Earnings release
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RWC Reliance Worldwide Corporation Limited Level 26 140 William Street Melbourne Victoria 3000 Australia Tel : +61 ( 0 ) 3 83521400 ASX ANNOUNCEMENT 27 April 2021 TRADING UPDATE FOR QUARTER ENDED 31 MARCH 2021 Reliance Worldwide Corporation Limited ( ASX : RWC ) ( " RWC " or " the Company " ) has today provided a trading update for the three months ended 31 March 2021 . Consolidated net sales for the quarter were $ 359.4 million , 14 % higher than for the prior corresponding period ( " pcp " ) . Reported net sales were negatively impacted by the strength of the Australian dollar relative to other currencies , particularly the US Dollar . On a constant currency basis , net sales were up 27 % . A summary of the regional growth rates in constant currency is shown in the following table : Third Quarter FY21 Net Sales % change over pcp ( constant currency ) ¹ Region : % Change : Americas + 39 % APAC + 11 % EMEA + 13 % Commentary on regional sales trends Strong sales growth was recorded in all regions , reflecting buoyant demand for plumbing products , driven by increased spending on residential repairs and remodelling in particular . A significant weather freeze event in the US in February also boosted demand for plumbing supplies in the quarter . We estimate that the impact of the freeze event accounted for over half of the sales increase in the Americas for the quarter . Sales in APAC were driven by continued strength in the residential new construction market in Australia and growth in remodelling activity . Export sales to the Americas were up strongly . EMEA has continued to record a strong rebound in sales due to the growth in UK plumbing and heating arising from increased repair and remodel activity , as well as increased exports of FluidTech products to the Americas and APAC regions . Sales to date in April are substantially ahead of the same period last year , with pcp sales having been adversely impacted by COVID - 19 . 1 Prior to elimination of inter - segment sales ABN 46 610 855 877 rwc.com