$RELIANCE WORLDWIDE CORP LTD(RWC.AU)$ Reliance Worldwide: Plumbing the Depths of Profit
Kia ora Tiger traders! 🛠️ Reliance Worldwide (ASX: RWC) continues to impress with its flagship SharkBite fittings, revolutionizing plumbing with push-to-connect technology. Despite a slight dip in NPAT, their cash flow from operations has surged by 61% to US$151.6m. With a strong presence in the Americas and robust dividend payments, RWC stands resilient against inflation. This stock is a solid bet for those seeking steady growth in the industrial sector. 📈🚰
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
In reply to @PatrickPatterson due to exceeding the comment restriction of 300 words!
$RELIANCE WORLDWIDE CORP LTD(RWC.AU)$ Kia ora Tiger PP, Absolutely, Reliance Worldwide's innovation in plumbing is impressive. Those SharkBite fittings are changing the game. As of June 2024, they've confirmed their full-year trading outlook with cash flow from operations surging by 61% to US$151.6 million. Their strategic acquisition of Holman Industries further boosts their market strength. With consistent dividends and a robust presence in key markets, RWC is a solid pick for those seeking steady growth in the industrial sector.
Let's keep the conversation going and watch this one closely! Who else is eyeing RWC for their portfolio? 🛠️🚰📈💰
【 [oai_citation:1,News | RWC](https://www.rwc.com/news) [oai_citation:2,RWC Confirms FY24 Full Year Trading Outlook | RWC](https://www.rwc.com/news/rwc-confirms-fy24-full-year-trading-outlook)
Cheers BC, happy trading ahead 🍀
@ASX_Stars