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Reliance Worldwide Corp. ( (AU:RWC) ) just unveiled an update.
Reliance Worldwide Corporation has announced a further on-market share buy-back of A$120 million, representing a return of excess capital under its established capital management framework. This new program is in addition to the previously announced on-market buy-back of about US$15.3 million tied to the half-year distribution for the period ended 31 December 2025.
The enlarged buy-back will be implemented by varying the current on-market program and funded through a mix of cash reserves and available borrowing facilities. The board said the move reflects confidence in the company’s strategy and outlook, citing strong cash flow generation, reduced net debt and a leverage ratio now below its 1.5–2.5 times net debt-to-EBITDA target range, with expectations it will remain comfortably within that range after the buy-back.
RWC views the additional buy-back as an efficient way to return excess capital to shareholders while maintaining balance sheet flexibility. The company noted the varied on-market buy-back will comply with the 10/12 limit, and it retains the discretion to vary, suspend or terminate the program depending on future conditions and capital requirements.
The most recent analyst rating on (AU:RWC) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Reliance Worldwide Corp. stock, see the AU:RWC Stock Forecast page.
More about Reliance Worldwide Corp.
Reliance Worldwide Corporation is an ASX-listed manufacturer and supplier of plumbing and water control products. The company focuses on providing fittings, valves and related systems for residential and commercial applications, with operations supported by a capital management framework aimed at balancing growth, debt levels and returns to shareholders.
YTD Price Performance: -23.70%
Average Trading Volume: 3,303,307
Technical Sentiment Signal: Sell
Current Market Cap: A$2.21B
For an in-depth examination of RWC stock, go to TipRanks’ Overview page.