Richelieu Hardware (RCH.TO) 48.39 $RCH.TO
Richelieu reports on shareholders' voting results for the election of directors
CNW Group - Thu Apr 03, 3:30PM CDT
Richelieu (TSX: RCH) held its Annual Meeting of Shareholders today. All the candidates proposed as directors were duly elected as directors of the Corporation by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting, as follows:
Richelieu pursues its growth and expansion - Increase of 12.8% in earnings per share for the first quarter of 2014
CNW Group - Thu Apr 03, 9:45AM CDT
"Richelieu (TSX: RCH) had a strong start to 2014, achieving solid growth, closing a further acquisition in Canada and realizing a significant share repurchase. Our key market segments all contributed to this sound performance. In Canada, where market conditions remained difficult in this first quarter, our sales grew by 3.8%, of which 1.5% from internal growth. We are most satisfied with our sustained growth in the United States where our sales increased by 10.6% in US$, of which strong internal growth of 9.5%. Our U.S. sales accounted for 27.6% of quarterly consolidated sales. During the first three months, we distributed approximately $30 million to shareholders, considering the share repurchase of $27.1 million and dividends paid of $2.8 million. In March, we entered into two agreements in principle, subject to certain conditions, to acquire two distributors of specialty hardware that could provide us with additional annual sales of some $14 million. We continue to focus on our innovation and acquisition strategies and the creation of sales and operational synergies," indicated Richard Lord, President and Chief Executive Officer of Richelieu.
/R E P E A T -- Richelieu's management invites the members of the financial community and the media to attend the Annual General Meeting of Shareholders/
CNW Group - Wed Apr 02, 8:00AM CDT
to be held on
Richelieu's management invites the members of the financial community and the media to attend the Annual General Meeting of Shareholders
CNW Group - Thu Mar 27, 8:00AM CDT
to be held on
Richelieu pursued its growth and expansion in 2013 - Good financial performance in the fourth quarter
CNW Group - Thu Jan 23, 8:57AM CST
"Richelieu (TSX: RCH) pursued its growth and expansion and ended 2013 with an impeccable financial position. We remain well positioned to carry on our North American business strategy in 2014. During 2013, we repurchased common shares for $36.6 million and paid dividends of $10.8 million, thereby we distributed a total of $47.4 million to shareholders and closed the year with excellent liquidities. Our sales and net earnings were up over 2012 despite the slowdown in Canada. We continued to reinforce our positioning in the U.S. where growth was excellent all year-long. Also, our market penetration initiatives and sustained innovation strategy enabled us to further benefit from better economic conditions. Having closed two acquisitions in 2013, in December we acquired Procraft Industrial Ltd, a finishing products distributor with three distribution centres in the Maritime Provinces, thereby allowing us to consolidate our positioning in this market where we were already present," indicated Richard Lord, President and Chief Executive Officer of Richelieu.
Common share buyback program of Richelieu Hardware Ltd.
CNW Group - Thu Dec 05, 9:00AM CST
Richelieu Hardware Ltd. (TSX: RCH) ("Richelieu" or the "Corporation"
announces that the Toronto Stock Exchange has accepted its notice of intention to make a "normal course issuer bid" to purchase up to 1,002,303 of its common shares, representing 5% of the 20,046,061 outstanding common shares as at November 30, 2013, through the facilities of such exchange. The Corporation can only buy a maximum of 4,067 shares on a daily basis (per market day), considering the average daily trading volume of 16,270 shares during the last six months of the year ending November 30, 2013.
Richelieu makes a new acquisition in Canada
CNW Group - Wed Sep 04, 7:30AM CDT
Richelieu Hardware Ltd. (TSX: RCH) is pleased to announce that it has acquired the net assets of Hi-Tech Glazing Supplies. This Vancouver-based distributor of door and window hardware serving the British Columbia market, realizessales of approximatively $5 million.
