Richelieu Hardware Ltd Q3 2024 Earnings Call Transcript - Thomson StreetEvents

Richelieu Hardware Ltd Q3 2024 Earnings Call Transcript

Richelieu Hardware Ltd Q3 2024 Earnings Call Transcript - Thomson StreetEvents
Richelieu Hardware Ltd Q3 2024 Earnings Call Transcript
Published Oct 10, 2024
7 pages (3228 words) — Published Oct 10, 2024
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Abstract:

Edited Transcript of RCH.TO earnings conference call or presentation 10-Oct-24 6:30pm GMT

  
Brief Excerpt:

...Operator Good afternoon, ladies and gentlemen, and welcome to Richelieu Hardware third-quarter results conference call. (Operator Instructions) Also note that this call is being recorded on October 10, 2024. (spoken in foreign language) Richard Lord ...

  
Report Type:

Transcript

Source:
Company:
Ticker
RCH.TO
Time
6:30pm GMT
Format:
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Hamir Patel - CIBC Capital Markets - Analyst : Hi, good afternoon. Richard, if you're successful in completing those four acquisitions, would you expect that to be completed in the fourth fiscal quarter and what would be the total revenues associated with the four deals?


Question: Hamir Patel - CIBC Capital Markets - Analyst : Okay, great. Thanks. Thanks for that. And that would that be largely on the manufacturer side?


Question: Hamir Patel - CIBC Capital Markets - Analyst : Okay. And then Richard, are you able to give an indication of how sales fared in the month of September?


Question: Hamir Patel - CIBC Capital Markets - Analyst : Fair enough. And Richard, I know the margins kind of troughed in Q1, yet an improvement in Q2 and Q3. How do we think about just given sounds like near term, things are still a bit sluggish. Would you expect any margin improvement in Q4? And how do you think about maybe where full year margins could go in '25?


Question: Hamir Patel - CIBC Capital Markets - Analyst : Okay. Fair enough, but for now, I'll get back in the queue. Thanks.


Question: Zachary Evershed - National Bank Financial - Analyst : Good afternoon, everyone, and thanks for taking my questions. How consistently do you think you can add $100 million in run rate revenue through acquisitions? Do you think that's an average target or an annual minimum going forward?


Question: Zachary Evershed - National Bank Financial - Analyst : Good color. Thanks. And then the US customer lost in Q2. How's it going on backfilling that those volumes? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 10, 2024 / 6:30PM, RCH.TO - Q3 2024 Richelieu Hardware Ltd Earnings Call


Question: Zachary Evershed - National Bank Financial - Analyst : Understood. Thanks. And on the topic of Bloom, you mentioned that they were pushing for a price hike last quarter. How well is that flowing through so far? And are you seeing other suppliers start to follow suit?


Question: Zachary Evershed - National Bank Financial - Analyst : Understood. Thanks. And just the last one for me. When do you think we start to get out from under the modernization and expansion costs?


Question: Zachary Evershed - National Bank Financial - Analyst : That's it for me. Thanks. I'll turn it over.

Table Of Contents

Richelieu Hardware Ltd Q1 2025 Earnings Call Transcript – 2025-04-10 – US$ 54.00 – Edited Transcript of RCH.TO earnings conference call or presentation 10-Apr-25 7:30pm GMT

Richelieu Hardware Ltd Q4 2024 Earnings Call Transcript – 2025-01-16 – US$ 54.00 – Edited Transcript of RCH.TO earnings conference call or presentation 16-Jan-25 7:30pm GMT

Richelieu Hardware Ltd Q2 2024 Earnings Call Transcript – 2024-07-11 – US$ 54.00 – Edited Transcript of RCH.TO earnings conference call or presentation 11-Jul-24 6:30pm GMT

Richelieu Hardware Ltd Q4 2023 Earnings Call Transcript – 2024-01-18 – US$ 54.00 – Edited Transcript of RCH.TO earnings conference call or presentation 18-Jan-24 7:30pm GMT

Richelieu Hardware Ltd Q3 2023 Earnings Call Transcript – 2023-10-05 – US$ 54.00 – Edited Transcript of RCH.TO earnings conference call or presentation 5-Oct-23 6:30pm GMT

Richelieu Hardware Ltd Q2 2023 Earnings Call Transcript – 2023-07-06 – US$ 54.00 – Edited Transcript of RCH.TO earnings conference call or presentation 6-Jul-23 6:30pm GMT

Richelieu Hardware Ltd Q1 2023 Earnings Call Transcript – 2023-04-06 – US$ 54.00 – Edited Transcript of RCH.TO earnings conference call or presentation 6-Apr-23 7:00pm GMT

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Thomson StreetEvents. "Richelieu Hardware Ltd Q3 2024 Earnings Call Transcript" Oct 10, 2024. Alacra Store. May 07, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2024-Richelieu-Hardware-Ltd-Earnings-Call-T16134706>
  
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Thomson StreetEvents. (2024). Richelieu Hardware Ltd Q3 2024 Earnings Call Transcript Oct 10, 2024. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2024-Richelieu-Hardware-Ltd-Earnings-Call-T16134706>
  
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