Reece FY26 slides: ANZ strength offsets US margin pressure
Reece Group (ASX:REH) revealed mixed financial results in its FY26 report on August 23, 2026. While revenue grew 4.5% to $9.4 billion AUD, profitability was pressured by aggressive US expansion and weaker residential construction markets. The company added 27 new branches, returned $401 million to shareholders, and maintained a disciplined capital allocation approach.
Despite challenges in the US, the ANZ business showed momentum, with a 8.3% year-over-year revenue increase to $4.2 billion. Management highlighted its commitment to long-term growth and operational excellence through its Blueprint strategic framework.
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