Reliance Worldwide Corp Ltd (OTCPK:RLLWF)
$ 3.41 0 (0%) Market Cap: 2.70 Bil Enterprise Value: 3.23 Bil PE Ratio: 24.36 PB Ratio: 2.30 GF Score: 88/100

Q3 2021 Reliance Worldwide Corporation Ltd Trading Statement Call Transcript

Apr 27, 2021 / 12:00AM GMT
Release Date Price: $3.75
Operator

Good day, ladies and gentlemen, and welcome to the RWC Third Quarter Trading Update. Today's conference is being recorded. At this time, I would like to turn the conference over to Heath Sharp. Please go ahead.

Heath Sharp
Reliance Worldwide Corporation Limited - Group CEO, MD & Director

Good morning, everyone. Thanks for joining us for our Q3 update. This is Heath Sharp, and with me is our CFO, Andrew Johnson. We are connecting today from Atlanta. You will see that we have released an update to the ASX this morning. I'll step through the highlights before opening for Q&A.

Third quarter trading was exceptionally strong. Revenue was up 25% over the PCP on a constant currency basis and up 14% on a reported basis. All regions achieved very strong results. In the Americas, we had a record quarter with constant currency sales growth up 39%. The this is ahead of the trend we have seen in the preceding quarters. We saw a dramatic impact due to the freeze in and around Texas. This impact was a lot larger than we had first anticipated. Nonetheless, our

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot