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Reliance Worldwide Corp. Ltd. ( (AU:RWC) ) just unveiled an update.
Reliance Worldwide Corporation Limited reported a strong financial performance for the six months ending 31 December 2024, with a notable 14.8% increase in revenue to US$676.5 million and a 31.8% rise in net profit to US$67.2 million. The results were bolstered by the full-period contribution from Holman Industries, acquired earlier in the year, indicating robust operational execution and strategic expansion, which positively impacted earnings per share and net tangible assets per share, reflecting the company’s strengthened market position.
More about Reliance Worldwide Corp. Ltd.
Reliance Worldwide Corporation Limited (ASX: RWC) operates in the plumbing and water control industry, providing essential plumbing products and solutions. The company focuses on delivering innovative water control and safe water delivery systems, holding a significant position in the global market.
YTD Price Performance: 4.72%
Average Trading Volume: 380
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.59B
Find detailed analytics on RWC stock on TipRanks’ Stock Analysis page.
