Reliance Worldwide (ASX:RWC) reported Tuesday fiscal first-half adjusted earnings of $0.067 per share, down from $0.098 a year earlier.

Analysts polled by FactSet expected earnings of $0.07.

Net sales for the six months ended Dec. 31, 2025, was $645.4 million, compared with $676.5 million a year earlier. Analysts surveyed by FactSet expected $666 million.

The company said it expects trading conditions in the second half of the year to remain broadly consistent with the first half.

It also expects fiscal second-half external sales to be higher than the prior corresponding period by mid-single digit percentage points and external sales for the full year to be broadly flat.

Analysts polled by FactSet expect second-half sales of $669 million and full-year sales of $1.34 billion.

Reliance Worldwide also sees lower impact from US tariffs in the second half of the year.

The board declared an interim dividend of $0.02 per share, down from $0.025 a year earlier, payable April 2 to shareholders on record as of March 3.