Richelieu reports Q4, annual growth

Richelieu Hardware Ltd. posted Q4 of $319 million, up 20.4 percent from the previous fourth quarter. Net earnings rose by 41.2 percent to $0.48 per share. In Canada, Richelieu recorded sales of $215 million, an increase of $35.9 million. For the fiscal year 2020, sales reached $1,128 million, up 8.3 percent over 2019. Net earnings rose 28.2 percent to $85.2 million. In Canada, sales of $730 million were up 6.4 percent from $686 million in fiscal 2019.