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BRIEF-HDI Q1 Earnings Per Share C$0.28

Published 2019-05-09, 06:25 p/m
© Reuters.  BRIEF-HDI Q1 Earnings Per Share C$0.28
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May 9 (Reuters) - Hardwoods Distribution Inc HDI.TO :

* HDI ANNOUNCES FIRST QUARTER 2019 RESULTS

* Q1 EARNINGS PER SHARE C$0.28

* Q1 SALES ROSE 6 PERCENT TO $287.1 MILLION

* LONGER-TERM VIEW ON US CONSTRUCTION DEMAND REMAINS POSITIVE

* CONTINUES TO VIEW RECENT SOFTNESS IN U.S. HOUSING MARKETS AS A TEMPORARY PAUSE AND NOT A DIRECTIONAL CHANGE

* ANTICIPATES SALES GROWTH AND GROSS MARGIN PERCENTAGE IMPROVEMENT LATER IN YEAR IN U.S. HOUSING MARKETS

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