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Reece H1 2026 Margin Compression Tests Bullish Premium P/E Narrative
Reece (ASX:REH) has released its H1 2026 numbers, posting A$4.6b in revenue and basic EPS of A$0.23, with trailing 12 month EPS at A$0.44 as the market focuses on how earnings are tracking into the new financial year. The company has seen revenue move from A$4.4b in H1 2025 to A$4.6b in H1 2026, while basic EPS shifted from A$0.28 to A$0.23 over the same halves. This sets up a results season where the key question is how much earnings power Reece can convert into sustainable margins from...