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Reece Limited ( (AU:REH) ) has provided an announcement.
Reece Limited reported a 1Q FY26 sales revenue increase of 8% to A$2,407 million, driven by network expansion, despite a decline in EBITDA and EBIT due to elevated costs and depreciation. The company added 15 new branches and completed a share buyback, indicating a strategic focus on long-term growth amid subdued housing markets and cost pressures.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.30 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
More about Reece Limited
Reece Group is a leading distributor of plumbing, waterworks, and HVAC-R products, serving commercial and residential customers through over 900 branches across Australia, New Zealand, and the United States. Established in 1920 and listed on the Australian Securities Exchange, the company employs approximately 9,000 people.
Average Trading Volume: 1,952,699
Technical Sentiment Signal: Sell
Current Market Cap: A$6.56B
For detailed information about REH stock, go to TipRanks’ Stock Analysis page.