Ralliant FY Conference Summary Company Overview - **Company**: Ralliant (NYSE: RAL) - **Event**: FY Conference held on February 18, 2026 - **Key Speakers**: Tami Newcombe (CEO), Neill Reynolds (CFO) Core Industry Insights - Ralliant operates in the **Test and Measurement (T&M)** and **Sensors and Safety Systems** segments, with a focus on industrial manufacturing and defense markets - The company has recently transitioned to a standalone public entity after spinning off in June 2025 Financial Performance and Guidance - **Growth Rate**: Projected growth for Q1 2026 is between **5%-8%** [2] - **Profitability**: Adjusted EBITDA margins are expected to improve, with a target of **40%-45% incrementals** as revenue grows [9][30] - **Earnings Guidance**: For 2026, Ralliant anticipates a growth rate of **2%-6%** with a focus on improving margins from a new baseline [29] Key Financial Metrics - **Share Buyback**: Executed **$39 million** in share buybacks since the last earnings call [4] - **Free Cash Flow**: Historical performance shows **117%** free cash flow generation, indicating strong operational efficiency [6] - **Cost Savings Program**: Announced a cost savings initiative of **$9 million-$11 million** post-spin, on track for implementation [8] Market Dynamics - **Industrial Manufacturing**: Experienced a **4% growth** in Q4, indicating a recovery in short-cycle industrial activity [11] - **Defense Sector**: Defense and space markets are expected to contribute significantly to revenue, with a backlog of long-term production programs [20][21] - **T&M Segment**: The diversified electronics within T&M is showing signs of improvement, driven by increased CapEx spending from customers [16] Operational Strategies - Ralliant emphasizes **operating rigor** to ensure profits grow faster than revenue, with a commitment to maintaining a strong focus on cost management and efficiency [3][40] - The company is investing in **R&D** and **capacity expansion** to support higher growth ambitions, particularly in segments with high demand [48] Competitive Landscape - Ralliant maintains a strong brand reputation in the T&M space, with customers prioritizing reliability and expertise over price [68] - The competitive environment has seen an influx of low-end players, particularly from China, but Ralliant's established brand and service offerings provide a competitive edge [84] Risks and Considerations - **Margin Sensitivity**: The T&M segment is highly volume-sensitive, which could lead to fluctuations in margins based on product mix and demand [70] - **Cost Structure**: The company acknowledges a lower starting point for costs post-spin, with ongoing efforts to optimize operational expenses [39][62] Conclusion - Ralliant is positioned for growth in 2026, with a focus on improving profitability and leveraging its strong market presence in the T&M and defense sectors. The company is committed to operational efficiency and strategic investments to drive future success.

VIAVI Highlights Importance of Trusted Partner Collaboration in AI Era and Outlines Core Solution Areas for Communications and Networking at MWC Barcelona [Accessibility Statement] Skip NavigationOver 30 demonstrations across AI data center, security and quantum safe, mission-critical communications, AIOps, 6G and AI-RAN to be showcased at stand 5B18CHANDLER, Ariz., Feb. 18, 2026 /PRNewswire/ -- [VIAVI Solutions Inc.](VIAVI) (NASDAQ: VIAV) has announced its demonstration lineup for [Mobile World Congress (M ...

VIAVI Launches Cesium-less ePRTC360+ Enhanced Primary Reference Time Clock as Alternative to Cesium- Accuracy Holdover Clock [Accessibility Statement] Skip NavigationOnly alternative to Cesium clocks to meet ITU-T G.8272.1 drift standard, with no time limit and at a fraction of the costCHANDLER, Ariz., Feb. 17, 2026 /PRNewswire/ -- [VIAVI Solutions Inc.](VIAVI) (NASDAQ: VIAV) has launched the patent-pending Cesium- less [ePRTC360+â"¢ holdover solution] to safeguard at-risk critical power grids, transportati ...

Core Insights - Keysight will showcase end-to-end solutions for AI system design, interoperability validation, and large-scale performance at DesignCon 2026 [1] Company Highlights - The focus will be on enabling AI system design, which indicates a strategic emphasis on artificial intelligence technologies [1] - Interoperability validation solutions will be presented, highlighting the importance of compatibility in AI systems [1] - Large-scale performance solutions will be featured, suggesting advancements in handling extensive data and processing requirements [1]

We recently published 10 Big Names, Bigger Losses. Ralliant Corporation (NYSE:RAL) was one of the worst performers on Thursday. Ralliant fell to a new all-time low on Thursday, as investors disposed of positions after the company swung to heavy losses last year. At intra-day trading, Ralliant Corporation (NYSE:RAL) declined to its lowest price of $37.27 before paring losses to end the day just down by 31.79 percent at $38.39 apiece. This followed news during the day that it incurred a net loss of $1.2 b ...

