Q3 2023 Richelieu Hardware Ltd Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware third quarter results conference call. (Operator Instructions) This call is being recorded on October 5, 2023. (foreign language)
Mercy, thank you. Good afternoon, ladies and gentlemen, and welcome to Richelieu's conference call for the third quarter and first 9-month period ended August 31, 2023. With me is Antoine Auclair, CFO.
Our third quarter performance reflects the effectiveness of our initiatives to achieve good sales in our Canadian and U.S. market. Sales that are slightly below the third quarter of 2022, which benefited from exceptional market conditions in the pandemic context.
For the 9 months to date, we reached sales of $1.3 billion, in line with last year. Our customer-focused business model and our diversified markets in North America are effective assets as are our innovation and value-added service strategies and our business acquisitions, which partly offset the internal
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