Brief: HDI Announces Annual And Fourth Quarter 2020 Results

ADENTRA

12/03/2021 03:13

March 12 (Reuters) - Hardwoods Distribution Inc  HDI.TO :
    * HDI ANNOUNCES ANNUAL AND FOURTH QUARTER 2020 RESULTS
    * HARDWOODS DISTRIBUTION- THERE CAN BE A SIX-TO-NINE-MONTH
LAG
BETWEEN POSITIVE CONSTRUCTION DATA AND DEMAND FOR COMPANY'S
PRODUCTS
    * POSITIVE DATA IN LATTER HALF OF 2020 SHOULD BENEFIT HDI IN
2021
    * Q4 TOTAL SALES C$308.4 MILLION VERSUS C$287.8 MILLION
    * Q4 BASIC PROFIT PER SHARE C$0.36
    * Q4 DILUTED PROFIT PER SHARE C$0.35
    * Q4 ADJUSTED EBITDA INCREASED BY 26.9% TO $24.3 MILLION,
FROM
$19.1 MILLION DURING THE SAME PERIOD IN 2019

Source text for Eikon:  ID:nCNWTmfx3a 
Further company coverage:  HDI.TO 

 ((Reuters.Briefs@thomsonreuters.com;))