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Richelieu Hardware ( (TSE:RCH) ) has provided an update.
Richelieu Hardware reported a sales increase of 5% in the fourth quarter of 2024, reaching $476.2 million, driven primarily by strong performance in the manufacturers’ market in Canada and the US. Despite pressures on EBITDA margins and a slowdown in the renovation market, the company maintained a solid financial position with a working capital of $612.9 million. Richelieu completed seven acquisitions, contributing an additional $100 million in annual sales, showcasing its strategic growth in North America. A 2.2% increase in the quarterly dividend reflects confidence in future prospects.
More about Richelieu Hardware
Richelieu Hardware operates in the hardware industry, focusing on manufacturing and distributing specialty hardware and related products. The company serves various markets, including manufacturers and retailer renovation superstores, with a strong presence in Canada and the United States.
YTD Price Performance: -3.69%
Average Trading Volume: 64,538
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$2.06B
For a thorough assessment of RCH stock, go to TipRanks’ Stock Analysis page.