Richelieu Hardware (TSE:RCH) Full Year 2024 Results
Key Financial Results
- Revenue: CA$1.83b (up 2.5% from FY 2023).
- Net income: CA$85.8m (down 23% from FY 2023).
- Profit margin: 4.7% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: CA$1.54 (down from CA$2.00 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Richelieu Hardware EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%.
The primary driver behind last 12 months revenue was the Canada segment contributing a total revenue of CA$1.05b (57% of total revenue). Notably, cost of sales worth CA$1.63b amounted to 89% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CA$58.1m (50% of total expenses). Explore how RCH's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Trade Distributors industry in Canada.
Performance of the Canadian Trade Distributors industry.
The company's shares are down 4.5% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Richelieu Hardware's balance sheet and an in-depth analysis of the company's financial position.
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About TSX:RCH
Richelieu Hardware
Manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States.
Excellent balance sheet second-rate dividend payer.
