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There are always some companies that carry on with business as usual for as long as possible. Sometimes the gambit pays off; sometimes it doesn t. Richelieu Hardware聽 TSX:RCH is at an interesting crossroads right now.This $1.35 billion company is an importer, distributor, and manufactu
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rer of specialty hardware and complementary products. It has more than 80,000 customers in North America and 82 centres that sell over 110,000 products SKUs .Richelieu announced its numbers for the quarter ended February 29, 2020, and reported revenues of $249.4 million, up by 10.2% from the same period in 2019. Canada contributed to $156.7 million in sales, up by 9%, and the U.S. generated $92.7 million in revenue
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, up by 12%. The company first-quarter EBITDA reached $
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24.9 million, up by $3.9 million, or 18.9%, over the first quarter of 2019.A large part of the growth in sales can be attributed to the three new acquisitions in North America that gave Richelieu access to new geographic markets. T