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ET Q q 0 0 0 rg BT 168.78 740.70 Td (benefited ) Tj ET Q q 0 0 0 rg BT 215.93 740.70 Td (from ) Tj ET Q q 0 0 0 rg BT 241.75 740.70 Td (the ) Tj ET Q q 0 0 0 rg BT 258.91 740.70 Td (reduction ) Tj ET Q q 0 0 0 rg BT 306.73 740.70 Td (in ) Tj ET Q q 0 0 0 rg BT 318.56 740.70 Td (US ) Tj ET Q q 0 0 0 rg BT 336.40 740.70 Td (corporate ) Tj ET Q q 0 0 0 rg BT 384.20 740.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 401.36 740.70 Td (rates, ) Tj ET Q q 0 0 0 rg BT 434.84 740.70 Td (said ) Tj ET Q q 0 0 0 rg BT 456.67 740.70 Td (Rob ) Tj ET Q q 0 0 0 rg BT 479.17 740.70 Td (Brown, ) Tj ET Q q 0 0 0 rg BT 517.33 740.70 Td (President ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 719.80 Td (and ) Tj ET Q q 0 0 0 rg BT 70.33 719.80 Td (CEO ) Tj ET Q q 0 0 0 rg BT 97.33 719.80 Td (of ) Tj ET Q q 0 0 0 rg BT 110.32 719.80 Td (HDI. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 692.95 Td (These ) Tj ET Q q 0 0 0 rg BT 87.82 692.95 Td (results ) Tj ET Q q 0 0 0 rg BT 123.00 692.95 Td (represent ) Tj ET Q q 0 0 0 rg BT 170.82 692.95 Td (our ) Tj ET Q q 0 0 0 rg BT 190.66 692.95 Td (seventh ) Tj ET Q q 0 0 0 rg BT 231.16 692.95 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 291.65 692.95 Td (year ) Tj ET Q q 0 0 0 rg BT 316.14 692.95 Td (of ) Tj ET Q q 0 0 0 rg BT 329.98 692.95 Td (top ) Tj ET Q q 0 0 0 rg BT 349.16 692.95 Td (and ) Tj ET Q q 0 0 0 rg BT 370.33 692.95 Td (bottom-line ) Tj ET Q q 0 0 0 rg BT 430.17 692.95 Td (growth. ) Tj ET Q q 0 0 0 rg BT 471.01 692.95 Td (Between ) Tj ET Q q 0 0 0 rg BT 516.84 692.95 Td (2012 ) Tj ET Q q 0 0 0 rg BT 544.69 692.95 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 672.05 Td (2018, ) Tj ET Q q 0 0 0 rg BT 79.21 672.05 Td (our ) Tj ET Q q 0 0 0 rg BT 97.41 672.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 142.26 672.05 Td (have ) Tj ET Q q 0 0 0 rg BT 167.12 672.05 Td (grown ) Tj ET Q q 0 0 0 rg BT 199.99 672.05 Td (from ) Tj ET Q q 0 0 0 rg BT 225.53 672.05 Td ($306 ) Tj ET Q q 0 0 0 rg BT 251.73 672.05 Td (million ) Tj ET Q q 0 0 0 rg BT 288.61 672.05 Td (to ) Tj ET Q q 0 0 0 rg BT 300.15 672.05 Td ($1.135 ) Tj ET Q q 0 0 0 rg BT 335.36 672.05 Td (billion, ) Tj ET Q q 0 0 0 rg BT 371.90 672.05 Td (representing ) Tj ET Q q 0 0 0 rg BT 433.42 672.05 Td (a ) Tj ET Q q 0 0 0 rg BT 440.95 672.05 Td (compound ) Tj ET Q q 0 0 0 rg BT 493.82 672.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 528.02 672.05 Td (growth ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 651.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 71.25 651.20 Td (of ) Tj ET Q q 0 0 0 rg BT 84.51 651.20 Td (20.6%. ) Tj ET Q q 0 0 0 rg BT 121.78 651.20 Td ( ) Tj ET Q q 0 0 0 rg BT 125.05 651.20 Td (During ) Tj ET Q q 0 0 0 rg BT 162.31 651.20 Td (this ) Tj ET Q q 0 0 0 rg BT 182.92 651.20 Td (same ) Tj ET Q q 0 0 0 rg BT 210.84 651.20 Td (time ) Tj ET Q q 0 0 0 rg BT 235.44 651.20 Td (frame, ) Tj ET Q q 0 0 0 rg BT 269.68 651.20 Td (our ) Tj ET Q q 0 0 0 rg BT 288.23 651.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 334.83 651.20 Td (diluted ) Tj ET Q q 0 0 0 rg BT 371.42 651.20 Td (profit ) Tj ET Q q 0 0 0 rg BT 401.35 651.20 Td (has ) Tj ET Q q 0 0 0 rg BT 420.61 651.20 Td (climbed ) Tj ET Q q 0 0 0 rg BT 462.54 651.20 Td (from ) Tj ET Q q 0 0 0 rg BT 489.13 651.20 Td ($0.38 ) Tj ET Q q 0 0 0 rg BT 519.40 651.20 Td (to ) Tj ET Q q 0 0 0 rg BT 532.00 651.20 Td ($1.61, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 630.30 Td (representing ) Tj ET Q q 0 0 0 rg BT 112.31 630.30 Td (a ) Tj ET Q q 0 0 0 rg BT 120.63 630.30 Td (22.9% ) Tj ET Q q 0 0 0 rg BT 154.63 630.30 Td (compound ) Tj ET Q q 0 0 0 rg BT 208.29 630.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 243.28 630.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 280.27 630.30 Td (rate.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 599.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 77.38 599.40 Td (record ) Tj ET Q q 0 0 0 rg BT 111.41 599.40 Td (2018 ) Tj ET Q q 0 0 0 rg BT 138.80 599.40 Td (sales ) Tj ET Q q 0 0 0 rg BT 165.52 599.40 Td (results ) Tj ET Q q 0 0 0 rg BT 200.24 599.40 Td (were ) Tj ET Q q 0 0 0 rg BT 226.94 599.40 Td (achieved ) Tj ET Q q 0 0 0 rg BT 272.97 599.40 Td (despite ) Tj ET Q q 0 0 0 rg BT 310.35 599.40 Td (a ) Tj ET Q q 0 0 0 rg BT 319.07 599.40 Td (recent ) Tj ET Q q 0 0 0 rg BT 351.76 599.40 Td (softening ) Tj ET Q q 0 0 0 rg BT 399.81 599.40 Td (in ) Tj ET Q q 0 0 0 rg BT 412.54 599.40 Td (the ) Tj ET Q q 0 0 0 rg BT 430.59 599.40 Td (US ) Tj ET Q q 0 0 0 rg BT 449.32 599.40 Td (residential ) Tj ET Q q 0 0 0 rg BT 502.69 599.40 Td (construction ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 578.55 Td (market, ) Tj ET Q q 0 0 0 rg BT 93.64 578.55 Td (related ) Tj ET Q q 0 0 0 rg BT 133.60 578.55 Td (to ) Tj ET Q q 0 0 0 rg BT 150.26 578.55 Td (af) Tj ET Q q 0 0 0 rg BT 159.36 578.55 Td (fordability ) Tj ET Q q 0 0 0 rg BT 217.34 578.55 Td (challenges ) Tj ET Q q 0 0 0 rg BT 275.30 578.55 Td (and ) Tj ET Q q 0 0 0 rg BT 299.95 578.55 Td (general ) Tj ET Q q 0 0 0 rg BT 342.58 578.55 Td (market ) Tj ET Q q 0 0 0 rg BT 383.22 578.55 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 436.41 578.55 Td (. ) Tj ET Q q 0 0 0 rg BT 446.74 578.55 Td (Our ) Tj ET Q q 0 0 0 rg BT 472.72 578.55 Td (broad ) Tj ET Q q 0 0 0 rg BT 507.36 578.55 Td (end-market ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 557.65 Td (diversification ) Tj ET Q q 0 0 0 rg BT 122.81 557.65 Td (and ) Tj ET Q q 0 0 0 rg BT 143.63 557.65 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 217.11 557.65 Td (non-commodity ) Tj ET Q q 0 0 0 rg BT 297.27 557.65 Td (product ) Tj ET Q q 0 0 0 rg BT 337.42 557.65 Td (mix, ) Tj ET Q q 0 0 0 rg BT 362.58 557.65 Td (together ) Tj ET Q q 0 0 0 rg BT 405.40 557.65 Td (with ) Tj ET Q q 0 0 0 rg BT 430.23 557.65 Td (our ) Tj ET Q q 0 0 0 rg BT 449.72 557.65 Td (strategic ) Tj ET Q q 0 0 0 rg BT 493.86 557.65 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 544.69 557.65 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 536.80 Td (price ) Tj ET Q q 0 0 0 rg BT 77.51 536.80 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 140.34 536.80 Td (on ) Tj ET Q q 0 0 0 rg BT 155.87 536.80 Td (some ) Tj ET Q q 0 0 0 rg BT 184.73 536.80 Td (product ) Tj ET Q q 0 0 0 rg BT 224.92 536.80 Td (lines, ) Tj ET Q q 0 0 0 rg BT 254.11 536.80 Td (counteracted ) Tj ET Q q 0 0 0 rg BT 318.93 536.80 Td (these ) Tj ET Q q 0 0 0 rg BT 347.12 536.80 Td (conditions ) Tj ET Q q 0 0 0 rg BT 400.64 536.80 Td (and ) Tj ET Q q 0 0 0 rg BT 421.50 536.80 Td (enabled ) Tj ET Q q 0 0 0 rg BT 462.34 536.80 Td (us ) Tj ET Q q 0 0 0 rg BT 476.54 536.80 Td (to ) Tj ET Q q 0 0 0 rg BT 489.40 536.80 Td (deliver ) Tj ET Q q 0 0 0 rg BT 526.25 536.80 Td (or) Tj ET Q q 0 0 0 rg BT 536.03 536.80 Td (ganic ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 515.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 76.01 515.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 112.70 515.90 Td (of ) Tj ET Q q 0 0 0 rg BT 125.38 515.90 Td ($64.1 ) Tj ET Q q 0 0 0 rg BT 155.07 515.90 Td (million, ) Tj ET Q q 0 0 0 rg BT 195.43 515.90 Td (or ) Tj ET Q q 0 0 0 rg BT 208.11 515.90 Td (6.1% ) Tj ET Q q 0 0 0 rg BT 235.80 515.90 Td (million, ) Tj ET Q q 0 0 0 rg BT 276.15 515.90 Td (in ) Tj ET Q q 0 0 0 rg BT 288.18 515.90 Td (2018. ) Tj ET Q q 0 0 0 rg BT 317.27 515.90 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 380.63 515.90 Td (also ) Tj ET Q q 0 0 0 rg BT 402.65 515.90 Td (drove ) Tj ET Q q 0 0 0 rg BT 432.66 515.90 Td (our ) Tj ET Q q 0 0 0 rg BT 451.34 515.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 477.35 515.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 540.67 515.90 Td (with ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 495.00 Td (our ) Tj ET Q q 0 0 0 rg BT 69.77 495.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 97.54 495.00 Td (purchases ) Tj ET Q q 0 0 0 rg BT 148.62 495.00 Td (of ) Tj ET Q q 0 0 0 rg BT 162.39 495.00 Td (Eagle ) Tj ET Q q 0 0 0 rg BT 193.48 495.00 Td (Plywood ) Tj ET Q q 0 0 0 rg BT 239.92 495.00 Td (and ) Tj ET Q q 0 0 0 rg BT 261.02 495.00 Td (Lumber ) Tj ET Q q 0 0 0 rg BT 302.77 495.00 Td (and ) Tj ET Q q 0 0 0 rg BT 323.87 495.00 Td (Downes ) Tj ET Q q 0 0 0 rg BT 366.97 495.00 Td (& ) Tj ET Q q 0 0 0 rg BT 380.07 495.00 Td (Reader ) Tj ET Q q 0 0 0 rg BT 417.82 495.00 Td (Hardwood ) Tj ET Q q 0 0 0 rg BT 472.25 495.00 Td (Company) Tj ET Q q 0 0 0 rg BT 518.13 495.00 Td (, ) Tj ET Q q 0 0 0 rg BT 524.90 495.00 Td (and ) Tj ET Q q 0 0 0 rg BT 546.00 495.00 Td (our ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 474.15 Td (2018 ) Tj ET Q q 0 0 0 rg BT 76.58 474.15 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 131.82 474.15 Td (of ) Tj ET Q q 0 0 0 rg BT 144.40 474.15 Td (certain ) Tj ET Q q 0 0 0 rg BT 179.63 474.15 Td (distribution ) Tj ET Q q 0 0 0 rg BT 237.55 474.15 Td (assets ) Tj ET Q q 0 0 0 rg BT 268.12 474.15 Td (of ) Tj ET Q q 0 0 0 rg BT 280.13 474.15 Td (Atlanta ) Tj ET Q q 0 0 0 rg BT 318.04 474.15 Td (Hardwoods ) Tj ET Q q 0 0 0 rg BT 375.94 474.15 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 436.52 474.15 Td (contributing ) Tj ET Q q 0 0 0 rg BT 497.76 474.15 Td ($26.5 ) Tj ET Q q 0 0 0 rg BT 527.34 474.15 Td (million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 453.25 Td (or ) Tj ET Q q 0 0 0 rg BT 63.00 453.25 Td (a ) Tj ET Q q 0 0 0 rg BT 71.32 453.25 Td (2.5% ) Tj ET Q q 0 0 0 rg BT 99.32 453.25 Td (year) Tj ET Q q 0 0 0 rg BT 119.73 453.25 Td (-over) Tj ET Q q 0 0 0 rg BT 144.80 453.25 Td (-year ) Tj ET Q q 0 0 0 rg BT 172.45 453.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 214.75 453.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.09 453.25 Td (sales.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 422.40 Td (As ) Tj ET Q q 0 0 0 rg BT 71.32 422.40 Td (it ) Tj ET Q q 0 0 0 rg BT 80.64 422.40 Td (relates ) Tj ET Q q 0 0 0 rg BT 114.61 422.40 Td (to ) Tj ET Q q 0 0 0 rg BT 126.61 422.40 Td (our ) Tj ET Q q 0 0 0 rg BT 145.26 422.40 Td (bottom ) Tj ET Q q 0 0 0 rg BT 181.92 422.40 Td (line, ) Tj ET Q q 0 0 0 rg BT 205.57 422.40 Td (a ) Tj ET Q q 0 0 0 rg BT 213.55 422.40 Td (mix ) Tj ET Q q 0 0 0 rg BT 234.88 422.40 Td (of ) Tj ET Q q 0 0 0 rg BT 247.53 422.40 Td (new ) Tj ET Q q 0 0 0 rg BT 270.18 422.40 Td (US ) Tj ET Q q 0 0 0 rg BT 288.18 422.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 305.50 422.40 Td (and ) Tj ET Q q 0 0 0 rg BT 325.48 422.40 Td (trade ) Tj ET Q q 0 0 0 rg BT 352.12 422.40 Td (policies ) Tj ET Q q 0 0 0 rg BT 392.10 422.40 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 443.41 422.40 Td (netted ) Tj ET Q q 0 0 0 rg BT 475.39 422.40 Td (out ) Tj ET Q q 0 0 0 rg BT 493.38 422.40 Td (favourably ) Tj ET Q q 0 0 0 rg BT 548.02 422.40 Td (for ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 401.50 Td (HDI ) Tj ET Q q 0 0 0 rg BT 74.39 401.50 Td (in ) Tj ET Q q 0 0 0 rg BT 86.78 401.50 Td (2018, ) Tj ET Q q 0 0 0 rg BT 116.84 401.50 Td (with ) Tj ET Q q 0 0 0 rg BT 141.24 401.50 Td (the ) Tj ET Q q 0 0 0 rg BT 158.96 401.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 212.67 401.50 Td (reduction ) Tj ET Q q 0 0 0 rg BT 261.05 401.50 Td (in ) Tj ET Q q 0 0 0 rg BT 273.44 401.50 Td (the ) Tj ET Q q 0 0 0 rg BT 291.16 401.50 Td (US ) Tj ET Q q 0 0 0 rg BT 309.56 401.50 Td (corporate ) Tj ET Q q 0 0 0 rg BT 357.93 401.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 375.65 401.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 396.69 401.50 Td (of) Tj ET Q q 0 0 0 rg BT 406.47 401.50 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 445.52 401.50 Td (the ) Tj ET Q q 0 0 0 rg BT 463.24 401.50 Td (negative ) Tj ET Q q 0 0 0 rg BT 506.95 401.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 535.35 401.50 Td (profit ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 380.60 Td (mar) Tj ET Q q 0 0 0 rg BT 68.44 380.60 Td (gin ) Tj ET Q q 0 0 0 rg BT 87.47 380.60 Td (impacts ) Tj ET Q q 0 0 0 rg BT 128.50 380.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.19 380.60 Td (newly ) Tj ET Q q 0 0 0 rg BT 175.22 380.60 Td (implemented ) Tj ET Q q 0 0 0 rg BT 241.57 380.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 269.25 380.60 Td (barriers. ) Tj ET Q q 0 0 0 rg BT 311.78 380.60 Td (As ) Tj ET Q q 0 0 0 rg BT 328.82 380.60 Td (we ) Tj ET Q q 0 0 0 rg BT 346.51 380.60 Td (move ) Tj ET Q q 0 0 0 rg BT 376.87 380.60 Td (forward, ) Tj ET Q q 0 0 0 rg BT 421.55 380.60 Td (we ) Tj ET Q q 0 0 0 rg BT 439.24 380.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 474.25 380.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.62 380.60 Td (impacts ) Tj ET Q q 0 0 0 rg BT 533.64 380.60 Td (of ) Tj ET Q q 0 0 0 rg BT 547.34 380.60 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 359.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 76.98 359.75 Td (barriers ) Tj ET Q q 0 0 0 rg BT 116.63 359.75 Td (on ) Tj ET Q q 0 0 0 rg BT 131.63 359.75 Td (our ) Tj ET Q q 0 0 0 rg BT 150.62 359.75 Td (business ) Tj ET Q q 0 0 0 rg BT 194.29 359.75 Td (will ) Tj ET Q q 0 0 0 rg BT 215.96 359.75 Td (gradually ) Tj ET Q q 0 0 0 rg BT 264.28 359.75 Td (subside.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 328.85 Td (I ) Tj ET Q q 0 0 0 rg BT 61.35 328.85 Td (am ) Tj ET Q q 0 0 0 rg BT 78.03 328.85 Td (pleased ) Tj ET Q q 0 0 0 rg BT 116.03 328.85 Td (to ) Tj ET Q q 0 0 0 rg BT 127.39 328.85 Td (note ) Tj ET Q q 0 0 0 rg BT 150.07 328.85 Td (that ) Tj ET Q q 0 0 0 rg BT 170.09 328.85 Td (in ) Tj ET Q q 0 0 0 rg BT 181.45 328.85 Td (addition ) Tj ET Q q 0 0 0 rg BT 222.80 328.85 Td (to ) Tj ET Q q 0 0 0 rg BT 234.16 328.85 Td (achieving ) Tj ET Q q 0 0 0 rg BT 282.83 328.85 Td (record ) Tj ET Q q 0 0 0 rg BT 315.49 328.85 Td (top ) Tj ET Q q 0 0 0 rg BT 332.85 328.85 Td (and ) Tj ET Q q 0 0 0 rg BT 352.20 328.85 Td (bottom ) Tj ET Q q 0 0 0 rg BT 388.22 328.85 Td (line ) Tj ET Q q 0 0 0 rg BT 408.24 328.85 Td (results ) Tj ET Q q 0 0 0 rg BT 441.59 328.85 Td (in ) Tj ET Q q 0 0 0 rg BT 452.95 328.85 Td (2018, ) Tj ET Q q 0 0 0 rg BT 481.97 328.85 Td (we ) Tj ET Q q 0 0 0 rg BT 497.99 328.85 Td (also ) Tj ET Q q 0 0 0 rg BT 519.34 328.85 Td (provided ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 308.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 96.95 308.00 Td (with ) Tj ET Q q 0 0 0 rg BT 121.89 308.00 Td (a ) Tj ET Q q 0 0 0 rg BT 130.84 308.00 Td (10% ) Tj ET Q q 0 0 0 rg BT 156.45 308.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 199.37 308.00 Td (to ) Tj ET Q q 0 0 0 rg BT 212.32 308.00 Td (our ) Tj ET Q q 0 0 0 rg BT 231.93 308.00 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 285.21 308.00 Td (which ) Tj ET Q q 0 0 0 rg BT 318.15 308.00 Td (we ) Tj ET Q q 0 0 0 rg BT 335.76 308.00 Td (announced ) Tj ET Q q 0 0 0 rg BT 391.35 308.00 Td (in ) Tj ET Q q 0 0 0 rg BT 403.50 308.00 Td (August. ) Tj ET Q q 0 0 0 rg BT 444.52 308.00 Td (This ) Tj ET Q q 0 0 0 rg BT 469.47 308.00 Td (brought ) Tj ET Q q 0 0 0 rg BT 510.42 308.00 Td (our ) Tj ET Q q 0 0 0 rg BT 530.03 308.00 Td (annual ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 95.34 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.02 287.10 Td ($0.32 ) Tj ET Q q 0 0 0 rg BT 138.36 287.10 Td (per ) Tj ET Q q 0 0 0 rg BT 157.03 287.10 Td (share ) Tj ET Q q 0 0 0 rg BT 185.69 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.36 287.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 265.01 287.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.35 287.10 Td (seventh ) Tj ET Q q 0 0 0 rg BT 324.35 287.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 369.68 287.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 412.33 287.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.01 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.02 287.10 Td (past ) Tj ET Q q 0 0 0 rg BT 465.69 287.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 496.36 287.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 533.35 287.10 Td (added ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 266.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 64.00 266.20 Td (. ) Tj ET Q q 0 0 0 rg BT 70.00 266.20 Td (Brown.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 235.35 Td (Outlook) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 50.00 202.45 Td (2019 ) Tj ET Q q 0 0 0 rg BT 77.00 202.45 Td (Market ) Tj ET Q q 0 0 0 rg BT 114.65 202.45 Td (Outlook) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 169.60 Td (HDI's ) Tj ET Q q 0 0 0 rg BT 81.60 169.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 132.36 169.60 Td (view ) Tj ET Q q 0 0 0 rg BT 159.13 169.60 Td (on ) Tj ET Q q 0 0 0 rg BT 174.56 169.60 Td (US ) Tj ET Q q 0 0 0 rg BT 193.34 169.60 Td (housing ) Tj ET Q q 0 0 0 rg BT 234.79 169.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 276.21 169.