We recently published 10 Big Names, Bigger Losses. Ralliant Corporation 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 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 billion last year, reversing a $354.6 million net income in 2024.
Photo by cottonbro studio on Pexels
Sales also dropped by 6.5 percent to $1.04 billion from $1.11 billion year-on-year.
In the fourth quarter alone, Ralliant Corporation swung to a net loss of $1.37 billion from an $82.7 million net income in the same period a year earlier, including a $1.4 billion non-cash goodwill impairment charge recorded in the test and measurement segment, mainly due to revised expectations for the EA Elektro-Automatik business.
Sales, on the other hand, inched up by 1.18 percent to $554.6 million from $548.1 million year-on-year.
Looking ahead, Ralliant Corporation is targeting revenues of $508 million to $522 million in the first quarter of the year, with adjusted earnings per share of $0.46 to $0.52.
For the full-year period, revenues are projected at $2.1 billion to $2.2 billion, while adjusted EPS is pegged at $2.22 to $2.42.
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This article is originally published at Insider Monkey.
