Richelieu earnings skyrocket in Q4

Richelieu Hardware reported Q4 sales of $398.2 million, compared with $319 million from a year prior, an increase of $79.2 million or 24.8 percent. In Canada, sales amounted to $260.1 million, an increase of $45.1 million, or 21 percent, compared to Q4 of 2020. Sales to hardware retailers and renovation superstores reached $45.1 million, up by $4.1 million or 10 percent. Net earnings were $0.79 per share, a 64.6 percent surge from 2020.