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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Q1 2021 Hardwoods Distribution Inc Earnings Call Transcript

May 13, 2021 / 03:00PM GMT

Release Date Price: C$35.05 (+0.40%)

Transcript

Operator

Good morning, ladies and gentlemen, and welcome to the HDI Q1 2021 Results Conference Call. (Operator Instructions) This call is being recorded on May 13, 2021. I would now like to turn the conference over to Rob Brown, President and CEO. Please go ahead.

Robert J. Brown

Hardwoods Distribution Inc. - President, CEO & Director

Thanks, Joanna. Good morning. Welcome, everyone. Thanks for joining us. I'm going to begin this morning with a quick overview of some of the financial and operating highlights for the quarter. Faiz Karmally, our CFO, will follow with a more detailed financial review. Then I'll return to discuss our outlook going forward. Before we begin, a reminder that, as previously announced, we're reporting our results in U.S. dollars, effective January 1, 2021, given approximately 90% of our revenues come from the U.S., this is considered an appropriate currency for reporting purposes. Note that comparative numbers have been recast to conform with this presentation.

In 2020, HDI achieved record-setting financial performance, and we've

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