Q3 2022 Richelieu Hardware Ltd Earnings Call Transcript

Feb 14, 2024

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Oct 06, 2022 / 06:30PM GMT
Operator

Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware Third Quarter Results Conference Call. (Operator Instructions)

Note that the call is being recorded on October 6, 2022. (foreign language)

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

Thank you. Good afternoon, ladies and gentlemen. And welcome to Richelieu's conference call for the third quarter and first 9 months of fiscal 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. In line with previous periods, we achieved a strong third quarter with a 26.7% increase in total sales to which our Canadian market segment contributed as well as our U.S. manufacturer market, where we realized a sharp rise of 51% in U.S. dollars, of which 32% came from acquisitions.

We posted an EBITDA increase of 23.8% with an EBITDA margin of 16.7% and a net earnings per share increase of 18.8%. This performance

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