11:39 AM EDT, 04/11/2024 (MT Newswires) -- Richelieu Hardware's ( RHUHF ) Q1/24 revenues, at $406.9 million, was up 1% y/y, driven by a 0.4% organic decline and offset by a 1.4% lift from acquisitions, slightly below consensus of $407.8 million and National Bank's $416.5 million forecast.

EBITDA margins contracted 230 bps y/y to 9.9% resulting in $40.4 million in EBITDA, missing NBF's $45.8 million forecast (11.0% margin) and the Street's $42.5 million (10.4% margin). The profitability miss impacted EPS, with a print of $0.27, shy of both NBF $0.34 estimate and consensus of $0.30.

Analyst Zachary Evershed will review price target and estimates following the conference call later.

Richelieu is rated Sector Perform, with a $45.50 target.

Richelieu is down 4.2% to $39.52 on the Toronto Stock Exchange.

Price: 39.52, Change: -1.73, Percent Change: -4.19