Rexel S.A. Powered To Win, But There Could Be Some Near-Term Static [Seeking Alpha]
REXEL SA UNSP/ADR (RXEEY)
NASDAQ:AMEX Investor Relations:
rexel.com/en/finance/investors
Company Research
Source: Seeking Alpha
Concerns about the non-residential and residential construction markets in 2024 pose challenges for Rexel, as does a more challenging price/cost environment. Electrification, including EVs and automation, offer attractive multiyear growth tailwinds, and management is actively seeking to upgrade its higher-value service and product offerings. Weaker margins are a threat to sentiment in the near term, but the valuation and longer-term story make this a name to seriously consider on pullbacks. Industrials have enjoyed a nice a rebound since late October lows, with investors more confident about a “soft landing” scenario for the United States and limited additional downside risk in Europe. Rexel S.A. OTCPK:RXEEY OTCPK:RXLSF ) (RXL.PA) has done even better, outperforming the S&P 500 and broader industrial space since my last update , helped not only by its leverage to the still-popular “electrify everything” theme, but also its company-specific leverage to ongoing drivers like growi
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News
- Rexel Annual Shareholders' Meeting [Yahoo! Finance]Yahoo! Finance
- First-Quarter 2024 Sales [Yahoo! Finance]Yahoo! Finance
- DISTRIBUTION OF A DIVIDEND OF 1.20 EURO PER SHARE [Yahoo! Finance]Yahoo! Finance
- Board Nominations to be Proposed to the Shareholders' Meeting [Yahoo! Finance]Yahoo! Finance
- DISTRIBUTION OF A DIVIDEND OF 1.20 EURO PER SHAREGlobeNewswire