Reliance Worldwide struggles amidst soft market
Global plumbing products group, Reliance Worldwide (ASX:RWC), reported the same weak results on Tuesday as its Australian-focused rivals, GWA and Reece, did on Monday.
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RWC’s acquisition strategy and dividend adjustment
Last week, the global plumbing supplies and services group RWC (ASX:RWC) revealed its $160 million purchase of the Australian company Holman Services, which operates in adjacent sectors.
Read MoreReliance Worldwide sees 8% decline in shares
Global plumbing supplies group Reliance Worldwide (ASX:RWC) witnessed a decline of over 8% in its shares yesterday as its results for the 2022-23 period fell short of expectations.
Read MoreRBA on rates, Why Australia’s market is globally important, Building sector stocks
Fund Manager Chris Pedersen discusses the overnight rate, macro market concerns, the ten-year bond yield, commodity prices, James Hardie, Reliance WorldWide and Brickworks.
Read MoreReliance Taps into Workforce to Keep Costs in Check
Plumbing supplies group Reliance Worldwide says it will cut jobs to get an annual cost reduction of $US15 million after a 10% drop in interim earnings for the six months to December.
Read MoreReliance Result Not Quite What it Seems
The bare September quarter figures from Reliance Worldwide didn’t tell the real story of a company suffering margin compression from rising costs and weak sales in the US.
Read MoreTrading Tidbits: LLC, NCK, RWC
Here’s Monday’s key June 2022 half-year results, featuring the latest from developer Lendlease, retail chain Nick Scali and plumbing supplies group Reliance Worldwide.
Read MoreRWC – UBS rates the stock as Neutral
UBS downgrades to Neutral from Buy. Target is reduced to $5.90 from $6.16.
Read MoreReliance Withholds Guidance Despite Strong Result
Despite more than doubling its profit this time around, Reliance Worldwide has declined to provide 2021-22 guidance due to the ongoing uncertainty surrounding market conditions.
Read MoreRWC – Ord Minnett rates the stock as Buy
Ord Minnett upgrades its earnings forecasts and increases its target price to $6.20 from $5.90. The broker’s Buy rating is maintained.
Read MoreReliance Posts Strong Quarterly Despite Currency, Material Costs
Plumbing and building supplies group Reliance Worldwide shares hardly moved yesterday in the wake of an early solid March quarter sales update.
Read MoreReliance Taps into COVID Boom
Global plumbing and heating firm Reliance Worldwide is another stock to ‘enjoy’ the benefits of the pandemic with an 82% surge in after tax profit and a higher dividend.
Read MoreRWC – Morgans rates the stock as Hold
Reliance Worldwide provided what Morgans assesses to be a strong trading update, with first half earnings (EBITDA) well ahead of forecasts. Following upgrades to earnings, the Hold rating is maintained and the target price is increased to $4.62 from $4.08.
Read MoreReliance Surprise Sees Share Price Spike
Shares in Australian-based global plumbing supplies giant Reliance Worldwide Corp (RWC) jumped more than 6.5 percent after the company surprised with a better than expected trading update for the six months to December.
Read MoreCan Reliance Worldwide Maintain Growth?
After a September quarter that reflected home-bound households undertaking renovations, will Reliance Worldwide maintain strong growth in plumbing sales as city activity returns to normal?
Read MoreRWC – UBS rates the stock as Neutral
Reliance Worldwide Corp’s September quarter sales growth was ahead of expectations. Management suggests a limited upside to margins in the near term with S&GA normalising and reversing of tailwinds of copper and FX.
Read MoreRWC – UBS rates the stock as Downgrade to Neutral from Buy
UBS downgrades Reliance Worldwide Corp to Neutral from Buy with the target price increased to $3.85 from $3.65.
Read MoreSurprise Lift In US Sales Boosts Plumbing Play Reliance Worldwide
Global plumbing and kitchen supplies group, Reliance Worldwide revealed better than expected 2019-20 figures on Monday, prompting a near 18% surge in the share price by the close.
Read MoreRWC – Credit Suisse rates the stock as Upgrade to Outperform from Neutral
Credit Suisse increases estimates for net profit by 53% in FY20 and 22% in FY21. The contractor outlook in the US has improved materially.
Read MoreRWC – Credit Suisse rates the stock as Neutral
Credit Suisse assesses the company’s update is, on the whole, a “good result”. The broker suspects it underestimated a spike in DIY sales and omitted the boost from promotional activities.
Read MoreRWC – UBS rates the stock as Buy
The company has put more than 40% of its UK staff on leave as channel partners there temporarily close or reduce their purchases.
Read MoreInvestors Throw The Kitchen Sink At Reliance Worldwide
Reliance Worldwide’s share price plunged by more than a quarter after it downgraded its full-year guidance off the back of a near 24% slide in first-half profit.
Read MoreReliance Worldwide Waters Down Outlook
Shares in Reliance Worldwide Corporation plunged more than 26% yesterday after it downgraded 2018-19 profit guidance.
Read MoreRWC – Deutsche Bank rates the stock as Hold
The company has maintained FY19 guidance and the first half is only expected to contribute 45-47%.
Read MoreExpanding Reliance Worldwide Disappoints Investors
Shares in plumbing supplies group Reliance Worldwide fell more than 10% yesterday after the group revealed a solid underlying profit result after considerable change at the end of the year after the big move offshore through the takeover of UK group, John Guest for $1.2 billion.
Read MoreReliance Joins Reece In Big Plumbing Expansion
Brisbane-based Reliance Worldwide Corp (RWC), best known for its Sharkbite plumbing fittings, is looking to increase its size by around half via the $1.2 billion acquisition of UK group John Guest Holdings, which is a rival maker of push to connect fittings for plumbing and other uses.
Read MoreCopper Price Sinks Reliance Worldwide
The rising copper price is helping companies by BHP, Rio Tinto, OZ Minerals, Glencore and Newcrest, but for end users, it starting to be a headache.
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