Reece (ASX:REH) reported Monday fiscal half-year diluted earnings of AU$0.28 per share, down from AU$0.346 per share a year earlier.

Analysts surveyed by Visible Alpha expected AU$0.292 per diluted share.

Revenue for the six months ended Dec. 31, 2024, was AU$4.4 billion, down from AU$4.54 billion a year earlier. Analysts polled by Visible Alpha expected AU$4.41 billion.

The board declared a dividend of AU$0.065 per share, down from the AU$0.08 in the previously reported period, payable on April 2 to shareholders of record as of March 19.