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Company News Summary

Reece Provides HY2022 Investor Presentation

24 Feb 2022  |  16:27:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: HY22 Investor Presentation

Reece announced Sales Revenue up 17% to $3.6bn and EBIT up 16% to $275m. NPAT was up 28% to $157m and EPS was up 28% to 24 cents. A dividend of 7.5 cps was declared. The Company reported in US sales revenue was up 24% to $1.9bn. The Company reduced its interest expense and had flexibility to draw down in A$ or US$. $1.25bn syndicated multi-currency revolving facilities and governed by a Common Term Deed. 2H FY2022 expected interest expense within the range of $10m-$12m.

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