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 317.64 169.60 Td (positive, ) Tj ET Q q 0 0 0 rg BT 362.08 169.60 Td (supported ) Tj ET Q q 0 0 0 rg BT 412.84 169.60 Td (by ) Tj ET Q q 0 0 0 rg BT 428.28 169.60 Td (the ) Tj ET Q q 0 0 0 rg BT 446.38 169.60 Td (current ) Tj ET Q q 0 0 0 rg BT 483.80 169.60 Td (level ) Tj ET Q q 0 0 0 rg BT 510.56 169.60 Td (of ) Tj ET Q q 0 0 0 rg BT 523.99 169.60 Td (housing ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 148.70 Td (starts ) Tj ET Q q 0 0 0 rg BT 78.36 148.70 Td (relative ) Tj ET Q q 0 0 0 rg BT 117.36 148.70 Td (to ) Tj ET Q q 0 0 0 rg BT 129.72 148.70 Td (the ) Tj ET Q q 0 0 0 rg BT 147.41 148.70 Td (long-term ) Tj ET Q q 0 0 0 rg BT 197.76 148.70 Td (average, ) Tj ET Q q 0 0 0 rg BT 241.09 148.70 Td (low ) Tj ET Q q 0 0 0 rg BT 262.12 148.70 Td (levels ) Tj ET Q q 0 0 0 rg BT 293.13 148.70 Td (of ) Tj ET Q q 0 0 0 rg BT 306.16 148.70 Td (current ) Tj ET Q q 0 0 0 rg BT 343.17 148.70 Td (housing ) Tj ET Q q 0 0 0 rg BT 384.20 148.70 Td (inventory ) Tj ET Q q 0 0 0 rg BT 433.21 148.70 Td (due ) Tj ET Q q 0 0 0 rg BT 453.57 148.70 Td (to ) Tj ET Q q 0 0 0 rg BT 465.93 148.70 Td (the ) Tj ET Q q 0 0 0 rg BT 483.62 148.70 Td (slow ) Tj ET Q q 0 0 0 rg BT 509.32 148.70 Td (pace ) Tj ET Q q 0 0 0 rg BT 534.32 148.70 Td (of ) Tj ET Q q 0 0 0 rg BT 547.35 148.70 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 127.80 Td (recovery) Tj ET Q q 0 0 0 rg BT 91.19 127.80 Td (, ) Tj ET Q q 0 0 0 rg BT 96.19 127.80 Td (and ) Tj ET Q q 0 0 0 rg BT 115.52 127.80 Td (the ) Tj ET Q q 0 0 0 rg BT 132.18 127.80 Td (favourable ) Tj ET Q q 0 0 0 rg BT 185.48 127.80 Td (demographic ) Tj ET Q q 0 0 0 rg BT 250.12 127.80 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 320.75 127.80 Td (of ) Tj ET Q q 0 0 0 rg BT 332.74 127.80 Td (US ) Tj ET Q q 0 0 0 rg BT 350.08 127.80 Td (consumers. ) Tj ET Q q 0 0 0 rg BT 406.40 127.80 Td (In ) Tj ET Q q 0 0 0 rg BT 418.40 127.80 Td (the ) Tj ET Q q 0 0 0 rg BT 435.06 127.80 Td (near ) Tj ET Q q 0 0 0 rg BT 457.71 127.80 Td (term, ) Tj ET Q q 0 0 0 rg BT 484.70 127.80 Td (most ) Tj ET Q q 0 0 0 rg BT 510.03 127.80 Td (forecasters ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 106.95 Td (are ) Tj ET Q q 0 0 0 rg BT 67.94 106.95 Td (predicting ) Tj ET Q q 0 0 0 rg BT 119.88 106.95 Td (at ) Tj ET Q q 0 0 0 rg BT 131.83 106.95 Td (least ) Tj ET Q q 0 0 0 rg BT 157.12 106.95 Td (a ) Tj ET Q q 0 0 0 rg BT 165.73 106.95 Td (modest ) Tj ET Q q 0 0 0 rg BT 203.69 106.95 Td (level ) Tj ET Q q 0 0 0 rg BT 230.30 106.95 Td (of ) Tj ET Q q 0 0 0 rg BT 243.59 106.95 Td (growth ) Tj ET Q q 0 0 0 rg BT 280.88 106.95 Td (for ) Tj ET Q q 0 0 0 rg BT 298.16 106.95 Td (residential ) Tj ET Q q 0 0 0 rg BT 351.43 106.95 Td (construction ) Tj ET Q q 0 0 0 rg BT 414.04 106.95 Td (in ) Tj ET Q q 0 0 0 rg BT 426.67 106.95 Td (2019. ) Tj ET Q q 0 0 0 rg BT 456.96 106.95 Td (In ) Tj ET Q q 0 0 0 rg BT 470.25 106.95 Td (addition, ) Tj ET Q q 0 0 0 rg BT 515.87 106.95 Td (Harvard's ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 86.05 Td (Center ) Tj ET Q q 0 0 0 rg BT 83.95 86.05 Td (for ) Tj ET Q q 0 0 0 rg BT 99.91 86.05 Td (Joint ) Tj ET Q q 0 0 0 rg BT 125.22 86.05 Td (Housing ) Tj ET Q q 0 0 0 rg BT 167.86 86.05 Td (predicts ) Tj ET Q q 0 0 0 rg BT 207.81 86.05 Td (5.2% ) Tj ET Q q 0 0 0 rg BT 234.77 86.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 270.74 86.05 Td (for ) Tj ET Q q 0 0 0 rg BT 286.70 86.05 Td (the ) Tj ET Q q 0 0 0 rg BT 303.32 86.05 Td (US ) Tj ET Q q 0 0 0 rg BT 320.63 86.05 Td (repair ) Tj ET Q q 0 0 0 rg BT 350.58 86.05 Td (and ) Tj ET Q q 0 0 0 rg BT 369.87 86.05 Td (renovation ) Tj ET Q q 0 0 0 rg BT 423.15 86.05 Td (market. ) Tj ET Q q 0 0 0 rg BT 461.44 86.05 Td (In ) Tj ET Q q 0 0 0 rg BT 473.40 86.05 Td (the ) Tj ET Q q 0 0 0 rg BT 490.03 86.05 Td (non-residential ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 65.20 Td (construction ) Tj ET Q q 0 0 0 rg BT 111.95 65.20 Td (market, ) Tj ET Q q 0 0 0 rg BT 150.89 65.20 Td (spending ) Tj ET Q q 0 0 0 rg BT 196.85 65.20 Td (is ) Tj ET Q q 0 0 0 rg BT 207.48 65.20 Td (expected ) Tj ET Q q 0 0 0 rg BT 252.74 65.20 Td (to ) Tj ET Q q 0 0 0 rg BT 264.70 65.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 308.65 65.20 Td (growing ) Tj ET Q q 0 0 0 rg BT 351.27 65.20 Td (in ) Tj ET Q q 0 0 0 rg BT 363.23 65.20 Td (2019, ) Tj ET Q q 0 0 0 rg BT 392.86 65.20 Td (with ) Tj ET Q q 0 0 0 rg BT 416.82 65.20 Td (consensus ) Tj ET Q q 0 0 0 rg BT 468.11 65.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 504.73 65.20 Td (estimates ) Tj ET Q q 0 0 0 rg BT 552.01 65.20 Td (of ) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 30.20 Td (3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (4.4% ) Tj ET Q q 0 0 0 rg BT 77.60 740.70 Td (as ) Tj ET Q q 0 0 0 rg BT 90.20 740.70 Td (per ) Tj ET Q q 0 0 0 rg BT 108.12 740.70 Td (the ) Tj ET Q q 0 0 0 rg BT 124.81 740.70 Td (American ) Tj ET Q q 0 0 0 rg BT 174.72 740.70 Td (Institute ) Tj ET Q q 0 0 0 rg BT 216.65 740.70 Td (of ) Tj ET Q q 0 0 0 rg BT 228.68 740.70 Td (Architects. ) Tj ET Q q 0 0 0 rg BT 283.59 740.70 Td (In ) Tj ET Q q 0 0 0 rg BT 296.19 740.70 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 337.78 740.70 Td (HDI ) Tj ET Q q 0 0 0 rg BT 361.71 740.70 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 415.62 740.70 Td (nominal ) Tj ET Q q 0 0 0 rg BT 457.56 740.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 494.15 740.70 Td (across ) Tj ET Q q 0 0 0 rg BT 526.75 740.70 Td (its ) Tj ET Q q 0 0 0 rg BT 540.69 740.70 Td (end-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 719.80 Td (markets.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 686.95 Td (HDI's ) Tj ET Q q 0 0 0 rg BT 81.69 686.95 Td (business, ) Tj ET Q q 0 0 0 rg BT 128.89 686.95 Td (both ) Tj ET Q q 0 0 0 rg BT 153.75 686.95 Td (in ) Tj ET Q q 0 0 0 rg BT 166.62 686.95 Td (the ) Tj ET Q q 0 0 0 rg BT 184.81 686.95 Td (US ) Tj ET Q q 0 0 0 rg BT 203.68 686.95 Td (and ) Tj ET Q q 0 0 0 rg BT 224.54 686.95 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 267.05 686.95 Td (is ) Tj ET Q q 0 0 0 rg BT 278.58 686.95 Td (well ) Tj ET Q q 0 0 0 rg BT 302.77 686.95 Td (diversified ) Tj ET Q q 0 0 0 rg BT 357.62 686.95 Td (across ) Tj ET Q q 0 0 0 rg BT 391.14 686.95 Td (new ) Tj ET Q q 0 0 0 rg BT 414.66 686.95 Td (residential ) Tj ET Q q 0 0 0 rg BT 468.17 686.95 Td (construction, ) Tj ET Q q 0 0 0 rg BT 534.02 686.95 Td (repair ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 666.05 Td (and ) Tj ET Q q 0 0 0 rg BT 69.46 666.05 Td (remodel, ) Tj ET Q q 0 0 0 rg BT 113.91 666.05 Td (non-residential ) Tj ET Q q 0 0 0 rg BT 188.01 666.05 Td (construction, ) Tj ET Q q 0 0 0 rg BT 252.46 666.05 Td (and ) Tj ET Q q 0 0 0 rg BT 271.92 666.05 Td (the ) Tj ET Q q 0 0 0 rg BT 288.71 666.05 Td (wide ) Tj ET Q q 0 0 0 rg BT 314.17 666.05 Td (range ) Tj ET Q q 0 0 0 rg BT 342.95 666.05 Td (of ) Tj ET Q q 0 0 0 rg BT 355.08 666.05 Td (other ) Tj ET Q q 0 0 0 rg BT 381.87 666.05 Td (end-markets ) Tj ET Q q 0 0 0 rg BT 443.31 666.05 Td (that ) Tj ET Q q 0 0 0 rg BT 463.43 666.05 Td (the ) Tj ET Q q 0 0 0 rg BT 480.22 666.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 529.02 666.05 Td (serves. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 645.20 Td (HDI ) Tj ET Q q 0 0 0 rg BT 74.27 645.20 Td (also ) Tj ET Q q 0 0 0 rg BT 96.54 645.20 Td (benefits ) Tj ET Q q 0 0 0 rg BT 137.46 645.20 Td (from ) Tj ET Q q 0 0 0 rg BT 163.72 645.20 Td (a ) Tj ET Q q 0 0 0 rg BT 171.99 645.20 Td (diversified ) Tj ET Q q 0 0 0 rg BT 226.24 645.20 Td (and ) Tj ET Q q 0 0 0 rg BT 246.51 645.20 Td (high-value ) Tj ET Q q 0 0 0 rg BT 300.76 645.20 Td (mix ) Tj ET Q q 0 0 0 rg BT 322.37 645.20 Td (of ) Tj ET Q q 0 0 0 rg BT 335.30 645.20 Td (architectural ) Tj ET Q q 0 0 0 rg BT 398.20 645.20 Td (building ) Tj ET Q q 0 0 0 rg BT 441.14 645.20 Td (products, ) Tj ET Q q 0 0 0 rg BT 488.41 645.20 Td (including ) Tj ET Q q 0 0 0 rg BT 536.67 645.20 Td (high-) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 624.30 Td (value ) Tj ET Q q 0 0 0 rg BT 81.22 624.30 Td (hardwood ) Tj ET Q q 0 0 0 rg BT 134.44 624.30 Td (lumber) Tj ET Q q 0 0 0 rg BT 167.95 624.30 Td (, ) Tj ET Q q 0 0 0 rg BT 176.18 624.30 Td (fancy ) Tj ET Q q 0 0 0 rg BT 208.06 624.30 Td (hardwood ) Tj ET Q q 0 0 0 rg BT 261.28 624.30 Td (plywood, ) Tj ET Q q 0 0 0 rg BT 311.51 624.30 Td (decorative ) Tj ET Q q 0 0 0 rg BT 366.71 624.30 Td (laminates, ) Tj ET Q q 0 0 0 rg BT 420.92 624.30 Td (composite ) Tj ET Q q 0 0 0 rg BT 475.48 624.30 Td (panels, ) Tj ET Q q 0 0 0 rg BT 514.36 624.30 Td (hardware, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 603.40 Td (coatings, ) Tj ET Q q 0 0 0 rg BT 94.62 603.40 Td (doors ) Tj ET Q q 0 0 0 rg BT 122.91 603.40 Td (and ) Tj ET Q q 0 0 0 rg BT 141.87 603.40 Td (countertops. ) Tj ET Q q 0 0 0 rg BT 202.37 603.40 Td (These ) Tj ET Q q 0 0 0 rg BT 232.65 603.40 Td (higher) Tj ET Q q 0 0 0 rg BT 263.06 603.40 Td (-value ) Tj ET Q q 0 0 0 rg BT 294.68 603.40 Td (decorative ) Tj ET Q q 0 0 0 rg BT 346.27 603.40 Td (products ) Tj ET Q q 0 0 0 rg BT 389.23 603.40 Td (generally ) Tj ET Q q 0 0 0 rg BT 435.50 603.40 Td (benefit ) Tj ET Q q 0 0 0 rg BT 470.44 603.40 Td (from ) Tj ET Q q 0 0 0 rg BT 495.40 603.40 Td (stable ) Tj ET Q q 0 0 0 rg BT 525.02 603.40 Td (pricing. ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 50.00 570.55 Td (2019 ) Tj ET Q q 0 0 0 rg BT 77.00 570.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 126.00 570.55 Td (Outlook) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 537.65 Td (The ) Tj ET Q q 0 0 0 rg BT 72.10 537.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 122.21 537.65 Td (expects ) Tj ET Q q 0 0 0 rg BT 161.63 537.65 Td (first ) Tj ET Q q 0 0 0 rg BT 184.40 537.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 221.82 537.65 Td (sales ) Tj ET Q q 0 0 0 rg BT 248.59 537.65 Td (this ) Tj ET Q q 0 0 0 rg BT 269.37 537.65 Td (year ) Tj ET Q q 0 0 0 rg BT 293.46 537.65 Td (to ) Tj ET Q q 0 0 0 rg BT 306.24 537.65 Td (be ) Tj ET Q q 0 0 0 rg BT 321.01 537.65 Td (in ) Tj ET Q q 0 0 0 rg BT 333.78 537.65 Td (line ) Tj ET Q q 0 0 0 rg BT 355.22 537.65 Td (with ) Tj ET Q q 0 0 0 rg BT 380.00 537.65 Td (the ) Tj ET Q q 0 0 0 rg BT 398.10 537.65 Td (first ) Tj ET Q q 0 0 0 rg BT 420.87 537.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 458.29 537.65 Td (of ) Tj ET Q q 0 0 0 rg BT 471.73 537.65 Td (2018. ) Tj ET Q q 0 0 0 rg BT 501.93 537.65 Td (This ) Tj ET Q q 0 0 0 rg BT 526.70 537.65 Td (reflects ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 516.80 Td (lost ) Tj ET Q q 0 0 0 rg BT 69.59 516.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 95.17 516.80 Td (days ) Tj ET Q q 0 0 0 rg BT 119.42 516.80 Td (due ) Tj ET Q q 0 0 0 rg BT 139.00 516.80 Td (to ) Tj ET Q q 0 0 0 rg BT 150.58 516.80 Td (weather) Tj ET Q q 0 0 0 rg BT 188.08 516.80 Td (, ) Tj ET Q q 0 0 0 rg BT 193.33 516.80 Td (and ) Tj ET Q q 0 0 0 rg BT 212.91 516.80 Td (continued ) Tj ET Q q 0 0 0 rg BT 262.48 516.80 Td (uneven ) Tj ET Q q 0 0 0 rg BT 299.39 516.80 Td (market ) Tj ET Q q 0 0 0 rg BT 334.96 516.80 Td (sentiment ) Tj ET Q q 0 0 0 rg BT 383.87 516.80 Td (as ) Tj ET Q q 0 0 0 rg BT 396.12 516.80 Td (it ) Tj ET Q q 0 0 0 rg BT 405.04 516.80 Td (relates ) Tj ET Q q 0 0 0 rg BT 438.61 516.80 Td (to ) Tj ET Q q 0 0 0 rg BT 450.19 516.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 485.09 516.80 Td (US ) Tj ET Q q 0 0 0 rg BT 502.68 516.80 Td (construction ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 495.90 Td (sectors. ) Tj ET Q q 0 0 0 rg BT 89.32 495.90 Td ( ) Tj ET Q q 0 0 0 rg BT 92.32 495.90 Td ( ) Tj ET Q q 0 0 0 rg BT 95.32 495.90 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 463.00 Td (For ) Tj ET Q q 0 0 0 rg BT 69.52 463.00 Td (the ) Tj ET Q q 0 0 0 rg BT 87.04 463.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 126.53 463.00 Td (of ) Tj ET Q q 0 0 0 rg BT 139.38 463.00 Td (the ) Tj ET Q q 0 0 0 rg BT 156.89 463.00 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 185.73 463.00 Td (year) Tj ET Q q 0 0 0 rg BT 205.90 463.00 Td (, ) Tj ET Q q 0 0 0 rg BT 211.75 463.00 Td (the ) Tj ET Q q 0 0 0 rg BT 229.27 463.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 278.79 463.00 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 328.28 463.00 Td (low-to-mid ) Tj ET Q q 0 0 0 rg BT 385.13 463.00 Td (single ) Tj ET Q q 0 0 0 rg BT 416.64 463.00 Td (digit ) Tj ET Q q 0 0 0 rg BT 441.50 463.00 Td (or) Tj ET Q q 0 0 0 rg BT 451.28 463.00 Td (ganic ) Tj ET Q q 0 0 0 rg BT 480.12 463.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 516.97 463.00 Td (in ) Tj ET Q q 0 0 0 rg BT 529.16 463.00 Td (the ) Tj ET Q q 0 0 0 rg BT 546.67 463.00 Td (US ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 442.15 Td (and ) Tj ET Q q 0 0 0 rg BT 70.27 442.15 Td (nominal ) Tj ET Q q 0 0 0 rg BT 112.54 442.15 Td (or) Tj ET Q q 0 0 0 rg BT 122.32 442.15 Td (ganic ) Tj ET Q q 0 0 0 rg BT 151.24 442.15 Td (growth ) Tj ET Q q 0 0 0 rg BT 188.18 442.15 Td (in ) Tj ET Q q 0 0 0 rg BT 200.46 442.15 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 242.38 442.15 Td (driven ) Tj ET Q q 0 0 0 rg BT 275.98 442.15 Td (primarily ) Tj ET Q q 0 0 0 rg BT 323.57 442.15 Td (by ) Tj ET Q q 0 0 0 rg BT 338.52 442.15 Td (the ) Tj ET Q q 0 0 0 rg BT 356.12 442.15 Td (implementation ) Tj ET Q q 0 0 0 rg BT 434.38 442.15 Td (of ) Tj ET Q q 0 0 0 rg BT 447.31 442.15 Td (the ) Tj ET Q q 0 0 0 rg BT 464.91 442.15 Td (Company's ) Tj ET Q q 0 0 0 rg BT 521.35 442.15 Td (strategic ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 103.39 421.25 Td (W) Tj ET Q q 0 0 0 rg BT 114.23 421.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 130.20 421.25 Td (a ) Tj ET Q q 0 0 0 rg BT 138.83 421.25 Td (strong ) Tj ET Q q 0 0 0 rg BT 172.13 421.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 212.07 421.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 240.02 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.65 421.25 Td (a ) Tj ET Q q 0 0 0 rg BT 269.28 421.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 311.23 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.53 421.25 Td (attractive ) Tj ET Q q 0 0 0 rg BT 372.47 421.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 415.08 421.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 471.04 421.25 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 540.67 421.25 Td (HDI ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 400.40 Td (is ) Tj ET Q q 0 0 0 rg BT 61.00 400.40 Td (also ) Tj ET Q q 0 0 0 rg BT 83.33 400.40 Td (well ) Tj ET Q q 0 0 0 rg BT 106.99 400.40 Td (positioned ) Tj ET Q q 0 0 0 rg BT 159.99 400.40 Td (to ) Tj ET Q q 0 0 0 rg BT 172.33 400.40 Td (build ) Tj ET Q q 0 0 0 rg BT 199.99 400.40 Td (both ) Tj ET Q q 0 0 0 rg BT 224.33 400.40 Td (its ) Tj ET Q q 0 0 0 rg BT 238.67 400.40 Td (top ) Tj ET Q q 0 0 0 rg BT 257.00 400.40 Td (and ) Tj ET Q q 0 0 0 rg BT 277.33 400.40 Td (bottom ) Tj ET Q q 0 0 0 rg BT 314.33 400.40 Td (line ) Tj ET Q q 0 0 0 rg BT 335.32 400.40 Td (with ) Tj ET Q q 0 0 0 rg BT 359.66 400.40 Td (accretive ) Tj ET Q q 0 0 0 rg BT 405.95 400.40 Td (acquisition-based ) Tj ET Q q 0 0 0 rg BT 492.93 400.40 Td (growth. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 367.50 Td (Gross ) Tj ET Q q 0 0 0 rg BT 81.38 367.50 Td (profit ) Tj ET Q q 0 0 0 rg BT 111.42 367.50 Td (percentage ) Tj ET Q q 0 0 0 rg BT 166.75 367.50 Td (is ) Tj ET Q q 0 0 0 rg BT 178.13 367.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 224.15 367.50 Td (to ) Tj ET Q q 0 0 0 rg BT 236.86 367.50 Td (remain ) Tj ET Q q 0 0 0 rg BT 273.55 367.50 Td (in ) Tj ET Q q 0 0 0 rg BT 286.26 367.50 Td (the ) Tj ET Q q 0 0 0 rg BT 304.30 367.50 Td (17%-18%. ) Tj ET Q q 0 0 0 rg BT 358.42 367.50 Td (The ) Tj ET Q q 0 0 0 rg BT 380.45 367.50 Td (potential ) Tj ET Q q 0 0 0 rg BT 425.82 367.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 461.85 367.50 Td (of ) Tj ET Q q 0 0 0 rg BT 475.22 367.50 Td (items ) Tj ET Q q 0 0 0 rg BT 504.59 367.50 Td (noted ) Tj ET Q q 0 0 0 rg BT 534.63 367.50 Td (in ) Tj ET Q q 0 0 0 rg BT 547.34 367.50 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 346.60 Td (T) Tj ET Q q 0 0 0 rg BT 56.91 346.60 Td (rade ) Tj ET Q q 0 0 0 rg BT 79.89 346.60 Td (Actions ) Tj ET Q q 0 0 0 rg BT 120.22 346.60 Td (Section ) Tj ET Q q 0 0 0 rg BT 159.22 346.60 Td (below ) Tj ET Q q 0 0 0 rg BT 191.54 346.60 Td (on ) Tj ET Q q 0 0 0 rg BT 206.54 346.60 Td (supply-demand ) Tj ET Q q 0 0 0 rg BT 283.53 346.60 Td (dynamics ) Tj ET Q q 0 0 0 rg BT 332.52 346.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 373.51 346.60 Td (to ) Tj ET Q q 0 0 0 rg BT 385.84 346.60 Td (be ) Tj ET Q q 0 0 0 rg BT 400.17 346.60 Td (seen.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 313.75 Td (Moving ) Tj ET Q q 0 0 0 rg BT 91.01 313.75 Td (forward, ) Tj ET Q q 0 0 0 rg BT 135.00 313.75 Td (HDI ) Tj ET Q q 0 0 0 rg BT 159.33 313.75 Td (will ) Tj ET Q q 0 0 0 rg BT 181.01 313.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 225.34 313.75 Td (to ) Tj ET Q q 0 0 0 rg BT 237.68 313.75 Td (pursue ) Tj ET Q q 0 0 0 rg BT 272.68 313.75 Td (its ) Tj ET Q q 0 0 0 rg BT 287.02 313.75 Td (successful ) Tj ET Q q 0 0 0 rg BT 339.35 313.75 Td (strategies ) Tj ET Q q 0 0 0 rg BT 387.67 313.75 Td (of ) Tj ET Q q 0 0 0 rg BT 400.68 313.75 Td (capturing ) Tj ET Q q 0 0 0 rg BT 449.00 313.75 Td (market ) Tj ET Q q 0 0 0 rg BT 485.32 313.75 Td (share ) Tj ET Q q 0 0 0 rg BT 513.65 313.75 Td (in ) Tj ET Q q 0 0 0 rg BT 525.99 313.75 Td (the ) Tj ET Q q 0 0 0 rg BT 543.66 313.75 Td (US, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 292.85 Td (gaining ) Tj ET Q q 0 0 0 rg BT 88.93 292.