Core Viewpoint - Reece Ltd's stock experienced its largest decline in nearly fifty years due to a drop in annual profits and warnings about the ongoing weakness in the U.S. housing market [1] Group 1: Company Performance - Reece Ltd reported a 24% decrease in annual net profit, amounting to 316.9 million AUD (approximately 205 million USD), which fell short of analysts' expectations [1] - The company's stock price plummeted by up to 22%, marking the largest drop since June 1978 [1] - Approximately 57% of Reece's revenue is derived from the U.S. market, highlighting its exposure to U.S. economic conditions [1] Group 2: Industry Context - Reece's cautious outlook aligns with warnings from other companies involved in the U.S. real estate market, such as James Hardie Industries, which also faced significant stock declines due to weak housing demand [3] - James Hardie Industries Plc, a pipe products company, indicated poor sales prospects, further reflecting the challenges within the construction materials sector [3]
创50多年最大跌幅！美国疲软楼市“血洗”涉美澳洲建材股 管道巨头Reece加入暴跌行列
Zhi Tong Cai Jing·2025-08-25 05:44