Jan 21, 2021 / 07:30PM GMT
Operator
Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware Fourth Quarter Results Conference Call. (Operator Instructions) This call is being recorded on January 21, 2021.
(foreign language)
Richard Lord - Richelieu Hardware Ltd. - CEO, President & Executive Director
Thank you. Good afternoon, ladies and gentlemen, and welcome to Richelieu conference call for the fourth quarter and 12-month period ended November 30, 2020. 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.
The fourth quarter was another period of high profitability and strong increase in sales resulting both from internal and growth and acquisitions -- internal growth and acquisition.
Let's take a quick look at the Q4 financial highlights. Total sales increased by 20.4%, including 12% from organic growth and 8.4% from acquisitions. Sales to manufacturers were up 15.7%.
Sales rose by 55.4% in the
Q4 2020 Richelieu Hardware Ltd Earnings Call Transcript
Feb 14, 2024
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