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Reliance Worldwide Corporation Limited

ASX Announcements

Change in substantial holding

Change in substantial holding

  • Nov 11, 2024
  • 11 pages

Change of Director's Interest Notice - Sharp

Change of Director’s Interest Notice

  • Oct 25, 2024
  • 3 pages

Notification regarding unquoted securities - RWC

Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)

  • Oct 25, 2024
  • 6 pages

Investor presentation

Company Presentation

  • Oct 24, 2024
  • 41 pages

Final Director's Interest Notice

Final Director’s Interest Notice

  • Oct 24, 2024
  • 2 pages

View all RWC announcements

August

Geoff Wilson is in the same boat as everyone else at the end of this exhausting profit season – trying to pinpoint exactly where we are in this cycle.

What I learnt from 30 CEOs in 30 days

The profit season has delivered a confusing picture of an economy stuck between cycles. Here are 30 nuggets to help investors navigate this tricky environment. 

  • Updated
  • James Thomson
Property giant Dexus has tweaked its dividend ratio so it has more capital available to move quickly if an opportunity presents itself.

Dexus’ big move and the other result that caught our eye

Dexus gives itself more wriggle room, Reliance Worldwide gets investor hearts racing, and Vicinity Centres goes further upmarket.

  • James Thomson and Anthony Macdonald
Interest rate pressure is finally showing up across the economy.

‘People need a rate cut’: Here’s the big story of profit season

The pressure of higher-for-longer rates is the thread running through profit season. But the pain is far from over, even if the ASX 200 doesn’t believe it.

  • James Thomson

February 2023

Mortgage competition is intense: Bendigo and Adelaide Bank chief executive Marnie Baker.

What we learnt: Bendigo joins banking’s Game of Thrones

Bendigo Bank war-games the profit versus growth conundrum, why NIB’s profit drop is a good thing, and Reliance Worldwide thinks small.

  • Updated
  • James Thomson
Plumbing supplies group Reliance Worldwide is slashing costs to try and boost profits.

Reliance Worldwide cuts jobs as interim profits rise 5pc

The plumbing supplies group is getting rid of about 50 jobs in the US to meet new cost-cutting targets as it battles tougher economic conditions.

  • Updated
  • Jenny Wiggins
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Reliance Worldwide Corp’s rides the US housing cycle.

Soft US housing puts Reliance Worldwide in PE’s sights

It’s seven years since Reliance Worldwide Corp hit the ASX boards, and suitors are thinking about whether it’s possible to return it back into private hands.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

October 2022

Stormy conditions have reduced earning visibility at Reliance Worldwide.

The warning from this $2.5b company should worry all investors

Reliance Worldwide’s plunging share price shows investors have a lot to worry about: falling demand, rising inflation, increasing debt costs and even COVID. 

  • James Thomson
Plumbing supplies group Reliance Worldwide is accelerating a cost-cutting drive ahead of deteriorating economic conditions.

Cost-cutting in the spotlight for plumbing supplies group

The playbook of plumbing supplies group Reliance, which lifted prices and is now cutting costs, is set to be common place across industry.

  • Simon Evans

August 2022

Finding a good plumber to do a large renovation is still a tough task, and Reliance Worldwide boss Heath Sharp says that’s a good sign for pent-up demand.

Renovators to cushion plumbing supplies group Reliance

A softer July is a worry, but chief executive Heath Sharp says there is a big backlog of renovation work and plumbers cannot keep up.

  • Simon Evans

April 2022

Reliance Worldwide is raising prices to counter inflation in materials such as copper, steel and resins as well as packaging.

Plumbing supplies group Reliance Worldwide lifts prices 10pc

Renovators already facing lengthy delays in finding tradies have another reason to worry, with the cost of plumbing hardware jumping.

  • Simon Evans

March 2022

The cost of electronics goods like televisions is expected to rise as inflation takes off.

More price hikes coming, shoppers told

Consumers will need to pare back purchases of discretionary items like televisions, blenders and Botox treatments as the rising cost of fuel and materials forces more companies to raise prices, business leaders say.

  • Jenny Wiggins, Carrie LaFrenz and Simon Evans

February 2022

Mike Cannon-Brookes’ investment in Tyro took a tumble on Monday.

What we learnt: Mike Cannon-Brookes’ other bet slumps

Payments group Tyro tumbles shocks investors, Lendlease bounces along the bottom and Reliance Worldwide shrugs off the spicy cough. 

  • James Thomson
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All the profit results for February 21, 2022

Results briefing | News and analysis on today’s profit results from Adairs, Altium, Ampol, BlueScope, Chorus, Cooper Energy, Endeavour, GDI, Hansen, Helloworld, Latitude, Lendlease, Maca, NIB, Nuix, OZ Minerals, Reliance, SelfWealth, Senex, Silver Lake, Sonic Healthcare, Starpharma, Super Retail, Tyro, Viva.  Find updated reports and analysis here.

  • Andrew Hobbs
Reliance Worldwide is raising prices to counter inflation in materials such as copper as well as packaging.

‘Unprecedented’ price inflation is why you’re paying more for pipes

Reliance Worldwide CEO Heath Sharp says he has never seen prices of commodities and packaging materials increase so fast.

  • Jenny Wiggins

October 2021

The EZ-FLO acquisition will take Reliance into a new category of plumbing connections for dishwashers, water heaters and washing machines.

Reliance Worldwide steps up US expansion with EZ-FLO buy

Reliance CEO Heath Sharp says he is impressed by the pricing power of the business as it moves into the large appliance market.

  • Updated
  • Simon Evans
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August 2021

Reece Group operates about 640 stores in Australia and NZ. Renovating a bathroom has been popular in the pandemic.

Reece Group loads up on bathtubs to blunt shipping strife

The bathrooms giant lifted profits by 25 per cent to a record as home renovations boomed, but lockdowns have curbed growth.

  • Simon Evans

What we learnt: Reliance Worldwide, WAM Microcap, Prospa

Reliance shows how to live with delta, WAM hunts unloved little gems, and Prospa delivers some good news about SME resilience.

  • Updated
  • James Thomson
Reliance Worldwide CEO Heath Sharp.

Renovators drive Reliance Worldwide but inflation pressures build

Shipping delays and a shortage of plumbers are a potential constraint, after Reliance delivered booming profits.

  • Updated
  • Simon Evans

July 2021

LCL is a big supplier of brass to Reliance Worldwide for plumbing fittings.

Reliance Worldwide buys Melbourne brass maker

The $4.2 billion plumbing supplies group will pay $37 million for a business which derives 90 per cent of its sales from Reliance.

  • Simon Evans

May 2021

Reliance Worldwide CEO Heath Sharp.

Reliance Worldwide hunts for acquisitions in UK, US

The plumbing supplies group is on the front foot looking for bolt-on buys, and eventually wants to own a big European business too.

  • Simon Evans

Original URL: https://www.afr.com/company/rwc-1b3