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

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Q2 2019 Hardwoods Distribution Inc Earnings Call Transcript
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Q4 2020 Hardwoods Distribution Inc Earnings Call Transcript

Mar 12, 2021 / 04:00PM GMT

Release Date Price: C$31.88 (+7.34%)

Transcript

Operator

Good morning, ladies and gentlemen, and welcome to the HDI 2020 Year-End and Q4 Results. (Operator Instructions) Also note that the call is being recorded today, Friday, March 12, 2021.

And I would like to turn the conference over to Rob Brown. Please go ahead, sir.

Robert J. Brown

Hardwoods Distribution Inc. - President, CEO & Director

Thank you, Sylvie, and good morning. Welcome, everyone. Thanks for joining us.

HDI turned in a record-breaking financial performance in 2020 as we executed on our strategies and created value for our shareholders against the backdrop of a global pandemic. I'm going to start today with a brief overview of our achievements. Faiz Karmally, our CFO, will follow with our fourth quarter and full year financial results. Then I'll return to talk about our positive outlook going forward.

I'm very pleased to report that we achieved our 11th consecutive year of growth in 2020 as we generated revenues of $1.25 billion, and we paired it with a gross margin percentage of 19.2%, a new record for us. The

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