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February 07, 2016 1:47 AM ET

Trading Companies and Distributors

Company Overview of Richelieu Hardware Ltd.

Company Overview

Richelieu Hardware Ltd. imports and distributes specialty hardware and complementary products in North America. The company offers decorative hardware, sliding door systems, furniture hardware, screws and fasteners, kitchen accessories, bathroom products, closet and kitchen storage solutions, lighting systems, vacuums, storage accessories, wine racks, panels and surfaces, finishing products and shop supplies, specialty hardware, and commercial and institutional building products. It also offers hinges, slides, and opening systems; doors, drawers, and wood components; tools, safety products, and workshop accessories; decorating products, functional hardware, ergonomic workstations, decorative...

7900, Henri-Bourassa Boulevard West

Montreal, QC H4S 1V4

Canada

Founded in 1968

Phone:

514-336-4144

Fax:

514-336-9431

Key Executives for Richelieu Hardware Ltd.

Chief Executive Officer, President and Director
Total Annual Compensation: $620.0K
Chief Financial Officer and Vice-President
Total Annual Compensation: $250.0K
Vice-President of Sales and Marketing – Industrial
Total Annual Compensation: $300.0K
General Manager of Western Canada & Western Us
Total Annual Compensation: $187.0K
Vice-President and General Manager of USA
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2014.

Richelieu Hardware Ltd. Key Developments

Richelieu Announces Unaudited Consolidated Earnings Results for the Full Year Ended November 30, 2015

Richelieu announced unaudited consolidated earnings results for the full year ended November 30, 2015. For the year, the company reported sales of $749,646,000 against $646,909,000 a year ago. Earnings before amortization, financial costs and income taxes were $87,681,000 against $77,417,000 a year ago. Earnings before income taxes were $79,381,000 against $70,588,000 a year ago. Net earnings attributable to shareholders of the corporation were $58,739,000 against $52,393,000 a year ago. Net earnings per share diluted attributable to shareholders of the company were $2.97 against $2.63 a year ago. Net cash from operating activities was $27,311,000 against $40,465,000 a year ago. Additions to property, plant and equipment and intangible assets were $10,986,000 against $5,536,000 a year ago. Return on average equity stood at 17.5% as at November 30, 2015. As at November 30, 2014, the book value per share stood at $18.56, up 17.5% over $15.80 as at November 30, 2014.

Richelieu Hardware Ltd. Declares First Quarter Dividend, Payable on February 18, 2016

Richelieu Hardware Ltd. announced that at its meeting on January 21, 2016, the Board of Directors declared and approved the payment of a first quarter dividend of $0.16 per share to shareholders of record as at February 4, 2016, payable on February 18, 2016. The declared dividend is designated as an eligible dividend within the meaning of the Income Tax Act (Canada).

Panasonic Canada Inc. and Richelieu Hardware Announces an Exclusive Partnership

Panasonic Canada Inc. and Richelieu Hardware announced an exclusive partnership to bring Panasonic engineered, manufactured, and branded Storage and Organization solutions to the North American market through close to 70,000 cabinet makers, designers and builders. Richelieu, the leading importer and distributor of specialty hardware for cabinet manufacturers, kitchen dealers and woodworkers has developed a North American market expertise in the Smart Living concept, the art of optimizing living spaces.

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