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Q2 2019 Hardwoods Distribution Inc Earnings Call Transcript

Aug 13, 2019 / 03:00PM GMT
Operator

Good morning. My name is Leonie, and I'll be your conference operator today. At this time, I'd like to welcome everyone to HDI's second quarter results conference call. (Operator Instructions)

I would now like to turn the call over to your host, Mr. Rob Brown, President and CEO. Please go ahead, sir.

Robert J. Brown
Hardwoods Distribution Inc. - President, CEO & Director

Thanks, Leonie, and good morning, everyone. Welcome to the call. Thanks for joining us. I'm going to start this morning with a brief overview of some of the highlights from our second quarter and first half to the year. Faiz Karmally, our CFO, will follow with a more detailed financial review, and I'll return to discuss our outlook going forward.

HDI made important progress in the second quarter and the first half of 2019, even as we experienced softer operating conditions in U.S. construction markets, which were affected by a delayed start to the construction season and by mixed economic conditions. We significantly increased second quarter cash flow from operations to

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