ASX:REH

Reece Delivered Small Beat on Fiscal 2026 Earnings Before Interest and Taxes, Partially Led by Australia, New Zealand, Jarden Says

Reece (ASX:REH) delivered fiscal 2026 results broadly in line with consensus estimates, while a small beat in earnings before interest and taxes was partially led by Australia and New Zealand despite a lower-than-expected store count, Jarden said in a Monday note.Gross profit margin across Australia and New Zealand seems supportive across the fiscal year, based on the deed of cross guarantee, the investment firm said.US segment results were also broadly in line with forecasts, although the store count of 292 was marginally lower than the consensus expectation of 294, and the company raised its US organic store guidance to between 15 and 20 units from a previous range of 10 to 12, Jarden said.It maintained an overweight rating on Reece with a target price of AU$16.30.The company's shares fell 1% in recent Monday trade.

Update: Reece Fiscal 2026 Adjusted EPS Down, Revenue Up; Shares Fall 4%

(Update to add stock movement in the headline and the fifth paragraph)Reece (ASX:REH) logged AU$0.46 in adjusted EPS for fiscal 2026, compared with AU$0.48 a year ago, a Monday filing showed.Analysts polled by FactSet expected about AU$0.46.For the 12 months ended June 30, sales revenue was AU$9.38 billion versus AU$8.98 billion previously, the Australia-listed supplier of heating, ventilation, air-conditioning, and refrigeration products added. Analysts surveyed by FactSet expected AU$9.28 billion.The company's board declared a final dividend of AU$0.134 per security, up from AU$0.1186 a year earlier, payable Oct. 21 to shareholders of record as of Oct. 7.Its shares fell 4% in recent trading on Monday.

Reece Fiscal 2026 Adjusted EPS Down, Revenue Up

Reece (ASX:REH) logged AU$0.46 in adjusted EPS for fiscal 2026, compared with AU$0.48 a year ago, a Monday filing showed.Analysts polled by FactSet expected about AU$0.46.For the 12 months ended June 30, sales revenue was AU$9.38 billion versus AU$8.98 billion previously, the Australia-listed supplier of heating, ventilation, air-conditioning, and refrigeration products added. Analysts surveyed by FactSet expected AU$9.28 billion.The company's board declared a final dividend of AU$0.134 per security, up from AU$0.1186 a year earlier, payable Oct. 21 to shareholders of record as of Oct. 7.

Reece Posts Fiscal 2026 Adjusted EPS of AU$0.46, Revenue of AU$9.38 Billion

Jarden Research Adjusts Reece's Price Target to AU$16.10 from AU$16.40, Keeps at Overweight

Reece (ASX:REH) has an average rating of hold and mean price target of AU$15.18, according to analysts polled by FactSet.

Reece's Hiring Acceleration Point to Volume Growth, Jarden Says

Reece's (ASX:REH) acceleration of hiring, especially in specific roles, pointed to volume growth, with total active Reece job advertisements rising 27.9% since Jan. 5, Jarden said in a Wednesday note.Jarden said it analyzed pricing, job advertisement, website traffic, and footfall data across over 500 Reece Australian stores. Average prices across the over 2,000 stock-keeping units are up 6.3% since January, yet there is no evidence of volume elasticity.Footfall growth across the network has accelerated, up 8.4% year-to-date. In aggregate, 834 articles saw price increases year-to-date.Reece saw footfall data from Victoria inflecting from a 6.6% footfall decline through 2025 to 12.4% growth year-to-date.The investment firm retained its overweight rating on Reece and cut the price target to AU$16.10 per share from AU$16.40 per share.

James Hardie Industries Well Positioned to Weather Headwinds Amid Challenging US Housing Outlook, Jefferies Says

James Hardie Industries (ASX:JHX) is best positioned amongst Australian building products stocks to weather headwinds amid a challenging US housing outlook, Jefferies said in a Wednesday note.The equity research firm pointed to the company's internal initiatives and conservative set-up for fiscal 2027 driving earnings growth in the mid-single-digit percentage range.It added that Reliance Worldwide's (ASX:RWC) outlook remains challenged as a result of cost headwinds related to copper and tariffs, while Reece's (ASX:REH) investment in its US physical footprint entails a near-term cost for shareholders with only minor improvement anticipated in the short term.A Reece store analysis indicates a slower ramp-up of earnings than assumed by consensus forecasts, Jefferies said.The equity research firm maintained a buy recommendation on both James Hardie and Reliance Worldwide, and a hold rating on Reece. It cut the price target on James Hardie to AU$42 from AU$46, lowered the price target to AU$15.90 from AU$16.50 for Reece, and trimmed the price target on Reliance Worldwide to AU$3.80 from AU$4.05.James Hardie Industries' shares fell almost 5% in recent Thursday trade, Reliance Worldwide's shares shed 3%, and Reece's shares tumbled 6%.