Strong Construction Market Benefits HDI

Hardwoods Distribution Inc. (HDI) had sales of $338 million for the second quarter of 2021, an increase of 58.5 per cent compared to sales of $124.7 million in the second quarter of 2020. Gross profit climbed 82.3 per cent, or $34.3 million, to $75.9 million, with gross profit margin percentage increasing to 22.5 per cent from 19.5 per cent in the same period last year. Operating expenses as a percentage of sales were 12.4 per cent, as compared to 14.2 per cent last year.