0033 GMT - Reliance Worldwide's assessment of the impact of U.S. tariffs represents an 8%-11% downgrade to Ord Minnett's FY 2026 Ebitda forecast. "However, in our view this represents somewhat of a worst-case scenario given it is unlikely Chinese tariffs remain at 145%," analyst James Casey says. Imports account for around 48% of Reliance's cost of goods sold in the Americas region. It is attempting to mitigate the tariffs' impact by raising prices in the U.S. and overhauling its supply chain. Still, Reliance estimates the impact on its FY 2026 operating earnings at US$25 million-US$35 million. Ord Minnett has an accumulate call on Reliance. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 04, 2025 20:33 ET (00:33 GMT)

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