Last C$10.52 CAD
Change Today -0.10 / -0.94%
Volume 33.4K
HWD On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:00 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

hardwoods distribution inc (HWD) Snapshot

Open
C$10.55
Previous Close
C$10.62
Day High
C$10.62
Day Low
C$10.45
52 Week High
02/10/14 - C$11.08
52 Week Low
05/2/13 - C$5.66
Market Cap
174.0M
Average Volume 10 Days
17.1K
EPS TTM
C$0.79
Shares Outstanding
16.5M
EX-Date
04/15/14
P/E TM
13.3x
Dividend
C$0.18
Dividend Yield
1.43%
Current Stock Chart for HARDWOODS DISTRIBUTION INC (HWD)

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hardwoods distribution inc (HWD) Details

Hardwoods Distribution Inc. is engaged in the wholesale distribution of hardwood lumber, and related sheet goods and specialty products in North America. It offers specialty 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 reconstituted architectural 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. The company serves various markets, such as home construction, renovation, non-residential construction, and institutional markets. At December 31, 2013, it operated 32 distribution facilities located in 17 states and 5 provinces throughout North America. Hardwoods Distribution Inc. is headquartered in Langley, Canada.

359 Employees
Last Reported Date: 03/10/14

hardwoods distribution inc (HWD) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$335.0K
Chief Financial Officer, Vice President, Secr...
Total Annual Compensation: C$215.0K
Vice President of Canada and Vice President o...
Total Annual Compensation: C$200.0K
Vice President of California
Total Annual Compensation: C$180.1K
Vice President of Paxton Group
Total Annual Compensation: C$145.1K
Compensation as of Fiscal Year 2012.

hardwoods distribution inc (HWD) Key Developments

Hardwoods Distribution Inc. Declares Quarterly Dividend Payable on April 30, 2014; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Hardwoods Distribution Inc. Board of Directors approved an increase in the quarterly dividend from 3.5 cents per share to 4.5 cents per share. The dividend will be paid on April 30, 2014, to shareholders of record as at April 18, 2014. The company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, total sales were CAD 91,069,000 against CAD 74,133,000 a year ago. The year-over-year improvement reflects a 17.7% increase in sales due to stronger underlying sales activity and higher product prices, together with a 5.1% increase due to the positive impact of a weaker Canadian dollar. Profit from operating activities was CAD 3,820,000 against CAD 2,067,000 a year ago. Earnings before interest, taxes, depreciation and amortization were CAD 4,216,000 against CAD 2,407,000 a year ago. This significant increase reflects higher gross profit, partially offset by increased operating expenses before depreciation. Profit for the period was CAD 2,375,000 or CAD 0.14 per diluted share against CAD 1,313,000 or CAD 0.08 per diluted share a year ago. For the year, total sales were CAD 371,215,000 against CAD 306,087,000 a year ago. Profit from operating activities was CAD 19,926,000 against CAD 11,081,000 a year ago. Earnings before interest, taxes, depreciation and amortization were CAD 21,368,000 against CAD 12,347,000 a year ago. Profit for the period was CAD 13,067,000 or CAD 0.79 per diluted share against CAD 6,179,000 or CAD 0.38 per diluted share a year ago.

Hardwoods Distribution Inc. to Report Q4, 2013 Results on Mar 10, 2014

Hardwoods Distribution Inc. announced that they will report Q4, 2013 results at 5:00 PM, Eastern Standard Time on Mar 10, 2014

Coalition of U.S. Plywood Manufacturers Files an Appeal in Trade Case Against Imported Hardwood Plywood from China

Hardwoods Distribution Inc. announced that a coalition of U.S. plywood manufacturers filed a summons with the U.S. Court of International Trade to appeal the ruling that had dismissed their trade case against Chinese hardwood plywood. The trade case was initiated on September 27, 2012 when Petitioners alleged that Chinese imports are sold in the United States at prices below cost and are subsidized by the Government of China. After over a year of investigation, on November 5, 2013 the U.S. International Trade Commission ruled unanimously against the Petitioner's case. Hardwoods strategy includes selling both imported and domestically produced hardwood plywood to satisfy the demand and diverse product preferences of its customers. The Company estimates approximately 14% of its total sales are of product imported from China that fall within the scope of this trade dispute. Hardwoods will closely follow the appeal process that has been initiated by Petitioners. It is expected a ruling from the U.S. court system will take 18 to 24 months, and that no duty liabilities related to importing Chinese hardwood plywood would arise during that period of time.

 

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Industry Analysis

HWD

Industry Average

Valuation HWD Industry Range
Price/Earnings 13.1x
Price/Sales 0.5x
Price/Book 1.9x
Price/Cash Flow 13.0x
TEV/Sales 0.4x
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