Tariff Pain to Impact Reliance Worldwide for Longer -- Market Talk

Dow Jones
02/17

2200 GMT - There's not much to get excited about in Reliance Worldwide's 1H result, says Jefferies analyst Ramoun Lazar. He expects the plumbing fittings supplier's stock to struggle today. U.S. tariffs dented Reliance's earnings in 1H and the impact of the levies has got incrementally worse. Reliance estimates the net impact of tariffs in FY 2026 at US$25 million-US$30 million, weighted mostly to 1H. That guidance was unchanged but Reliance now expects a residual impact of US$5 million-US$7 million in FY 2027. That compared to zero impact forecast before. Reliance blamed timeframes associated with commissioning a new facility in Mexico together with other sourcing changes. Reliance ended Monday at A$3.85, down some 28% over the past 12 months. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

February 16, 2026 17:00 ET (22:00 GMT)

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