Reece Limited (ASX:REH)
Australia · Delayed Price · Currency is AUD | Market Cap | 10.58B +12.6% |
| Revenue (ttm) | 9.22B +2.8% |
| Net Income | 280.28M -25.5% |
| EPS | 0.44 -24.6% |
| Shares Out | 615.09M |
| PE Ratio | 39.13 |
| Forward PE | 34.63 |
| Dividend | 0.18 (1.06%) |
| Ex-Dividend Date | Mar 17, 2026 |
| Volume | 268,610 |
| Open | 17.20 |
| Previous Close | 17.24 |
| Day's Range | 17.09 - 17.32 |
| 52-Week Range | 10.14 - 17.63 |
| Beta | 1.06 |
| Analysts | Hold |
| Price Target | 15.22 (-11.51%) |
| Earnings Date | Aug 24, 2026 |
About Reece
Reece Limited engages in the distribution of plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, New Zealand, and the United States. The company also offers irrigation and pools, and fire products. Its products include tapware and accessories; vanities and mirrors; showers; toilets; basins; baths and spas; pipe and fittings; sinks and troughs; hot water systems; bathroom and kitchen appliances; heating and cooling; irrigation and pools; pumps and water fi... [Read more]
Financial Performance
In fiscal year 2025, Reece's revenue was 8.98 billion, a decrease of -1.39% compared to the previous year's 9.10 billion. Earnings were 316.94 million, a decrease of -24.39%.
Financial StatementsAnalyst Summary
According to 14 analysts, the average rating for REH stock is "Hold." The 12-month stock price target is $15.22, which is a decrease of -11.51% from the latest price.
News
Reece downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Niraj Shah downgraded Reece (REECF) to Sell from Neutral with a price target of A$11.90, down from A$13.75. The firm says the stock’s valuation premium is unjustified…
Reece Earnings Call Transcript: H1 2026
Sales rose 6% to AUD 4.6B, but earnings declined due to cost inflation and ongoing investment. ANZ shows early signs of housing recovery, while US demand remains weak. FY26 EBIT is guided at AUD 520–540M, with continued focus on digital innovation and network expansion.
Reece Slides: H1 2026
Reece has posted slides in relation to its H1 2026 quarterly earnings report, which was published on February 22, 2026.
Reece Earnings release: H1 2026
Reece released its H1 2026 earnings on February 22, 2026, summarizing the period's financial results.
Reece Quarterly report: H1 2026
Reece has published its H1 2026 quarterly earnings report on February 22, 2026.
Reece upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley upgraded Reece (REECF) to Overweight from Equal Weight with a price target of A$16, up from A$12, citing the U.S. branch roll-out opportunity, U.S. housing cycle tailwinds and…
Reece initiated with a Hold at Jefferies
Jefferies initiated coverage of Reece (REECF) with a Hold rating and A$15.90 price target Reece faces multiple near term challenges, including a difficult U.S. housing market and a mature Australia…
Reece Transcript: AGM 2025
The meeting reviewed a challenging year with lower sales and profit, ongoing US market headwinds, and a second strike on the remuneration report. Strategic focus remains on long-term growth, network expansion, and board renewal, with all board-supported elections passing and no board spill.
Reece Slides: FY 2025
Reece has posted slides in relation to its FY 2025 quarterly earnings report, which was published on November 20, 2025.
Reece Earnings Call Transcript: H2 2025
FY25 saw a 1% drop in group sales to $9B, with EBITDA down 11% and EBIT down 20% amid tough market conditions. Both ANZ and U.S. segments faced margin pressure, competitive challenges, and weak housing markets, with no near-term recovery expected.
Reece Annual report: H2 2025
Reece has published its H2 2025 annual report on August 24, 2025.
Reece Slides: H2 2025
Reece has posted slides in relation to its H2 2025 quarterly earnings report, which was published on August 24, 2025.
Reece Earnings release: H2 2025
Reece released its H2 2025 earnings on August 24, 2025, summarizing the period's financial results.
Reece upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs upgraded Reece (REECF) to Neutral from Sell with a A$14.30 price target The company’s headwinds are now largely priced into the shares, the analyst tells investors in a…
Reece Earnings Call Transcript: H1 2025
Group sales fell 3% to AUD 4.4 billion, with EBIT down 17% and net profit after tax down 19% amid persistent macro headwinds and housing market softness. Continued investment in network expansion and digital innovation, but margin compression and competitive pressures remain, especially in the US.
Reece Slides: H1 2025
Reece has posted slides in relation to its H1 2025 quarterly earnings report, which was published on February 23, 2025.
Reece Quarterly report: H1 2025
Reece has published its H1 2025 quarterly earnings report on February 23, 2025.
Reece Earnings release: H1 2025
Reece released its H1 2025 earnings on February 23, 2025, summarizing the period's financial results.
Reece Transcript: AGM 2024
The AGM highlighted steady financial growth despite market headwinds, board succession with new appointments, and ongoing investment in network expansion and digital innovation. Shareholders approved all resolutions, including director elections and employee share plans.
Reece Slides: FY 2024
Reece has posted slides in relation to its FY 2024 quarterly earnings report, which was published on October 23, 2024.
Reece Earnings Call Transcript: H2 2024
Group sales grew 3% to AUD 9.1 billion, with flat ANZ sales and 3% U.S. growth in USD. Adjusted EBIT and NPAT rose 2% and 3% respectively, while operating cash flow and balance sheet strength improved. Near-term trading remains challenging, but long-term fundamentals are positive.
Reece Annual report: H2 2024
Reece has published its H2 2024 annual report on August 18, 2024.
Reece Slides: H2 2024
Reece has posted slides in relation to its H2 2024 quarterly earnings report, which was published on August 18, 2024.
Reece Earnings release: H2 2024
Reece released its H2 2024 earnings on August 18, 2024, summarizing the period's financial results.
Reece initiated with a Sell at Goldman Sachs
Goldman Sachs initiated coverage of Reece with a Sell rating and A$23.35 price target. The analyst views the business as mature with little room for outsized earnings growth. Published first…