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INCREASE IN SALES AND CONTINUED ACQUISITION-DRIVEN GROWTH STRATEGY - THREE NEW ACQUISITIONS IN CANADA
(TSX: RCH) – "Our principal market segments continued to perform well during the second quarter, generating sales growth of 5.5% in Canada and 4.4% (US$) in the United States. Total sales increased by 3.9% to reach $532.1 million; on a constant-currency basis with 2025, this increase would have been 5.0%. In the manufacturers market, where sales totalled $473.7 million, the 3.8% increase was driven equally by internal growth and acquisitions. Sales to hardware retailers and renovation superstore
About this update from Richelieu Hardware Ltd
HIGHLIGHTS OF THE SECOND QUARTER ENDED MAY 31, 2026 FIRST-HALF Quarterly dividend of $0.1566 per share payable on August 7, 2026, to shareholders registered as of July 23, 2026. MONTREAL, July 9, 2026 /CNW/ - (TSX: RCH) – "Our principal market segments continued to perform well during the second quarter, generating sales growth of 5.5% in Canada and 4.4% (US$) in the United States. Total sales increased by 3.9% to reach $532.1 million; on a constant-currency basis with 2025, this increase would have been 5.0%. In the manufacturers market, where sales totalled $473.7 million, the 3.8% increase was driven equally by internal growth and acquisitions. Sales to hardware retailers and renovation superstores market increased by 4.2% to $58.4 million. We remained focused on our expansion strategy to seize new acquisition opportunities. On May 1, 2026, we acquired Fini U.V. International Inc. (Finium) in Quebec, followed by the acquisitions of Distributions Air-Cube Inc. (Solutions Acoustiques) in the Greater Montreal Area on June 26, 2026 and Winnec Inc. (Winnec) in the Greater Toronto Area on July 8, 2026. These three recent acquisitions represent $27 million in additional annual sales, while bringing valuable market expertise, new customers and future synergies through specialized products that complement our diversified offering. At Richelieu, we continue to differentiate ourselves by offering design and space planning professional products that reflect the latest market trends. The addition of Finium and Solutions Acoustiques strengthens our leadership in decorative and acoustic solutions—two fast-growing market segments—while further expanding our presence among architects and designers across North America. This strategy builds on the recognition we received earlier this year with our Best of KBIS award in the Decorative Hardware category and reflects our commitment to remaining a leader in innovation and product differentiation" said Mr. Richard Lord, President and Chief Executive Officer.
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