Richelieu Hardware Q1 Earnings Call Highlights

Richelieu Hardware (TSE:RCH) reported higher first-quarter income and net portion navigating overseas speech headwinds and a softer show successful its Canadian hardware retail channel, according to executives connected the company’s net telephone for the 4th ended Feb. 28, 2026.

President and CEO Richard Lord said the institution “maintained our maturation momentum with bully results” and highlighted continued acquisition enactment pursuing what helium described arsenic “a beardown twelvemonth of acquisitions successful 2025.” Lord noted the institution completed its archetypal acquisition of 2026 successful December, adding 3 McKillican American organisation centers successful Oregon and Washington, and that Richelieu signed 2 letters of intent for imaginable acquisitions successful Canada.

→ 3 Surprising S&P 500 Outperformers of 2026

Quarterly income accrued 5% to CAD 463.6 million, with maturation comprised of 2% interior growth and a 3% publication from acquisitions, absorption said. Lord added that excluding the interaction of the Canadian dollar’s appreciation against the U.S. dollar, income maturation would person been 7%.

Sales to manufacturers roseate 6% to CAD 408.2 million, supported by show successful some Canada and the U.S., portion acquisitions accounted for 3% of full income growth, according to Lord.

→ Microsoft’s Copilot Problem Isn’t What You Think

Richelieu’s hardware retailers and renovation superstores transmission declined 1.9% twelvemonth implicit twelvemonth to CAD 55.4 million. Lord attributed the driblet to a slowdown successful Canada, wherever income successful that transmission fell 6%, portion U.S. income successful the conception roseate 21% successful U.S. dollars.

On a geographic basis, the institution reported:

• Canada sales: CAD 249.8 million, up 3.4%. Sales to manufacturers were CAD 206.3 million, portion hardware retailers and renovation superstores income were CAD 43.5 million, down 6%.

• U.S. sales: $155.6 million successful U.S. dollars, up 11.3%, reflecting 6.4% interior maturation and 4.9% from acquisitions. In Canadian dollars, U.S. income were CAD 214 million, up 6.8%, representing 46% of full sales.

→ With Nike Shares Near a 12-Year Low, Is Now the Time to Be Brave?

First-quarter EBITDA roseate 1.9% to CAD 43.2 million. Management said results were affected by a CAD 1.6 cardinal antagonistic overseas speech impact from currency fluctuations. EBITDA borderline was 9.3%, down from 9.6% a twelvemonth earlier.

Lord said EBITDA accrued 1.9% but “would person been up 5.6% if we exclude the FX impact,” adding that the EBITDA borderline was “slightly higher than past year” connected that basis.