Reece Limited’s Solid Year and Leadership Transition

Reece Limited (AU:REH) has released an update.

Reece Limited reported a successful fiscal year 2024, with a 3% increase in sales revenue to $9.1 billion and an adjusted NPAT rise of 3% to $416 million. The Board declared a fully franked dividend of 25.75 cents per share, reflecting their strong financial performance. The company also announced key leadership changes, with Peter Wilson transitioning to Chairman and CEO, signaling a strategic focus on long-term growth and leadership diversity.

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