Reliance Worldwide Sees FY27 Sales Up Mid-to-High Single Digits
Reliance Worldwide expects FY27 group sales to rise by a mid- to high-single-digit percentage, with EBITDA margin broadly consistent with FY26. If the Brookfield deal does not proceed, it may declare a dividend and resume buybacks.
Reliance Worldwide has issued guidance for fiscal 2027, projecting group sales to increase by a mid- to high-single-digit percentage compared with the prior year. The FY27 EBITDA margin is expected to be broadly consistent with FY26.
The company also addressed the pending Brookfield transaction. If it does not proceed, Reliance Worldwide said it intends to consider declaring a dividend and/or recommencing its share buy-back program.
The update signals management’s confidence in underlying growth while keeping capital-return options open if the Brookfield deal fails to close.
Source: First Squawk