Australia's Reliance Worldwide warns of Americas sales pressure, tariffs' cost impact
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. The firm's downbeat guidance joins a growing list of big-cap companies which are either scrapping or cutting their 2025 guidance, offering fresh evidence that U.S. President Donald Trump's unpredictable trade moves were making it increasingly difficult for businesses to plan beyond the short term. Reliance Worldwide said nearly half of its cost of goods sold in the Americas region comes from outside the U.S. —including raw materials, components, and finished products —making it potentially vulnerable to tariffs.