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 139.85 292.85 Td (market ) Tj ET Q q 0 0 0 rg BT 176.11 292.85 Td (share ) Tj ET Q q 0 0 0 rg BT 204.36 292.85 Td (in ) Tj ET Q q 0 0 0 rg BT 216.63 292.85 Td (strategic ) Tj ET Q q 0 0 0 rg BT 260.21 292.85 Td (product ) Tj ET Q q 0 0 0 rg BT 299.80 292.85 Td (categories, ) Tj ET Q q 0 0 0 rg BT 354.38 292.85 Td (optimizing ) Tj ET Q q 0 0 0 rg BT 409.31 292.85 Td (its ) Tj ET Q q 0 0 0 rg BT 423.58 292.85 Td (platform, ) Tj ET Q q 0 0 0 rg BT 470.84 292.85 Td (and ) Tj ET Q q 0 0 0 rg BT 491.10 292.85 Td (capitalizing ) Tj ET Q q 0 0 0 rg BT 550.01 292.85 Td (on ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 272.00 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 116.33 272.00 Td (in ) Tj ET Q q 0 0 0 rg BT 128.66 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 146.32 272.00 Td (fragmented ) Tj ET Q q 0 0 0 rg BT 203.96 272.00 Td (US ) Tj ET Q q 0 0 0 rg BT 222.30 272.00 Td (distribution ) Tj ET Q q 0 0 0 rg BT 280.64 272.00 Td (market ) Tj ET Q q 0 0 0 rg BT 316.95 272.00 Td (to ) Tj ET Q q 0 0 0 rg BT 329.29 272.00 Td (grow ) Tj ET Q q 0 0 0 rg BT 356.95 272.00 Td (through ) Tj ET Q q 0 0 0 rg BT 397.28 272.00 Td (acquisition.) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 89.01 239.10 Td (allocation) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 137.67 239.10 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 206.20 Td (HDI ) Tj ET Q q 0 0 0 rg BT 74.90 206.20 Td (generates ) Tj ET Q q 0 0 0 rg BT 123.78 206.20 Td (significant ) Tj ET Q q 0 0 0 rg BT 178.00 206.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 202.89 206.20 Td (flow ) Tj ET Q q 0 0 0 rg BT 228.46 206.20 Td (from ) Tj ET Q q 0 0 0 rg BT 255.36 206.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 308.92 206.20 Td (before ) Tj ET Q q 0 0 0 rg BT 343.13 206.20 Td (working ) Tj ET Q q 0 0 0 rg BT 386.70 206.20 Td (capital. ) Tj ET Q q 0 0 0 rg BT 425.25 206.20 Td (For ) Tj ET Q q 0 0 0 rg BT 445.49 206.20 Td (the ) Tj ET Q q 0 0 0 rg BT 463.72 206.20 Td (coming ) Tj ET Q q 0 0 0 rg BT 503.29 206.20 Td (year) Tj ET Q q 0 0 0 rg BT 523.46 206.20 Td (, ) Tj ET Q q 0 0 0 rg BT 530.03 206.20 Td (capital ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 185.35 Td (allocation ) Tj ET Q q 0 0 0 rg BT 100.31 185.35 Td (priorities ) Tj ET Q q 0 0 0 rg BT 146.64 185.35 Td (include:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 152.45 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 152.45 Td (investing ) Tj ET Q q 0 0 0 rg BT 133.00 152.45 Td (in ) Tj ET Q q 0 0 0 rg BT 145.33 152.45 Td (working ) Tj ET Q q 0 0 0 rg BT 188.33 152.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 223.31 152.45 Td (to ) Tj ET Q q 0 0 0 rg BT 235.64 152.45 Td (support ) Tj ET Q q 0 0 0 rg BT 274.64 152.45 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 330.28 152.45 Td (or) Tj ET Q q 0 0 0 rg BT 340.06 152.45 Td (ganic ) Tj ET Q q 0 0 0 rg BT 369.05 152.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 406.04 152.45 Td (in ) Tj ET Q q 0 0 0 rg BT 418.38 152.45 Td (sales;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 119.60 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 119.60 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 130.33 119.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 180.65 119.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 238.30 119.60 Td (management ) Tj ET Q q 0 0 0 rg BT 302.61 119.60 Td (of ) Tj ET Q q 0 0 0 rg BT 315.61 119.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.27 119.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 372.90 119.60 Td (sheet;) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 86.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 86.70 Td (executing ) Tj ET Q q 0 0 0 rg BT 135.65 86.70 Td (on ) Tj ET Q q 0 0 0 rg BT 150.65 86.70 Td (the ) Tj ET Q q 0 0 0 rg BT 168.31 86.70 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 228.63 86.70 Td (pipeline; ) Tj ET Q q 0 0 0 rg BT 273.62 86.70 Td (and,) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 68.00 53.80 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 86.00 53.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 140.33 53.80 Td (to ) Tj ET Q q 0 0 0 rg BT 152.66 53.80 Td (return ) Tj ET Q q 0 0 0 rg BT 184.31 53.80 Td (value ) Tj ET Q q 0 0 0 rg BT 213.30 53.80 Td (to ) Tj ET Q q 0 0 0 rg BT 225.63 53.80 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 289.28 53.80 Td (in ) Tj ET Q q 0 0 0 rg BT 301.61 53.80 Td (the ) Tj ET Q q 0 0 0 rg BT 319.27 53.80 Td (form ) Tj ET Q q 0 0 0 rg BT 345.60 53.80 Td (of ) Tj ET Q q 0 0 0 rg BT 358.60 53.80 Td (dividends ) Tj ET Q q 0 0 0 rg BT 408.26 53.80 Td (and ) Tj ET Q q 0 0 0 rg BT 428.59 53.80 Td (share ) Tj ET Q q 0 0 0 rg BT 456.90 53.80 Td (re-purchases. ) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 30.20 Td (4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (On ) Tj ET Q q 0 0 0 rg BT 67.46 740.70 Td (February ) Tj ET Q q 0 0 0 rg BT 113.58 740.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 125.38 740.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 152.18 740.70 Td (HDI ) Tj ET Q q 0 0 0 rg BT 176.30 740.70 Td (announced ) Tj ET Q q 0 0 0 rg BT 231.08 740.70 Td (that ) Tj ET Q q 0 0 0 rg BT 251.87 740.70 Td (the ) Tj ET Q q 0 0 0 rg BT 269.13 740.70 Td (TSX ) Tj ET Q q 0 0 0 rg BT 294.59 740.70 Td (accepted ) Tj ET Q q 0 0 0 rg BT 339.36 740.70 Td (its ) Tj ET Q q 0 0 0 rg BT 353.49 740.70 Td (notice ) Tj ET Q q 0 0 0 rg BT 385.61 740.70 Td (to ) Tj ET Q q 0 0 0 rg BT 397.74 740.70 Td (initiate ) Tj ET Q q 0 0 0 rg BT 433.86 740.70 Td (a ) Tj ET Q q 0 0 0 rg BT 441.99 740.70 Td (normal ) Tj ET Q q 0 0 0 rg BT 478.77 740.70 Td (course ) Tj ET Q q 0 0 0 rg BT 512.89 740.70 Td (issuer ) Tj ET Q q 0 0 0 rg BT 543.68 740.70 Td (bid. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 719.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 114.80 719.80 Td (and ) Tj ET Q q 0 0 0 rg BT 134.29 719.80 Td (the ) Tj ET Q q 0 0 0 rg BT 151.11 719.80 Td (Board ) Tj ET Q q 0 0 0 rg BT 182.59 719.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 219.40 719.80 Td (that ) Tj ET Q q 0 0 0 rg BT 239.55 719.80 Td (the ) Tj ET Q q 0 0 0 rg BT 256.37 719.80 Td (underlying ) Tj ET Q q 0 0 0 rg BT 310.52 719.80 Td (share ) Tj ET Q q 0 0 0 rg BT 338.00 719.80 Td (value ) Tj ET Q q 0 0 0 rg BT 366.14 719.80 Td (of ) Tj ET Q q 0 0 0 rg BT 378.30 719.80 Td (HDI ) Tj ET Q q 0 0 0 rg BT 401.79 719.80 Td (may ) Tj ET Q q 0 0 0 rg BT 424.60 719.80 Td (not ) Tj ET Q q 0 0 0 rg BT 442.10 719.80 Td (be ) Tj ET Q q 0 0 0 rg BT 455.58 719.80 Td (reflected ) Tj ET Q q 0 0 0 rg BT 499.71 719.80 Td (in ) Tj ET Q q 0 0 0 rg BT 511.20 719.80 Td (the ) Tj ET Q q 0 0 0 rg BT 528.02 719.80 Td (current ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 698.95 Td (market ) Tj ET Q q 0 0 0 rg BT 85.65 698.95 Td (price ) Tj ET Q q 0 0 0 rg BT 111.97 698.95 Td (of ) Tj ET Q q 0 0 0 rg BT 124.30 698.95 Td (the ) Tj ET Q q 0 0 0 rg BT 141.29 698.95 Td (Company's ) Tj ET Q q 0 0 0 rg BT 197.12 698.95 Td (shares ) Tj ET Q q 0 0 0 rg BT 229.44 698.95 Td (and, ) Tj ET Q q 0 0 0 rg BT 252.10 698.95 Td (as ) Tj ET Q q 0 0 0 rg BT 264.43 698.95 Td (a ) Tj ET Q q 0 0 0 rg BT 272.09 698.95 Td (result, ) Tj ET Q q 0 0 0 rg BT 304.08 698.95 Td (will ) Tj ET Q q 0 0 0 rg BT 325.08 698.95 Td (consider ) Tj ET Q q 0 0 0 rg BT 368.07 698.95 Td (share ) Tj ET Q q 0 0 0 rg BT 395.72 698.95 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 454.69 698.95 Td (depending ) Tj ET Q q 0 0 0 rg BT 507.01 698.95 Td (upon ) Tj ET Q q 0 0 0 rg BT 533.35 698.95 Td (future ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 678.05 Td (price ) Tj ET Q q 0 0 0 rg BT 76.98 678.05 Td (movements, ) Tj ET Q q 0 0 0 rg BT 138.31 678.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 173.29 678.05 Td (allocation ) Tj ET Q q 0 0 0 rg BT 223.60 678.05 Td (priorities, ) Tj ET Q q 0 0 0 rg BT 272.93 678.05 Td (and ) Tj ET Q q 0 0 0 rg BT 293.25 678.05 Td (other ) Tj ET Q q 0 0 0 rg BT 320.91 678.05 Td (factors. ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 645.20 Td (T) Tj ET Q q 0 0 0 rg BT 56.67 645.20 Td (rade ) Tj ET Q q 0 0 0 rg BT 84.90 645.20 Td (Actions ) Tj ET Q q 0 0 0 rg BT 132.24 645.20 Td (Update) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 612.30 Td (The ) Tj ET Q q 0 0 0 rg BT 72.24 612.30 Td (US ) Tj ET Q q 0 0 0 rg BT 91.16 612.30 Td (government ) Tj ET Q q 0 0 0 rg BT 152.06 612.30 Td (has ) Tj ET Q q 0 0 0 rg BT 171.64 612.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 222.54 612.30 Td (to ) Tj ET Q q 0 0 0 rg BT 235.46 612.30 Td (undertake ) Tj ET Q q 0 0 0 rg BT 286.35 612.30 Td (trade ) Tj ET Q q 0 0 0 rg BT 313.92 612.30 Td (actions, ) Tj ET Q q 0 0 0 rg BT 354.49 612.30 Td (resulting ) Tj ET Q q 0 0 0 rg BT 400.07 612.30 Td (in ) Tj ET Q q 0 0 0 rg BT 412.99 612.30 Td (a ) Tj ET Q q 0 0 0 rg BT 421.89 612.30 Td (shifting ) Tj ET Q q 0 0 0 rg BT 462.15 612.30 Td (trade ) Tj ET Q q 0 0 0 rg BT 489.71 612.30 Td (landscape. ) Tj ET Q q 0 0 0 rg BT 543.34 612.30 Td (The ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 591.40 Td (trade ) Tj ET Q q 0 0 0 rg BT 76.98 591.40 Td (actions ) Tj ET Q q 0 0 0 rg BT 113.97 591.40 Td (most ) Tj ET Q q 0 0 0 rg BT 140.31 591.40 Td (relevant ) Tj ET Q q 0 0 0 rg BT 181.95 591.40 Td (to ) Tj ET Q q 0 0 0 rg BT 194.29 591.40 Td (the ) Tj ET Q q 0 0 0 rg BT 211.95 591.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 261.61 591.40 Td (include:) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 50 556.950390625 m 254.4453125 556.950390625 l s q 0 0 0 rg BT 50.00 558.55 Td (W) Tj ET Q q 0 0 0 rg BT 60.37 558.55 Td (ooden ) Tj ET Q q 0 0 0 rg BT 92.69 558.55 Td (Cabinets ) Tj ET Q q 0 0 0 rg BT 137.69 558.55 Td (and ) Tj ET Q q 0 0 0 rg BT 157.79 558.55 Td (V) Tj ET Q q 0 0 0 rg BT 165.13 558.55 Td (anities ) Tj ET Q q 0 0 0 rg BT 199.46 558.55 Td (from ) Tj ET Q q 0 0 0 rg BT 225.78 558.55 Td (China) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 525.65 Td (On ) Tj ET Q q 0 0 0 rg BT 67.82 525.65 Td (March ) Tj ET Q q 0 0 0 rg BT 102.28 525.65 Td (6, ) Tj ET Q q 0 0 0 rg BT 114.43 525.65 Td (2019 ) Tj ET Q q 0 0 0 rg BT 141.58 525.65 Td (the ) Tj ET Q q 0 0 0 rg BT 158.70 525.65 Td (American ) Tj ET Q q 0 0 0 rg BT 209.15 525.65 Td (Kitchen ) Tj ET Q q 0 0 0 rg BT 250.29 525.65 Td (Cabinet ) Tj ET Q q 0 0 0 rg BT 290.07 525.65 Td (Alliance, ) Tj ET Q q 0 0 0 rg BT 336.86 525.65 Td (which ) Tj ET Q q 0 0 0 rg BT 369.34 525.65 Td (is ) Tj ET Q q 0 0 0 rg BT 380.49 525.65 Td (comprised ) Tj ET Q q 0 0 0 rg BT 433.63 525.65 Td (of ) Tj ET Q q 0 0 0 rg BT 446.77 525.65 Td (a ) Tj ET Q q 0 0 0 rg BT 455.25 525.65 Td (number ) Tj ET Q q 0 0 0 rg BT 495.06 525.65 Td (of ) Tj ET Q q 0 0 0 rg BT 508.20 525.65 Td ( ) Tj ET Q q 0 0 0 rg BT 511.35 525.65 Td (significant ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 504.80 Td (domestic ) Tj ET Q q 0 0 0 rg BT 96.49 504.80 Td (cabinet ) Tj ET Q q 0 0 0 rg BT 134.31 504.80 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 206.11 504.80 Td (\(the ) Tj ET Q q 0 0 0 rg BT 227.94 504.80 Td ("Petitioners"\) ) Tj ET Q q 0 0 0 rg BT 296.23 504.80 Td (and ) Tj ET Q q 0 0 0 rg BT 316.72 504.80 Td (represents ) Tj ET Q q 0 0 0 rg BT 368.54 504.80 Td (two-thirds ) Tj ET Q q 0 0 0 rg BT 421.04 504.80 Td (of ) Tj ET Q q 0 0 0 rg BT 434.21 504.80 Td (the ) Tj ET Q q 0 0 0 rg BT 452.04 504.80 Td (US ) Tj ET Q q 0 0 0 rg BT 470.54 504.80 Td (market, ) Tj ET Q q 0 0 0 rg BT 510.03 504.80 Td (announced ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 483.90 Td (the ) Tj ET Q q 0 0 0 rg BT 69.89 483.90 Td (filing ) Tj ET Q q 0 0 0 rg BT 101.11 483.90 Td (of ) Tj ET Q q 0 0 0 rg BT 116.33 483.90 Td (a ) Tj ET Q q 0 0 0 rg BT 126.89 483.90 Td (petition ) Tj ET Q q 0 0 0 rg BT 168.78 483.90 Td (with ) Tj ET Q q 0 0 0 rg BT 195.34 483.90 Td (the ) Tj ET Q q 0 0 0 rg BT 215.22 483.90 Td (Department ) Tj ET Q q 0 0 0 rg BT 277.09 483.90 Td (of ) Tj ET Q q 0 0 0 rg BT 292.31 483.90 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 350.19 483.90 Td (\("Commerce"\) ) Tj ET Q q 0 0 0 rg BT 425.85 483.90 Td (and ) Tj ET Q q 0 0 0 rg BT 448.40 483.90 Td (the ) Tj ET Q q 0 0 0 rg BT 468.29 483.90 Td (International ) Tj ET Q q 0 0 0 rg BT 534.44 483.90 Td (T) Tj ET Q q 0 0 0 rg BT 541.35 483.90 Td (rade ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 463.00 Td (Commission ) Tj ET Q q 0 0 0 rg BT 112.22 463.00 Td (\("ITC"\) ) Tj ET Q q 0 0 0 rg BT 150.88 463.00 Td (for ) Tj ET Q q 0 0 0 rg BT 166.41 463.00 Td (the ) Tj ET Q q 0 0 0 rg BT 182.61 463.00 Td (imposition ) Tj ET Q q 0 0 0 rg BT 235.49 463.00 Td (of ) Tj ET Q q 0 0 0 rg BT 247.02 463.00 Td (antidumping ) Tj ET Q q 0 0 0 rg BT 309.23 463.00 Td (\("AD"\) ) Tj ET Q q 0 0 0 rg BT 345.89 463.00 Td (and ) Tj ET Q q 0 0 0 rg BT 364.75 463.00 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 435.60 463.00 Td (\("CVD"\) ) Tj ET Q q 0 0 0 rg BT 480.27 463.00 Td (duties ) Tj ET Q q 0 0 0 rg BT 510.47 463.00 Td (on ) Tj ET Q q 0 0 0 rg BT 524.01 463.00 Td (wooden ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 442.15 Td (cabinets ) Tj ET Q q 0 0 0 rg BT 92.06 442.15 Td (and ) Tj ET Q q 0 0 0 rg BT 112.13 442.15 Td (vanities ) Tj ET Q q 0 0 0 rg BT 152.19 442.15 Td (from ) Tj ET Q q 0 0 0 rg BT 178.26 442.15 Td (China. ) Tj ET Q q 0 0 0 rg BT 212.47 442.15 Td (The ) Tj ET Q q 0 0 0 rg BT 233.87 442.15 Td (Petitioners ) Tj ET Q q 0 0 0 rg BT 287.94 442.15 Td (claim ) Tj ET Q q 0 0 0 rg BT 317.33 442.15 Td (that ) Tj ET Q q 0 0 0 rg BT 338.07 442.15 Td (China's ) Tj ET Q q 0 0 0 rg BT 376.31 442.15 Td (trade ) Tj ET Q q 0 0 0 rg BT 403.03 442.15 Td (practices ) Tj ET Q q 0 0 0 rg BT 448.42 442.15 Td (have ) Tj ET Q q 0 0 0 rg BT 473.81 442.15 Td (resulted ) Tj ET Q q 0 0 0 rg BT 514.54 442.15 Td (in ) Tj ET Q q 0 0 0 rg BT 526.61 442.15 Td (an ) Tj ET Q q 0 0 0 rg BT 540.68 442.15 Td (over ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (75% ) Tj ET Q q 0 0 0 rg BT 75.67 421.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 118.64 421.25 Td (in ) Tj ET Q q 0 0 0 rg BT 131.65 421.25 Td (US ) Tj ET Q q 0 0 0 rg BT 150.66 421.25 Td (imports ) Tj ET Q q 0 0 0 rg BT 191.00 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.66 421.25 Td (kitchen ) Tj ET Q q 0 0 0 rg BT 243.66 421.25 Td (cabinets ) Tj ET Q q 0 0 0 rg BT 286.64 421.25 Td (from ) Tj ET Q q 0 0 0 rg BT 313.64 421.25 Td (China ) Tj ET Q q 0 0 0 rg BT 345.97 421.25 Td (since ) Tj ET Q q 0 0 0 rg BT 374.30 421.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 404.71 421.25 Td (The ) Tj ET Q q 0 0 0 rg BT 427.03 421.25 Td (Petitioners ) Tj ET Q q 0 0 0 rg BT 482.03 421.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 525.69 421.25 Td (that ) Tj ET Q q 0 0 0 rg BT 547.35 421.25 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 400.40 Td (total ) Tj ET Q q 0 0 0 rg BT 74.35 400.40 Td (value ) Tj ET Q q 0 0 0 rg BT 103.35 400.40 Td (of ) Tj ET Q q 0 0 0 rg BT 116.37 400.40 Td (imports ) Tj ET Q q 0 0 0 rg BT 156.05 400.40 Td (covered ) Tj ET Q q 0 0 0 rg BT 197.05 400.40 Td (by ) Tj ET Q q 0 0 0 rg BT 212.07 400.40 Td (the ) Tj ET Q q 0 0 0 rg BT 229.75 400.40 Td (case ) Tj ET Q q 0 0 0 rg BT 253.41 400.40 Td (is ) Tj ET Q q 0 0 0 rg BT 264.44 400.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 336.77 400.40 Td ($4 ) Tj ET Q q 0 0 0 rg BT 351.79 400.40 Td (billion ) Tj ET Q q 0 0 0 rg BT 386.14 400.40 Td (and ) Tj ET Q q 0 0 0 rg BT 406.49 400.40 Td (that ) Tj ET Q q 0 0 0 rg BT 427.50 400.40 Td (the ) Tj ET Q q 0 0 0 rg BT 445.18 400.40 Td (dumping ) Tj ET Q q 0 0 0 rg BT 490.87 400.40 Td (mar) Tj ET Q q 0 0 0 rg BT 509.30 400.40 Td (gins ) Tj ET Q q 0 0 0 rg BT 532.33 400.40 Td (are ) Tj ET Q q 0 0 0 rg BT 550.00 400.40 Td (up ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 379.50 Td (to ) Tj ET Q q 0 0 0 rg BT 62.33 379.50 Td (259.99%. ) Tj ET Q q 0 0 0 rg BT 110.67 379.50 Td (A) Tj ET Q q 0 0 0 rg BT 118.67 379.50 Td ( ) Tj ET Q q 0 0 0 rg BT 121.67 379.50 Td (time ) Tj ET Q q 0 0 0 rg BT 146.00 379.50 Td (line ) Tj ET Q q 0 0 0 rg BT 166.99 379.50 Td (for ) Tj ET Q q 0 0 0 rg BT 183.99 379.50 Td (Commerce's ) Tj ET Q q 0 0 0 rg BT 246.46 379.50 Td (investigation ) Tj ET Q q 0 0 0 rg BT 311.46 379.50 Td (has ) Tj ET Q q 0 0 0 rg BT 330.45 379.50 Td (not ) Tj ET Q q 0 0 0 rg BT 348.79 379.50 Td (yet ) Tj ET Q q 0 0 0 rg BT 366.45 379.50 Td (been ) Tj ET Q q 0 0 0 rg BT 392.10 379.50 Td (announced. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 346.60 Td (HDI ) Tj ET Q q 0 0 0 rg BT 75.31 346.60 Td (views ) Tj ET Q q 0 0 0 rg BT 107.28 346.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.92 346.