Reliance Worldwide Corp. Ltd. ( (RLLWF) ) has released its Q2 earnings. Here is a breakdown of the information Reliance Worldwide Corp. Ltd. presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Reliance Worldwide Corporation Limited is a company engaged in the design, manufacture, and supply of high-quality water flow control and monitoring products for the plumbing and heating industry. In its latest earnings report for the half-year ended 31 December 2024, the company reported a significant increase in net sales to $676.5 million, a 14.8% rise from the previous corresponding period, due in part to the acquisition of Holman Industries. Reported EBITDA grew by 26.8% to $142.8 million, and net profit after tax increased by 31.8% to $67.2 million, reflecting strong operational performance and cost savings of $10.2 million. The company announced a distribution policy with a total distribution of 5.0 cents per share, split between cash dividends and share buy-backs, aiming to provide value to shareholders. Looking forward, Reliance Worldwide Corporation remains focused on managing risks from geopolitical and macroeconomic events while pursuing continuous improvement and integration synergies to sustain growth.
