Richelieu Hardware Ltd. manufactures, distributes, and imports specialty hardware and complementary products in North America. The company offers builders hardware; building specialties; cabinet doors, drawers, and tambour systems; central vacuum cleaners; chairs and barstools; closet solutions; commercial display hardware; corbels, moldings, and wood components; decorative and cabinet hardware; edgebanding, finishing products, abrasives, and shop supplies; furniture equipment; glass hardware; glues, silicones, caulking, and insulating foam; healthcare solutions hinges, opening systems, and slides; kitchen accessories; legs and casters; lighting; bath accessories and decorative hooks; office...
7900, Henri-Bourassa Boulevard West
Montreal, QC H4S 1V4
Founded in 1968
Richelieu Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Jan 22 15
Richelieu announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported sales of $177.8 million, an increase of $22.5 million or 14.5% over the corresponding quarter of 2013, of which 10.4% from internal growth and 4.1% from acquisitions. Earnings before interest, income taxes and amortization (EBITDA) grew by 16.1% to $23.5 million, primarily reflecting the sales growth. Fourth-quarter net earnings rose 19.3%. Considering non-controlling interests, net earnings attributable to shareholders of the corporation grew to $15.9 million, up by 20.0% over the corresponding quarter of 2013. Consequently, operating activities provided cash flows was $13.1 million, compared with $19.5 million for the fourth quarter of 2013. Investing activities represented a cash outflow of $6.5 million for the fourth quarter, of which $4.2 million for the acquisition of XM and Thruway and $2.3 million for equipment needed for operations, whereas the company had invested $5.4 million in an acquisition as well as property, plant and equipment during the same quarter of 2013. Net earnings per share rose to $0.82 basic and $0.80 diluted, up from $0.65 basic and $0.64 diluted for the fourth quarter of 2013, an increase of 26.2% and 25.0% respectively.
For the year, the company reported sales of $646,909,000 against $586,775,000 a year ago. Earnings before amortization, financial costs and income taxes were $77,417,000 against $70,373,000 a year ago. Earnings before income taxes were $70,588,000 against $63,559,000 a year ago. Net earnings attributable to shareholders of the corporation were $52,393,000 against $46,403,000 a year ago. Net earnings per share diluted attributable to shareholders of the company were $2.63 against $2.22 a year ago. Net cash from operating activities was $40,465,000 against $48,365,000 a year ago. Additions to property, plant and equipment and intangible assets were $5,536,000 against $3,451,000 a year ago. Return on average equity stood at 17.5% as at November 30, 2014, compared with 16.2% a year earlier. As at November 30, 2014, the book value per share was $15.80, compared with $14.41 as at November 30, 2013.
Richelieu Declares Dividend for the Fourth Quarter Ended November 30, 2014, Payable on February 19, 2015
Jan 22 15
Richelieu announced increase of 7.1% in the quarterly dividend which was raised from $0.14 to $0.15, a dividend of $0.15 per share has been declared and will be payable on February 19, 2015 to shareholders of record as at February 5, 2015.
Richelieu Hardware Ltd. to Report Q4, 2014 Results on Jan 22, 2015
Jan 14 15
Richelieu Hardware Ltd. announced that they will report Q4, 2014 results on Jan 22, 2015