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Reliance Worldwide
Amid rising copper costs and US housing pressures, Reliance Worldwide Corporation navigates challenges during its leadership transition after Stuart Crosby's retirement.
(AI video summary)
This video was created on 19 January 2026 for IG audiences by ausbiz.
ASX code: RWC
Leadership transition amid global market challenges
Reliance Worldwide Corporation, a leading plumbing supplies company, is navigating a period of transition and external pressures. Stuart Crosby, chair of the board, has retired with immediate effect, citing health reasons. Interim leadership will be provided by non-executive director Russell Chenu, while the firm seeks a permanent replacement. This leadership change comes as the company confronts fluctuating market dynamics, particularly in the United States (US).
Influence of copper price and US housing market
A Citi analyst downgraded Reliance Worldwide to 'neutral', citing rising copper prices as a concern for supply costs over the next 12 months. However, some suggest the SharkBite product, which utilises plastic or PVC instead of copper, could benefit from these high prices
Reliance Worldwide operates in the US, Europe, and Australasia. While the US housing market shows signs of improvement, real estate volumes are pressured by high mortgage rates, causing scepticism about the company's growth prospects despite rallies in housing stocks.
Investment outlook
Analysts hold differing views on Reliance Worldwide, with some suggesting a 'hold' position due to potential earnings growth, while others remain cautious, suggesting an 'avoid or sell' stance due to market headwinds.
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