Richelieu Hardware Ltd. manufactures, distributes, and imports specialty hardware and complementary products in North America. The company offers builders hardware; building specialties; cabinet doors, drawers, and tambour systems; central vacuum cleaners; chairs and barstools; closet solutions; commercial display hardware; corbels, moldings, and wood components; decorative and cabinet hardware; edgebanding, finishing products, abrasives, and shop supplies; furniture equipment; glass hardware; glues, silicones, caulking, and insulating foam; healthcare solutions hinges, opening systems, and slides; kitchen accessories; legs and casters; lighting; bath accessories and decorative hooks; office...
7900, Henri-Bourassa Boulevard West
Montreal, QC H4S 1V4
Founded in 1968
Richelieu Hardware Ltd. Approves the Payment of Second Quarter Dividend Payable on July 31, 2014; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2014
Jul 3 14
At its meeting on July 3, 2014, the Board of Directors of Richelieu Hardware Ltd. approved the payment of a second quarter dividend of $0.14 per share. This dividend is payable on July 31, 2014 to shareholders of record as at July 17, 2014.
The company reported unaudited consolidated earnings results for the second quarter and six months ended May 31, 2014. For the quarter, the company reported sales of $165,155,000 compared to $156,240,000 a year ago. Earnings before income taxes were $17,490,000 compared to $16,465,000 a year ago. Net earnings were $13,062,000 compared to $12,224,000 a year ago. Net earnings attributable to shareholders of the corporation were $13,036,000 or $0.66 diluted per share compared to $12,140,000 or $0.58 diluted per share a year ago. Cash from operating activities was $14,832,000 against $9,843,000 a year ago. Additions to property, plant and equipment and intangible assets were $1,198,000 compared to $804,000 a year ago. Interest and amortization (EBITDA) grew to $19,200,000, an increase of 5.4% over the corresponding quarter of 2013.
For the six months period, the company reported sales of $301,263,000 compared to $282,324,000 a year ago. Earnings before income taxes were $29,520,000 compared to $27,603,000 a year ago. Net earnings were $21,908,000 compared to $20,402,000 a year ago. Net earnings attributable to shareholders of the corporation were $21,895,000 or $1.09 diluted per share compared to $20,298,000 or $0.96 diluted per share a year ago. Additions to property, plant and equipment and intangible assets were $1,897,000 compared to $1,559,000 a year ago. Cash from operating activities was $25,833,000 against $24,905,000 a year ago. First-half earnings before income taxes, interest and amortization (EBITDA) totaled $32,900,000, an increase of $1,800,000 or 5.8% over the first half of 2013.
Richelieu Hardware Ltd., Board Meeting, Jul 03, 2014
Jul 3 14
Richelieu Hardware Ltd., Board Meeting, Jul 03, 2014., at 14:30 US Eastern Standard Time. Agenda: To approve the payment of a quarterly dividend.