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.
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Reliance Worldwide Corporation Limited
RWC and its family of brands transform performance and efficiency for plumbing and heating, smart homes and specialist industries around the world.
One brand family, one complete solution
As a global family of powerful brands, we have developed a complementary product portfolio to help our customers deliver, control, optimise and solve in innovative, reliable and simple ways every single da
Spotlight Videos
RBA 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.
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News
Reliance 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.
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RBA 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.
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Reliance 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.
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Reliance 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.
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Analyst Views
RWC – UBS rates the stock as Neutral
UBS downgrades to Neutral from Buy. Target is reduced to $5.90 from $6.16.
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RWC – 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.
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RWC – 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.
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RWC – 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.
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RWC – 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.
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