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Earnings

STRONG FOURTH-QUARTER RESULTS AND SUSTAINED ACQUISITION ACTIVITY

By The Northwire Desk — AI Analysis Jan 15, 2026 · 11:04 RCH · 41.96 RICHELIEU HARDWARE LTD.
RCH · Price

Executive Summary

  • Richelieu reported strong Q4 2025 results: sales $510.9 M (+7.3%), EBITDA $59.2 M (+9.1%), net earnings $25.6 M (+4.8%); full‑year 2025 sales $1.96 B (+7.2%) and net earnings $85.8 M (+0.1%).
  • Completed ten acquisitions in FY 2025 (including three Q4 deals and a post‑year‑end purchase of three distribution centres), adding $100 M of annual sales and marking the company’s 100th acquisition.
  • Board approved a quarterly dividend of $0.1566 per share (2% increase) payable February 12 2026.

Key Details

  • Quarterly Financial Highlights (Q4 2025)
  • Sales: $510.9 M vs. $476.2 M in Q4 2024 (+7.3%).
  • EBITDA: $59.2 M vs. $54.3 M (+9.1%); margin 11.6% (up from 11.4%).
  • Net earnings attributable to shareholders: $25.6 M vs. $24.5 M (+4.8%).

  • Adjusted cash flow from operating activities: $180.5 M (↑8.9%).

  • Full‑Year Financial Highlights (FY 2025)

  • Sales: $1,964.0 M vs. $1,832.2 M (+7.2%).
  • EBITDA: $213.9 M vs. $201.4 M (+6.2%); margin 10.9%.
  • Net earnings attributable to shareholders: $85.8 M (flat vs. prior year).

  • Cash & cash equivalents end‑year: $22.6 M (vs. –$12.3 M).

  • Acquisition Activity

  • FY 2025 total acquisitions: 9 (U.S. and Canada); Q4 2025 added three Canadian distributors (Ideal Security, Finmac Lumber, Klassen Bronze) and a post‑year‑end purchase of McKillican American’s three distribution centres in Portland, Seattle, Spokane – the 10th acquisition since Dec 2024 and company’s 100th overall.

  • Acquisitions contributed $100 M of incremental annual sales (≈3.2% of FY sales).

  • Dividend

  • Quarterly dividend increased 2% to $0.1566 per share, payable Feb 12 2026 to shareholders of record Jan 29 2026.

  • Balance Sheet & Liquidity

  • Working capital ratio 3.3:1; current assets $896.1 M vs. current liabilities $272.1 M.

  • Long‑term debt modestly reduced to $2.3 B; total debt $9.9 B (up from $5.9 B) reflecting higher lease obligations.

  • Cash Flow Summary

  • Operating activities: +$202.4 M (vs. +$133.6 M prior year).
  • Investing activities: –$62.3 M, of which $47.1 M for nine acquisitions.

  • Financing activities: –$104.4 M; includes $33.9 M dividends paid and $16.2 M share repurchases.

  • Conference Call

  • Management will discuss results on Jan 15 2026 at 2:30 p.m. ET (dial‑in details provided).

Notable Quotes

“For Richelieu, 2025 was a year of sustained growth… we will continue to focus on our innovation and acquisition strategies to seize opportunities, help evolve our markets, and drive growth,” – Richard Lord, President & CEO.

“I am particularly proud of the acquisitions of Ideal Security and Klassen Bronze… they strengthen our position in this strategic segment and fully align with our ‘one‑stop shop’ strategy.” – Richard Lord, President & CEO.

Read the original news release →

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