
Reece Ltd
ASX:REH

Income Statement
Earnings Waterfall
Reece Ltd
Revenue
|
9B
AUD
|
Cost of Revenue
|
-6.4B
AUD
|
Gross Profit
|
2.6B
AUD
|
Operating Expenses
|
-2B
AUD
|
Operating Income
|
618.8m
AUD
|
Other Expenses
|
-242.4m
AUD
|
Net Income
|
376.4m
AUD
|
Income Statement
Reece Ltd
Jun-2004 | Dec-2004 | Jun-2005 | Dec-2005 | Jun-2006 | Dec-2006 | Jun-2007 | Dec-2007 | Dec-2008 | Jun-2009 | Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
874
N/A
|
950
+9%
|
1 011
+6%
|
1 058
+5%
|
1 116
+5%
|
1 215
+9%
|
1 310
+8%
|
1 379
+5%
|
768
-44%
|
1 509
+96%
|
1 511
+0%
|
1 508
0%
|
1 538
+2%
|
1 570
+2%
|
1 559
-1%
|
1 526
-2%
|
1 517
-1%
|
1 536
+1%
|
1 596
+4%
|
1 775
+11%
|
1 985
+12%
|
2 085
+5%
|
2 176
+4%
|
2 276
+5%
|
2 346
+3%
|
2 429
+4%
|
2 551
+5%
|
2 691
+5%
|
4 075
+51%
|
5 465
+34%
|
5 709
+4%
|
6 012
+5%
|
6 128
+2%
|
6 273
+2%
|
6 814
+9%
|
7 657
+12%
|
8 485
+11%
|
8 840
+4%
|
8 968
+1%
|
9 105
+2%
|
8 974
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(637)
|
(692)
|
(736)
|
(769)
|
(794)
|
(861)
|
(927)
|
(952)
|
(531)
|
(1 050)
|
(1 050)
|
(1 034)
|
(1 053)
|
(1 074)
|
(1 065)
|
(1 036)
|
(1 031)
|
(1 042)
|
(1 087)
|
(1 210)
|
(1 348)
|
(1 397)
|
(1 453)
|
(1 517)
|
(1 564)
|
(1 619)
|
(1 697)
|
(1 799)
|
(2 845)
|
(3 926)
|
(4 114)
|
(4 339)
|
(4 422)
|
(4 509)
|
(4 891)
|
(5 515)
|
(6 103)
|
(6 333)
|
(6 375)
|
(6 499)
|
(6 389)
|
|
Gross Profit |
237
N/A
|
257
+8%
|
276
+7%
|
289
+5%
|
321
+11%
|
355
+10%
|
383
+8%
|
427
+11%
|
237
-45%
|
459
+94%
|
461
+1%
|
474
+3%
|
485
+2%
|
496
+2%
|
494
0%
|
490
-1%
|
486
-1%
|
494
+2%
|
509
+3%
|
566
+11%
|
637
+13%
|
688
+8%
|
723
+5%
|
759
+5%
|
782
+3%
|
810
+4%
|
854
+5%
|
891
+4%
|
1 230
+38%
|
1 539
+25%
|
1 595
+4%
|
1 674
+5%
|
1 706
+2%
|
1 764
+3%
|
1 923
+9%
|
2 142
+11%
|
2 382
+11%
|
2 507
+5%
|
2 593
+3%
|
2 606
+1%
|
2 586
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(148)
|
(157)
|
(167)
|
(176)
|
(197)
|
(218)
|
(233)
|
(266)
|
(164)
|
(312)
|
(305)
|
(311)
|
(317)
|
(323)
|
(324)
|
(327)
|
(331)
|
(335)
|
(342)
|
(381)
|
(426)
|
(452)
|
(467)
|
(475)
|
(500)
|
(503)
|
(533)
|
(567)
|
(862)
|
(1 160)
|
(1 202)
|
(1 261)
|
(1 263)
|
(1 279)
|
(1 392)
|
(1 572)
|
(1 733)
|
(1 828)
|
(1 897)
|
(1 931)
|
(1 967)
|
|
Selling, General & Administrative |
(148)
|
(119)
|
(86)
|
(91)
|
(101)
|
(109)
|
(119)
|
(138)
|
(86)
|
(164)
|
(152)
|
(154)
|
(160)
|
(162)
|
(164)
|
(167)
|
(166)
|
(166)
|
(172)
|
(194)
|
(219)
|
(237)
|
(243)
|
(245)
|
(257)
|
(266)
|
(282)
|
(300)
|
(453)
|
(636)
|
(682)
|
(699)
|
(703)
|
(736)
|
(801)
|
(871)
|
(1 354)
|
(1 845)
|
(1 467)
|
(1 041)
|
(1 051)
|
|
Depreciation & Amortization |
0
|
(5)
|
(11)
|
(12)
|
(13)
|
(15)
|
(16)
|
(18)
|
(12)
|
(25)
|
(27)
|
(28)
|
(29)
|
(30)
|
(31)
|
(33)
|
(35)
|
(37)
|
(40)
|
(42)
|
(43)
|
(44)
|
(46)
|
(47)
|
(47)
|
(50)
|
(51)
|
(54)
|
(91)
|
(128)
|
(173)
|
(232)
|
(239)
|
(228)
|
(237)
|
(258)
|
0
|
0
|
(159)
|
(325)
|
(337)
|
|
Other Operating Expenses |
0
|
(32)
|
(71)
|
(73)
|
(83)
|
(94)
|
(98)
|
(111)
|
(65)
|
(124)
|
(126)
|
(128)
|
(129)
|
(131)
|
(129)
|
(126)
