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HY24 Half Year Results Announcement

FY24 Half Year Results Image

Reliance Worldwide Corporation Limited (ASX: RWC) (“Company”) announces the following financial results for the Company and its controlled entities (together “RWC”) for the six months ended 31 December 2023.

Strong financial performance

  • Strong sales performance in the Americas driven by new product initiatives
  • Group operating margins stable, aided by cost management
  • Americas operating margin improvement
  • EMEA cost savings focus partly offset margin impact of weaker trading conditions
  • Strong operating cash flow generation, further reduction in debt and leverage

Significant progress on new product rollouts positioning for growth

  • SharkBite Max: strong operational execution, meeting rollout schedule and commercial objectives
  • PEX-a: retail rollout completed, wholesale underway
  • EZ-Flo gas appliance connectors: expanded retail distribution

FY24 guidance maintained with performance on track


For investor enquiries, please contact:

Phil King
Group Investor Relations Director
Tel: +61 499 986 189
Email: [email protected]

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