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 171.88 346.60 Td (imposition ) Tj ET Q q 0 0 0 rg BT 227.20 346.60 Td (of ) Tj ET Q q 0 0 0 rg BT 240.29 346.60 Td (AD ) Tj ET Q q 0 0 0 rg BT 261.60 346.60 Td (and ) Tj ET Q q 0 0 0 rg BT 282.91 346.60 Td (CVD ) Tj ET Q q 0 0 0 rg BT 312.22 346.60 Td (duties ) Tj ET Q q 0 0 0 rg BT 344.86 346.60 Td (on ) Tj ET Q q 0 0 0 rg BT 360.84 346.60 Td (cabinet ) Tj ET Q q 0 0 0 rg BT 399.46 346.60 Td (products ) Tj ET Q q 0 0 0 rg BT 444.76 346.60 Td (imported ) Tj ET Q q 0 0 0 rg BT 492.06 346.60 Td (from ) Tj ET Q q 0 0 0 rg BT 519.37 346.60 Td (China ) Tj ET Q q 0 0 0 rg BT 552.01 346.60 Td (as ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 325.75 Td (positive, ) Tj ET Q q 0 0 0 rg BT 96.74 325.75 Td (as ) Tj ET Q q 0 0 0 rg BT 112.48 325.75 Td (it ) Tj ET Q q 0 0 0 rg BT 124.89 325.75 Td (could ) Tj ET Q q 0 0 0 rg BT 157.29 325.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 202.33 325.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 246.06 325.75 Td (from ) Tj ET Q q 0 0 0 rg BT 275.13 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 295.53 325.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 354.77 325.75 Td (primary ) Tj ET Q q 0 0 0 rg BT 398.49 325.75 Td (customer ) Tj ET Q q 0 0 0 rg BT 448.22 325.75 Td (base, ) Tj ET Q q 0 0 0 rg BT 478.29 325.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 527.35 325.75 Td (cabinet ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 304.85 Td (manufacturers.) Tj ET Q BT /F1 12.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 50 270.400390625 m 203.64453125 270.400390625 l s q 0 0 0 rg BT 50.00 272.00 Td (Hardwood ) Tj ET Q q 0 0 0 rg BT 103.65 272.00 Td (plywood ) Tj ET Q q 0 0 0 rg BT 148.65 272.00 Td (from ) Tj ET Q q 0 0 0 rg BT 174.98 272.00 Td (China) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (On ) Tj ET Q q 0 0 0 rg BT 67.12 239.10 Td (January ) Tj ET Q q 0 0 0 rg BT 106.88 239.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 135.79 239.10 Td (AD ) Tj ET Q q 0 0 0 rg BT 155.57 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.35 239.10 Td (CVD ) Tj ET Q q 0 0 0 rg BT 203.13 239.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 234.25 239.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 273.35 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.13 239.10 Td (hardwood ) Tj ET Q q 0 0 0 rg BT 335.57 239.10 Td (plywood ) Tj ET Q q 0 0 0 rg BT 380.02 239.10 Td (imported ) Tj ET Q q 0 0 0 rg BT 425.79 239.10 Td (from ) Tj ET Q q 0 0 0 rg BT 451.56 239.10 Td (China ) Tj ET Q q 0 0 0 rg BT 482.68 239.10 Td (into ) Tj ET Q q 0 0 0 rg BT 503.80 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.90 239.10 Td (US ) Tj ET Q q 0 0 0 rg BT 538.69 239.10 Td (were ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 218.20 Td (implemented ) Tj ET Q q 0 0 0 rg BT 115.65 218.20 Td (\(the ) Tj ET Q q 0 0 0 rg BT 137.30 218.20 Td ("T) Tj ET Q q 0 0 0 rg BT 149.11 218.20 Td (rade ) Tj ET Q q 0 0 0 rg BT 172.76 218.20 Td (Case"\). ) Tj ET Q q 0 0 0 rg BT 210.98 218.20 Td (For ) Tj ET Q q 0 0 0 rg BT 230.65 218.20 Td (a ) Tj ET Q q 0 0 0 rg BT 238.98 218.20 Td (more ) Tj ET Q q 0 0 0 rg BT 266.63 218.20 Td (detailed ) Tj ET Q q 0 0 0 rg BT 307.61 218.20 Td (summary) Tj ET Q q 0 0 0 rg BT 351.49 218.20 Td (, ) Tj ET Q q 0 0 0 rg BT 357.49 218.20 Td (see ) Tj ET Q q 0 0 0 rg BT 375.82 218.20 Td (our ) Tj ET Q q 0 0 0 rg BT 394.81 218.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 421.81 218.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 456.80 218.20 Td (report. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 185.35 Td (The ) Tj ET Q q 0 0 0 rg BT 70.57 185.35 Td (T) Tj ET Q q 0 0 0 rg BT 77.48 185.35 Td (rade ) Tj ET Q q 0 0 0 rg BT 100.19 185.35 Td (Case ) Tj ET Q q 0 0 0 rg BT 125.58 185.35 Td (negatively ) Tj ET Q q 0 0 0 rg BT 177.62 185.35 Td (impacted ) Tj ET Q q 0 0 0 rg BT 223.66 185.35 Td (gross ) Tj ET Q q 0 0 0 rg BT 251.06 185.35 Td (mar) Tj ET Q q 0 0 0 rg BT 269.50 185.35 Td (gins ) Tj ET Q q 0 0 0 rg BT 291.57 185.35 Td (by ) Tj ET Q q 0 0 0 rg BT 305.63 185.35 Td (i\) ) Tj ET Q q 0 0 0 rg BT 315.02 185.35 Td (increasing ) Tj ET Q q 0 0 0 rg BT 366.40 185.35 Td (sourcing ) Tj ET Q q 0 0 0 rg BT 409.79 185.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 435.85 185.35 Td (as ) Tj ET Q q 0 0 0 rg BT 447.91 185.35 Td (the ) Tj ET Q q 0 0 0 rg BT 464.63 185.35 Td (Company ) Tj ET Q q 0 0 0 rg BT 513.36 185.35 Td (purchased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 164.45 Td (hardwood ) Tj ET Q q 0 0 0 rg BT 101.64 164.45 Td (plywood ) Tj ET Q q 0 0 0 rg BT 147.30 164.45 Td (from ) Tj ET Q q 0 0 0 rg BT 174.28 164.45 Td (alternate ) Tj ET Q q 0 0 0 rg BT 219.24 164.45 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 269.22 164.45 Td (rather ) Tj ET Q q 0 0 0 rg BT 300.85 164.45 Td (than ) Tj ET Q q 0 0 0 rg BT 325.17 164.45 Td (from ) Tj ET Q q 0 0 0 rg BT 352.15 164.45 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 424.44 164.45 Td (in ) Tj ET Q q 0 0 0 rg BT 437.42 164.45 Td (China; ) Tj ET Q q 0 0 0 rg BT 473.08 164.45 Td (and ) Tj ET Q q 0 0 0 rg BT 494.06 164.45 Td (ii\) ) Tj ET Q q 0 0 0 rg BT 508.38 164.45 Td (creating ) Tj ET Q q 0 0 0 rg BT 550.67 164.45 Td (an ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 143.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 84.32 143.60 Td (market ) Tj ET Q q 0 0 0 rg BT 120.63 143.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 155.64 143.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.63 143.60 Td (lower) Tj ET Q q 0 0 0 rg BT 195.72 143.60 Td (-value ) Tj ET Q q 0 0 0 rg BT 228.70 143.60 Td (hardwood ) Tj ET Q q 0 0 0 rg BT 279.69 143.60 Td (plywood ) Tj ET Q q 0 0 0 rg BT 324.69 143.60 Td (and ) Tj ET Q q 0 0 0 rg BT 345.01 143.60 Td (substitute ) Tj ET Q q 0 0 0 rg BT 394.02 143.60 Td (products ) Tj ET Q q 0 0 0 rg BT 438.34 143.60 Td (in ) Tj ET Q q 0 0 0 rg BT 450.68 143.60 Td (the ) Tj ET Q q 0 0 0 rg BT 468.34 143.60 Td (US. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 110.70 Td (By ) Tj ET Q q 0 0 0 rg BT 67.44 110.70 Td (year) Tj ET Q q 0 0 0 rg BT 87.84 110.70 Td (-end ) Tj ET Q q 0 0 0 rg BT 112.60 110.70 Td (excellent ) Tj ET Q q 0 0 0 rg BT 159.34 110.70 Td (progress ) Tj ET Q q 0 0 0 rg BT 203.43 110.70 Td (has ) Tj ET Q q 0 0 0 rg BT 222.86 110.70 Td (been ) Tj ET Q q 0 0 0 rg BT 248.94 110.70 Td (made ) Tj ET Q q 0 0 0 rg BT 278.36 110.70 Td (in ) Tj ET Q q 0 0 0 rg BT 291.13 110.70 Td (dif) Tj ET Q q 0 0 0 rg BT 304.24 110.70 Td (fusing ) Tj ET Q q 0 0 0 rg BT 337.67 110.70 Td (sourcing ) Tj ET Q q 0 0 0 rg BT 382.43 110.70 Td (challenges ) Tj ET Q q 0 0 0 rg BT 436.50 110.70 Td (by ) Tj ET Q q 0 0 0 rg BT 451.94 110.70 Td (developing ) Tj ET Q q 0 0 0 rg BT 508.69 110.70 Td (proprietary ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 89.80 Td (product ) Tj ET Q q 0 0 0 rg BT 89.95 89.80 Td (of) Tj ET Q q 0 0 0 rg BT 99.73 89.80 Td (ferings ) Tj ET Q q 0 0 0 rg BT 136.34 89.80 Td (with ) Tj ET Q q 0 0 0 rg BT 160.97 89.80 Td (alternative ) Tj ET Q q 0 0 0 rg BT 214.90 89.80 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 261.52 89.80 Td (of ) Tj ET Q q 0 0 0 rg BT 274.81 89.80 Td (hardwood ) Tj ET Q q 0 0 0 rg BT 326.09 89.80 Td (plywood. ) Tj ET Q q 0 0 0 rg BT 373.66 89.80 Td (A) Tj ET Q q 0 0 0 rg BT 381.66 89.80 Td ( ) Tj ET Q q 0 0 0 rg BT 384.96 89.80 Td (number ) Tj ET Q q 0 0 0 rg BT 424.91 89.80 Td (of ) Tj ET Q q 0 0 0 rg BT 438.20 89.80 Td (these ) Tj ET Q q 0 0 0 rg BT 466.14 89.80 Td (products ) Tj ET Q q 0 0 0 rg BT 510.76 89.80 Td (are ) Tj ET Q q 0 0 0 rg BT 528.71 89.80 Td (now ) Tj ET Q q 0 0 0 rg BT 552.66 89.80 Td (in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 68.95 Td (market ) Tj ET Q q 0 0 0 rg BT 86.32 68.95 Td (trials ) Tj ET Q q 0 0 0 rg BT 113.31 68.95 Td (with ) Tj ET Q q 0 0 0 rg BT 137.64 68.95 Td (customers ) Tj ET Q q 0 0 0 rg BT 189.30 68.95 Td (and ) Tj ET Q q 0 0 0 rg BT 209.63 68.95 Td (are ) Tj ET Q q 0 0 0 rg BT 227.28 68.95 Td (performing ) Tj ET Q q 0 0 0 rg BT 284.26 68.95 Td (well. ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 30.20 Td (5) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (As ) Tj ET Q q 0 0 0 rg BT 66.70 740.70 Td (volumes ) Tj ET Q q 0 0 0 rg BT 110.72 740.70 Td (related ) Tj ET Q q 0 0 0 rg BT 146.73 740.70 Td (to ) Tj ET Q q 0 0 0 rg BT 159.42 740.70 Td (new ) Tj ET Q q 0 0 0 rg BT 182.78 740.70 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 239.45 740.70 Td (hardwood ) Tj ET Q q 0 0 0 rg BT 290.80 740.70 Td (plywood ) Tj ET Q q 0 0 0 rg BT 336.16 740.70 Td (product ) Tj ET Q q 0 0 0 rg BT 376.18 740.70 Td (of) Tj ET Q q 0 0 0 rg BT 385.96 740.70 Td (ferings ) Tj ET Q q 0 0 0 rg BT 422.64 740.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 465.31 740.70 Td (and ) Tj ET Q q 0 0 0 rg BT 486.00 740.70 Td (more ) Tj ET Q q 0 0 0 rg BT 514.01 740.70 Td (consistent ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 719.80 Td (supply-demand ) Tj ET Q q 0 0 0 rg BT 126.99 719.80 Td (dynamics ) Tj ET Q q 0 0 0 rg BT 175.98 719.80 Td (emer) Tj ET Q q 0 0 0 rg BT 199.74 719.80 Td (ge, ) Tj ET Q q 0 0 0 rg BT 217.07 719.80 Td (the ) Tj ET Q q 0 0 0 rg BT 234.73 719.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 284.39 719.80 Td (expects ) Tj ET Q q 0 0 0 rg BT 323.38 719.80 Td (gross ) Tj ET Q q 0 0 0 rg BT 351.71 719.80 Td (mar) Tj ET Q q 0 0 0 rg BT 370.15 719.80 Td (gins ) Tj ET Q q 0 0 0 rg BT 393.15 719.80 Td (will ) Tj ET Q q 0 0 0 rg BT 414.82 719.80 Td (gradually ) Tj ET Q q 0 0 0 rg BT 463.14 719.80 Td (improve. ) Tj ET Q q 0 0 0 rg BT 509.13 719.80 Td ( ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 686.95 Td (Q4 and ) Tj ET Q q 0 0 0 rg BT 93.79 686.95 Td (Y) Tj ET Q q 0 0 0 rg BT 101.13 686.95 Td (ear-End 2018 Investor Call) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 654.05 Td (The ) Tj ET Q q 0 0 0 rg BT 71.46 654.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 120.92 654.05 Td (will ) Tj ET Q q 0 0 0 rg BT 142.39 654.05 Td (host ) Tj ET Q q 0 0 0 rg BT 165.19 654.05 Td (a ) Tj ET Q q 0 0 0 rg BT 173.31 654.05 Td (conference ) Tj ET Q q 0 0 0 rg BT 228.74 654.05 Td (call ) Tj ET Q q 0 0 0 rg BT 248.86 654.05 Td (on ) Tj ET Q q 0 0 0 rg BT 263.66 654.05 Td (Friday) Tj ET Q q 0 0 0 rg BT 294.21 654.05 Td (, ) Tj ET Q q 0 0 0 rg BT 300.01 654.05 Td (March ) Tj ET Q q 0 0 0 rg BT 334.12 654.05 Td (15, ) Tj ET Q q 0 0 0 rg BT 351.92 654.05 Td (2019 ) Tj ET Q q 0 0 0 rg BT 378.72 654.05 Td (at ) Tj ET Q q 0 0 0 rg BT 390.18 654.05 Td (8:00 ) Tj ET Q q 0 0 0 rg BT 414.32 654.05 Td (am ) Tj ET Q q 0 0 0 rg BT 431.77 654.05 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 467.89 654.05 Td (\(1) Tj ET Q q 0 0 0 rg BT 477.44 654.05 Td (1:00 ) Tj ET Q q 0 0 0 rg BT 501.57 654.05 Td (am ) Tj ET Q q 0 0 0 rg BT 519.03 654.05 Td (Eastern\). ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 633.20 Td (Participants ) Tj ET Q q 0 0 0 rg BT 108.62 633.20 Td (should ) Tj ET Q q 0 0 0 rg BT 142.58 633.20 Td (dial ) Tj ET Q q 0 0 0 rg BT 162.54 633.20 Td (1-888-390-0546 ) Tj ET Q q 0 0 0 rg BT 242.49 633.20 Td (or ) Tj ET Q q 0 0 0 rg BT 254.44 633.20 Td (\(416\) ) Tj ET Q q 0 0 0 rg BT 282.40 633.20 Td (764-8688 ) Tj ET Q q 0 0 0 rg BT 330.35 633.20 Td (\(GT) Tj ET Q q 0 0 0 rg BT 349.39 633.20 Td (A\) ) Tj ET Q q 0 0 0 rg BT 364.01 633.20 Td (at ) Tj ET Q q 0 0 0 rg BT 374.63 633.20 Td (least ) Tj ET Q q 0 0 0 rg BT 398.58 633.20 Td (five ) Tj ET Q q 0 0 0 rg BT 419.20 633.20 Td (minutes ) Tj ET Q q 0 0 0 rg BT 459.16 633.20 Td (before ) Tj ET Q q 0 0 0 rg BT 491.77 633.20 Td (the ) Tj ET Q q 0 0 0 rg BT 508.39 633.20 Td (call ) Tj ET Q q 0 0 0 rg BT 527.67 633.20 Td (begins. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 612.30 Td (A) Tj ET Q q 0 0 0 rg BT 58.00 612.30 Td ( ) Tj ET Q q 0 0 0 rg BT 61.37 612.30 Td (replay ) Tj ET Q q 0 0 0 rg BT 94.71 612.30 Td (will ) Tj ET Q q 0 0 0 rg BT 116.74 612.30 Td (be ) Tj ET Q q 0 0 0 rg BT 131.43 612.30 Td (available ) Tj ET Q q 0 0 0 rg BT 178.10 612.30 Td (through ) Tj ET Q q 0 0 0 rg BT 218.79 612.30 Td (March ) Tj ET Q q 0 0 0 rg BT 253.47 612.30 Td (29, ) Tj ET Q q 0 0 0 rg BT 271.83 612.30 Td (2019 ) Tj ET Q q 0 0 0 rg BT 299.19 612.30 Td (by ) Tj ET Q q 0 0 0 rg BT 314.55 612.30 Td (calling ) Tj ET Q q 0 0 0 rg BT 350.57 612.30 Td (toll ) Tj ET Q q 0 0 0 rg BT 369.93 612.30 Td (free ) Tj ET Q q 0 0 0 rg BT 391.94 612.30 Td (1-888-390-0541 ) Tj ET Q q 0 0 0 rg BT 473.29 612.30 Td (or ) Tj ET Q q 0 0 0 rg BT 486.65 612.30 Td (\(416\) ) Tj ET Q q 0 0 0 rg BT 516.00 612.30 Td (764-8677 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 591.40 Td (\(GT) Tj ET Q q 0 0 0 rg BT 69.03 591.40 Td (A\), ) Tj ET Q q 0 0 0 rg BT 87.69 591.40 Td (followed ) Tj ET Q q 0 0 0 rg BT 133.35 591.40 Td (by ) Tj ET Q q 0 0 0 rg BT 148.35 591.40 Td (passcode ) Tj ET Q q 0 0 0 rg BT 194.67 591.40 Td (774241.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 50.00 558.55 Td (Summary ) Tj ET Q q 0 0 0 rg BT 108.03 558.55 Td (of ) Tj ET Q q 0 0 0 rg BT 122.69 558.55 Td (Results ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 536.05 m 50.5 524.05 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 536.05 m 263.5 536.05 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 536.05 m 328.5 536.05 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 536.05 m 340.5 536.05 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 536.05 m 406.5 536.05 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 536.05 m 418.5 536.05 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 536.05 m 484.5 536.05 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 536.05 m 496.5 536.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 536.05 m 562.5 524.05 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 536.05 m 562.5 536.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 524.05 m 50.5 512.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 524.05 m 562.5 512.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 512.05 m 50.5 500.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 512.05 m 562.5 500.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 500.04999999999995 m 50.5 484.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 500.04999999999995 m 562.5 484.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 484.04999999999995 m 50.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 471.04999999999995 m 263.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 471.04999999999995 m 328.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 471.04999999999995 m 340.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 471.04999999999995 m 406.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 471.04999999999995 m 418.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 471.04999999999995 m 484.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 471.04999999999995 m 496.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 484.04999999999995 m 562.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 471.04999999999995 m 562.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 471.04999999999995 m 50.5 459.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 471.04999999999995 m 328.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 471.04999999999995 m 340.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 471.04999999999995 m 406.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 471.04999999999995 m 418.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 471.04999999999995 m 484.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 471.04999999999995 m 496.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 471.04999999999995 m 562.5 459.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 471.04999999999995 m 562.5 471.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 459.04999999999995 m 50.5 447.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 459.04999999999995 m 562.5 447.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 447.04999999999995 m 50.5 435.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 447.04999999999995 m 562.5 435.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 435.04999999999995 m 50.5 423.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 435.04999999999995 m 562.5 423.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 423.04999999999995 m 50.5 411.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 423.04999999999995 m 562.5 411.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 411.04999999999995 m 50.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 399.04999999999995 m 263.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 399.04999999999995 m 328.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 399.04999999999995 m 340.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 399.04999999999995 m 406.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 399.04999999999995 m 418.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 399.04999999999995 m 484.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 399.04999999999995 m 496.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 411.04999999999995 m 562.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 399.04999999999995 m 562.5 399.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 399.04999999999995 m 50.5 387.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 399.04999999999995 m 562.5 387.