Earnings release
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२ Richelieu ● ● Press release for immediate release Solid growth for Richelieu in Q3 2021 Sales reached $ 1.042 billion , up 28.9 % for the first nine months . 5 acquisitions closed since the beginning of fiscal 2021 for potential sales of $ 75 million annually For the third quarter ended August 31 , 2021 , sales totalled $ 373.3 million , up 20.0 % , of which 14.1 % was internal growth and 5.9 % came from acquisitions . In Canada and the United States , the increases were 21.3 % and 26.7 % ( US $ ) , respectively . For the first nine months of the financial year , sales amounted to $ 1.042 billion , up 28.9 % . Net earnings attributable to shareholders stood at $ 38.7 million , or $ 0.69 per diluted share , up 38.0 % . For the first nine months , it reached $ 1.72 per diluted share , up 67.0 % . Closing of five acquisitions , since the beginning of the financial year , including two in the third quarter and two subsequent to the end of the quarter . Opening of two distribution centers in the United States , including one in the third quarter . Sound and solid financial position with cash of $ 66.7 million , total debt of $ 8.8 million , working capital of $ 416.9 million for a ratio of 3.3 : 1 and return on average equity of 21.2 % . Montreal , October 7 , 2021 - " Richelieu ( RCH : TSX ) has delivered another strong quarterly performance . Growth in the third quarter contributed to increase sales for the first nine months to over $ 1 billion and further strengthen the financial position . We continued to focus on supporting our customers by providing value - added multi - channel service and an incomparable range of products through our network of " one - stop - shop " centers - as well as online at richelieu.com , and this despite the existing supply chain challenges . The manufacturers ' market benefited from increased demand in the renovation market , achieving sales up 32.5 % in Canada and 36.7 % ( US $ ) in the United States . The retail market declined by 14.8 % in Canada and 21.6 % ( US $ ) in the United States - thus returning to a pre - pandemic business volume , " commented Richard Lord , President and Chief Executive Officer of Richelieu .