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Why Did Reliance Worldwide’s Profit Plunge 35% Despite Cost Savings?
7:54am on Tuesday 17th of February, 2026 AEDT
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Why Did Reliance Worldwide’s Profit Plunge 35% Despite Cost Savings?
7:54am on Tuesday 17th of February, 2026 AEDT
Key Points
Revenue down 4.6% to US$645.4 million
Net profit after tax falls 34.9% to US$43.7 million
US tariffs and weaker US/UK demand weigh on results
Cost savings of US$4.4 million achieved
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RELIANCE WORLDWIDE (ASX:RWC)
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