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 387.04999999999995 m 50.5 375.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 375.04999999999995 m 263.5 375.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 375.04999999999995 m 328.5 375.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 375.04999999999995 m 340.5 375.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 375.04999999999995 m 406.5 375.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 375.04999999999995 m 418.5 375.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 375.04999999999995 m 484.5 375.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 375.04999999999995 m 496.5 375.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 387.04999999999995 m 562.5 375.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 375.04999999999995 m 562.5 375.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 375.04999999999995 m 50.5 363.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 375.04999999999995 m 562.5 363.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 363.04999999999995 m 50.5 351.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 363.04999999999995 m 562.5 351.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 351.04999999999995 m 50.5 339.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 351.04999999999995 m 562.5 339.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 339.04999999999995 m 50.5 327.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 339.04999999999995 m 562.5 327.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 327.04999999999995 m 50.5 315.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 327.04999999999995 m 562.5 315.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 315.04999999999995 m 50.5 303.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 303.04999999999995 m 263.5 303.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 303.04999999999995 m 328.5 303.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 303.04999999999995 m 340.5 303.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 303.04999999999995 m 406.5 303.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 303.04999999999995 m 418.5 303.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 303.04999999999995 m 484.5 303.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 303.04999999999995 m 496.5 303.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 315.04999999999995 m 562.5 303.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 303.04999999999995 m 562.5 303.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 303.04999999999995 m 50.5 291.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 291.04999999999995 m 263.5 291.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 291.04999999999995 m 328.5 291.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 291.04999999999995 m 340.5 291.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 291.04999999999995 m 406.5 291.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 291.04999999999995 m 418.5 291.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 291.04999999999995 m 484.5 291.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 291.04999999999995 m 496.5 291.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 303.04999999999995 m 562.5 291.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 291.04999999999995 m 562.5 291.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 291.04999999999995 m 50.5 279.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 291.04999999999995 m 562.5 279.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 279.04999999999995 m 50.5 267.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 279.04999999999995 m 562.5 267.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 267.04999999999995 m 50.5 252.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 252.04999999999995 m 263.5 252.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 252.04999999999995 m 328.5 252.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 252.04999999999995 m 340.5 252.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 252.04999999999995 m 406.5 252.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 252.04999999999995 m 418.5 252.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 252.04999999999995 m 484.5 252.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 252.04999999999995 m 496.5 252.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 267.04999999999995 m 562.5 252.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 252.04999999999995 m 562.5 252.04999999999995 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 527.73 Td (Selected ) Tj ET Q q 0 0 0 rg BT 88.13 527.73 Td (Unaudited ) Tj ET Q q 0 0 0 rg BT 129.46 527.73 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 182.35 527.73 Td (Financial ) Tj ET Q q 0 0 0 rg BT 219.25 527.73 Td (Information ) Tj ET Q q 0 0 0 rg BT 265.47 527.73 Td (\(in ) Tj ET Q q 0 0 0 rg BT 277.46 527.73 Td (thousands ) Tj ET Q q 0 0 0 rg BT 320.13 527.73 Td (of ) Tj ET Q q 0 0 0 rg BT 329.91 527.73 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 368.14 527.73 Td (dollars\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 310.20 504.05 Td (Y) Tj ET Q q 0 0 0 rg BT 314.68 504.05 Td (ear) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 388.20 504.05 Td (Y) Tj ET Q q 0 0 0 rg BT 392.68 504.05 Td (ear) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 434.70 504.05 Td (Three months) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 512.70 504.05 Td (Three months) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 268.55 492.45 Td (ended December) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 317.20 485.50 Td (31) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 346.55 492.45 Td (ended December) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.20 485.50 Td (31) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 424.55 492.45 Td (ended December) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 473.20 485.50 Td (31) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 502.55 492.45 Td (ended December) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 551.20 485.50 Td (31) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 309.40 475.05 Td (2018) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 387.40 475.05 Td (2017) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 465.40 475.05 Td (2018) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 543.40 475.05 Td (2017) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 463.05 Td (T) Tj ET Q q 0 0 0 rg BT 56.89 463.05 Td (otal sales) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 266.00 463.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 290.60 463.05 Td (1,134,267) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 343.00 463.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 368.55 463.05 Td (1,045,840) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 421.00 463.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 452.40 463.05 Td (274,985) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 499.00 463.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 530.40 463.05 Td (249,536) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 59.00 451.00 Td (Sales in the US \(US$\)) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 296.40 451.00 Td (766,662) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 374.40 451.00 Td (699,776) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 452.40 451.00 Td (182,933) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 530.40 451.00 Td (171,066) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 59.00 439.00 Td (Sales in Canada) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 296.40 439.00 Td (140,903) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 374.40 439.00 Td (137,1) Tj ET Q q 0 0 0 rg BT 391.92 439.00 Td (10) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 456.25 439.00 Td (33,232) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 534.30 439.00 Td (32,041) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 427.05 Td (Gross profit) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 296.40 427.05 Td (200,548) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 374.40 427.05 Td (191,875) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 456.25 427.05 Td (47,440) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 534.30 427.05 Td (44,503) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 59.00 415.00 Td (Gross profit %) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 302.10 415.00 Td (17.7) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 315.75 415.00 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 380.05 415.00 Td (18.3) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 393.75 415.00 Td (%) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 464.10 415.05 Td (17.3) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 477.75 415.05 Td (%) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 542.10 415.05 Td (17.8) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 555.75 415.05 Td (%) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 403.05 Td (Operating expenses) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 294.10 403.05 Td (\(154,213) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 321.75 403.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 372.05 403.05 Td (\(142,790) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 399.75 403.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 454.00 403.05 Td (\(38,920) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 477.75 403.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 532.00 403.05 Td (\(35,1) Tj ET Q q 0 0 0 rg BT 547.96 403.05 Td (12) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 555.75 403.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 391.05 Td (Profit from operating activities) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 300.30 391.05 Td (46,335) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 378.25 391.05 Td (49,085) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 460.20 391.05 Td (8,520) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 538.20 391.05 Td (9,391) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 379.05 Td (Add: Depreciation and amortization) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 304.20 379.05 Td (6,847) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 382.20 379.05 Td (6,504) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 460.20 379.05 Td (1,803) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 538.20 379.05 Td (1,608) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 367.05 Td (Earnings before interest, taxes, depreciation and) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 59.00 355.05 Td (amortization \("EBITDA"\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 266.00 355.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 300.30 355.05 Td (53,182) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 343.00 355.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 378.25 355.05 Td (55,589) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 421.00 355.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 456.25 355.05 Td (10,323) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 499.00 355.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 534.30 355.05 Td (10,999) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 59.00 343.05 Td (Add \(deduct\):) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 65.00 331.05 Td (Depreciation and amortization) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 301.90 331.05 Td (\(6,847) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 321.75 331.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 379.90 331.05 Td (\(6,504) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 399.75 331.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 457.90 331.05 Td (\(1,803) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 477.75 331.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 535.90 331.05 Td (\(1,608) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 555.75 331.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 65.00 319.05 Td (Net finance income \(expense\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 301.90 319.05 Td (\(3,398) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 321.75 319.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 379.90 319.05 Td (\(2,502) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 399.75 319.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 463.70 319.05 Td (\(714) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 477.75 319.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 541.70 319.05 Td (\(677) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 555.75 319.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 65.00 307.05 Td (Income tax expense) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 298.00 307.05 Td (\(10,778) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 321.75 307.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 376.00 307.05 Td (\(16,629) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 399.75 307.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 457.90 307.05 Td (\(1,929) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 477.75 307.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 535.90 307.05 Td (\(3,770) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 555.75 307.05 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 295.05 Td (Profit for the period) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 266.00 295.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 300.30 295.05 Td (32,159) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 343.00 295.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 378.25 295.05 Td (29,954) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 421.00 295.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 460.20 295.05 Td (5,877) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 499.00 295.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 538.20 295.05 Td (4,944) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 283.05 Td (Basic profit per share) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 266.00 283.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 308.10 283.05 Td (1.50) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 343.00 283.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 386.05 283.05 Td (1.40) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 421.00 283.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 464.10 283.05 Td (0.27) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 499.00 283.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 542.10 283.05 Td (0.23) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 271.05 Td (Diluted profit per share) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 266.00 271.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 308.10 271.05 Td (1.49) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 343.00 271.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 386.05 271.05 Td (1.39) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 421.00 271.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 464.10 271.05 Td (0.27) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 499.00 271.05 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 542.10 271.05 Td (0.23) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 256.05 Td (A) Tj ET Q q 0 0 0 rg BT 57.54 256.05 Td (verage Canadian dollar exchange rate for one US dollar) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 304.20 256.05 Td (1.296) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 382.20 256.05 Td (1.299) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 460.20 256.05 Td (1.320) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 538.20 256.05 Td (1.271) Tj ET Q BT /F1 12.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 30.20 Td (6) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 50.5 736.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 241.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 748.5 m 314.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 748.5 m 326.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 748.5 m 399.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 748.5 m 410.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 748.5 m 484.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 748.5 m 495.5 748.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 748.5 m 555.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 748.5 m 562.5 736.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 555.5 748.5 m 562.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 736.5 m 50.5 724.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 736.5 m 562.5 724.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 724.5 m 50.5 712.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 724.5 m 562.5 712.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 712.5 m 50.