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Reece Limited (ASX:REH)

ALERT: Price-sensitive ASX Announcement for REH
Current share price for REH : $16.715 0.175 (1.06%)+
Announcement
Release
24 Aug 2026 7:56AM
Price at Release
$16.540
Full Release
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Summary
Reece Limited's FY26 results highlight a 4.5% increase in sales revenue to AUD 9.4 billion, driven by a solid recovery in ANZ volumes, though the US market faced challenges due to weak residential construction. Earnings per share rose by 0.7% to 49.5 cents, while EBITDA remained stable at AUD 901 million. The company's strategy emphasizes operational excellence, innovation, and profitable growth, with a focus on enhancing customer experiences in ANZ and expanding its network in the US. Reece is committed to being the trade's most valuable partner by improving ease of business across all platforms. Capital management priorities include business investment, maintaining balance sheet strength, and shareholder returns. The company also noted improved liquidity and a reduction in net leverage ratio, positioning it well for long-term growth.
Key Points
  • FY26 sales revenue was AUD 9.4 billion, a 4.5% increase from the previous corresponding period.
  • The company experienced solid volume recovery in Australia and New Zealand (ANZ), but softer performance in the US due to weak residential construction.
  • Earnings per share (EPS) increased by 0.7% to 49.5 cents, while EBITDA remained flat at AUD 901 million.
  • Reece Limited's strategic priorities focus on operational excellence, breakthrough innovation, and investing for profitable growth.
  • The company's long-term vision is to be the trade's most valuable partner by being easy to do business with across all branches and digital interfaces.
  • Efforts to enhance customer experience in ANZ included investment in next-generation showrooms and digital innovations.
  • In the US, Reece expanded its branch network, emphasizing growth in the sunbelt region and improving customer experience.
  • Capital management priorities included investing in the business, maintaining a strong balance sheet, and returning value to shareholders through dividends and share buybacks.
  • The company's balance sheet showed a net leverage ratio decrease, with improved liquidity and a focus on long-term growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.