TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Rubicon Water Limited ( (AU:RWL) ) just unveiled an update.
Rubicon Water Limited has announced that the newly imposed 10% US tariffs on selected Australian imports are not expected to materially impact its FY25 financial results. The company has implemented strategic initiatives to mitigate these effects, including localizing production in the US and passing duty-related costs to customers. Additionally, Rubicon has successfully collected $5.0 million AUD from Indian customers, significantly reducing its outstanding receivables in India, with further collections anticipated before the fiscal year-end.
More about Rubicon Water Limited
Rubicon Water Limited is an Australian company specializing in water technology solutions. It operates in the water management industry, focusing on providing innovative products and services to enhance water distribution and efficiency. The company has a significant market presence in the United States, where it generates a substantial portion of its revenue.
YTD Price Performance: -5.17%
Average Trading Volume: 66,216
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$66.19M
For an in-depth examination of RWL stock, go to TipRanks’ Stock Analysis page.