Richelieu Hardware Profit Climbs on North American Expansion

Robust demand across Canada and the United States pushed Richelieu Hardware to a 3.2% gain in second-quarter net earnings. The Montreal-based specialty firm reported profit attributable to shareholders reached 23.2 million Canadian dollars, or C$0.42 per share, fueled by a 3.9% uptick in total sales.

Today, 19:51· Money Talk· 298 reads

Revenue climbed to C$532.1 million during the quarter, supported by a balanced mix of 2.1% growth from recent acquisitions and 1.8% in internal performance. Regional results underscored this momentum, with Canadian sales rising 5.5% while U.S. operations saw a 4.4% increase. Earnings before interest, taxes, and amortization followed the upward trend, rising 1.7% to hit C$56.1 million.

To sustain this trajectory, the company recently integrated three new entities: Fini U.V. International in Quebec, Distributions Air-Cube in Montreal, and Winnec in Toronto. Management anticipates these additions will contribute C$27 million in annual sales, while expanding the company's specialty product portfolio and customer base.

Richelieu Hardware Profit Climbs on North American Expansion

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