Richelieu reports Q1 results

Richelieu Hardware said last week its Q1 sales rose by one percent to $407 million, thanks to growth from acquisitions. In the hardware, retailers, and renovation superstores market, sales of $57.3 million were down by $1.6 million compared a year earlier. Canada sales remained stable at $232 million. Net earnings of $15.2 million represented a decline of 35.7 percent.