Financial Data and Key Metrics Changes - The company booked over $550 million in orders in Q1 2026, an increase of 143% year-over-year [4] - Top line sales growth was 35%, with adjusted EBIT margin expanding by 380 basis points, leading to a 73% increase in adjusted earnings per share to a record $1.64 [5][12] - Operating cash flow more than doubled to $68.9 million on a continuing operations basis [16] Business Segment Data and Key Metrics Changes - Aerospace and Defense segment saw orders over $380 million, compared to $75 million in the prior year, with sales up 76% driven by strong demand [12][6] - Utility Solutions Group orders increased by 10%, but sales were up only 1% due to declines in the renewables business [14] - The Test business had orders up over 17% and sales up nearly 27%, with adjusted EBIT margins improving to 13.8% [16] Market Data and Key Metrics Changes - The company noted strong order flow for services and condition monitoring in the Utility Solutions Group, but faced headwinds in the renewables market [7][8] - The aerospace market is experiencing increasing build rates for commercial aerospace OEMs, contributing to the positive outlook [6] Company Strategy and Development Direction - The company is raising its full-year sales and earnings guidance due to strong Q1 results and record backlog [10] - Focus remains on strategic acquisitions in utility, aircraft components, and Navy segments to drive long-term growth [49] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term demand across markets, particularly in Navy programs, despite short-term lumpiness in orders [25] - The renewables market is expected to stabilize in the second half of 2026 as developers complete current projects [40] Other Important Information - The company is actively rebuilding a pipeline of M&A opportunities and is focused on strategic acquisitions [48] - Full-year adjusted earnings per share guidance has been increased to a range of $7.90-$8.15, representing growth of 31%-35% compared to 2025 [18][19] Q&A Session Summary Question: Update on A&D orders and ship set content - Management indicated long-term demand is strong, but specifics on platforms are not available due to the nature of contracts [25][26] Question: Revenue guidance appears conservative - Management expects Q1 to be the strongest growth quarter, with solid growth tapering down through the year [34] Question: Strength in the test business - The test business saw a return to strong orders, particularly in electromagnetic compatibility and medical shielding [38] Question: Military business outside Navy - Management highlighted broad-based strength in military aircraft, including significant orders for F-15EX fighters and ongoing programs for F-35 [52] Question: Capital allocation and M&A opportunities - The company is focused on strategic acquisitions in utility and Navy segments, with a healthy pipeline of opportunities [49]

ESCO Technologies (NYSE:ESE) Q1 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsBryan Sayler - President and CEOChris Tucker - SVP and CFOKate Lowrey - VP of Investor RelationsConference Call ParticipantsJon Tanwanteng - Managing Director and Senior Equity Research AnalystTommy Moll - Managing Director and Senior Equity Research AnalystOperatorDay, and thank you for standing by. Welcome to Q1 2026 ESCO Technologies Earnings Call. At this time, all participants are in a listen-only mode. ...

Financial Data and Key Metrics Changes - Emerson's underlying sales growth was 2% year-over-year, with adjusted segment EBITDA margin at 27.7% and adjusted earnings per share at $1.46, reflecting a 6% increase year-over-year [10][19][24] - The backlog ended the quarter at $7.9 billion, up 9% year-over-year, with a book-to-bill ratio of 1.13 [19][63] Business Line Data and Key Metrics Changes - Software and systems reported a 3% underlying sales growth, driven by test and measurement, which grew 11% [19][23] - Intelligent devices grew 2%, while safety and productivity increased by 1% [19][24] - Ovation business saw a significant increase of 74% in orders, driven by large project wins [14][40] Market Data and Key Metrics Changes - North America orders were up 18%, with strong performance in power and LNG sectors [38][97] - The Middle East and Africa experienced a 9% growth, while Europe and China showed ongoing softness [14][38][75] Company Strategy and Development Direction - Emerson aims to return $10 billion to shareholders through share repurchase and dividends, with a focus on organic growth and operational excellence [7][11] - The company is aligned with secular tailwinds such as electrification, energy security, and nearshoring, expecting these to drive growth over the next three years [5][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2026 targets, supported by a good start to the year and operational excellence [10][11] - The company anticipates continued strong demand in North America, India, and the Middle East, while acknowledging challenges in Europe and China [14][75] Other Important Information - Emerson was named the 2026 Industrial IoT Company of the Year, highlighting its leadership in industrial IoT technology [11] - The company released DeltaV version 16, enhancing its software-defined automation vision [12] Q&A Session Summary Question: Can you break down the 9% order growth in Q1 between process and hybrid? - Management noted that power orders were driven by modernization and behind-the-meter power generating capacity at data centers, with significant growth in test and measurement orders [34][36][40] Question: What is the expected impact of AI on software growth? - Management believes AI capabilities will accelerate growth in software offerings, with minimal disruption expected [41][43] Question: Are the orders in power pushing beyond this year into multi-year phases? - Management confirmed confidence in backlog timing supporting sales into 2027, particularly in power and LNG sectors [46][47] Question: What is the outlook for weak verticals like chemicals? - Management indicated continued flat activity in Europe, particularly in chemicals, with a bearish outlook for China [75][76] Question: What is the opportunity in Venezuela? - Management acknowledged a long-established history in Venezuela and plans to mobilize for potential growth, particularly in power generation [104][106] Question: Any updates on tariffs and mitigation activity? - Management reported some positive developments regarding tariffs, particularly with China, while noting challenges with Mexico [115] Question: What are the green shoots in China? - Management highlighted good activity in the test and measurement space and broad portfolio business, despite overall softness [117]

