MONTREAL, July 7, 2022 /CNW Telbec/ - "Richelieu (TSX: RCH) achieved a great performance in the second quarter, reflecting among others the positive impact of our acquisitions and investments in recent years in new market segments. In the United States, we achieved a record 54.8% (US$) increase in sales resulting from strong internal growth of 22.7% and the contribution of our most recent acquisitions. In Canada, in the manufacturers' market, our sales totalled $237.3 million, up 17.3%, and they reached $55.0 million in the retailers and renovation superstores market, up 9.3%. The expansion of several of our distribution centers in strategic U.S. markets is progressing according to schedule. While integrating our most recent acquisitions, we will continue to pursue our growth strategy based on innovation, business acquisitions and our value-added multi-access service in order to seize growth opportunities in the short and long term", indicated Richard Lord, President and Chief executive Officer.
Read more at newswire.caSustained strong growth for Richelieu. 31.4% increase in sales in the second quarter including a record 54.8% (US$) increase in the United States. Net earnings per share up 25.8%
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