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By Adwitiya Srivastava and Nikita Maria Jino
(Reuters) - Shares of Reliance Worldwide Corporation were on track for their weakest session in about a month, after the Australian firm warned of pressure on 2025 Americas sales and cut its earnings outlook as it braces for the impact of U.S. tariffs.
Shares in the plumbing solutions provider slumped as much as 4.1% on Monday, their largest intraday fall since April 9, while the broader benchmark index traded 0.7% lower.
The company said it would ...
>>> Read more: Australia's Reliance Worldwide warns of Americas sales pressure, tariffs' cost impact
(Reuters) - Shares of Reliance Worldwide Corporation were on track for their weakest session in about a month, after the Australian firm warned of pressure on 2025 Americas sales and cut its earnings outlook as it braces for the impact of U.S. tariffs.
Shares in the plumbing solutions provider slumped as much as 4.1% on Monday, their largest intraday fall since April 9, while the broader benchmark index traded 0.7% lower.
The company said it would ...
>>> Read more: Australia's Reliance Worldwide warns of Americas sales pressure, tariffs' cost impact
