Brief: Hdi Announces First Quarter 2020 Results And Provides Covid-19 Business Update

ADENTRA

05/05/2020 23:24

May 5 (Reuters) - Hardwoods Distribution Inc  HDI.TO :
    * HDI ANNOUNCES FIRST QUARTER 2020 RESULTS AND PROVIDES
COVID-19
BUSINESS UPDATE
    * HARDWOODS DISTRIBUTION INC - QUARTERLY SALES OF $325.1
MILLION
    * HARDWOODS DISTRIBUTION INC - INCREASED Q1 SALES BY 13.2%
YEAR-OVER-YEAR
    * HARDWOODS DISTRIBUTION INC- QTRLY EARNINGS PER SHARE $0.44
    * HARDWOODS DISTRIBUTION INC - IN RESPONSE TO CHANGE IN
DEMAND
EXPERIENCED IN APRIL, CO TOOK ACTIONS, INCLUDING REDUCING ITS
WORKFORCE BY 10%
    * HARDWOODS DISTRIBUTION INC - EXPECTS TO ACHIEVE CASH FLOW
BREAK-EVEN IN APRIL, EVEN BEFORE CONSIDERING CHANGES IN WORKING
CAPITAL

Source text for Eikon:  ID:nCNWk28BQa 
Further company coverage:  HDI.TO 

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