MONTREAL — Richelieu Hardware’s sales increased 6.8% to $281.2 million in the second quarter. For the first six months of the year, sales were up 4.6% to $507.4 million. Diluted earnings per share rose by 9.7% to $0.34 in the quarter, which saw the company’s fourth acquisition of the fiscal year: Euro Architectural Components, a distributor operating two warehouses in Toronto and Montreal. In Canada, Richelieu recorded sales of $183 million, an increase of $2.3 million or 1.3% over the second quarter of 2018 entirely from acquisition growth. Q2 net earnings grew 6.3%. Considering non-controlling interests, net earnings attributable to shareholders amounted to $19.3 million, up 6.1% over the second quarter of 2018.
Richelieu posts solid sales, earnings in Q2
Most Recent
Most Read
TIMBER MART hosts buying show in Toronto
Fri, February 14th, 2025
JRTech adds “Well Made Here” designation to its electronic shelf tags
Fri, February 14th, 2025
Join Hardlines at DX3 Canada in Toronto
Fri, February 14th, 2025
Canadian Tire reports Q4 earnings jump
Thu, February 13th, 2025
TIMBER MART show kicks off today
Thu, February 13th, 2025
West Fraser shrinks its losses in 2024
Thu, February 13th, 2025
Ace Hardware enjoys record quarterly results
Thu, February 13th, 2025
Castle unveils estimating and design program
Thu, February 13th, 2025
Throwback Thursday: 25 years ago, RONA purchased Cashway
Thu, February 13th, 2025
Fake websites take advantage of Peavey closures
Wed, February 12th, 2025