HIGHLIGHTS OF THE FIRST QUARTER ENDED FEBRUARY 28, 2026
- Sales of $463.6 million, up by 5.0 %, including 2.0 % internal growth and 3.0 % from acquisitions.
- In Canada, sales of $249.8 million, up 3.4 %.
- In the United States, sales of US$155.6 million, up 11.3 %.
- EBITDA of $43.2 million, up 1.9 % – EBITDA margin of 9.3 %.
- Net earnings attributable to shareholders of $14.4 million, or $0.26 per diluted share, up 4.0%.
- Adjusted cash flows from operating activities of $37.9 million.
- Strong financial position as at February 28, 2026 – working capital of $625.7 million – ratio of 3.2:1.
- Expansion: Acquisition of 3 distribution centres in the United States (Portland, Seattle and Spokane), on December 12, 2025, and the signing of letters of intent for two acquisitions in Canada.
- Quarterly dividend of $0.1566 per share payable on May 7, 2026 to shareholders of record on April 23, 2026.
MONTREAL, April 9, 2026 /CNW/ – (TSX:RCH) “Our growth trajectory remained strong in the first quarter, with results trending upward, including a 5.0% increase in sales, reflecting growth of 3.4% in Canada and 11.3% (US) in the United States, including the contribution of acquisitions, which accounted for 3.0% of sales growth. Excluding the unfavourable impact of the appreciation of the Canadian dollar against the US dollar, sales growth would have been 7.0%. Our results are all the more noteworthy given that the first three months represent the weakest period of the financial year. Our strategies focused on innovation, acquisitions and diversification of market segments, combined with the distinctive quality of our service, have effectively offset certain sector slowdowns,” said Richard Lord, President and Chief Executive Officer.
CONTINUED EXPANSION: 1 ACQUISITION IN THE U.S. AND 2 LETTERS OF INTENT IN CANADA
“At the beginning of the quarter, as previously announced, we completed the acquisition of three distribution centres from McKillican American, following a series of nine acquisitions in 2025. Located in Oregon and Washington State, this acquisition expands and diversifies our offering and customer base in regions where we were already present, while also allowing us to integrate new talent into the organization. It also represents the 100th acquisition in Richelieu’s history. In addition, we have signed two agreements in principle for acquisitions in Canada. In 2026, we will continue to seize and create opportunities, as we are ideally positioned to meet demand in specialized markets, as well as the demand for new housing and renovation projects. The fragmented market in which we operate continues to present acquisition opportunities that we will pursue when they meet our criteria.
I am also proud to highlight that Richelieu won the two most prestigious awards as part of the Best of KBIS 2026 – Kitchen & Bath Industry Show (KBIS) held recently in Orlando, Florida. These honours recognize Richelieu’s leadership in product excellence, particularly in design, innovation and functionality ” added Richard Lord.
RESULTS FOR THE FIRST QUARTER ENDED FEBRUARY 28, 2026
The following table provides an overview of Richelieu’s sales in its two main markets for the quarters ended February 28, 2026 and 2025 :
|
Quarters ended February 28 |
2026 |
2025 |
∆ % |
||
|
(in millions of dollars, except exchange rates) |
Total |
Internal |
Acquisitions |
||
|
Consolidated |
463.6 |
441.7 |
5.0 |
2.0 |
3.0 |
|
Manufacturers |
408.2 |
385.2 |
6.0 |
3.1 |
2.9 |
|
Retailers |
|