Hardwoods Distribution Numbers Skyrocket

Hardwoods Distribution Inc. saw net sales increase by 107.2 per cent to $700.3 million on a year-over-year basis. Profit increased by 102.6 per cent from $77.9 million to $153.8 million over the same period. The strong numbers are credited to the company’s Mid-Am and Novo operation that have brought important scale and access to new geographies, as well as strong organic growth due to higher consumer demand. Canadian sales increase by 20.6 per cent on a year-over-year basis.