Business
Revenue growth, profit margin pressures, and a $365m buyback
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The Reece Ltd (ASX: REH) share price is in focus after the company released a trading update. The plumbing and HVAC distributor reported 8% revenue growth to $2.41 billion for 1Q FY26, while EBITDA fell 8% to $222 million.
What did Reece report?
- Group sales revenue…
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