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Richelieu Hardware Ltd. (T:RCH)

Business Focus: Construction Supplies & Fixtures (NEC)

Sector:  Consumer Cyclicals Industry:  Construction Supplies & Fixtures
 
Company Contact
Address: 7900 Henri-Bourassa Boulevard West
SAINT-LAURENT QC H4S 1V4
Tel: N/A
Website: https://www.richelieu.com
IR: See website
Key People
Richard Lord
President, Chief Executive Officer, Director
Eric Daignault
General Manager - Divisions
Antoine Auclair
Chief Financial Officer, Vice President
Craig Ratchford
Vice President, General Manager - United States
Guy Grenier
Vice President - Sales and Marketing, Industrial
Larry Lucyshyn
Vice President - Sales to US Retailers
Marjolaine Plante
Vice President - Human Resources
Alain Charron
Vice President - Supply Chain and Logistics
Denis Gagnon
Vice President - Information Technologies
Jeff J. Crews
Vice President - Business Development, Retailers Market, Canada
   
Business Overview
Richelieu Hardware Ltd is an importer, manufacturer and distributor of specialty hardware and complementary products. The Company's products are targeted to an extensive customer base of kitchen and bathroom cabinet, storage and closet, home furnishing and office furniture manufacturers, residential and commercial woodworkers, door and window, and hardware retailers including renovation superstores. It offers customers a mix of high-end products sourced from manufacturers worldwide. Its product selection consists of over 130,000 different items targeted to a base of more than 110,000 customers who are served by 115 centers in North America -50 distribution centers in Canada, 62 in the United States and three manufacturing plants in Canada, specifically, Les Industries Cedan Inc., Menuiserie des Pins Ltee and USIMM/UNIGRAV, which manufacture a variety of veneer sheets and edge banding products, a broad selection of decorative moldings and components for the window and door industry.
Financial Overview
For the fiscal year ended 30 November 2023, Richelieu Hardware Ltd revenues decreased 1% to C$1.79B. Net income decreased 34% to C$111.5M. Revenues reflect Canada segment decrease of 2% to C$1.05B. Net income also reflects Depreciation increase of 32% to C$50.1M (expense), Finance cost, net - Balancing value increase of 93% to C$6.4M (expense). Dividend per share increased from C$0.52 to C$0.58.
Employees: 3,000 as of Nov 30, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $2,632M as of Nov 30, 2023
Annual revenue (TTM): $1,788M as of Nov 30, 2023
EBITDA (TTM): $230.40M as of Nov 30, 2023
Net annual income (TTM): $111.47M as of Nov 30, 2023
Free cash flow (TTM): $195.04M as of Nov 30, 2023
Net Debt Last Fiscal Year: $162.96M as of Nov 30, 2023
Shares outstanding: 56,121,390 as of Feb 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization