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Q1 2019 Hardwoods Distribution Inc Earnings Call Transcript

May 10, 2019 / 03:00PM GMT
Release Date Price: C$12.48 (+2.21%)
Operator

Good morning. My name is Jessica, and I will be your conference operator today. At this time, I would like to welcome everyone to the Hardwoods Distribution Inc. First Quarter Results Conference Call. (Operator Instructions) Mr. Rob Brown, you may begin your conference.

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

Thanks, Jessica. Good morning. Welcome, everybody. Thanks for joining us this morning. I'm going to start with a brief overview of our first quarter, Faiz Karmally, our CFO, will follow with a more detailed financial review. Then I'll return to discuss our outlook going forward.

As we anticipated, it was a challenging start to the year as the company was impacted by headwinds, this included severe weather, which contributed to lost sales days in a number of our regions and some uneven market sentiment affecting U.S. construction markets. As a result, our first quarter 2019 profit and EBITDA results reflect these challenges and didn't keep pace with results from a year ago. However, I'm very pleased with what we

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