Reece sales rise to $2.51B in Q1 FY27
Key points
- Reece delivered $2.51 billion in first-quarter sales revenue, representing a 4.3% increase compared to the prior corresponding period.
- Australia and New Zealand sales grew 12.8%, while US sales rose 5.6%.
- Management expressed caution regarding the second half of FY27 due to ongoing complexity in the macroeconomic environment.
Reece (ASX:REH) delivered first-quarter sales revenue of $2.51 billion, up 4.3% from the same period last year.
The growth was driven by a 12.8% surge in Australia and New Zealand sales, alongside a 5.6% rise in US sales.
“We have seen a strong Q1 in ANZ, as the existing pipeline of activity supported ongoing momentum in the region,” said Reece Chairman & CEO Peter Wilson.
In the US market, like-for-like sales increased by 2.4%, supported by network expansion and low single-digit inflation.
The company stated that it expects a strong first half in ANZ while remaining cautious on the second half of FY27.
Following the announcement, the Reece share price was up 10.28% at $17.36.
The group operates plumbing, bathroom, and HVAC supply networks across Australia, New Zealand, and the United States.
