Richelieu logs higher sales, earnings

Richelieu Hardware posted Q1 revenues of $384.5-million, an increase of 29.2 percent from the comparable period a year earlier. Canadian sales rose 19.3 percent to $230.5-million. Sales to hardware retailers and renovation superstores stood at $57.8-million, up $1.9-million or 3.4 percent from Q1 of 2021. Net earnings for the quarter rose 43.4 percent to $30.1-million, or $0.53 per diluted share.