 outstanding, respectively	1.1	1.1
Preferred stock: $0.01 par value, 10.0 shares authorized; no shares issued and outstanding	0.0	0.0
Additional paid-in capital	3,253.8	3,223.4
Treasury stock, at cost	(151.5)	0.0
Accumulated deficit	(1,255.0)	(1,345.3)
Accumulated other comprehensive loss	(314.5)	(244.9)
Total equity	1,533.9	1,634.3
Total liabilities and equity	$ 3,705.7	$ 3,821.6