Richelieu Hardware posts Q2 results

Richelieu Hardware reported Q2 sales of $481.4 million, up two percent and including $276.3 million in Canada and US$150.5M million in the United States. Net earnings totalled $23.4 million, or $0.42 per diluted share, a decline of 23.6 percent from a year earlier. During the quarter, Richelieu closed the acquisition of the main net assets of Allegheny Plywood, a distributor specializing in panels and decorative surfaces.