Richelieu Hardware has shown strong sales growth, successful acquisitions, and a solid financial position, particularly in the U.S. market. However, challenges in net earnings, EBITDA margin, and the Canadian market, especially in Ontario, where sales have declined, present concerns. The lowlights, such as the decline in net earnings and challenges in the Canadian market, are significant and balance out the positive aspects, resulting in a mixed sentiment.

Company Guidance -

Q3 2025

During the Richelieu Hardware Second Quarter Results Conference Call, the company reported a 6.4% increase in total sales for the second quarter of fiscal year 2025, with sales reaching $512.2 million. This growth was equally driven by internal growth and acquisitions. In the U.S., sales saw an 11.7% increase, primarily due to a 6.6% internal growth that incorporated minimal upward price adjustments due to new tariffs. Canadian sales remained stable at $276 million, despite challenges in Ontario's market. The company completed six acquisitions in the first half, contributing additional sales of $53 million, and expanded its Detroit facility by over 50,000 square feet. Second quarter EBITDA was up 2.7% to $55.2 million, although the EBITDA margin decreased slightly to 10.8% from 11.2% last year. Net earnings attributable to shareholders were $22.5 million, down 3.9% due to higher amortization expenses. Cash flow from operating activities before changes in noncash working capital was $46.8 million, reflecting a strategic focus on maintaining a robust financial position with a current ratio of 2.9:1 and minimal debt.

Sales Growth

Total sales increased by 6.4% in the second quarter and 7.4% for the first half of the fiscal year, with U.S. sales growing by 11.7% in the second quarter.

Successful Acquisitions

Richelieu completed six acquisitions in the first six months, contributing an additional $53 million in sales. Notable acquisitions include Rhoads & O'Hara Architectural Products and Les industries Camcoat.

Investment in Facilities

The company invested in its network by adding over 50,000 square feet to its Detroit facility to expand product lines and capture growth opportunities.

Strong Financial Position

Richelieu maintains a robust financial position with a working capital of $614.2 million, a current ratio of 2.9:1, and almost no debt.

U.S. Market Performance

In U.S. dollars, sales to manufacturers rose by 9.9%, and total sales in the U.S. increased by 14.9% in Canadian dollars, accounting for 46.2% of total quarterly sales.

Richelieu Hardware (RHUHF) Earnings, Revenues Date & History

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RHUHF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 02, 2025	2025 (Q3)	0.30 / -	0.299	―	―	―
Jul 10, 2025	2025 (Q2)	0.31 / 0.30	0.307	-2.38% (>-0.01)	―	―
Apr 10, 2025	2025 (Q1)	0.24 / 0.18	0.197	-7.41% (-0.01)	―	―
Jan 16, 2025	2024 (Q4)	0.29 / 0.32	0.373	-13.73% (-0.05)	―	―
Oct 10, 2024	2024 (Q3)	0.32 / 0.30	0.387	-22.64% (-0.09)	―	―
Jul 11, 2024	2024 (Q2)	0.31 / 0.31	0.402	-23.64% (-0.09)	―	―
Apr 11, 2024	2024 (Q1)	0.22 / 0.20	0.292	-32.50% (-0.09)	―	―
Jan 18, 2024	2023 (Q4)	0.39 / 0.37	0.584	-36.25% (-0.21)	―	―
Oct 05, 2023	2023 (Q3)	0.39 / 0.39	0.599	-35.37% (-0.21)	―	―
Jul 06, 2023	2023 (Q2)	0.40 / 0.40	0.606	-33.73% (-0.20)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RHUHF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 10, 2025	$26.90	$27.13	+0.83%
Apr 10, 2025	$25.40	$23.90	-5.91%
Jan 16, 2025	$25.93	$27.02	+4.18%
Oct 10, 2024	$28.61	$27.90	-2.51%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.