Economic UncertaintyCurrent macro/economic uncertainty and some cyclical aspect to RAL’s portfolio could lead to continuation of softer organic sales growth and that coupled with volume deleverage could continue to impact RAL’s margin/profitability potential.
Profitability ChallengesT&M EBITDA margins were down and expected to be lower than previous levels, indicating challenges in profitability.
Revenue DeclineKey concern for investors will be pace of revenue declines, especially in Test & Measurement which saw sales decline ~23% y/y in Mar-qtr.