Q4 2018 Hardwoods Distribution Inc Earnings Call Transcript
Good morning. My name is Sophie, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Hardwoods Distribution Fourth Quarter Results Conference Call. (Operator Instructions) And now would like to turn the conference over to Mr. Rob Brown, President and CEO. You may begin, sir.
Thank you, Sophie. Good morning, and welcome everyone. Thanks for joining us. I'm going to start this morning with some comments on our 2018 year. Faiz Karmally, our CFO, will follow with a review of our fourth quarter and full year financial performance. Then I'll return to discuss our outlook going forward.
I'm pleased to report that HDI's growth story continued in 2018. Our full year sales grew 8.5% on a combination of organic and acquisitions-based growth, and diluted profit per share increased 7% year-over-year as we benefited from the reduction in U.S. corporate tax rates.
I'm proud to say, these results represent our seventh consecutive year of
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