Richelieu Hardware Ltd. (RHUHF) Q3 2024 Earnings Call Transcript Summary
Richelieu Hardware Ltd. (RHUHF) Q3 2024 Earnings Call Transcript Summary
U.S. sales increased by 4.8% to $148 million, largely driven by manufacturer sales.The following is a summary of the Richelieu Hardware Ltd. (RHUHF) Q3 2024 Earnings Call Transcript:
以下是Richelieu硬件有限公司（RHUHF）2024年第三季度业绩会讲话摘要：
Financial Performance:
金融业绩：
Q3 sales growth was 1.9%, totalling $407 million, bolstered by strong U.S. manufacturer market performance and acquisitions.
Canadian sales declined by 2% due to a decrease in retail sectors, totaling $265 million.
U.S. sales increased by 4.8% to $148 million, largely driven by manufacturer sales.
EBITDA of $53 million, down 13.2% year-over-year, with margins pressured by higher costs and expansion initiatives.
Net earnings were down 23.9% to $22.7 million; earnings per share decreased to $0.41 from $0.53.
Operating cash flow decreased to $50.2 million from $104.8 million in the previous year.
第三季度销售增长1.9%，总额为$40700万，得益于强劲的美国制造商市场表现和收购。
由于零售部门下降，加拿大销售下降了2%，总额为$26500万。
美国销售增长了4.8%至$14800万，主要受制造商销售的推动。
按年减少13.2%的5300万美元的EBITDA，受到成本上升和扩张计划的压力。
净收入下降了23.9%至$2270万；每股收益从$0.53下降至$0.41。
经营现金流从上一年的10480万美元下降至5020万美元。
Business Progress:
业务进展：
Continued optimization by consolidating centers in New York and West Florida.
$42.4 million invested in acquisitions and expansion, including a new Calgary location.
Pursued a significant acquisition strategy, with four new agreements in North America, aiming for notable future growth.
通过整合纽约和西佛罗里达的中心，持续优化。
投资4240万美元用于收购和扩张，包括新的卡尔加里位置。
通过四份新的北美协议，追求重大收购策略，旨在实现明显未来增长。
Opportunities:
机会：
The ongoing housing shortage in North America presents substantial growth opportunities for Richelieu, particularly in the R&R market expected to recover soon.
在北美持续存在的住房短缺为Richelieu提供了巨大的增长机遇，特别是预计很快会复苏的装修和翻新市场。
Risks:
风险：
The downturn in the hardware retailer and renovation superstore markets continued, impacting total revenue growth and profit margins.
EBITDA and margin pressures are likely to persist short-term amid market recovery uncertainties and ongoing costs from new business acquisitions and expansion.
硬件零售商和翻新超市市场的低迷持续影响了总营业收入增长和利润率。
EBITDA和利润率压力可能会在短期内持续存在，在市场复苏不确定性和新业务收购以及扩张方面产生的持续成本。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由AI生成。文章内容的准确性无法完全保证。有关更全面的详细信息，请参阅IR网站。本文只是为投资者提供参考，没有任何指导或推荐建议。
