Richard Lord, president and CEO.
Richelieu says its growth trajectory remained strong in the first quarter, with results trending upward, including a 5.0% increase in sales, reflecting growth of 3.4% in Canada and 11.3% in the United States, including the contribution of acquisitions, which accounted for 3.0% of sales growth. Excluding the unfavourable impact of the appreciation of the Canadian dollar against the US dollar, sales growth would have been 7.0%.
”Our results are all the more noteworthy given that the first three months represent the weakest period of the financial year. Our strategies focused on innovation, acquisitions and diversification of market segments, combined with the distinctive quality of our service, have effectively offset certain sector slowdowns," said Richard Lord, president and CEO.
"At the beginning of the quarter, as previously announced, we completed the acquisition of three distribution centres from McKillican American, following a series of nine acquisitions in 2025. Located in Oregon and Washington State, this acquisition expands and diversifies our offering and customer base in regions where we were already present, while also allowing us to integrate new talent into the organization. It also represents the 100th acquisition in Richelieu’s history. In addition, we have signed two agreements in principle for acquisitions in Canada. In 2026, we will continue to seize and create opportunities, as we are ideally positioned to meet demand in specialized markets, as well as the demand for new housing and renovation projects. The fragmented market in which we operate continues to present acquisition opportunities that we will pursue when they meet our criteria. I am also proud to highlight that Richelieu won the two most prestigious awards as part of the Best of KBIS 2026 – Kitchen & Bath Industry Show (KBIS) held recently in Orlando, Florida. These honours recognize Richelieu’s leadership in product excellence, particularly in design, innovation and functionality, " Lord said.
Solid growth
For the first quarter ended Feb. 28, 2026, consolidated sales amounted to $463.6M, compared to $441.7M for the first quarter of 2025, an increase of $21.9M, or 5.0%, including 3.0% from the positive contribution of acquisitions and 2.0% from internal growth.
In currency comparable to that of the first quarter of 2025, the increase in consolidated sales would have been 7.0% for the quarter.
