Australia's Reliance Worldwide Corporation falls as US tariffs hit earnings outlook

Reliance Worldwide

05/05/2025 04:08

** Shares of Reliance Worldwide Corporation RWC.AX fall as much as 4.1% to A$4.020, posting their biggest intraday percentage decline since April 4

** Stock hits its lowest level since April 24

** Plumbing solutions provider flags pressure on 2025 Americas sales amid worries about U.S. tariffs

** Co warns of total cost impact of up to $35 million on its operating earnings for the next fiscal year from the tariffs

** Stock last down 1.7%, bringing YTD losses to 17.4%

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))