RWC 1.14% $5.77 reliance worldwide corporation limited

Feb 21 (Reuters) - Reliance Worldwide Corporation Ltd (RWC) :...

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    Feb 21 (Reuters) - Reliance Worldwide Corporation Ltd (RWC) :

    • OUTLOOK FOR KEY MARKETS IN SECOND HALF OF FY22 REMAINS POSITIVE FROM A DEMAND PERSPECTIVE
    • SEES ADVERSE SUPPLY CHAIN IMPACTS ARE LIKELY TO REMAIN HEADWINDS FOR MUCH OF FY2022
    • CAPITAL EXPENDITURE FOR THE YEAR IS EXPECTED TO BE ABOUT $60 MILLION TO $70 MILLION
    • COST REDUCTION INITIATIVES ARE EXPECTED TO DELIVER $8 MILLION IN SAVINGS FOR FY22
    • ADJUSTED EBITDA MARGIN IN Q4 (EXCLUDING EZ-FLO) WILL BE COMPARABLE WITH THAT ACHIEVED IN FY21
    • PRICE INCREASES THAT WILL TAKE EFFECT FROM Q3 EXPECTED TO OFFSET INPUT AND OTHER COST INCREASES RECORDED TO DATE
 
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