Richelieu pursued its growth in the second quarter of 2013
CNW Group - Thu Jul 04, 8:58AM CDT
(TSX: RCH) - "Our second-quarter results attest that our growth strategy continues to pay off. We are very satisfied with our performance in Canada, where our sales remained relatively stable compared with 2012 in a market where we have witnessed a general slowdown. In the U.S., our sustained market development and new product launch strategy has fuelled our growth and enabled us to benefit from the improving economic conditions. During the second quarter, we closed our seventh U.S. acquisition since 2010 when we acquired CourterCo Savannah, LLC. Our U.S. sales posted a 30.0% growth in U.S. dollars, of which 21.2% from internal growth and 8.8% from our recent acquisitions. Our financial position remains excellent, with almost no debt, net cash of $33.9million and a working capital of $205.8million. We are proud to highlight that Richelieu is ranked among the "Top 10 Canadian Stocks in a Buffet-inspired Portfolio", as reported in a May 2013 Globe and Mail publication. We are pursuing our innova
Richelieu reports on shareholders' voting results for the election of the directors
CNW Group - Thu Mar 28, 4:32PM CDT
Richelieu (TSX: RCH) held its Annual and Special Meeting of Shareholders today. All the candidates proposed as directors were duly elected as directors of the Corporation by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting, as follows:
Richelieu achieved further growth in the first quarter of 2013
CNW Group - Thu Mar 28, 8:30AM CDT
(TSX: RCH) "Our results and financial position for this first quarter show that we continued to increase our total sales and net earnings and maintained a healthy financial position with excellent liquidity. Historically, the first quarter is the weakest period of the year as it includes fewer business days due to the holidays and renovation and construction work is slower during the winter months. In addition, this quarter included one less business day than the period ended February29, 2012. Our results are all the more appreciable as we also witnessed an overall market slowdown during the period. In the U.S., our penetration initiatives in the manufacturers and retailers markets yielded further benefits, leading to a 20.1% sales growth in U.S. dollars. On the strength of our sales team's solid market knowledge, our innovation strategy and our ongoing penetration in Canada and the United States with a diversified offering, we are confident we will meet any challenges in the coming periods a
/R E P E A T -- Richelieu's management invites the members of the financial community and the media to attend the Annual and Special Meeting of Shareholders/
CNW Group - Wed Mar 27, 8:00AM CDT
to be held on Thursday, March 28, 2013 at 11:00 a.m. at the Omni Mont-Royal Hotel (Pierre de Coubertin) 1050 Sherbrooke Street West, Montreal, Quebec
Richelieu's management invites the members of the financial community and the media to attend the Annual and Special Meeting of Shareholders
CNW Group - Thu Mar 21, 8:00AM CDT
to be held on Thursday, March 28, 2013 at 11:00 a.m. at the Omni Mont-Royal Hotel (Pierre de Coubertin) 1050 Sherbrooke Street West, Montreal, Quebec
Richelieu achieved solid growth in 2012
CNW Group - Thu Jan 24, 10:08AM CST
Increase of 15.0% in earnings per share Good fourth-quarter financial performance
Richelieu announces changes to its Board of Directors
CNW Group - Mon Jan 21, 7:07AM CST
TSX: RCH
Richelieu reports on shareholders' voting results for the election of directors
CNW Group - Thu Apr 03, 3:30PM CDT
Richelieu (TSX: RCH) held its Annual Meeting of Shareholders today. All the candidates proposed as directors were duly elected as directors of the Corporation by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting, as follows:
Richelieu pursues its growth and expansion - Increase of 12.8% in earnings per share for the first quarter of 2014
CNW Group - Thu Apr 03, 9:45AM CDT
"Richelieu (TSX: RCH) had a strong start to 2014, achieving solid growth, closing a further acquisition in Canada and realizing a significant share repurchase. Our key market segments all contributed to this sound performance. In Canada, where market conditions remained difficult in this first quarter, our sales grew by 3.8%, of which 1.5% from internal growth. We are most satisfied with our sustained growth in the United States where our sales increased by 10.6% in US$, of which strong internal growth of 9.5%. Our U.S. sales accounted for 27.6% of quarterly consolidated sales. During the first three months, we distributed approximately $30 million to shareholders, considering the share repurchase of $27.1 million and dividends paid of $2.8 million. In March, we entered into two agreements in principle, subject to certain conditions, to acquire two distributors of specialty hardware that could provide us with additional annual sales of some $14 million. We continue to focus on our innovation and acquisition strategies and the creation of sales and operational synergies," indicated Richard Lord, President and Chief Executive Officer of Richelieu.
/R E P E A T -- Richelieu's management invites the members of the financial community and the media to attend the Annual General Meeting of Shareholders/
CNW Group - Wed Apr 02, 8:00AM CDT
to be held on
Richelieu's management invites the members of the financial community and the media to attend the Annual General Meeting of Shareholders
CNW Group - Thu Mar 27, 8:00AM CDT
to be held on
Richelieu pursued its growth and expansion in 2013 - Good financial performance in the fourth quarter
CNW Group - Thu Jan 23, 8:57AM CST
"Richelieu (TSX: RCH) pursued its growth and expansion and ended 2013 with an impeccable financial position. We remain well positioned to carry on our North American business strategy in 2014. During 2013, we repurchased common shares for $36.6 million and paid dividends of $10.8 million, thereby we distributed a total of $47.4 million to shareholders and closed the year with excellent liquidities. Our sales and net earnings were up over 2012 despite the slowdown in Canada. We continued to reinforce our positioning in the U.S. where growth was excellent all year-long. Also, our market penetration initiatives and sustained innovation strategy enabled us to further benefit from better economic conditions. Having closed two acquisitions in 2013, in December we acquired Procraft Industrial Ltd, a finishing products distributor with three distribution centres in the Maritime Provinces, thereby allowing us to consolidate our positioning in this market where we were already present," indicated Richard Lord, President and Chief Executive Officer of Richelieu.