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 712.5 m 562.5 696.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 696.5 m 50.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 683.5 m 241.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 683.5 m 314.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 683.5 m 326.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 683.5 m 399.5 683.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 683.5 m 410.5 683.5 l s 0 0 0 RG 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3 M 326.5 467.5 m 399.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 467.5 m 410.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 467.5 m 484.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 467.5 m 495.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 467.5 m 555.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 479.5 m 562.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555.5 467.5 m 562.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 467.5 m 50.5 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 467.5 m 562.5 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 455.5 m 50.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 450.5 m 241.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 450.5 m 314.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 450.5 m 326.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 450.5 m 399.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 450.5 m 410.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 450.5 m 484.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 450.5 m 495.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 450.5 m 555.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 562.5 455.5 m 562.5 450.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555.5 450.5 m 562.5 450.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 740.18 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 88.13 740.18 Td (of ) Tj ET Q q 0 0 0 rg BT 97.90 740.18 Td (Specific ) Tj ET Q q 0 0 0 rg BT 130.80 740.18 Td (Items ) Tj ET Q q 0 0 0 rg BT 153.63 740.18 Td (Affecting ) Tj ET Q q 0 0 0 rg BT 190.52 740.18 Td (Comparability ) Tj ET Q q 0 0 0 rg BT 246.08 740.18 Td (\(in ) Tj ET Q q 0 0 0 rg BT 258.08 740.18 Td (thousands ) Tj ET Q q 0 0 0 rg BT 300.75 740.18 Td (of ) Tj ET Q q 0 0 0 rg BT 310.52 740.18 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 348.75 740.18 Td (dollars\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 296.20 716.50 Td (Y) Tj ET Q q 0 0 0 rg BT 300.68 716.50 Td (ear) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 381.20 716.50 Td (Y) Tj ET Q q 0 0 0 rg BT 385.68 716.50 Td (ear) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 434.70 716.50 Td (Three months) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 505.70 716.50 Td (Three months) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 244.85 700.50 Td (ended December 31) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 329.85 700.50 Td (ended December 31) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 414.85 700.50 Td (ended December 31) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 531.35 704.90 Td (ended) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 508.40 697.95 Td (December 31) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 295.40 687.50 Td (2018) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 380.40 687.50 Td (2017) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 465.40 687.50 Td (2018) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 536.40 687.50 Td (2017) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 675.50 Td (Earnings before interest, taxes, depreciation and) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 59.00 663.50 Td (amortization \("EBITDA"\), per table above) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 244.00 663.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 286.30 663.50 Td (53,182) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 329.00 663.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 371.25 663.50 Td (55,589) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 413.00 663.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 456.25 663.50 Td (10,323) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 498.00 663.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 527.30 663.50 Td (10,999) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 651.50 Td (Non-cash L) Tj ET Q q 0 0 0 rg BT 88.54 651.50 Td (TIP) Tj ET Q q 0 0 0 rg BT 99.10 651.50 Td ( expense) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 290.20 651.50 Td (2,096) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 375.20 651.50 Td (3,287) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 463.70 651.50 Td (\(261) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 477.75 651.50 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 537.05 651.50 Td (558) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 639.50 Td (Allowance for duty deposits) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 296.05 639.50 Td (880) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 385.75 639.50 Td () Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 470.75 639.45 Td () Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 541.75 639.50 Td () Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 627.50 Td (T) Tj ET Q q 0 0 0 rg BT 57.15 627.50 Td (ransaction expenses) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 299.95 627.50 Td (89) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 381.00 627.50 Td (273) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 470.75 627.45 Td () Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 541.75 627.50 Td () Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 615.50 Td (Adjusted EBITDA) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 244.00 615.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 286.30 615.50 Td (56,247) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 329.00 615.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 371.25 615.50 Td (59,149) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 413.00 615.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 456.25 615.50 Td (10,062) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 498.00 615.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 527.30 615.50 Td (1) Tj ET Q q 0 0 0 rg BT 531.19 615.50 Td (1,557) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 53.00 603.45 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 107.21 603.45 Td ( as a % of revenue) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 292.00 603.45 Td (5.0) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 301.75 603.45 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 377.00 603.45 Td (5.7) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 386.75 603.45 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 462.00 603.45 Td (3.7) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 471.75 603.45 Td (%) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 533.00 603.45 Td (4.6) Tj ET Q BT /F6 7.00 Tf ET q 0 0 0 rg BT 542.75 603.45 Td (%) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 579.50 Td (Profit for the period, as reported) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 244.00 579.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 286.30 579.50 Td (32,159) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 329.00 579.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 371.25 579.50 Td (29,954) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 413.00 579.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 460.20 579.50 Td (5,877) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 498.00 579.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 531.20 579.50 Td (4,944) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 567.50 Td (Other adjustments, net of tax) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 290.20 567.50 Td (2,623) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 375.20 567.50 Td (3,307) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 463.70 567.50 Td (\(268) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 477.75 567.50 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 537.05 567.50 Td (531) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 555.50 Td (Adjusted profit) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 244.00 555.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 286.30 555.50 Td (34,782) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 329.00 555.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 371.25 555.50 Td (33,261) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 413.00 555.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 460.20 555.50 Td (5,609) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 498.00 555.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 531.20 555.50 Td (5,475) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 531.50 Td (Basic profit per share, as reported) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 244.00 531.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 294.10 531.50 Td (1.50) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 329.00 531.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 379.05 531.50 Td (1.40) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 413.00 531.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 464.10 531.50 Td (0.27) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 498.00 531.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 535.10 531.50 Td (0.23) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 519.50 Td (Net impact of above items per share) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 294.10 519.50 Td (0.12) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 379.05 519.50 Td (0.15) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 461.75 519.50 Td (\(0.01) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 477.75 519.50 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 535.10 519.50 Td (0.02) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 507.50 Td (Adjusted basic profit per share) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 244.00 507.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 294.10 507.50 Td (1.62) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 329.00 507.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 379.05 507.50 Td (1.55) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 413.00 507.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 464.10 507.50 Td (0.26) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 498.00 507.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 535.10 507.50 Td (0.25) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 483.50 Td (Diluted profit per share, as reported) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 244.00 483.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 294.10 483.50 Td (1.49) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 329.00 483.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 379.05 483.50 Td (1.39) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 413.00 483.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 464.10 483.50 Td (0.27) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 498.00 483.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 535.10 483.50 Td (0.23) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 471.50 Td (Net impact of above items per share) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 294.10 471.50 Td (0.12) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 379.05 471.50 Td (0.15) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 461.75 471.50 Td (\(0.01) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 477.75 471.50 Td (\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 535.10 471.50 Td (0.02) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 53.00 459.50 Td (Adjusted diluted profit per share) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 244.00 459.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 294.10 459.50 Td (1.61) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 329.00 459.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 379.05 459.50 Td (1.54) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 413.00 459.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 464.10 459.50 Td (0.26) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 498.00 459.50 Td ($) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 535.10 459.50 Td (0.25) Tj ET Q BT /F1 12.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 418.15 Td (Results ) Tj ET Q q 0 0 0 rg BT 90.34 418.15 Td (fr) Tj ET Q q 0 0 0 rg BT 99.44 418.15 Td (om ) Tj ET Q q 0 0 0 rg BT 118.44 418.15 Td (Operations ) Tj ET Q q 0 0 0 rg BT 178.77 418.15 Td (- ) Tj ET Q q 0 0 0 rg BT 185.32 418.15 Td (Y) Tj ET Q q 0 0 0 rg BT 192.66 418.15 Td (ear) Tj ET Q q 0 0 0 rg BT 209.09 418.15 Td ( ) Tj ET Q q 0 0 0 rg BT 212.09 418.15 Td (Ended ) Tj ET Q q 0 0 0 rg BT 248.45 418.15 Td (December) Tj ET Q q 0 0 0 rg BT 300.20 418.15 Td (31, ) Tj ET Q q 0 0 0 rg BT 321.20 418.15 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (For ) Tj ET Q q 0 0 0 rg BT 68.88 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.75 385.25 Td (year ) Tj ET Q q 0 0 0 rg BT 108.60 385.25 Td (ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 139.46 385.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 208.97 385.25 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 232.97 385.25 Td (, ) Tj ET Q q 0 0 0 rg BT 238.18 385.25 Td (total ) Tj ET Q q 0 0 0 rg BT 261.71 385.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 287.25 385.25 Td (increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 334.76 385.25 Td (8.5%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 359.75 385.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.96 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.50 385.25 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 379.50 385.25 Td (1,134.3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.50 385.25 Td ( ) Tj ET Q q 0 0 0 rg BT 417.71 385.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 457.59 385.25 Td (from ) Tj ET Q q 0 0 0 rg BT 483.12 385.25 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 489.12 385.25 Td (1,045.8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.12 385.25 Td ( ) Tj ET Q q 0 0 0 rg BT 527.33 385.25 Td (million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 364.40 Td (in ) Tj ET Q q 0 0 0 rg BT 62.33 364.40 Td (2017. ) Tj ET Q q 0 0 0 rg BT 92.33 364.40 Td (Of ) Tj ET Q q 0 0 0 rg BT 107.99 364.40 Td (the ) Tj ET Q q 0 0 0 rg BT 125.65 364.40 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 131.65 364.40 Td (88.4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 152.65 364.40 Td ( ) Tj ET Q q 0 0 0 rg BT 155.65 364.40 Td (million ) Tj ET Q q 0 0 0 rg BT 193.32 364.40 Td (year) Tj ET Q q 0 0 0 rg BT 213.73 364.40 Td (-over) Tj ET Q q 0 0 0 rg BT 238.80 364.40 Td (-year ) Tj ET Q q 0 0 0 rg BT 266.45 364.40 Td (increase, ) Tj ET Q q 0 0 0 rg BT 311.75 364.40 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 317.75 364.40 Td (64.1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 338.75 364.40 Td ( ) Tj ET Q q 0 0 0 rg BT 341.75 364.40 Td (million, ) Tj ET Q q 0 0 0 rg BT 382.42 364.40 Td (representing ) Tj ET Q q 0 0 0 rg BT 444.72 364.40 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 453.05 364.40 Td (6.1%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 478.04 364.40 Td ( ) Tj ET Q q 0 0 0 rg BT 481.04 364.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 523.35 364.40 Td (in ) Tj ET Q q 0 0 0 rg BT 535.68 364.40 Td (sales, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 343.50 Td (was ) Tj ET Q q 0 0 0 rg BT 71.50 343.50 Td (due ) Tj ET Q q 0 0 0 rg BT 91.66 343.50 Td (to ) Tj ET Q q 0 0 0 rg BT 103.83 343.50 Td (or) Tj ET Q q 0 0 0 rg BT 113.60 343.50 Td (ganic ) Tj ET Q q 0 0 0 rg BT 142.43 343.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 179.26 343.50 Td (and ) Tj ET Q q 0 0 0 rg BT 199.42 343.50 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 205.42 343.50 Td (26.5) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 226.42 343.50 Td ( ) Tj ET Q q 0 0 0 rg BT 229.25 343.50 Td (million, ) Tj ET Q q 0 0 0 rg BT 269.76 343.50 Td (representing ) Tj ET Q q 0 0 0 rg BT 331.90 343.50 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 340.06 343.50 Td (2.5%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 365.06 343.50 Td ( ) Tj ET Q q 0 0 0 rg BT 367.89 343.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 410.03 343.50 Td (in ) Tj ET Q q 0 0 0 rg BT 422.20 343.50 Td (sales, ) Tj ET Q q 0 0 0 rg BT 451.36 343.50 Td (was ) Tj ET Q q 0 0 0 rg BT 472.85 343.50 Td (due ) Tj ET Q q 0 0 0 rg BT 493.02 343.50 Td (to ) Tj ET Q q 0 0 0 rg BT 505.18 343.50 Td (the ) Tj ET Q q 0 0 0 rg BT 522.68 343.50 Td (addition ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 322.