Financial PerformanceFor 2025, we forecast (5.1)% y/y organic revenue decline and (540)bp of y/y adj. EBITDA margin compression, resulting in adj. EBITDA of $417mn, down (25)% y/y.
Revenue DeclineRAL has experienced organic declines for about two years, and while there's forecasted improvement, the recovery is mild compared to prior upcycles.
Spin-off ImpactAs a result of the spin-off, Ralliant’s calibration services business lost ~$75mn in Fluke-related revenue.