Australia · Delayed Price · Currency is AUD Reliance Worldwide Corporation Earnings Call Transcripts
Fiscal Year 2026
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First half FY 2026 saw lower sales and margins due to tariffs and weak markets, but strong cash flow and disciplined cost management supported net debt reduction. Margin improvement is expected in H2 as tariff mitigation and pricing actions take effect.
Fiscal Year 2025
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FY 2025 saw resilient performance amid weak markets, with net sales up 5.5% (driven by Holman), steady margins, and strong cash flow. FY 2026 will be a transition year, with tariffs expected to impact earnings, but mitigation plans are underway and leverage remains low.
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First-half sales and earnings grew strongly despite weak markets, driven by resilient repair and maintenance demand, Holman integration, and cost savings. FY25 guidance calls for flat to modest sales growth excluding Holman, with margin improvement targeted and tariff, FX, and wage inflation as key risks.
Fiscal Year 2024
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FY24 delivered resilient results with flat EBITDA, strong cash flow, and successful Holman integration despite weak construction markets. FY25 H1 guidance targets stable sales and margin expansion, with $10–15 million in additional cost savings planned.