BUZZ-Australia's Reliance Worldwide falls on US tariff-led weak outlook
Reuters
Aug 19, 2025
BUZZ-Australia's <a href="https://laohu8.com/S/RLLWF">Reliance Worldwide</a> falls on US tariff-led weak outlook
** Shares of Australia's Reliance Worldwide CorpRWC.AX fall as much as 8.9% to A$4.19, their biggest intraday pct since August 21, 2023
** Stock hits lowest level since biggest intraday pct loss since August 5
** The plumbing and heating products manufacturer says imposition of additional U.S. tariffs expected to adversely impact operating earnings and margins
** Co sees net cost impact of tariffs on FY26 operating earnings (EBITDA) to be in the range of A$25 mln ($16.23 mln) to A$30 mln
** Expects H1 FY26 consol group EBITDA margin to be lower than last year due to lower volumes and tariff impacts
** YTD, stock down 13.8%
($1 = 1.5404 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))
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