Issue 19 – Hardwood Delivers (Part 2)


Issue 19 – Hardwood Delivers (Part 2)

A few a weeks ago, we wrote about a company called Hardwoods Distribution Inc (TSX:HWD). HWD is North America’s largest wholesale distributor of architectural grade building products for the residential and industrial construction markets. The reason we have decided to do a follow-up piece on HWD is because it reported eye-popping quarterly results, which were well above ours and the street’s expectations. The company achieved a record revenue, profit, and EBITDA for the first quarter of 2017. We are very pleased with the results. We believe it is very important understand the attribution of the company`s performance. After digging into the financials, the big highlights are:

View Full Commentary in PDF