Q3 2019 Richelieu Hardware Ltd Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware Third Quarter 2019 Results Conference Call. (Operator Instructions) Note that this call is being recorded on Thursday, October 3, 2019. (foreign language)
Merci. Good afternoon, ladies and gentlemen, and welcome to this Richelieu's conference call for the third quarter and nine-month period ended August 31, 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.
Richelieu performed well in the third quarter, as shown by increases in sales, EBITDA, net earnings and cash flows compared to last year. Note that the third quarter had 1 less business day than last year, negatively impacting sales by 1.5%.
Despite a softer market in Canada, our growth was fueled by the contribution of our 5 acquisition made over the past 12 months, namely Euro
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