Richelieu sales, earnings slide in Q2

Richelieu Hardware reported Q2 sales of $472.1 million, down $15.8 million or 3.2 percent from $487.9 million a year ago. Net earnings of $31.2 million were down 33.9 percent from the prior year. Net earnings attributable to shareholders amounted to $30.7 million, a 34.7 decline from the previous Q2. On a per-share basis, net earnings were $0.55 basic and diluted, respectively down 34.5 percent from $0.84 and 33.7 percent from $0.83.