Jul 10, 2026
Richelieu (RCH) slid 9% on the back of its Q2 results, which missed small on the top line as organic growth continued to slow…
… and missed big on EPS, with US tariffs weighing on profitability. Management indicated it needs to see stronger end market activity to hit its 11% EBITDA margin target for the year…
… which should keep a lid on the multiple until Q3 rolls around.
About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.
