Reece (ASX: REH) — Company Overview, News & Financial Data
Reece is an Australian supplier of plumbing and HVAC products, serving trade and retail markets with over 600 branches in Australia and New Zealand.
Reece
Reece is a distributor of plumbing, bathroom, heating, ventilation, air conditioning, waterworks, and pool supplies across Australia, New Zealand, and the United States. Operating through an extensive network of specialized retail branches and distribution centers, the company serves trade professionals, commercial contractors, and retail customers. Its product portfolio spans pipes, fittings, tapware, sanitaryware, hot water systems, and climate control equipment. In addition to its primary market in Australasia, the company has expanded its branch operations into the United States sunbelt region. It provides trade supply chain logistics, product sourcing, and customer consultations across the residential and commercial building sectors.
Snapshot
Operations
Products and/or services of Reece
- Plumbing and Trade Supplies: Wholesaling and distribution of essential plumbing infrastructure, including copper, PVC, and poly pipes, valves, brass fittings, drainage channels, and trade tools for residential and commercial plumbing contractors.
- Bathroom and Sanitaryware Retailing: Retailing and distribution of bathroom fixtures, including basins, vanities, toilets, bidets, tapware, showers, bathtubs, and accessories to retail consumers, builders, and interior designers through dedicated showrooms.
- Hot Water Systems Supply: Distribution of residential and commercial hot water solutions, including electric storage units, continuous flow gas systems, solar water heaters, heat pump technology, and replacement spare parts.
- Heating, Ventilation, and Air Conditioning: Provision of climate control equipment, including split system air conditioners, gas ducted heating units, evaporative coolers, hydronic heating components, flexible ducting, and ventilation fittings for climate contractors.
- Waterworks and Civil Infrastructure: Distribution of large-scale water management solutions, including civil water pipe networks, backflow prevention devices, irrigation controllers, pumps, water storage tanks, and municipal water supply hardware and fittings.
- Pool, Spa, and Garden Irrigation: Wholesale supply of specialized pool maintenance equipment, including pumps, filters, chlorinators, heaters, and outdoor lighting, along with agricultural and residential landscape irrigation systems, valves, and digital controls.
Reece executive team
- Peter J. WilsonChairman & CEO
- Sasa NikolicMD, Group President & Executive Director
- Andrew YoungGroup Chief Financial Officer
- Claude A. Swanson Hornsby IIIExecutive Chair of United States
- Chantelle DuffyCompany Secretary
Latest news about Reece
Reece sales rise to $2.51B in Q1 FY27
AustraliaReece reports $9.38B in FY26 sales revenue
AustraliaThe margin squeeze quietly driving private buyout offers across plumbing stocks
AustraliaCement giants hike prices as building costs surge
AustraliaReece overhauls executive pay to target long-term growth
AustraliaReece H1 profit slides despite 6% revenue growth
Australia
Recent announcements
What Reece (REH) has told the market, newest first.
- Notification of cessation of securities - REH
Dividend history
Dividends per share paid by Reece, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2027(to date) | A$0.1340 | — | — | A$0.1340 |
| FY2026 | A$0.1186 | — | — | A$0.1730 |
| FY2025 | A$0.1775 | A$0.0650 | — | A$0.2425 |
| FY2024 | A$0.1700 | A$0.0800 | — | A$0.2500 |
| FY2023 | A$0.1500 | A$0.0800 | — | A$0.2300 |
Key financials
Reported results for Reece, in AUD.
- Market cap
- 11.2B
- Revenue (TTM)
- 9.4B
- P/E ratio
- 37.0
- EPS (diluted, TTM)
- 0.5
- Dividend yield
- 1.0%
- Profit margin
- 3.3%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 9.4B | 527.8M | 308.2M | |
| 9B | 192.9M | 316.9M | |
| 9.1B | 674.4M | 419.2M | |
| 8.8B | 663.8M | 387.6M |