FY24 Full Year Results
![FY24 Annual Report](/sites/default/files/styles/16_10_medium/public/media-image/rwc13503_investors_dropdown_thumbnail.jpg?itok=ViUBTCtl)
19 August 2024
Reliance Worldwide Corporation Limited today announced results for financial year ended 30 June 2024.
Highlights:
- Net Sales growth of 0.2% to US$1,245.8 million over the prior corresponding period (“pcp”)
- Adjusted EBITDA1 of US$274.6 million, in line with pcp
- Adjusted net profit after tax1 of US$146.9 million, down 6% on pcp
- Cash Flow from Operations up 7% to US$314.2 million, leverage reduced to 1.59 times net debt to EBITDA
- Cost savings of $23 million for the period, driven by prior period restructuring in the Americas, procurement savings, restructuring in EMEA, and other continuous improvement initiatives
- Final distribution of US5.0 cents per share, unfranked interim dividend of US2.50 cents per share and on-market share buyback of US$19.6 million
For investor enquiries, please contact:
Phil King
Group Investor Relations Director
Tel: +61 499 986 189
Email: [email protected]