Reece Limited (REECF) This fall 2026 Earnings Call Transcript

Operator

Good day, and thank you for standing by. Welcome to Reece Group Full Year 2026 Results Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I’d now like to hand the conference over to your first speaker today, Mr. Peter Wilson, Chairman and Chief Executive Officer of Reece Group. Please go ahead.

Peter Wilson
Chairman & CEO

Well, good morning, everyone, and thank you for joining us for our FY ’26 results call. Joining me today are Sasha Nikolic and Andy Young. And I’m going to start with an overview of the year and then a recap of our strategy; Sasha will then share how the business is tracking; Andy will then take you through the financials before I cover the outlook and we open to questions. Before we begin, please note all figures are in Australian dollars, unless otherwise stated.

Turning to an overview of FY ’26. We delivered sales revenue of $9.4 billion, which was up 4.5% on the prior year. EBITDA was flat at $901 million, and EBIT was down 2.6% to $534 million. In ANZ, sales was up 8%, driven by higher volumes with a 2% inflation contribution. In the U.S., sales were up 6.5%, driven by network expansion and also