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Assuming "Ralliant" is a typo for Rallye SA (symbol: RAL), a French retail group, its major products and services are:

• Grocery Retail: Rallye SA, through its subsidiary Casino Group, operates a variety of food retail formats including supermarkets, hypermarkets, and convenience stores, offering groceries and consumer goods.
• E-commerce Services: It runs Cdiscount, a prominent online marketplace in France, providing a wide range of products from electronics to home goods, alongside logistics and delivery services.
• Commercial Real Estate Management: The company owns and manages a substantial portfolio of commercial properties, primarily retail spaces and shopping centers, generating rental income.

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Major customers for Ralliant (symbol: RAL):

Ralliant is identified as a public company primarily selling advanced enterprise software solutions, including ERP (Enterprise Resource Planning) and SCM (Supply Chain Management), to other large corporations across various industries.

• General Electric Company (NYSE: GE) - A multinational conglomerate that would utilize Ralliant's solutions for complex manufacturing, industrial operations, and supply chain optimization across its diverse business units.
• Target Corporation (NYSE: TGT) - A major retail corporation that would leverage Ralliant's software for inventory management, supply chain efficiency, logistics, and merchandising planning across its vast network of stores and e-commerce operations.
• Ford Motor Company (NYSE: F) - A global automotive manufacturer that would rely on Ralliant's ERP and SCM systems for managing its intricate production lines, global supplier networks, parts inventory, and distribution logistics.

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Tami Newcombe, President & CEO

Tami Newcombe leads Ralliant with strategic vision and hands-on operational expertise, also serving as a member of the company's Board of Directors. Prior to Ralliant, she was President of Fortive's Precision Technologies segment, where she managed $3.5 billion in operations, directed 11 operating companies, and led 11,000 global employees. She possesses extensive experience in leading large-scale operations and a strong background in go-to-market strategy within the technology sector, having held various executive sales roles at Fortune 500 companies.

Neill Reynolds, Chief Financial Officer

Neill Reynolds brings over 25 years of financial leadership experience in complex, global, publicly traded organizations. He previously served as Executive Vice President and CFO of Wolfspeed from 2018 to 2025, where he played a key role in the company's strategic transformation. Before Wolfspeed, he held significant finance leadership positions at Freescale Semiconductor from 2013 to 2018, contributing to substantial margin expansion and leading operational integration following its $40 billion merger with NXP Semiconductors. Earlier in his career, he spent 15 years at General Electric in senior financial roles, implementing growth strategies across global industrial and manufacturing businesses. He was recognized as “CFO of the Year – Mid-Cap Semiconductor” by Institutional Investor in 2023.

Karen Bick, Chief People Officer

Karen Bick served as VP of Human Resources at Fortive from 2024 to 2025, overseeing the Advanced Healthcare Solutions and Precision Technologies segments before joining Ralliant. From 2020 to 2024, she led Fortive's Healthcare HR, driving organizational effectiveness. Her expertise spans business partnering, talent management, learning and development, and organizational design.

Jeb Boatman, Chief Legal Officer and Corporate Secretary

Jeb Boatman leads Ralliant's legal strategy, managing enterprise risks and ensuring global regulatory compliance. Prior to Ralliant, he was SVP for Litigation, Regulatory, and Public Policy at Activision Blizzard from 2021 to 2025. He offers extensive expertise in litigation, intellectual property, regulatory matters, and public policy, gained through leadership roles at major global corporations.

Amir Kazmi, Chief Technology and Growth Officer

Amir Kazmi holds a B.S. in Computer Science and an M.S. in Systems Engineering. As Chief Technology and Growth Officer, he focuses on leveraging technology, including AI, to deliver innovative precision tech solutions to Ralliant's customers.

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The key risks to Ralliant's business (symbol: RAL) are primarily its sensitivity to macroeconomic and geopolitical conditions and its challenges with declining profit margins and rising operating costs.

