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Reliance Worldwide Corp. Ltd. ( (AU:RWC) ) has issued an update.
Reliance Worldwide Corporation Limited reported a significant increase in net profit after tax by 31.8% to US$67.2 million for the six months ending December 2024, driven by a 14.8% rise in net sales to US$676.5 million. The acquisition of Holman Industries contributed to these results, enhancing RWC’s operational performance in a challenging market environment, particularly in the Americas and the EMEA regions. Despite subdued market conditions affecting the UK sales, the company maintained robust cash flow and reduced net debt, indicating strong financial health and strategic growth management.
More about Reliance Worldwide Corp. Ltd.
Reliance Worldwide Corporation Limited (ASX: RWC) operates in the plumbing and heating industry, providing products and solutions primarily for water control, flow, and temperature management. The company has a market focus spanning the Americas, Asia Pacific, and EMEA regions.
YTD Price Performance: 4.72%
Average Trading Volume: 380
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.59B
Learn more about RWC stock on TipRanks’ Stock Analysis page.
