Reliance Worldwide confirms FY18 EBITDA guidance

Company News

by Anna Napoli

Reliance Worldwide (ASX:RWC) has completed a review of the recent changes made to US import duties and says the duties are not expected to have a material impact on earnings in future years.

Based on currently available information, the estimated impact for financial year 19 is expected to be less than US$1.5 million.

The company says management has identified a range of strategies that can mitigate any future impact such as alternative sourcing of product and price increases.

Following its review Reliance has confirmed its earnings guidance for the 2018 financial year within the range of $150 to $155 million.

Shares in Reliance Worldwide (ASX:RWC) are trading 2.02 per cent lower at $5.83.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.