March 12 (Reuters) - Hardwoods Distribution Inc HDI.TO :
* HDI ANNOUNCES ANNUAL AND FOURTH QUARTER 2020 RESULTS
* HARDWOODS DISTRIBUTION- THERE CAN BE A SIX-TO-NINE-MONTH LAG BETWEEN POSITIVE CONSTRUCTION DATA AND DEMAND FOR COMPANY'S PRODUCTS
* POSITIVE DATA IN LATTER HALF OF 2020 SHOULD BENEFIT HDI IN 2021
* Q4 TOTAL SALES C$308.4 MILLION VERSUS C$287.8 MILLION
* Q4 BASIC PROFIT PER SHARE C$0.36
* Q4 DILUTED PROFIT PER SHARE C$0.35
* Q4 ADJUSTED EBITDA INCREASED BY 26.9% TO $24.3 MILLION, FROM $19.1 MILLION DURING THE SAME PERIOD IN 2019