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Reliance Worldwide continues to reward investors

Reliance Worldwide continues to reward investors

Reliance Worldwide (ASX:RWC), a global provider of water control systems and plumbing solutions, is a business we’re very happy to own. True to its name, the company’s latest earnings announcement was extremely positive, which led to a strong bounce in the share price.

Reliance announced a strong performance in its Americas segment, reporting a surge in demand from US retail and hardware channels and a successful roll out of a hardware shelf/bay redesign.  The company also explained it had integrated its HoldRite manufacturing plant in Tennessee with its main RWC facility in Alabama with only a three month delay and the reduction of 21 positions.

In Australia, performance was in line with expectations and the company reported minimal COVID-19 impacts. That however was not the case in the UK and Europe where revenues were heavily impacted by COVID-19 related mitigation strategies.


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Roger is the Founder and Chief Investment Officer of Montgomery Investment Management. Roger brings more than three decades of investment and financial market experience, knowledge and relationships to bear in his role as Chief Investment Officer. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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