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.64 322.60 Td (Acquired ) Tj ET Q q 0 0 0 rg BT 108.40 322.60 Td (Businesses. ) Tj ET Q q 0 0 0 rg BT 166.03 322.60 Td (These ) Tj ET Q q 0 0 0 rg BT 196.79 322.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 224.23 322.60 Td (were ) Tj ET Q q 0 0 0 rg BT 249.66 322.60 Td (partially ) Tj ET Q q 0 0 0 rg BT 291.75 322.60 Td (of) Tj ET Q q 0 0 0 rg BT 301.53 322.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 320.97 322.60 Td (by ) Tj ET Q q 0 0 0 rg BT 335.08 322.60 Td (a ) Tj ET Q q 0 0 0 rg BT 342.52 322.60 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 348.52 322.60 Td (2.2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.52 322.60 Td ( ) Tj ET Q q 0 0 0 rg BT 365.63 322.60 Td (million ) Tj ET Q q 0 0 0 rg BT 402.41 322.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 445.17 322.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 481.93 322.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 529.35 322.60 Td (impact ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 301.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 96.86 301.75 Td (from ) Tj ET Q q 0 0 0 rg BT 125.05 301.75 Td (a ) Tj ET Q q 0 0 0 rg BT 135.24 301.75 Td (stronger ) Tj ET Q q 0 0 0 rg BT 179.43 301.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 229.61 301.75 Td (dollar ) Tj ET Q q 0 0 0 rg BT 262.47 301.75 Td (when ) Tj ET Q q 0 0 0 rg BT 293.33 301.75 Td (translating ) Tj ET Q q 0 0 0 rg BT 348.85 301.75 Td (US ) Tj ET Q q 0 0 0 rg BT 369.05 301.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 397.25 301.75 Td (to ) Tj ET Q q 0 0 0 rg BT 411.44 301.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 461.63 301.75 Td (dollars ) Tj ET Q q 0 0 0 rg BT 499.15 301.75 Td (for ) Tj ET Q q 0 0 0 rg BT 518.01 301.75 Td (reporting ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 280.85 Td (purposes.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 248.00 Td (Sales ) Tj ET Q q 0 0 0 rg BT 79.31 248.00 Td (from ) Tj ET Q q 0 0 0 rg BT 106.61 248.00 Td (US ) Tj ET Q q 0 0 0 rg BT 125.93 248.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 179.90 248.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 229.18 248.00 Td (by ) Tj ET Q q 0 0 0 rg BT 245.16 248.00 Td (US$) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 266.50 248.00 Td (66.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 287.50 248.00 Td ( ) Tj ET Q q 0 0 0 rg BT 291.48 248.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 333.13 248.00 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 347.10 248.00 Td (9.6%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.10 248.00 Td (, ) Tj ET Q q 0 0 0 rg BT 379.07 248.00 Td (to ) Tj ET Q q 0 0 0 rg BT 392.39 248.00 Td (US$) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 413.73 248.00 Td (766.7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 440.73 248.00 Td ( ) Tj ET Q q 0 0 0 rg BT 444.71 248.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 486.35 248.00 Td (from ) Tj ET Q q 0 0 0 rg BT 513.66 248.00 Td (US$) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 535.00 248.00 Td (699.8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 562.00 248.00 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (million ) Tj ET Q q 0 0 0 rg BT 86.53 227.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.72 227.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 126.57 227.10 Td (Or) Tj ET Q q 0 0 0 rg BT 139.02 227.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 166.86 227.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 202.71 227.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 247.22 227.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.41 227.10 Td (US$) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 275.75 227.10 Td (46.4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 296.75 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 298.60 227.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 338.13 227.10 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 349.98 227.10 Td (6.6%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 374.98 227.10 Td (, ) Tj ET Q q 0 0 0 rg BT 379.83 227.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 420.99 227.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.18 227.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 460.36 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.55 227.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 516.71 227.10 Td (increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 206.20 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 96.17 206.20 Td (as ) Tj ET Q q 0 0 0 rg BT 108.66 206.20 Td (well ) Tj ET Q q 0 0 0 rg BT 131.83 206.20 Td (as ) Tj ET Q q 0 0 0 rg BT 144.32 206.20 Td (some ) Tj ET Q q 0 0 0 rg BT 172.16 206.20 Td (price ) Tj ET Q q 0 0 0 rg BT 198.64 206.20 Td (inflation ) Tj ET Q q 0 0 0 rg BT 241.80 206.20 Td (on ) Tj ET Q q 0 0 0 rg BT 256.30 206.20 Td (certain ) Tj ET Q q 0 0 0 rg BT 291.45 206.20 Td (product ) Tj ET Q q 0 0 0 rg BT 330.61 206.20 Td (lines. ) Tj ET Q q 0 0 0 rg BT 358.59 206.20 Td (The ) Tj ET Q q 0 0 0 rg BT 379.20 206.20 Td (Acquired ) Tj ET Q q 0 0 0 rg BT 426.35 206.20 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 481.52 206.20 Td (contributed ) Tj ET Q q 0 0 0 rg BT 538.67 206.20 Td (sales ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 185.35 Td (of ) Tj ET Q q 0 0 0 rg BT 63.61 185.35 Td (US$) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 84.95 185.35 Td (20.4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 105.95 185.35 Td ( ) Tj ET Q q 0 0 0 rg BT 109.57 185.35 Td (million. ) Tj ET Q q 0 0 0 rg BT 150.86 185.35 Td (Sales ) Tj ET Q q 0 0 0 rg BT 179.81 185.35 Td (in ) Tj ET Q q 0 0 0 rg BT 192.76 185.35 Td (Canada ) Tj ET Q q 0 0 0 rg BT 232.36 185.35 Td (increased ) Tj ET Q q 0 0 0 rg BT 281.28 185.35 Td (by ) Tj ET Q q 0 0 0 rg BT 296.90 185.35 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 302.90 185.35 Td (3.8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 317.90 185.35 Td ( ) Tj ET Q q 0 0 0 rg BT 321.52 185.35 Td (million, ) Tj ET Q q 0 0 0 rg BT 362.81 185.35 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 376.42 185.35 Td (2.8%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 401.42 185.35 Td (, ) Tj ET Q q 0 0 0 rg BT 408.04 185.35 Td (year) Tj ET Q q 0 0 0 rg BT 428.45 185.35 Td (-over) Tj ET Q q 0 0 0 rg BT 453.52 185.35 Td (-year) Tj ET Q q 0 0 0 rg BT 477.51 185.35 Td (. ) Tj ET Q q 0 0 0 rg BT 484.12 185.35 Td ( ) Tj ET Q q 0 0 0 rg BT 487.48 185.35 Td (The ) Tj ET Q q 0 0 0 rg BT 509.76 185.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 552.68 185.35 Td (in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 164.45 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 98.32 164.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 124.64 164.45 Td (was ) Tj ET Q q 0 0 0 rg BT 146.30 164.45 Td (entirely ) Tj ET Q q 0 0 0 rg BT 185.96 164.45 Td (or) Tj ET Q q 0 0 0 rg BT 195.73 164.45 Td (ganic ) Tj ET Q q 0 0 0 rg BT 224.72 164.45 Td (and ) Tj ET Q q 0 0 0 rg BT 245.05 164.45 Td (reflects ) Tj ET Q q 0 0 0 rg BT 283.36 164.45 Td (HDI's ) Tj ET Q q 0 0 0 rg BT 314.52 164.45 Td (success ) Tj ET Q q 0 0 0 rg BT 353.50 164.45 Td (in ) Tj ET Q q 0 0 0 rg BT 365.84 164.45 Td (winning ) Tj ET Q q 0 0 0 rg BT 408.17 164.45 Td (new ) Tj ET Q q 0 0 0 rg BT 431.16 164.45 Td (business.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 131.60 Td (Gross ) Tj ET Q q 0 0 0 rg BT 81.12 131.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 110.90 131.60 Td (for ) Tj ET Q q 0 0 0 rg BT 128.01 131.60 Td (the ) Tj ET Q q 0 0 0 rg BT 145.79 131.60 Td (year ) Tj ET Q q 0 0 0 rg BT 169.56 131.60 Td (ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 201.33 131.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 271.75 131.60 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 295.75 131.60 Td ( ) Tj ET Q q 0 0 0 rg BT 298.87 131.60 Td (increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 347.29 131.60 Td (4.5%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 372.28 131.60 Td ( ) Tj ET Q q 0 0 0 rg BT 375.40 131.60 Td (to ) Tj ET Q q 0 0 0 rg BT 387.86 131.60 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 393.86 131.60 Td (200.5) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 420.86 131.60 Td ( ) Tj ET Q q 0 0 0 rg BT 423.97 131.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 464.76 131.60 Td (from ) Tj ET Q q 0 0 0 rg BT 491.21 131.60 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 497.21 131.60 Td (191.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.21 131.60 Td ( ) Tj ET Q q 0 0 0 rg BT 527.33 131.60 Td (million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 110.70 Td (in ) Tj ET Q q 0 0 0 rg BT 61.81 110.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 91.28 110.70 Td ( ) Tj ET Q q 0 0 0 rg BT 93.58 110.70 Td (This ) Tj ET Q q 0 0 0 rg BT 117.39 110.70 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 123.39 110.70 Td (8.7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 138.39 110.70 Td ( ) Tj ET Q q 0 0 0 rg BT 140.86 110.70 Td (million ) Tj ET Q q 0 0 0 rg BT 178.00 110.70 Td (improvement ) Tj ET Q q 0 0 0 rg BT 244.46 110.70 Td (reflects ) Tj ET Q q 0 0 0 rg BT 282.25 110.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 315.38 110.70 Td (sales, ) Tj ET Q q 0 0 0 rg BT 344.18 110.70 Td (partially ) Tj ET Q q 0 0 0 rg BT 386.63 110.70 Td (of) Tj ET Q q 0 0 0 rg BT 396.41 110.70 Td (fset ) Tj ET Q q 0 0 0 rg BT 416.21 110.70 Td (by ) Tj ET Q q 0 0 0 rg BT 430.69 110.70 Td (a ) Tj ET Q q 0 0 0 rg BT 438.49 110.70 Td (lower ) Tj ET Q q 0 0 0 rg BT 468.28 110.70 Td (gross ) Tj ET Q q 0 0 0 rg BT 496.09 110.70 Td (profit ) Tj ET Q q 0 0 0 rg BT 525.23 110.70 Td (mar) Tj ET Q q 0 0 0 rg BT 543.67 110.70 Td (gin. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 77.85 Td (For ) Tj ET Q q 0 0 0 rg BT 68.97 77.85 Td (the ) Tj ET Q q 0 0 0 rg BT 85.92 77.85 Td (year ) Tj ET Q q 0 0 0 rg BT 108.86 77.85 Td (ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 139.81 77.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 209.41 77.85 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 233.41 77.85 Td (, ) Tj ET Q q 0 0 0 rg BT 238.70 77.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.32 77.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 331.93 77.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 379.53 77.85 Td (to ) Tj ET Q q 0 0 0 rg BT 391.16 77.85 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 397.16 77.85 Td (154.2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 424.16 77.85 Td ( ) Tj ET Q q 0 0 0 rg BT 426.45 77.85 Td (million, ) Tj ET Q q 0 0 0 rg BT 466.42 77.85 Td (from ) Tj ET Q q 0 0 0 rg BT 492.04 77.85 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 498.04 77.85 Td (142.8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.04 77.85 Td ( ) Tj ET Q q 0 0 0 rg BT 527.34 77.85 Td (million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 56.95 Td (in ) Tj ET Q q 0 0 0 rg BT 63.95 56.95 Td (2017. ) Tj ET Q q 0 0 0 rg BT 95.23 56.95 Td (The ) Tj ET Q q 0 0 0 rg BT 118.50 56.95 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 124.50 56.95 Td (1) Tj ET Q q 0 0 0 rg BT 130.05 56.95 Td (1.4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 145.05 56.95 Td ( ) Tj ET Q q 0 0 0 rg BT 149.66 56.95 Td (million ) Tj ET Q q 0 0 0 rg BT 188.95 56.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 232.87 56.95 Td (includes ) Tj ET Q q 0 0 0 rg BT 277.47 56.95 Td (is ) Tj ET Q q 0 0 0 rg BT 290.09 56.95 Td (primarily ) Tj ET Q q 0 0 0 rg BT 339.35 56.95 Td (comprised ) Tj ET Q q 0 0 0 rg BT 393.95 56.95 Td (of ) Tj ET Q q 0 0 0 rg BT 408.56 56.95 Td (added ) Tj ET Q q 0 0 0 rg BT 441.83 56.95 Td (costs ) Tj ET Q q 0 0 0 rg BT 470.44 56.95 Td (to ) Tj ET Q q 0 0 0 rg BT 484.39 56.95 Td (support ) Tj ET Q q 0 0 0 rg BT 525.00 56.95 Td (growth, ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 30.20 Td (7) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 99.14 740.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 146.28 740.70 Td (related ) Tj ET Q q 0 0 0 rg BT 182.75 740.70 Td (to ) Tj ET Q q 0 0 0 rg BT 195.90 740.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 241.04 740.70 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 298.53 740.70 Td (and ) Tj ET Q q 0 0 0 rg BT 319.67 740.70 Td (an ) Tj ET Q q 0 0 0 rg BT 334.82 740.70 Td (allowance ) Tj ET Q q 0 0 0 rg BT 387.29 740.70 Td (related ) Tj ET Q q 0 0 0 rg BT 423.75 740.70 Td (to ) Tj ET Q q 0 0 0 rg BT 436.91 740.70 Td (a ) Tj ET Q q 0 0 0 rg BT 446.06 740.70 Td (duty ) Tj ET Q q 0 0 0 rg BT 471.22 740.70 Td (deposit ) Tj ET Q q 0 0 0 rg BT 509.70 740.70 Td (receivable, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 719.80 Td (partially ) Tj ET Q q 0 0 0 rg BT 93.43 719.80 Td (of) Tj ET Q q 0 0 0 rg BT 103.21 719.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 123.99 719.80 Td (by ) Tj ET Q q 0 0 0 rg BT 139.44 719.80 Td (transaction ) Tj ET Q q 0 0 0 rg BT 195.54 719.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 222.98 719.80 Td (and ) Tj ET Q q 0 0 0 rg BT 243.76 719.80 Td (the ) Tj ET Q q 0 0 0 rg BT 261.87 719.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 299.97 719.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 348.73 719.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 384.83 719.80 Td (related ) Tj ET Q q 0 0 0 rg BT 420.92 719.80 Td (to ) Tj ET Q q 0 0 0 rg BT 433.71 719.80 Td (a ) Tj ET Q q 0 0 0 rg BT 442.48 719.80 Td (stronger ) Tj ET Q q 0 0 0 rg BT 485.25 719.80 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 534.02 719.80 Td (dollar ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 698.95 Td (on ) Tj ET Q q 0 0 0 rg BT 65.33 698.95 Td (translation ) Tj ET Q q 0 0 0 rg BT 119.31 698.95 Td (of ) Tj ET Q q 0 0 0 rg BT 132.63 698.95 Td (US ) Tj ET Q q 0 0 0 rg BT 151.30 698.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 199.94 698.95 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 248.85 698.95 Td (As ) Tj ET Q q 0 0 0 rg BT 265.51 698.95 Td (a ) Tj ET Q q 0 0 0 rg BT 274.17 698.95 Td (percentage ) Tj ET Q q 0 0 0 rg BT 329.45 698.95 Td (of ) Tj ET Q q 0 0 0 rg BT 342.78 698.95 Td (sales, ) Tj ET Q q 0 0 0 rg BT 372.43 698.95 Td (operating ) Tj ET Q q 0 0 0 rg BT 421.07 698.95 Td (expenses ) Tj ET Q q 0 0 0 rg BT 467.72 698.95 Td (decreased ) Tj ET Q q 0 0 0 rg BT 518.34 698.95 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 531.00 698.95 Td (13.6%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 562.00 698.95 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 678.05 Td (from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 76.33 678.05 Td (13.7%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 107.32 678.05 Td ( ) Tj ET Q q 0 0 0 rg BT 110.32 678.05 Td (year) Tj ET Q q 0 0 0 rg BT 130.73 678.05 Td (-over) Tj ET Q q 0 0 0 rg BT 155.81 678.05 Td (-year) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 645.20 Td (For ) Tj ET Q q 0 0 0 rg BT 68.51 645.20 Td (the ) Tj ET Q q 0 0 0 rg BT 85.01 645.20 Td (year ) Tj ET Q q 0 0 0 rg BT 107.50 645.20 Td (ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 138.00 645.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 207.14 645.20 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 231.14 645.20 Td (, ) Tj ET Q q 0 0 0 rg BT 235.98 645.20 Td (HDI ) Tj ET Q q 0 0 0 rg BT 259.15 645.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 300.97 645.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 344.30 645.20 Td ( ) Tj ET Q q 0 0 0 rg BT 346.14 645.20 Td (of ) Tj ET Q q 0 0 0 rg BT 357.98 645.20 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.98 645.20 Td (53.2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 384.98 645.20 Td ( ) Tj ET Q q 0 0 0 rg BT 386.82 645.20 Td (million, ) Tj ET Q q 0 0 0 rg BT 426.33 645.20 Td (as ) Tj ET Q q 0 0 0 rg BT 438.17 645.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 487.32 645.20 Td (to ) Tj ET Q q 0 0 0 rg BT 498.49 645.20 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 504.49 645.20 Td (55.6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 525.49 645.20 Td ( ) Tj ET Q q 0 0 0 rg BT 527.33 645.20 Td (million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 624.30 Td (in ) Tj ET Q q 0 0 0 rg BT 61.76 624.30 Td (2017. ) Tj ET Q q 0 0 0 rg BT 91.00 624.30 Td (The ) Tj ET Q q 0 0 0 rg BT 112.08 624.30 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 135.51 624.30 Td (million ) Tj ET Q q 0 0 0 rg BT 172.60 624.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 220.34 624.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 262.75 624.30 Td (the ) Tj ET Q q 0 0 0 rg BT 279.83 624.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 314.91 624.30 Td (of ) Tj ET Q q 0 0 0 rg BT 327.33 624.30 Td (a ) Tj ET Q q 0 0 0 rg BT 335.08 624.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 364.82 624.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 392.58 624.