|
(130)
|
(131)
|
(130)
|
(145)
|
(164)
|
(170)
|
(178)
|
(183)
|
(196)
|
(186)
|
(200)
|
(214)
|
(318)
|
(396)
|
(347)
|
(330)
|
(321)
|
(316)
|
(354)
|
(443)
|
(378)
|
17
|
(271)
|
(565)
|
(579)
|
|
Operating Income |
89
N/A
|
100
+13%
|
109
+8%
|
114
+5%
|
125
+10%
|
136
+9%
|
151
+11%
|
161
+7%
|
73
-54%
|
146
+100%
|
156
+6%
|
164
+5%
|
168
+3%
|
174
+3%
|
170
-2%
|
163
-4%
|
155
-5%
|
159
+3%
|
167
+5%
|
185
+11%
|
212
+14%
|
236
+11%
|
256
+9%
|
284
+11%
|
282
-1%
|
307
+9%
|
321
+4%
|
324
+1%
|
369
+14%
|
379
+3%
|
393
+4%
|
413
+5%
|
444
+8%
|
485
+9%
|
531
+10%
|
570
+7%
|
650
+14%
|
679
+4%
|
696
+3%
|
675
-3%
|
619
-8%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
(0)
|
8
|
8
|
(11)
|
(6)
|
2
|
(6)
|
(7)
|
(9)
|
(5)
|
(6)
|
(5)
|
(43)
|
(59)
|
(73)
|
(98)
|
(110)
|
(112)
|
(97)
|
(69)
|
(55)
|
(86)
|
(95)
|
(92)
|
(92)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
0
|
(29)
|
(23)
|
(0)
|
(2)
|
(2)
|
8
|
(0)
|
8
|
(21)
|
(24)
|
(0)
|
7
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
5
|
4
|
4
|
2
|
1
|
2
|
1
|
16
|
1
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
89
N/A
|
100
+13%
|
109
+8%
|
114
+5%
|
125
+9%
|
136
+9%
|
149
+10%
|
159
+7%
|
68
-57%
|
140
+105%
|
154
+9%
|
162
+5%
|
166
+3%
|
171
+3%
|
169
-1%
|
163
-3%
|
159
-2%
|
172
+8%
|
178
+4%
|
179
+0%
|
208
+16%
|
238
+15%
|
252
+6%
|
280
+11%
|
289
+3%
|
303
+5%
|
317
+5%
|
319
+1%
|
296
-7%
|
297
+0%
|
320
+8%
|
313
-2%
|
332
+6%
|
380
+15%
|
434
+14%
|
509
+17%
|
574
+13%
|
568
-1%
|
601
+6%
|
590
-2%
|
527
-11%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(28)
|
(31)
|
(33)
|
(35)
|
(38)
|
(42)
|
(46)
|
(48)
|
(23)
|
(44)
|
(45)
|
(48)
|
(49)
|
(52)
|
(52)
|
(50)
|
(49)
|
(53)
|
(55)
|
(56)
|
(64)
|
(73)
|
(77)
|
(88)
|
(90)
|
(91)
|
(95)
|
(95)
|
(101)
|
(95)
|
(89)
|
(84)
|
(85)
|
(95)
|
(114)
|
(117)
|
(153)
|
(180)
|
(176)
|
(170)
|
(151)
|
|
Income from Continuing Operations |
62
|
70
|
76
|
79
|
87
|
94
|
104
|
111
|
46
|
97
|
109
|
114
|
116
|
119
|
117
|
113
|
110
|
119
|
124
|
123
|
144
|
166
|
175
|
192
|
198
|
212
|
221
|
225
|
196
|
202
|
230
|
229
|
247
|
286
|
320
|
392
|
421
|
388
|
425
|
419
|
376
|
|
Net Income (Common) |
62
N/A
|
70
+13%
|
76
+9%
|
79
+5%
|
87
+9%
|
94
+8%
|
104
+10%
|
111
+7%
|
46
-59%
|
97
+112%
|
109
+12%
|
114
+5%
|
116
+2%
|
119
+2%
|
117
-2%
|
113
-3%
|
110
-3%
|
119
+8%
|
124
+4%
|
123
-1%
|
144
+17%
|
166
+15%
|
175
+6%
|
192
+10%
|
198
+3%
|
212
+7%
|
221
+5%
|
225
+1%
|
196
-13%
|
202
+3%
|
230
+14%
|
229
-1%
|
247
+8%
|
286
+16%
|
320
+12%
|
392
+23%
|
421
+7%
|
388
-8%
|
425
+10%
|
419
-1%
|
376
-10%
|
|
EPS (Diluted) |
0.12
N/A
|
0.14
+17%
|
0.15
+7%
|
0.16
+7%
|
0.18
+13%
|
0.19
+6%
|
0.2
+5%
|
0.22
+10%
|
0.09
-59%
|
0.19
+111%
|
0.21
+11%
|
0.22
+5%
|
0.23
+5%
|
0.24
+4%
|
0.23
-4%
|
0.22
-4%
|
0.22
N/A
|
0.24
+9%
|
0.25
+4%
|
0.25
N/A
|
0.29
+16%
|
0.33
+14%
|
0.35
+6%
|
0.38
+9%
|
0.39
+3%
|
0.42
+8%
|
0.44
+5%
|
0.44
N/A
|
0.34
-23%
|
0.36
+6%
|
0.41
+14%
|
0.4
-2%
|
0.38
-5%
|
0.44
+16%
|
0.5
+14%
|
0.61
+22%
|
0.65
+7%
|
0.6
-8%
|
0.66
+10%
|
0.65
-2%
|
0.58
-11%
|