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Asia

Reliance Worldwide Reaffirms Full-Year Trading Outlook; Shares Up 5%

Reliance Worldwide (ASX:RWC) reaffirmed its trading outlook for the year ended June 30, first disclosed last February, according to a Tuesday filing with the Australian bourse.Net cost impact of tariffs on fiscal year operating earnings is estimated to be in the range of $25 million to $30 million, while capital expenditure is expected to be between $25 million and $30 million, an earlier filing showed.The company anticipates that the war in Iran will not "materially" affect its operating earnings for the full fiscal year, although an extended conflict could influence the outlook for the fiscal year 2027, the filing said.Shares rose 5% in morning trade on Tuesday.

ASX:RWC
Asia

James Hardie Industries Well Positioned to Weather Headwinds Amid Challenging US Housing Outlook, Jefferies Says

James Hardie Industries (ASX:JHX) is best positioned amongst Australian building products stocks to weather headwinds amid a challenging US housing outlook, Jefferies said in a Wednesday note.The equity research firm pointed to the company's internal initiatives and conservative set-up for fiscal 2027 driving earnings growth in the mid-single-digit percentage range.It added that Reliance Worldwide's (ASX:RWC) outlook remains challenged as a result of cost headwinds related to copper and tariffs, while Reece's (ASX:REH) investment in its US physical footprint entails a near-term cost for shareholders with only minor improvement anticipated in the short term.A Reece store analysis indicates a slower ramp-up of earnings than assumed by consensus forecasts, Jefferies said.The equity research firm maintained a buy recommendation on both James Hardie and Reliance Worldwide, and a hold rating on Reece. It cut the price target on James Hardie to AU$42 from AU$46, lowered the price target to AU$15.90 from AU$16.50 for Reece, and trimmed the price target on Reliance Worldwide to AU$3.80 from AU$4.05.James Hardie Industries' shares fell almost 5% in recent Thursday trade, Reliance Worldwide's shares shed 3%, and Reece's shares tumbled 6%.

ASX:JHXASX:REHASX:RWC