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: 95/100

Q2 2020 Hardwoods Distribution Inc Earnings Call Transcript

Aug 10, 2020 / 03:00PM GMT
Release Date Price: C$20 (+12.04%)
Operator

Good morning, ladies and gentlemen, and welcome to the HDI Q2 2020 Results Conference Call. (Operator Instructions) Also note that the call is being recorded Monday, August 10, 2020. At this time, I would like to turn the call over to Mr. Rob Brown. Please go ahead.

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

Thank you, Sylvie. Good morning, and welcome, everyone. Thanks for joining us. I'm going to start this morning with a brief overview of the highlights from our second quarter. Faiz Karmally, our CFO, will follow with our financial review. Then I'll return to discuss our outlook going forward.

We achieved strong results again this quarter, even while navigating the challenges of the COVID-19 pandemic. As most of you are aware, our business experienced an abrupt slowdown in organic sales in April as customers and markets adjusted to the new realities. Organic sales for April were off by about 20% as compared to the same month in 2019.

However, activity began to recover in May and June. And together with

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