Reliance Worldwide Corporation Ltd (ASX:RWC): FY2026 Results Highlight Regional Performance and Operational Restructuring

Sonal Goyal

22 September 2026 07:31 PM AEST

Reliance Worldwide Corporation Ltd (ASX:RWC): FY2026 Results Highlight Regional Performance and Operational Restructuring

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Highlights

Reliance Worldwide Corporation Ltd (ASX:RWC) reported FY2026 group net sales of US$1,305.6 million.
Adjusted EBITDA was US$242.1 million, while adjusted NPAT was US$125.1 million after restructuring-related adjustments.
At the time of writing on 22 September 2026, Reliance Worldwide Corporation Ltd (ASX:RWC) was trading at AUD 4.62.
The company reported cash generated from operations of US$263.4 million and net Debt of US$243.4 million at 30 June 2026.

Reliance Worldwide Corporation Ltd (ASX:RWC) designs, manufactures and supplies plumbing products and solutions across global markets. The company has released its FY2026 Operating and Financial Review, outlining sales performance, regional operations, restructuring activities and financial position.

RWC operates across the Americas, Asia Pacific and Europe, Middle East and Africa (EMEA), supplying plumbing and water control products to residential, commercial and industrial customers.

Company Business

Reliance Worldwide Corporation operates in the plumbing products sector, providing solutions through brands and product categories across global markets. Its operations include manufacturing, distribution and customer support activities.

The company’s regional operations include the Americas, Asia Pacific and EMEA. In FY2026, the Americas generated sales of US$824.8 million, Asia Pacific generated US$298.3 million and EMEA generated US$260.0 million.

RWC continues to manage Manufacturing and distribution operations across its regions. During FY2026, the company undertook restructuring activities in APAC manufacturing operations and continued Investment in facilities including a new Mexico Facility scheduled to commence operations by the end of calendar 2026.

Recent Development

In FY2026, RWC reported group net sales of US$1,305.6 million, down 0.7% compared with the prior year. Adjusted net sales increased 3.0% after adjusting for Tariff refund provisions, customer incentive classification changes and previously announced portfolio changes.

Adjusted EBITDA was US$242.1 million, down 12.8% from the prior corresponding period. Adjusted EBITDA Margin was 18.5% compared with 21.1% in the previous year.

Reported NPAT was US$6.3 million after US$103.3 million of post-tax one-off charges, mainly related to APAC manufacturing restructuring, property exit costs, asset write-downs and intangible asset impairment. Adjusted NPAT was US$125.1 million.

The company reported that it completed restructuring actions including the closure of a manufacturing site in Brisbane and distribution centres in Sydney and Perth.

Financial Performance and Sector Context

The Americas segment reported sales of US$824.8 million, with adjusted EBITDA of US$161.4 million. Performance was affected by US tariffs, lower volumes and higher input costs, including copper prices.

Asia Pacific sales increased to US$298.3 million, while adjusted EBITDA declined to US$20.2 million due to higher raw material and freight costs and lower manufactured volumes.

EMEA sales were US$260.0 million. Adjusted EBITDA was US$68.7 million, with performance affected by investment in Customer Service improvements and production ramp-up costs at the Poland assembly facility.

Cash generated from operations was US$263.4 million. Operating Cash Flow conversion was 108.8% of adjusted EBITDA. Net debt at 30 June 2026 was US$243.4 million, with net debt to EBITDA of 1.11 times.

The industrial products sector continues to be influenced by housing activity, construction demand, input costs, Supply chain conditions and customer investment cycles.

Risks to Consider

Key risks include changes in residential construction activity, raw material prices, tariffs, foreign exchange movements, manufacturing costs, customer Demand and economic conditions across operating regions.

The company also faces execution requirements associated with manufacturing transitions, restructuring activities and facility expansion.

What to Watch Next

Future updates may include regional sales performance, progress of manufacturing initiatives, cost reduction outcomes and execution of FY2027 operating plans.

RWC expects FY2027 group sales growth in the mid to high-single digit percentage range, with adjusted EBITDA margin expected to remain broadly consistent with FY2026.

Key Insights

Reliance Worldwide Corporation reported FY2026 sales of US$1,305.6 million and adjusted EBITDA of US$242.1 million while managing restructuring activities across its operations. The company continues to operate across global plumbing markets and is focused on regional growth, cost management and operational changes.

FAQs

Q:What were RWC’s FY2026 sales figures?

A:RWC reported group net sales of US$1,305.6 million for FY2026.

Q:What was RWC’s adjusted EBITDA?

A:RWC reported adjusted EBITDA of US$242.1 million.

Q:What was RWC’s adjusted NPAT?

A:RWC reported adjusted NPAT of US$125.1 million.

Q:What regions does RWC operate in?

A:RWC operates across the Americas, Asia Pacific and EMEA regions.

Q:What is RWC’s FY2027 outlook?

A:RWC expects mid to high-single digit sales growth with adjusted EBITDA margin broadly consistent with FY2026.

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