Richelieu Hardware Ltd. (RCH) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to ReShutter Hardware First Quarter Results Conference Call. At this time, note that all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session, which will be restricted to analysts only. If at any time during this call you require immediate assistance, please press star zero for the operator. Also note that this call is being recorded on April 9, 2026. Bonjour, Mesdames et Messieurs, et bienvenue au résultat du premier trimestre 2026 de quinquennat Richelieu. Présentement, vos lignes sont en mode d'écoute seulement. Suite à la présentation, nous allons procéder à une période de questions et réponses qui sera restreinte aux analystes seulement. Si vous avez besoin d'assistance au cours de l'appel, veuillez appuyer sur étoile et zéro. Veuillez aussi prendre note que cet appel est enregistré le 9 avril 2026. I will now give the floor to Mr. Richard Lahr, President and Director-General. The floor is yours. Thank you. Good afternoon, ladies and gentlemen, and welcome to Richard Lahr's conference call for the first quarter ended February 28, 2026. With me is Antoine Auclair, CFO and CEO. As usual, note that some of today's remarks include forward-looking information, which is provided with a usual disclaimer, as reported in our financial trainings. During the quarter, we maintained our growth momentum with good results. After a strong year of acquisition in 2025, we completed our first acquisition of 2026 in December, adding three distribution centers of mechanical Americans in Oregon and Washington State. As previously announced, additionally, we signed two letters of intent for new acquisition in Canada. quarterly sales increased by 5% to $463.6 million. Excluding the i...