Richelieu Hardware Ltd (OTCPK:RHUHF)
$ 26.6475 0 (0%) Market Cap: 1.51 Bil Enterprise Value: 1.65 Bil PE Ratio: 22.60 PB Ratio: 2.30 GF Score: 89/100
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Q2 2019 Richelieu Hardware Ltd Earnings Call Transcript

Jul 04, 2019 / 06:30PM GMT
Operator

Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware Second Quarter 2019 Results Conference Call. (Operator Instructions) Note that this call is being recorded on Thursday, July 4, 2019. (foreign language)

Richard Lord
Richelieu Hardware Ltd. - CEO, President & Executive Director

Merci, thank you. Good afternoon, ladies and gentlemen, and welcome to Richelieu's conference call for the second quarter ended May 31, 2019. With me is Antoine Auclair, CFO.

As usual, note that some of today's issue includes forward-looking information, which is provided with the usual disclaimer as reported in our financial filings.

Richelieu performed very well in the second quarter as shown by increase in sales, EBITDA, net earnings and cash flows compared to the same period of last year. Our market development, acquisitions and innovation strategies fueled sales growth to U.S. manufacturers and retailers. It should also be noted that the significant rise in our sales to U.S. retailers is partly due to the increase in cyclical sales during

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