Richelieu Hardware Ltd. imports, distributes, and manufactures specialty hardware and related products in Canada and the United States. The company’s principal product categories include furniture, glass and building decorative and functional hardware, lighting systems, finishing and decorating products, ergonomic workstation components, kitchen and closet storage solutions, sliding door systems, decorative and functional panels, high-pressure laminates, and floor protection products. It also manufactures veneer sheets and edgebanding products, as well as various decorative moldings and components for the window and door industry. The company serves kitchen and bathroom cabinet, storage and ...
7900 Henri-Bourassa Boulevard West
Montreal, QC H4S 1V4
Founded in 1968
Richelieu Hardware Ltd. Approves Payment of Quarterly Dividend, Payable on February 16, 2017
Jan 19 17
On January 19, 2017, the Board of Directors of Richelieu Hardware Ltd. approved the payment of a quarterly dividend of 5.67 cents per share to shareholders of record as at February 2, 2017, payable on February 16, 2017.
Richelieu Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended November 30, 2016
Jan 19 17
Richelieu reported consolidated earnings results for the fourth quarter and year ended November 30, 2016. For the quarter, the company’s sales amounted to $218.0 million, compared with $200.1 million for the corresponding quarter of 2015, an increase of $17.9 million or 9.0%, of which 6.5% from internal growth and 2.5% from acquisitions. At comparable exchange rates to the fourth quarter of 2015, the consolidated sales growth would have been 8.8% for the quarter ended November 30, 2016. EBITDA amounted to $28.7 million, up by $3.0 million or 11.6% over the fourth quarter of 2015. Net earnings grew by 9.4%. Considering non-controlling interests, net earnings attributable to shareholders of the corporation amounted to $19.2 million, up by 9.6% over the fourth quarter of 2015. Net earnings per share rose to $0.33 basic and diluted, compared with $0.30 basic and diluted for the fourth quarter of 2015, an increase of 10.0%. Cash flows from operating activities (before net change in non-cash working capital balances) amounted to $21.6 million or $0.37 per share, compared with $19.7 million or $0.33 per share for the fourth quarter of 2015, an increase of 10.0% stemming primarily from the net earnings growth.
For the year, the company reported sales of $844,473,000 compared to $749,646,000 a year ago. Earnings before income taxes were $84,790,000 compared to $79,381,000 a year ago. Net earnings attributable to shareholders of the corporation were $62,814,000 or 1.07 per diluted share compared to $58,739,000 or 0.99 per diluted share a year ago. Additions to property, plant and equipment and intangible assets were $10,455,000 compared to $10,986,000 a year ago. Cash flows from operating activities (before net change in non-cash working capital balances) reached $73.3 million or $1.25 diluted per share, compared with $68.1 million or $1.15 diluted per share for 2015, an increase of 7.7% stemming primarily from the net earnings growth.
Richelieu Hardware Ltd. to Report Q4, 2016 Results on Jan 19, 2017
Jan 10 17
Richelieu Hardware Ltd. announced that they will report Q4, 2016 results on Jan 19, 2017