Richelieu Hardware Ltd (OTCPK:RHUHF)
$ 28.4173 -0.640604 (-2.2%) Market Cap: 1.63 Bil Enterprise Value: 1.79 Bil PE Ratio: 22.89 PB Ratio: 2.42 GF Score: 90/100

Q1 2019 Richelieu Hardware Ltd Earnings Call Transcript

Apr 04, 2019 / 06:30PM GMT
Release Date Price: $16.55 (-7.70%)
Operator

Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware First Quarter 2019 Results Conference Call. (Operator Instructions) Note that this call is recorded on Thursday, April 4, 2019. (foreign language)

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

Merci, good afternoon, ladies and gentlemen, and welcome to Richelieu's conference call for the first quarter ended February 28, 2019. With me is Antoine Auclair, CFO. As usual, note that some of today's issue includes forward-looking information, which is provided with the usual disclaimer, as reported in our financial filings.

The first quarter is generally our weakest period in terms of financial results, but this year, we have made a very good start in terms of business acquisition. During the first quarter, we closed 3 new acquisition in Canada, Lion Industries, Blackstone Building Products, and Truform Building Products. These 3 specialty hardware distributors serve a customer base of window and door manufacturers in Ontario and Western Canada from

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