Richelieu posts sales, earnings growth in Q3

MONTREAL — Richelieu Hardware reported that sales increased by 3.4% to $269.2 million in Q3. Net earnings grew by 1.1% and net earnings attributable to shareholders rose by 1.3% to $18.6 million. On a per-share basis, net earnings increased by 3.1% to $0.33, compared to $0.32 a year ago. In Canada, Richelieu recorded sales of $179.9 million, an increase of $1.2 million or 0.7% over Q3 of 2018, including 4.7% from acquisitions.