Aug 10, 2012. /Lesprom Network/. Hardwoods Distribution Inc. announced strong financial results for the three and six months ended June 30, 2012, as the company said in the press release received by Lesprom Network. Hardwoods is one of North America's largest wholesale distributors of hardwood lumber and related sheet good products, operating a network of 30 distribution centers in the US and Canada. Highlights: -second quarter consolidated sales increased $22.4 million, or 39.6%, year-over-year, reflecting acquisition-related growth of $14.4 million and organic growth of $8.0 million (14.1%). -gross profit increased by 37.8% - second quarter EBITDA increased to $4.1 million, up 59.9% compared to $2.5 million in the second quarter of 2011. - profit increased 57.3% to $2.4 million, from $1.5 million last year. - in recognition of continuing strong financial performance, the Board of Directors approved a quarterly dividend of $0.03 per share, payable on October 31, 2012 to shareholders of record as at October 19, 2012. "We achieved strong results in the second quarter of 2012, with our best quarterly sales and EBITDA in nearly five years," said Lance Blanco, President and CEO of Hardwoods. "Our gains reflect steady improvement in the US residential construction market, and the continued successful implementation of our market expansion strategy."