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An update from Reece Limited ( (AU:REH) ) is now available.
Reece Limited has announced its financial results for the half-year ending December 31, 2024, reflecting a challenging trading environment with a 3% decline in sales revenue to $4,402 million and a 17% decrease in EBIT to $305 million. Despite these challenges, the company continues to invest in its business by expanding its branch network and refreshing its leadership team, aiming to protect and grow the business in the long term.
More about Reece Limited
Reece Group is a leading distributor of plumbing, waterworks, and HVAC-R products, serving both commercial and residential customers through over 900 branches in Australia, New Zealand, and the United States. The company, established in 1920 and listed on the Australian Securities Exchange, employs approximately 9,000 people.
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.01B
See more data about REH stock on TipRanks’ Stock Analysis page.