Reece Limited (REECF) Q4 2026 Earnings Call Transcript

SA Transcripts 161.98K Followers Follow Reece Limited ( REECF ) Q4 2026 Earnings Call August 23, 2026 7:00 PM EDT Company Participants Peter Wilson - Chairman & CEO Sasha Nikolic - MD, Group President & Executive Director Andrew Young - Chief Financial Officer Conference Call Participants Peter Steyn - Macquarie Research Keith Chau - MST Financial Services Pty Limited, Research Division Lee Power - JPMorgan Chase & Co, Research Division Niraj-Samip Shah - Goldman Sachs Group, Inc., Research Division Brook Campbell-Crawford - Barrenjoey Markets Pty Limited, Research Division Harry Saunders - E&P, Research Division Daniel Sykes - Jarden Limited, Research Division Ramoun Lazar - Jefferies LLC, Research Division Samuel Seow - Citigroup Inc., Research Division Joseph Michael - Morgan Stanley, Research Division Presentation 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