FY24 Full Year Results

Reliance Worldwide Corporation Limited today announced results for financial year ended 30 June 2024.

Highlights:

• Net Sales growth of 0.2% to US$1,245.8 million over the prior corresponding period (“pcp”)
• Adjusted EBITDA1 of US$274.6 million, in line with pcp
• Adjusted net profit after tax1 of US$146.9 million, down 6% on pcp
• Cash Flow from Operations up 7% to US$314.2 million, leverage reduced to 1.59 times net debt to EBITDA
• Cost savings of $23 million for the period, driven by prior period restructuring in the Americas, procurement savings, restructuring in EMEA, and other continuous improvement initiatives
• Final distribution of US5.0 cents per share, unfranked interim dividend of US2.50 cents per share and on-market share buyback of US$19.6 million

For investor enquiries, please contact:

Phil King
Group Investor Relations Director
Tel: +61 499 986 189

Email: [email protected]