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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Q2 2021 Hardwoods Distribution Inc Earnings Call Transcript

Aug 09, 2021 / 03:00PM GMT

Release Date Price: C$38.3 (+7.52%)

Transcript

Operator

Good morning, ladies and gentlemen, and welcome to the HDI Q2 2021 Results Conference Call. (Operator Instructions) This call is being recorded on Monday, August 9, 2021.

I would now like to turn the conference over to Mr. Rob Brown. Please go ahead.

Robert J. Brown

Hardwoods Distribution Inc. - President, CEO & Director

Thanks for that rousing introduction, Ash. Good morning, everyone. Welcome. Thanks for joining us.

The second quarter brought significant financial and operational achievements for HDI. I'll start today with some of the highlights. Faiz Karmally, our CFO, will follow. He'll provide a financial review, and I'll return and I'll discuss our outlook going forward.

I'm very pleased to report that we accelerated the record-setting pace we established in the first quarter by generating even better results in Q2. This included new all-time record highs for sales, gross margin percentage, adjusted EBITDA and profit.

On the market front, we continue to benefit from a very strong construction environment in the

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