Adentra Inc (TSX:ADEN)

C$ 38.45 0.55 (1.45%) Market Cap: 862.66 Mil Enterprise Value: 1.62 Bil PE Ratio: 17.09 PB Ratio: 1.17 GF Score: 90/100

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Q1 2020 Hardwoods Distribution Inc Earnings Call Transcript

May 06, 2020 / 03:00PM GMT

Release Date Price: C$11.75 (-1.43%)

Transcript

Operator

Good afternoon. My name is Colin, and I'll be your conference operator today. At this time, I would like to welcome everyone to the HDI Q1 2020 Results Conference Call. (Operator Instructions)

Thank you. Mr. Brown, you may begin your conference.

Robert J. Brown

Hardwoods Distribution Inc. - President, CEO & Director

Thanks, Colin, and good morning. And welcome, everyone. Thanks for joining us. These are extraordinary times, and I'm sure the COVID-19 pandemic is top of mind for many people on the call today. I will speak about the pandemic and its impact on our business in a few moments. However, I wanted to start today's call with some comments related to our first quarter performance. We came into the year with positive indicators for the construction market, and our business strategies enabled us to take full advantage of these conditions. As a result, we achieved our best-ever quarterly sales result, driven by strong organic growth of 5.4% and complemented by another 6.8% of sales growth from acquired businesses.

We also recorded our

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