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Richelieu Hardware Ltd
TSX:RCH

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Richelieu Hardware Ltd
TSX:RCH
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Price: 37.84 CAD 0.85% Market Closed
Market Cap: 2.1B CAD

Richelieu Hardware Ltd
Investor Relations

Richelieu Hardware Ltd., a prominent name in the North American hardware industry, embarked on its journey in 1968. Built on a foundation of innovation and strategic expansion, the company carved out a niche for itself by supplying a diverse array of specialty hardware and home-improvement products. Their offerings span decorative and functional hardware, kitchen and bathroom accessories, and lighting systems, among others. Richelieu adeptly positioned itself as an essential partner for the woodworking industry, serving a broad clientele that includes cabinetmakers, furniture manufacturers, and designers. The ingenuity in their approach lies in not only providing high-quality, unique products but also integrating cutting-edge solutions like online sales platforms that streamline the buying process for professionals and retail customers alike.

The heart of Richelieu's business model pulses with a dual strategy: an impressive product catalog and an expansive distribution network. By constantly realigning its extensive product range with emerging design trends and technological advancements, the company ensures its offerings remain relevant and in demand. Distribution centers strategically peppered across North America guarantee fast, efficient delivery, solidifying Richelieu's reputation for reliability and customer satisfaction. Moreover, through astute acquisitions, Richelieu continues to broaden its market presence and product ecosystem, integrating complementary businesses that enhance its portfolio. This multifaceted approach not only sustains a steady revenue stream but also fortifies its position as a leader in the specialty hardware marketplace, crafting not just products, but enduring relationships with their diverse customer base.

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RCH
S&P TSX Composite Index (Canada)

Earnings Calls

2024 Q3
Oct 10, 2024
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Richelieu Hardware Reports Moderate Sales Growth Amidst Margin Pressures
2024 Q3
Oct 10, 2024

In Q3, Richelieu Hardware achieved $407 million in sales, reflecting a modest increase of 1.9% driven primarily by acquisitions. Notably, U.S. sales rose 4.8% to $148 million, while Canadian sales declined by 2%. The EBITDA fell to $53 million, down 13.2% year-over-year, pushing margins to 11.3%. Net earnings dropped 23.9% to $22.7 million, resulting in a diluted EPS of $0.41. Looking forward, the company is targeting an average of $100 million in revenue from acquisitions annually and expects market recovery to enhance margins in 2025. Immediate challenges persist, but management remains optimistic about future growth prospects in a constrained housing market.

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Management

Mr. Richard Lord FCMA, FCPA
CEO, President & Executive Director
No Bio Available
Mr. Antoine Auclair C.A.
VP & CFO
No Bio Available
Mr. Georges C. Forest
Founder
No Bio Available
Mr. Yannick Godeau
Head of Legal Affairs & Corporate Secretary
No Bio Available
Ms. Marjolaine Plante
Vice President of Human Resources
No Bio Available
Guy Grenier
VP of Sales and Marketing ? Industrial
No Bio Available
Denis Gagnon
VP of Information Technologies
No Bio Available
Craig Ratchford
VP of General Manager, U.S.
No Bio Available

Contacts

Address
QUEBEC
MONTREAL
7900, boul. Henri-Bourassa ouest
Contacts
+15143364144.0
www.richelieu.com