Reece Limited (ASX:REH)
Australia · Delayed Price · Currency is AUD | Market Cap | 8.30B -18.7% |
| Revenue (ttm) | 9.22B +2.8% |
| Net Income | 280.28M -25.5% |
| EPS | 0.44 -24.6% |
| Shares Out | 615.09M |
| PE Ratio | 30.69 |
| Forward PE | 27.04 |
| Dividend | 0.18 (1.36%) |
| Ex-Dividend Date | Mar 17, 2026 |
| Volume | 1,006,215 |
| Average Volume | 611,747 |
| Open | 13.48 |
| Previous Close | 13.49 |
| Day's Range | 13.46 - 13.85 |
| 52-Week Range | 10.14 - 17.59 |
| Beta | 1.10 |
| RSI | 49.54 |
| Earnings Date | Feb 22, 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 StatementsNews
Boral doubles fuel surcharge, building products soar by up to 35pc
The Iran war has pushed firms to charge more for concrete and plumbing supplies, with a Reece Group rival lifting toilet seat prices by up to 35 per cent.
Reece Earnings Call Transcript: H1 2026
Sales rose 6% to AUD 4.6 billion, but earnings declined due to cost inflation and ongoing investment. ANZ showed early signs of housing recovery, while US demand remained weak. FY26 EBIT is guided at AUD 520–540 million.
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 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 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 competitive pressures. Investment in network expansion and digital capabilities continued, while margin compression and product deflation remain key risks.
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 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.