Richelieu Hardware Ltd. (RCH) Earnings Call Transcripts

Richelieu Hardware Ltd.'s Latest Earnings Call - Q1 FY2026

In the first quarter of fiscal year 2026, Richelieu Hardware Ltd. reported a revenue of $463.6 million, reflecting a 5% increase year-over-year, driven by solid growth in the U.S. market and contributions from acquisitions. Net income rose 4% to $0.26 per share, slightly above expectations. Management maintained a positive outlook, signaling confidence in continued growth driven by acquisitions and market recovery, despite some challenges in the Canadian retail sector.

Reported metrics

Guidance from management

Management expects EBITDA margins for 2026 to be around 11%, slightly higher than last year, indicating confidence in operational improvements and market recovery.

What management said

Thank you, Antoine. In conclusion, we are integrating our recent acquisitions efficiently while continuing to actively pursue opportunities. The highly fragmented market in which we operate, particularly in the U.S., still offer many acquisition opportunities, and we are well positioned to capitalize on those that meet our disciplined acquisition criteria. We believe we are well positioned with a strong offering and ...

I mean, just to complete also the -- your previous question. The month of March is pretty aligned with what you've seen in the first [indiscernible]. We're still seeing growth in March in the beginning of April as well. And regarding the price increase versus the volume. It's pretty much -- the increase you're seeing in the U.S. is pretty much price increase driven. In Canada, it's a 50-50 price increase in volume.

What analysts pressed on

Analysts expressed concerns about the declining sales in the Canadian retail market and the impact of tariffs on margins. They questioned the sustainability of growth in light of these challenges and the potential effects of rising mortgage rates in the U.S. on M&A activity.

Main topics on the call

• Revenue Growth — Richelieu's sales increased by 5% to $463.6 million, with U.S. sales growing 11.3%. Management noted, 'This growth reflects both the solid contribution of our manufacturers market in Canada and in the U.S.'
• Acquisition Strategy — The company completed its first acquisition of 2026 and signed letters of intent for further acquisitions, indicating a strong commitment to growth through M&A. Richard Lord stated, 'We are well positioned to capitalize ...
• EBITDA Margins — EBITDA increased by 1.9% to $43.2 million, with a margin of 9.3%. Antoine Auclair mentioned, 'The first quarter is always the softer quarter of the year,' suggesting expectations for margin improvement in subsequent quar...
• Retail Sector Challenges — Sales in the hardware retailers and renovation superstores market declined by 1.9%, with a notable 6% drop in Canada. Management acknowledged, 'The retailers market... is flat,' indicating ongoing challenges in this segm...

Read the full Richelieu Hardware Ltd. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 49 Richelieu Hardware Ltd. earnings call transcripts on record, spanning January 23, 2020 to October 8, 2026. Based on this history, Richelieu Hardware Ltd. reports quarterly. The most recent call on file is dated October 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RCH

Exchange

TSX

Country

CA

Sector

Industrials

Industry

Trading Companies and Distributors

Calls on record

49

First call

January 23, 2020

Most recent

October 8, 2026

Reporting cadence

quarterly