MONTREAL — Richelieu Hardware reported Q3 sales of $311.2 million, a 15.6 percent increase from the year prior. Sales to hardware retailers and big boxes stood at $64.7 million, up 82.8 percent over Q3 of 2019, amid the surge in demand in the wake of the COVID-19 outbreak. In Canada, Richelieu recorded sales of $203 million, up $23.1 million or 12.8 percent from a year ago, of which 8.2 percent was from internal growth and 4.6 percent from acquisitions.
Net earnings for the quarter attributable to shareholders amounted to $28.7 million, an increase of 56.6%. Net earnings of $0.51 basic ($0.50 diluted) were up 59.4 percent compared to $0.32 basic and diluted for Q3 of 2019.
