Hardwoods Distribution Inc.
is one of North America’s largest distributors of high-grade hardwood lumber and specialty sheet goods to the cabinet, millwork, furniture, and specialty wood products industries.
Since 2009, Hardwoods Distribution has achieved a significant turnaround in its operations as housing markets recovered, product prices improved, and the Company benefited from its increased efficiency. By 2012, annual sales had increased to $306 million, EBITDA to $12.3 million, and net earnings to $0.38 per share, from sales of $191 million and negative EBITDA and net earnings in 2009. The dividend was restored in August 2011, and increased to a quarterly rate of $0.035 per share in March 2013.
Read more in eResearch’s Stock Potentials report here: Hardwoods Distribution eResearch
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