Reece Limited

Reece Limited

17.16
AUD
+0.11
(+0.65%)
0.50EPS
34.79P/E
10.60BMarket Cap
Mar 03Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
Revenue per Share
3.5
4.11
4.49
4.79
5.31
9.68
10.47
9.71
11.85
13.69
14.12
13.94
15.07
Basic EPS, GAAP
0.24
0.33
0.38
0.42
0.44
0.36
0.4
0.44
0.61
0.6
0.65
0.49
0.5
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.12
0.13
0.16
0.18
0.2
0.2
0.2
0.12
0.19
0.23
0.25
0.24
0.18
Book Value per Share
1.63
1.83
2.05
2.28
3.33
3.53
4.26
4.47
5.14
5.61
6.3
6.26
6.09
Tangible Book Value per Share
1.21
1.41
1.66
1.88
2.93
0.39
1.21
1.71
2.19
2.48
0.8
3.14
3.06
Basic Weighted Avg Shares
507
507
507
507
507
564
574
646
646
646
645
644
622
Sales/Revenue/Turnover
1,776
2,085
2,276
2,429
2,689
5,464
6,010
6,271
7,654
8,840
9,105
8,978
9,378
Operating Margin (%)
10.44
11.3
12.47
12.65
11.97
6.9
6.81
7.68
3.77
4.2
3.82
2.15
1.71
Depreciation Expense
42
44
47
50
54
128
232
228
258
290
325
352
367
Net Income, GAAP
123
166
192
212
225
202
229
286
392
388
419
317
308
Effective Tax Rate (%)
31.08
30.53
31.33
30.11
29.68
31.96
26.72
24.9
22.95
31.74
28.9
29.66
26
Profit Margin (%)
6.93
7.94
8.44
8.72
8.35
3.7
3.81
4.55
5.13
4.38
4.6
3.53
3.29
Working Capital
313
382
438
495
1,053
1,168
1,828
1,753
1,663
1,798
3,115
1,758
1,768
LT Debt
175
155
125
100
- -
1,593
2,381
1,893
1,784
1,830
1,696
1,822
2,080
Total Equity
827
926
1,041
1,158
1,881
1,992
2,750
2,888
3,321
3,625
4,072
4,045
3,748
Return on Invested Capital (%)
13.96
15.08
16.19
17.31
14.3
9.34
6.78
7.11
4.46
4.36
4.3
2.28
1.97
Return on Capital (%)
13.94
16.12
17.27
17.67
14.54
9.44
6.67
7.05
8.48
7.86
8.43
6.03
5.95
Return on Common Equity (%)
15.45
18.89
19.54
19.26
14.78
10.44
9.66
10.13
12.64
11.16
10.89
7.81
7.91

Capital Structure

AUD

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

AUD

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

AUD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.11%
5.69%
-7.34%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
6.14%
3.43%
-2.77%
Sales/Revenue/Turnover
17.86%
8.72%
4.46%
Total Cash Common Dividend
- -
11.28%
-29.73%

Semi-annual Revenue

AUD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
9,105
2025
- -
- -
8,978
2026
- -
- -
9,378

Semi-annual Earnings Per Share

AUD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.65
2025
- -
- -
0.49
2026
- -
- -
0.5

Semi-annual Dividends Per Share

AUD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.25
2025
- -
- -
0.24
2026
- -
- -
0.18

Company Description

CEO
Peter John Wilson
Full Time Employees
9,000
Sector
Distribution services
Industry
Wholesale distributors
Address
57 Balmain Street Cremorne VIC Australia 3121
IPO Date
Jan 1, 1974
Business
Reece Limited is an Australian-based distributor specializing in plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration (HVAC-R) products. The company operates through a comprehensive network of over 800 branches across Australia, New Zealand, and the United States, catering to commercial, residential, and industrial customers. Its product portfolio includes a wide range of plumbing supplies, bathroom fixtures, heating and cooling equipment, waterworks infrastructure, refrigeration systems, irrigation and pool products, valves, pipe and fittings, water heaters, kitchen and laundry fixtures, decorative lighting, and hardware. Reece also provides trade services and technology solutions such as digital business management apps to enhance customer operations. Founded in 1920 and headquartered in Cremorne, Victoria, Reece Limited is publicly listed on the Australian Securities Exchange (ASX: REH). The company serves a diverse customer base including plumbing professionals, builders, contractors, and maintenance service providers, with significant operations in Australia, New Zealand, and the United States. In recent developments, Reece has expanded its product and service offerings through strategic acquisitions, including the 2022 acquisitions of International Quadratics (IQ) and Dontek, which strengthened its position in the pool and irrigation market segments, enhancing its suite of pool technology, pool builder, and maintenance products. In 2024, the company further diversified by acquiring Melbourne-based venture studio Shadowboxer and web design agency Southpaw to accelerate digital innovation in the trade and construction industries. These moves align with Reece’s strategy to digitize customer experiences and provide integrated digital tools for trade professionals via its subsidiary reecetech, including the maX digital business management app. Reece Limited operates primarily in the building materials and construction supply industry segments, targeting trade customers in plumbing, HVAC-R, and waterworks sectors. The company continues to invest in enhancing its service delivery and technology platforms to maintain market leadership and customer engagement across its key geographies of Australia, New Zealand, and the United States. As of 2025, the company employs approximately 9,000 staff and reported revenues nearing AUD 9 billion, underscoring its scale and scope within the building supply market.

Company News

  • Reece Limited (REECF) Q4 2026 Earnings Call Transcript

  • Reece Limited (REECF) Shareholder/Analyst Call Transcript