How did Ace Hardware perform in Q4 2022?

Record patronage dividend to shareholders of $344.5 million, an increase of 9.6 percent OAK BROOK, Ill., Feb. 15, 2023 /PRNewswire/ -- Ace Hardware Corporation ("Ace" or the "Company") today reported record fourth quarter 2022 revenues of $2.2 billion, an increase of $124.5 million, or 6.0 percent, from the fourth quarter of 2021.

Who is Ace Hardware Stores Inc?

Ace Hardware Stores Inc was founded in 1963. The Company's line of business includes the retail sale of a number of basic hardware lines, such as tools, housewares and household appliances.

Does Ace Services Holdings LLC have a wholesale business?

The Company's Ace Services Holdings LLC subsidiary, which is reported as part of the Company's wholesale business, experienced a $41.9 million increase in wholesale revenues from the third quarter of 2022.

Where is Ace located?

Headquartered in Oak Brook, Ill., Ace and its subsidiaries operate an expansive network of distribution centers in the U.S. and have distribution capabilities in Ningbo, China; Santa Catarina, Mexico; Colon, Panama; and Dubai, United Arab Emirates.