Reece Ltd
REH: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.Lt | LOCK|bn | LOCK|@L |
Reece: Lower Volumes Weigh on Group Earnings; Outlook Looks More Bleak for Tougher US Market
Reece has provided a trading update for fiscal 2025. EBIT guidance of between AUD 548 million and AUD 558 million reflects weak residential sales conditions in its main markets of Australia and the US. Shares fell 19% on the news.
