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Last C$17.45 CAD
Change Today +0.49 / 2.89%
Volume 37.5K
HWD On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:00 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

hardwoods distribution inc (HWD) Snapshot

Open
C$17.24
Previous Close
C$16.96
Day High
C$17.49
Day Low
C$17.08
52 Week High
08/18/15 - C$18.59
52 Week Low
10/16/14 - C$9.03
Market Cap
290.6M
Average Volume 10 Days
50.4K
EPS TTM
C$1.00
Shares Outstanding
16.7M
EX-Date
10/16/15
P/E TM
17.4x
Dividend
C$0.22
Dividend Yield
1.09%
Current Stock Chart for HARDWOODS DISTRIBUTION INC (HWD)

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hardwoods distribution inc (HWD) Details

Hardwoods Distribution Inc. engages in the wholesale distribution of hardwood lumber, and plywood and related products in North America. It offers sheet goods consisting primarily of hardwood plywood; and other non-structural sheet goods, such as medium-density fiberboards, particleboards, melamine coated stock, concrete forming panels, and echo wood plywood and veneers, as well as hardwood lumber. The company also provides bamboo products; other specialty products, such as pre-finished plywood, dragon wrap moldings, dragon wrap inserts, drawer sides, and high pressure laminates; dragon ply products; and Red Grandis products. Its products are used to manufacture cabinets, furniture, millwork, moldings, signs, stamps, boats, motor coach interiors, toys, and specialty wood products. In addition, the company creates custom molding and millwork packages for customers; and produces and exports lumber. The company serves various markets, such as home construction, renovation, non-residential construction, and institutional markets. As of March 26, 2015, it operated 33 distribution facilities in the United States and Canada. Hardwoods Distribution Inc. is headquartered in Langley, Canada.

450 Employees
Last Reported Date: 03/26/15

hardwoods distribution inc (HWD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$323.0K
Chief Operating Officer and Vice President
Total Annual Compensation: C$236.0K
Vice President of Canada and Vice President o...
Total Annual Compensation: C$213.0K
Vice President of California
Total Annual Compensation: C$198.8K
Vice President of Paxton Group
Total Annual Compensation: C$160.2K
Compensation as of Fiscal Year 2014.

hardwoods distribution inc (HWD) Key Developments

Hardwoods Distribution Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Approves Quarterly Dividend Payable on October 30, 2015

Hardwoods Distribution Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total sales of CAD 143.351 million compared to CAD 119.038 million a year ago. Profit from operating activities was CAD 8.633 million compared to CAD 7.028 million a year ago. EBITDA was CAD 9.280 million compared to CAD 7.543 million a year ago. Profit for the period was CAD 5.009 million compared to CAD 3.996 million a year ago. Basic and fully diluted profit per share was CAD 0.30 compared to CAD 0.24 a year ago. The sales growth reflects success in winning new business, overall higher product prices in Canada resulting from the stronger US dollar, and other positive foreign exchange impacts. The EBITDA gain reflects the increase in gross profit, partially offset by higher expenses. For the six months, the company reported total sales of CAD 278.467 million compared to CAD 219.972 million a year ago. Profit from operating activities was CAD 15.708 million compared to CAD 11.693 million a year ago. EBITDA was CAD 16.926 million compared to CAD 12.646 million a year ago. Profit for the period was CAD 9.722 million compared to CAD 6.961 million a year ago. Basic and fully diluted profit per share was CAD 0.58 compared to CAD 0.42 a year ago. The 33.8% increase in EBITDA reflects higher gross profit, partially offset by higher expenses before depreciation and amortization. The company announced that it has approved a quarterly dividend of CAD 0.055 per share, payable on October 30, 2015 to shareholders of record as at October 20, 2015.

Hardwoods Distribution Plans Acquisitions

Hardwoods Distribution Inc. (TSX:HWD) plans to make acquisitions. Chief Executive Officer of the company, Lance Blanco said: "We are in excellent shape financially and well positioned to take advantage of future growth opportunities, including acquisition opportunities within our highly fragmented industry. Our outlook remains positive and we are pleased to declare another quarterly dividend of $0.055 per share." Hardwoods will also continue to pursue well-priced acquisition opportunities that support its strategic objectives. The Board of Directors will continue to review financial performance and assess distribution levels on a regular basis, however the primary focus in 2015 will be on retaining the cash necessary to finance the significant market growth opportunity in the US and to keep the Company's balance sheet strong to support strategic acquisitions.

Hardwoods Distribution Inc. to Report Q2, 2015 Results on Aug 13, 2015

Hardwoods Distribution Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 13, 2015

 

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Industry Analysis

HWD

Industry Average

Valuation HWD Industry Range
Price/Earnings 15.9x
Price/Sales 0.5x
Price/Book 2.2x
Price/Cash Flow 15.9x
TEV/Sales -- Not Meaningful
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