Emerson Electric (NYSE:EMR) Q1 2026 Earnings call February 03, 2026 04:30 PM ET Company ParticipantsChigusa Katoku - VP in Equity Research for Electrical Equipment, Machinery, and Multi‑Industry SectorsDoug Ashby - Director of Investor RelationsJeffrey Sprague - Founder and Managing PartnerLal Karsanbhai - President and CEOMike Baughman - EVP and CFORam Krishnan - EVP and COOConference Call ParticipantsAndrew Obin - Managing Director and Senior Analyst for U.S. Multi‑Industry and Machinery SectorAndy Kaplow ...

Financial Data and Key Metrics Changes - In Q1 2026, underlying sales increased by 2% year-over-year, with adjusted segment EBITDA margin at 27.7% and adjusted earnings per share (EPS) at $1.46, reflecting a 6% increase year-over-year [9][10][17] - The company expects full-year sales growth of approximately 4% and adjusted EPS guidance raised to $6.40-$6.55 per share [10][23] Business Line Data and Key Metrics Changes - The software and systems segment saw underlying sales growth of 3%, driven by strong performance in test and measurement, which grew 11% [20][24] - Intelligent devices grew by 2%, while safety and productivity increased by 1% [20][22] - The Ovation business experienced a significant increase of 74% in orders, driven by large project wins [12][29] Market Data and Key Metrics Changes - North America, India, and the Middle East and Africa showed robust demand, with North America orders up 18% [12][32] - Europe and China experienced ongoing softness, with orders in Europe down low single digits and China down high single digits [12][32] - The overall order growth was 9%, with significant contributions from power and LNG sectors [12][29] Company Strategy and Development Direction - The company aims to return $10 billion to shareholders through share repurchases and dividends, with a focus on organic growth and operational excellence [5][10] - Emerson's automation portfolio is aligned with secular trends such as electrification and energy security, expected to drive growth over the next three years [4][5] - The company is committed to enhancing adjusted segment EBITDA margins by 240 basis points by 2028 [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2026 targets, supported by a strong start to the year and operational excellence [9][10] - The company noted that AI capabilities integrated into their software offerings are expected to accelerate growth rather than disrupt it [33] - Concerns were raised about the softness in Europe and China, particularly in the chemical sector, but there are signs of growth in test and measurement and power generation [44][60] Other Important Information - Emerson completed $250 million in share repurchases in Q1 and plans to return approximately $2.2 billion to shareholders [10][23] - The company was recognized as the 2026 Industrial IoT Company of the Year, highlighting its leadership in industrial IoT technology [10] Q&A Session Summary Question: Can you break down the 9% order growth in Q1 between process and hybrid? - Management noted that the growth was predominantly driven by modernization and behind-the-meter power generating capacity at data centers, with significant activity in test and measurement [29][30] Question: What are the expectations for the impact of AI on software growth? - Management indicated that AI capabilities are expected to complement and accelerate growth in software offerings, with minimal disruption anticipated [33] Question: How should we think about the cadence of longer-cycle orders translating into sales? - Management stated that the backlog supports mid-single-digit growth and that the build is across various business segments, particularly in control systems and software [40] Question: What is the outlook for the chemical sector in Europe and China? - Management acknowledged continued flat activity in Europe, particularly in chemicals, and a bearish outlook for China, with expectations of low single-digit declines [44][60] Question: What is the company's strategy regarding the opportunity in Venezuela? - Management highlighted a long-established history in Venezuela and plans to mobilize resources to capitalize on potential growth opportunities in the region, particularly in power generation [54][56]