Richelieu Hardware Third-Quarter Earnings Jump 23% YoY, Beat Forecast
MT newswire2026/10/07 21:2105:21 PM EDT, 10/07/2026 (MT Newswires) -- Richelieu Hardware (RCH.TO) said Wednesday after trade that its third-quarter net earnings jumped 23.3% to CA$0.53 per share, from CA$0.43 per share in the prior year period. The result beat the consensus analyst estimate of CA$0.47 per share, according to FactSet. Richelieu recorded a tariff refund of CA$3 million during the third quarter, which contributed to a CA$0.04 increase in earnings. The specialty hardware distributor said sales increased 12.6% to CA$562 million, beating the CA$534.1 million expected. Richelieu said the increase was due to 10% internal growth and 2.6% from acquisitions. Richelieu will pay a regular quarterly dividend of CA$0.1566 per share on Nov. 5 to shareholders of record as at Oct. 22. The company's shares closed down CA$0.69 at CA$34.68 on the Toronto Stock Exchange.
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