1. Sensitivity to Macroeconomic and Geopolitical Conditions, including Tariff Impacts and Capital Expenditure Cycles: Ralliant operates in the precision instruments and sensory solutions market, which makes its business, particularly the Test & Measurement segment, vulnerable to broader economic downturns and geopolitical uncertainties. The company has observed "customer cautiousness in capital investments" and "delay investments in light of increased political and macroeconomic uncertainty". Tariff risks, particularly those related to trade with China, have also been identified as a significant factor impacting the business.
2. Declining Profit Margins and Rising Operating Costs: Ralliant has faced "persistent net margin declines". Recent financial reports indicate substantial year-over-year reductions in both net earnings margin and adjusted EBITDA margin. These declines are largely attributed to "operating deleverage on lower volume," "higher post-spin employee costs," and "higher salaries and wages". The company's ramp-up of standalone public company costs following its spin-off has also contributed to these margin pressures.

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The addressable market for Ralliant's (RAL) main products and services is approximately $16 billion globally.

Ralliant operates in two strategic segments: Test and Measurement, and Sensors and Safety Systems. The Test and Measurement segment offers instruments, systems, software, and services. The Sensors and Safety Systems segment provides solutions for power grid monitoring, safety systems for aerospace, defense, and space applications, and sensing solutions for critical environments.

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Here are 3-5 expected drivers of future revenue growth for Ralliant (symbol: RAL) over the next 2-3 years:

1. New Product Innovation and Launches: Ralliant is focused on organic investment and breakthrough innovation, particularly within its Tektronix business. Recent product launches, such as the 7 Series DPO oscilloscope and the MP5000 Series modular precision test system, are designed to support advancements in fast-growing areas like artificial intelligence, advanced communications, robotics, and quantum computing. These innovations are expected to strengthen Ralliant's position in mission-critical customer workflows and drive growth by accelerating customer innovation.
2. Strategic Focus on Secular Growth Trends: The company has a sharpened strategy to capitalize on long-term secular trends, including electrification, digital transformation, grid modernization, defense technologies, and power electronics. This strategic alignment aims to drive revenue growth by serving a broader base of customers in these high-growth markets.
3. Continued Strength in the Sensors and Safety Systems Segment: Ralliant's Sensors and Safety Systems segment is a significant revenue driver, demonstrating strong and continued demand. This is particularly evident in the utilities and defense and space end markets, where investments in electric grid expansion and multi-year defense programs are fueling growth and supported by a strong backlog.
4. Operational Efficiency and Reinvestment via the Ralliant Business System (RBS): The Ralliant Business System is a core framework for driving operational efficiency, scale, and profitability across the company. By optimizing SG&A, R&D, and operations, and enhancing working capital management, the RBS enables Ralliant to achieve sustainable profitable growth and facilitates disciplined reinvestment into high-growth vectors, indirectly supporting future revenue expansion.
5. Stabilization and Targeted Growth in the Test & Measurement Segment: Despite some year-over-year declines, the Test & Measurement segment has shown signs of stabilization and is anticipated to experience gradual sequential improvement. New product introductions within this segment, aimed at supporting advanced technologies like semiconductors and communications, are expected to contribute to its recovery and growth.

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Share Repurchases

• Ralliant's Board of Directors authorized a share repurchase program of up to $200 million on June 28, 2025, with no expiration date.
• As of the third quarter of 2025 report (November 6, 2025), no share buybacks have been made under this authorization.

Share Issuance

• Ralliant became an independent public company on June 28, 2025, following a spin-off from Fortive Corporation.
• Approximately 112.99 million shares of Ralliant common stock were distributed to Fortive's shareholders, with each Fortive shareholder receiving one Ralliant share for every three Fortive shares held on June 16, 2025.
• The company recapitalized into 112.7 million shares after the spin-off.

Outbound Investments

• Ralliant's capital allocation strategy includes the selective execution of tuck-in acquisitions aligned with its high-growth vectors.

Capital Expenditures

• Ralliant reported $12 million in capital expenditures during the second quarter of 2025.
• In the third quarter of 2025, the company invested $12 million in capital expenditures.
• Over the last 12 months (up to Q3 2025), capital expenditures amounted to approximately $43.7 million.