Common share buyback program of Richelieu Hardware Ltd.
CNW Group - Thu Dec 05, 9:00AM CST
Richelieu Hardware Ltd. (TSX: RCH) ("Richelieu" or the "Corporation"
announces that the Toronto Stock Exchange has accepted its notice of intention to make a "normal course issuer bid" to purchase up to 1,002,303 of its common shares, representing 5% of the 20,046,061 outstanding common shares as at November 30, 2013, through the facilities of such exchange. The Corporation can only buy a maximum of 4,067 shares on a daily basis (per market day), considering the average daily trading volume of 16,270 shares during the last six months of the year ending November 30, 2013. Richelieu makes a new acquisition in Canada
CNW Group - Wed Sep 04, 7:30AM CDT
Richelieu Hardware Ltd. (TSX: RCH) is pleased to announce that it has acquired the net assets of Hi-Tech Glazing Supplies. This Vancouver-based distributor of door and window hardware serving the British Columbia market, realizessales of approximatively $5 million.
Richelieu pursued its growth in the second quarter of 2013
CNW Group - Thu Jul 04, 8:58AM CDT
(TSX: RCH) - "Our second-quarter results attest that our growth strategy continues to pay off. We are very satisfied with our performance in Canada, where our sales remained relatively stable compared with 2012 in a market where we have witnessed a general slowdown. In the U.S., our sustained market development and new product launch strategy has fuelled our growth and enabled us to benefit from the improving economic conditions. During the second quarter, we closed our seventh U.S. acquisition since 2010 when we acquired CourterCo Savannah, LLC. Our U.S. sales posted a 30.0% growth in U.S. dollars, of which 21.2% from internal growth and 8.8% from our recent acquisitions. Our financial position remains excellent, with almost no debt, net cash of $33.9million and a working capital of $205.8million. We are proud to highlight that Richelieu is ranked among the "Top 10 Canadian Stocks in a Buffet-inspired Portfolio", as reported in a May 2013 Globe and Mail publication. We are pursuing our innova
Richelieu reports on shareholders' voting results for the election of the directors
CNW Group - Thu Mar 28, 4:32PM CDT
Richelieu (TSX: RCH) held its Annual and Special Meeting of Shareholders today. All the candidates proposed as directors were duly elected as directors of the Corporation by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting, as follows:
Richelieu achieved further growth in the first quarter of 2013
CNW Group - Thu Mar 28, 8:30AM CDT
(TSX: RCH) "Our results and financial position for this first quarter show that we continued to increase our total sales and net earnings and maintained a healthy financial position with excellent liquidity. Historically, the first quarter is the weakest period of the year as it includes fewer business days due to the holidays and renovation and construction work is slower during the winter months. In addition, this quarter included one less business day than the period ended February29, 2012. Our results are all the more appreciable as we also witnessed an overall market slowdown during the period. In the U.S., our penetration initiatives in the manufacturers and retailers markets yielded further benefits, leading to a 20.1% sales growth in U.S. dollars. On the strength of our sales team's solid market knowledge, our innovation strategy and our ongoing penetration in Canada and the United States with a diversified offering, we are confident we will meet any challenges in the coming periods a
/R E P E A T -- Richelieu's management invites the members of the financial community and the media to attend the Annual and Special Meeting of Shareholders/
CNW Group - Wed Mar 27, 8:00AM CDT
to be held on Thursday, March 28, 2013 at 11:00 a.m. at the Omni Mont-Royal Hotel (Pierre de Coubertin) 1050 Sherbrooke Street West, Montreal, Quebec
Richelieu's management invites the members of the financial community and the media to attend the Annual and Special Meeting of Shareholders
CNW Group - Thu Mar 21, 8:00AM CDT
to be held on Thursday, March 28, 2013 at 11:00 a.m. at the Omni Mont-Royal Hotel (Pierre de Coubertin) 1050 Sherbrooke Street West, Montreal, Quebec
Richelieu achieved solid growth in 2012
CNW Group - Thu Jan 24, 10:08AM CST
Increase of 15.0% in earnings per share Good fourth-quarter financial performance
Richelieu announces changes to its Board of Directors
CNW Group - Mon Jan 21, 7:07AM CST
TSX: RCH
