Australia's Reliance Worldwide set for best week in two years on reaffirming outlook

Reliance Worldwide

01/05/2026 03:32

** Shares of Australia's Reliance Worldwide Corporation RWC.AX rise as much as 4% to A$3.38, their highest level since February 26

** Stock has risen nearly 9% so far in the week, set for its best week since late-February 2024

** Plumbing solutions provider said on Tuesday it now sees FY26 net cost impact at the lower end of $25 million–$30 million forecast range

** Said it has no direct exposure to the Iran conflict and expects no material impact on FY26 earnings

** Stock down 13.9% YTD

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))