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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Q4 2022 Richelieu Hardware Ltd Earnings Call Transcript

Jan 19, 2023 / 07:30PM GMT
Release Date Price: $27.11 (-2.83%)
Operator

Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware Fourth Quarter Results Conference Call. (Operator Instructions) Also note that this call is being recorded on January 19, 2023. (foreign language)

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

(foreign language). Thank you. Good afternoon, ladies and gentlemen, and welcome to the Richelieu conference call for the fourth quarter and 12-month period ended November 30, 2022. With me is Antoine Auclair, CFO. As usual, note that some of today's issue include forward-looking information, which is provided with the usual disclaimer as reported in our financial filings.

First, let's look at our fourth quarter where our sales benefited from both acquisitions and internal growth. The sales increase was driven by a strong performance in the manufacturers market in the U.S. where the 2 acquisitions closed in the first quarter made a major contribution. Namely, Compi Distributor, HGH Hardware and National Builders Hardware. Jointly they operate 9 distribution

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