2 Industrial Stocks That Investors Pay Heed To – TCL and RWC

Transurban Group

Transurban Group (ASX:TCL) is a Docklands, Australia-based company engaged in the development, operation, maintenance and financing of toll road network projects across the Greater Washington Area,  Queensland, Victoria and  New South Wales. It also offers relationship management of the associated customers and clients. In addition, the company also conducts research and development of innovative tolling and transport technology so as to provide faster and reliable travel solutions.

The company has a market cap of AUD 33.6 billion. On March 15th, the TCL stock price closed at AUD 12.650, up AUD 0.090 by 0.72% with ~9.31 million shares traded. Besides, the TCL stock has generated a positive YTD return of 8.74% so far.

Recently on March 1st, 2019, Transurban Infrastructure Management Limited, a subsidiary of the Transurban Group, announced the appointed of PricewaterhouseCoopers as the new compliance plan auditor. As per the latest investor presentation, the company has a pipeline of nine projects due to be completed in the next five years, contributing to ongoing distribution growth.

The statutory results released for the half-year ended December 31st, 2018 (1H FY2019), reported the total toll revenue of $ 1.298 billion, up on $ 1.131 billion in the prior corresponding period (1H FY2018), including $ 52 million contribution by existing assets driven by traffic growth across the Australian and North American networks; and $ 115 million from A25 acquired on June 5, 2018 along with consolidation of M5 West from September 2018 onward. Besides, the EBIDTA was recorded at $ 971 million, also depicting a 14.2% rise on $ 850 million in 1H FY2018, with an EBITDA margin of 75.6%. However, the net profit reduced to $ 145 million, down 56.1 % on $ 331 million in 1H FY2018. Going forward, Transurban aims to be the partner of choice for governments with its ever-evolving impressive service offerings.

Reliance Worldwide Corporation Limited 

Reliance Worldwide Corporation Limited (ASX: RWC), is headquartered in Atlanta, Georgia. The company, along with its subsidiaries, provides design, manufacturing and supply of water flow and control systems, as well as plumbing solutions for industrial, commercial and domestic use. It has widespread operations in countries across the world including Korea, China, the United States, Canada, the United Kingdom, Australia, New Zealand, Spain, France, the Czech Republic and others.

The company has a market cap of AUD 3.63 billion with ~ 790.09 million outstanding shares. At the end of trading on March 15th, 2019, the RWC stock price closed at AUD 4.600, up 0.218% by AUD 0.010. Regardless, the RWC stock has generated a positive YTD return of 3.38% so far.

As for the company’s consolidated results for the six months to December 31st, 2018, RWC reported continued revenue and earnings performance underpinned by strong double-digit growth of 50.1% in net sales to $ 544.2 million over the prior comparative period (pcp). John Guest Holdings Limited, acquired in June 2018, also exhibited a decent performance with sales recorded at $ 154.8 million, up 13.3% on the pcp, exceeding expectation. The company’s integration is still ongoing to deliver the first-year plan and synergy targets.

Besides, the EBITDA was posted at $ 120.7 million, up 52.3% on pcp with a net profit after tax of $65.7 million, up 58.4% on pcp. The company also recorded earnings per share of 8.4 cents, increasing by 5% on pcp.


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