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 421.67 624.30 Td (percentage ) Tj ET Q q 0 0 0 rg BT 476.05 624.30 Td (on ) Tj ET Q q 0 0 0 rg BT 490.47 624.30 Td (sales. ) Tj ET Q q 0 0 0 rg BT 518.69 624.30 Td (Adjusted ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 603.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 93.33 603.40 Td ( ) Tj ET Q q 0 0 0 rg BT 96.33 603.40 Td (was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 117.99 603.40 Td ($56.2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 144.99 603.40 Td ( ) Tj ET Q q 0 0 0 rg BT 147.99 603.40 Td (million, ) Tj ET Q q 0 0 0 rg BT 188.66 603.40 Td (a ) Tj ET Q q 0 0 0 rg BT 196.99 603.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 241.29 603.40 Td (of ) Tj ET Q q 0 0 0 rg BT 254.28 603.40 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 278.28 603.40 Td (million ) Tj ET Q q 0 0 0 rg BT 315.95 603.40 Td (from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 342.28 603.40 Td ($59.1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 369.28 603.40 Td ( ) Tj ET Q q 0 0 0 rg BT 372.28 603.40 Td (million ) Tj ET Q q 0 0 0 rg BT 409.95 603.40 Td (in ) Tj ET Q q 0 0 0 rg BT 422.28 603.40 Td (2017.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 570.55 Td (2018 ) Tj ET Q q 0 0 0 rg BT 77.28 570.55 Td (net ) Tj ET Q q 0 0 0 rg BT 95.21 570.55 Td (finance ) Tj ET Q q 0 0 0 rg BT 133.80 570.55 Td (expense ) Tj ET Q q 0 0 0 rg BT 175.72 570.55 Td (was ) Tj ET Q q 0 0 0 rg BT 197.66 570.55 Td ($3.4 ) Tj ET Q q 0 0 0 rg BT 221.94 570.55 Td (million ) Tj ET Q q 0 0 0 rg BT 259.89 570.55 Td (in ) Tj ET Q q 0 0 0 rg BT 272.50 570.55 Td (2018 ) Tj ET Q q 0 0 0 rg BT 299.77 570.55 Td (as ) Tj ET Q q 0 0 0 rg BT 313.05 570.55 Td (compared ) Tj ET Q q 0 0 0 rg BT 363.63 570.55 Td (to ) Tj ET Q q 0 0 0 rg BT 376.24 570.55 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 400.52 570.55 Td (million ) Tj ET Q q 0 0 0 rg BT 438.47 570.55 Td (in ) Tj ET Q q 0 0 0 rg BT 451.08 570.55 Td (2017. ) Tj ET Q q 0 0 0 rg BT 481.12 570.55 Td (The ) Tj ET Q q 0 0 0 rg BT 503.05 570.55 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 527.33 570.55 Td (million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 549.65 Td (year) Tj ET Q q 0 0 0 rg BT 70.41 549.65 Td (-over) Tj ET Q q 0 0 0 rg BT 95.49 549.65 Td (-year ) Tj ET Q q 0 0 0 rg BT 123.13 549.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 165.44 549.65 Td (relates ) Tj ET Q q 0 0 0 rg BT 199.75 549.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 247.40 549.65 Td (to ) Tj ET Q q 0 0 0 rg BT 259.74 549.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 298.06 549.65 Td (on ) Tj ET Q q 0 0 0 rg BT 313.06 549.65 Td (bank ) Tj ET Q q 0 0 0 rg BT 339.38 549.65 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 407.37 549.65 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 516.80 Td (Income ) Tj ET Q q 0 0 0 rg BT 89.13 516.80 Td (tax ) Tj ET Q q 0 0 0 rg BT 106.93 516.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 148.72 516.80 Td (decreased ) Tj ET Q q 0 0 0 rg BT 199.16 516.80 Td (to ) Tj ET Q q 0 0 0 rg BT 211.64 516.80 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 217.64 516.80 Td (10.8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 238.64 516.80 Td ( ) Tj ET Q q 0 0 0 rg BT 241.78 516.80 Td (million ) Tj ET Q q 0 0 0 rg BT 279.60 516.80 Td (for ) Tj ET Q q 0 0 0 rg BT 296.73 516.80 Td (the ) Tj ET Q q 0 0 0 rg BT 314.54 516.80 Td (year ) Tj ET Q q 0 0 0 rg BT 338.33 516.80 Td (ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 370.12 516.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 440.57 516.80 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 464.57 516.80 Td (, ) Tj ET Q q 0 0 0 rg BT 470.71 516.80 Td (from ) Tj ET Q q 0 0 0 rg BT 497.18 516.80 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 503.18 516.80 Td (16.6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 524.18 516.80 Td ( ) Tj ET Q q 0 0 0 rg BT 527.33 516.80 Td (million ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 495.90 Td (in ) Tj ET Q q 0 0 0 rg BT 62.13 495.90 Td (2017. ) Tj ET Q q 0 0 0 rg BT 91.72 495.90 Td (The ) Tj ET Q q 0 0 0 rg BT 113.16 495.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 157.25 495.90 Td (was ) Tj ET Q q 0 0 0 rg BT 178.71 495.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 226.15 495.90 Td (driven ) Tj ET Q q 0 0 0 rg BT 259.60 495.90 Td (by ) Tj ET Q q 0 0 0 rg BT 274.39 495.90 Td (the ) Tj ET Q q 0 0 0 rg BT 291.85 495.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 321.96 495.90 Td (ef) Tj ET Q q 0 0 0 rg BT 331.07 495.90 Td (fective ) Tj ET Q q 0 0 0 rg BT 366.50 495.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 383.95 495.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 404.73 495.90 Td (in ) Tj ET Q q 0 0 0 rg BT 416.85 495.90 Td (the ) Tj ET Q q 0 0 0 rg BT 434.31 495.90 Td (US ) Tj ET Q q 0 0 0 rg BT 452.44 495.90 Td (that ) Tj ET Q q 0 0 0 rg BT 473.22 495.90 Td (came ) Tj ET Q q 0 0 0 rg BT 501.33 495.90 Td (into ) Tj ET Q q 0 0 0 rg BT 522.79 495.90 Td (ef) Tj ET Q q 0 0 0 rg BT 531.89 495.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 552.67 495.90 Td (in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 475.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 80.00 475.00 Td (and ) Tj ET Q q 0 0 0 rg BT 100.33 475.00 Td (a ) Tj ET Q q 0 0 0 rg BT 108.65 475.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 152.95 475.00 Td (in ) Tj ET Q q 0 0 0 rg BT 165.28 475.00 Td (taxable ) Tj ET Q q 0 0 0 rg BT 202.93 475.00 Td (income ) Tj ET Q q 0 0 0 rg BT 241.25 475.00 Td (as ) Tj ET Q q 0 0 0 rg BT 254.25 475.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 304.55 475.00 Td (to ) Tj ET Q q 0 0 0 rg BT 316.89 475.00 Td (2017.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 442.15 Td (Profit ) Tj ET Q q 0 0 0 rg BT 80.45 442.15 Td (for ) Tj ET Q q 0 0 0 rg BT 97.55 442.15 Td (the ) Tj ET Q q 0 0 0 rg BT 115.32 442.15 Td (year ) Tj ET Q q 0 0 0 rg BT 139.08 442.15 Td (ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 170.84 442.15 Td (December31, ) Tj ET Q q 0 0 0 rg BT 241.26 442.15 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 265.26 442.15 Td ( ) Tj ET Q q 0 0 0 rg BT 268.37 442.15 Td (increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 316.78 442.15 Td (7.4%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 341.78 442.15 Td ( ) Tj ET Q q 0 0 0 rg BT 344.89 442.15 Td (to ) Tj ET Q q 0 0 0 rg BT 357.34 442.15 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 363.34 442.15 Td (32.2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 384.34 442.15 Td ( ) Tj ET Q q 0 0 0 rg BT 387.45 442.15 Td (million, ) Tj ET Q q 0 0 0 rg BT 428.23 442.15 Td (from ) Tj ET Q q 0 0 0 rg BT 454.67 442.15 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 460.67 442.15 Td (30.0) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 481.67 442.15 Td ( ) Tj ET Q q 0 0 0 rg BT 484.78 442.15 Td (million ) Tj ET Q q 0 0 0 rg BT 522.56 442.15 Td (in ) Tj ET Q q 0 0 0 rg BT 535.00 442.15 Td (2017. ) Tj ET Q q 0 0 0 rg BT 565.00 442.15 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (The ) Tj ET Q q 0 0 0 rg BT 70.73 421.25 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 76.73 421.25 Td (2.2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 91.73 421.25 Td ( ) Tj ET Q q 0 0 0 rg BT 93.81 421.25 Td (million ) Tj ET Q q 0 0 0 rg BT 130.56 421.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 196.62 421.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 243.35 421.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 280.74 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.47 421.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 340.85 421.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.26 421.25 Td (income ) Tj ET Q q 0 0 0 rg BT 389.66 421.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 406.39 421.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 447.12 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.19 421.25 Td ($5.9 ) Tj ET Q q 0 0 0 rg BT 482.27 421.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 522.02 421.25 Td (partially ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 400.40 Td (of) Tj ET Q q 0 0 0 rg BT 59.78 400.40 Td (fset ) Tj ET Q q 0 0 0 rg BT 80.44 400.40 Td (by ) Tj ET Q q 0 0 0 rg BT 95.78 400.40 Td (the ) Tj ET Q q 0 0 0 rg BT 113.77 400.40 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 138.11 400.40 Td (million ) Tj ET Q q 0 0 0 rg BT 176.11 400.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 220.75 400.40 Td (in ) Tj ET Q q 0 0 0 rg BT 233.41 400.40 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 283.74 400.40 Td (a ) Tj ET Q q 0 0 0 rg BT 292.40 400.40 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 316.74 400.40 Td (million ) Tj ET Q q 0 0 0 rg BT 354.74 400.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 397.38 400.40 Td (in ) Tj ET Q q 0 0 0 rg BT 410.05 400.40 Td (net ) Tj ET Q q 0 0 0 rg BT 428.05 400.40 Td (finance ) Tj ET Q q 0 0 0 rg BT 466.69 400.40 Td (expense, ) Tj ET Q q 0 0 0 rg BT 511.68 400.40 Td (and ) Tj ET Q q 0 0 0 rg BT 532.34 400.40 Td (a ) Tj ET Q q 0 0 0 rg BT 541.00 400.40 Td ($0.3 ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 379.50 Td (million ) Tj ET Q q 0 0 0 rg BT 87.66 379.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 129.95 379.50 Td (in ) Tj ET Q q 0 0 0 rg BT 142.28 379.50 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 204.57 379.50 Td (and ) Tj ET Q q 0 0 0 rg BT 224.89 379.50 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 291.52 379.50 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 330.50 379.50 Td (profit ) Tj ET Q q 0 0 0 rg BT 360.15 379.50 Td (per ) Tj ET Q q 0 0 0 rg BT 378.47 379.50 Td (share ) Tj ET Q q 0 0 0 rg BT 406.77 379.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 455.07 379.50 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 467.39 379.50 Td ($1.49) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 494.39 379.50 Td ( ) Tj ET Q q 0 0 0 rg BT 497.38 379.50 Td (from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 523.70 379.50 Td ($1.39) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 550.70 379.50 Td (, ) Tj ET Q q 0 0 0 rg BT 556.69 379.50 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 358.60 Td (7.2%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 75.00 358.60 Td ( ) Tj ET Q q 0 0 0 rg BT 78.00 358.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 101.66 358.60 Td (as ) Tj ET Q q 0 0 0 rg BT 114.65 358.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 164.96 358.60 Td (to ) Tj ET Q q 0 0 0 rg BT 177.29 358.60 Td (2017. ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 325.75 Td (Results ) Tj ET Q q 0 0 0 rg BT 90.34 325.75 Td (fr) Tj ET Q q 0 0 0 rg BT 99.44 325.75 Td (om ) Tj ET Q q 0 0 0 rg BT 118.44 325.75 Td (Operations ) Tj ET Q q 0 0 0 rg BT 178.77 325.75 Td (- ) Tj ET Q q 0 0 0 rg BT 185.55 325.75 Td (Thr) Tj ET Q q 0 0 0 rg BT 205.34 325.75 Td (ee ) Tj ET Q q 0 0 0 rg BT 218.99 325.75 Td (Months ) Tj ET Q q 0 0 0 rg BT 261.33 325.75 Td (Ended ) Tj ET Q q 0 0 0 rg BT 297.68 325.75 Td (December) Tj ET Q q 0 0 0 rg BT 349.43 325.75 Td (31, ) Tj ET Q q 0 0 0 rg BT 370.43 325.75 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 292.85 Td (For ) Tj ET Q q 0 0 0 rg BT 69.41 292.85 Td (the ) Tj ET Q q 0 0 0 rg BT 86.81 292.85 Td (three ) Tj ET Q q 0 0 0 rg BT 113.53 292.85 Td (months ) Tj ET Q q 0 0 0 rg BT 151.61 292.85 Td (ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 183.01 292.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 253.05 292.85 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 277.05 292.85 Td (, ) Tj ET Q q 0 0 0 rg BT 282.79 292.85 Td (total ) Tj ET Q q 0 0 0 rg BT 306.86 292.85 Td (sales ) Tj ET Q q 0 0 0 rg BT 332.92 292.85 Td (increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 380.97 292.85 Td (10.2%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 411.97 292.85 Td ( ) Tj ET Q q 0 0 0 rg BT 414.71 292.85 Td (to ) Tj ET Q q 0 0 0 rg BT 426.78 292.85 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 432.78 292.85 Td (275.0) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 459.78 292.85 Td ( ) Tj ET Q q 0 0 0 rg BT 462.52 292.85 Td (million, ) Tj ET Q q 0 0 0 rg BT 502.93 292.85 Td (from ) Tj ET Q q 0 0 0 rg BT 529.00 292.85 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 535.00 292.85 Td (249.5) Tj ET Q BT /F1 12.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 272.00 Td (million ) Tj ET Q q 0 0 0 rg BT 89.93 272.00 Td (during ) Tj ET Q q 0 0 0 rg BT 126.51 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 146.43 272.00 Td (same ) Tj ET Q q 0 0 0 rg BT 176.34 272.00 Td (period ) Tj ET Q q 0 0 0 rg BT 212.26 272.00 Td (in ) Tj ET Q q 0 0 0 rg BT 226.85 272.00 Td (2017. ) Tj ET Q q 0 0 0 rg BT 259.10 272.00 Td (Of ) Tj ET Q q 0 0 0 rg BT 277.02 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 296.94 272.00 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 302.94 272.00 Td (25.4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 323.94 272.00 Td ( ) Tj ET Q q 0 0 0 rg BT 329.20 272.00 Td (million ) Tj ET Q q 0 0 0 rg BT 369.12 272.00 Td (year) Tj ET Q q 0 0 0 rg BT 389.53 272.00 Td (-over) Tj ET Q q 0 0 0 rg BT 414.61 272.00 Td (-year ) Tj ET Q q 0 0 0 rg BT 444.51 272.00 Td (increase, ) Tj ET Q q 0 0 0 rg BT 492.07 272.00 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 498.07 272.00 Td (12.3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 519.07 272.00 Td ( ) Tj ET Q q 0 0 0 rg BT 524.33 272.00 Td (million, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 113.48 251.10 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 122.97 251.10 Td (4.9%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 147.97 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.14 251.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 195.61 251.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.11 251.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 239.61 251.10 Td (was ) Tj ET Q q 0 0 0 rg BT 262.44 251.10 Td (due ) Tj ET Q q 0 0 0 rg BT 283.94 251.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.44 251.10 Td (or) Tj ET Q q 0 0 0 rg BT 307.22 251.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 337.37 251.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 375.54 251.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.03 251.10 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 403.03 251.10 Td (4.3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 418.03 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.20 251.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 464.04 251.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 527.52 251.10 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 537.01 251.10 Td (1.7%) Tj ET Q BT /F1 12.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 230.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 92.33 230.20 Td (in ) Tj ET Q q 0 0 0 rg BT 104.68 230.20 Td (sales, ) Tj ET Q q 0 0 0 rg BT 134.03 230.20 Td (was ) Tj ET Q q 0 0 0 rg BT 155.71 230.20 Td (due ) Tj ET Q q 0 0 0 rg BT 176.06 230.20 Td (to ) Tj ET Q q 0 0 0 rg BT 188.41 230.20 Td (the ) Tj ET Q q 0 0 0 rg BT 206.09 230.20 Td (addition ) Tj ET Q q 0 0 0 rg BT 248.44 230.20 Td (of ) Tj ET Q q 0 0 0 rg BT 260.79 230.20 Td (Acquired ) Tj ET Q q 0 0 0 rg BT 308.46 230.20 Td (Businesses. ) Tj ET Q q 0 0 0 rg BT 366.93 230.20 Td (The ) Tj ET Q q 0 0 0 rg BT 388.61 230.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 440.28 230.20 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 446.28 230.20 Td (8.8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 461.28 230.20 Td ( ) Tj ET Q q 0 0 0 rg BT 464.30 230.20 Td (million ) Tj ET Q q 0 0 0 rg BT 501.99 230.20 Td (of ) Tj ET Q q 0 0 0 rg BT 515.01 230.20 Td (sales ) Tj ET Q q 0 0 0 rg BT 541.35 230.20 Td (gain ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 209.35 Td (reflects ) Tj ET Q q 0 0 0 rg BT 88.16 209.35 Td (the ) Tj ET Q q 0 0 0 rg BT 105.68 209.35 Td (positive ) Tj ET Q q 0 0 0 rg BT 146.53 209.35 Td (foreign ) Tj ET Q q 0 0 0 rg BT 184.04 209.35 Td (exchange ) Tj ET Q q 0 0 0 rg BT 232.20 209.35 Td (impact ) Tj ET Q q 0 0 0 rg BT 267.71 209.35 Td (resulting ) Tj ET Q q 0 0 0 rg BT 312.56 209.35 Td (from ) Tj ET Q q 0 0 0 rg BT 338.74 209.35 Td (a ) Tj ET Q q 0 0 0 rg BT 346.92 209.35 Td (stronger ) Tj ET Q q 0 0 0 rg BT 389.10 209.35 Td (US ) Tj ET Q q 0 0 0 rg BT 407.29 209.35 Td (dollar ) Tj ET Q q 0 0 0 rg BT 438.14 209.35 Td (when ) Tj ET Q q 0 0 0 rg BT 466.98 209.35 Td (translating ) Tj ET Q q 0 0 0 rg BT 520.49 209.35 Td (US ) Tj ET Q q 0 0 0 rg BT 538.69 209.35 Td (sales ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 188.45 Td (to ) Tj ET Q q 0 0 0 rg BT 62.33 188.45 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 110.65 188.45 Td (dollars ) Tj ET Q q 0 0 0 rg BT 146.31 188.45 Td (for ) Tj ET Q q 0 0 0 rg BT 163.30 188.45 Td (reporting ) Tj ET Q q 0 0 0 rg BT 210.29 188.45 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 258.95 188.45 Td (as ) Tj ET Q q 0 0 0 rg BT 271.95 188.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 322.26 188.45 Td (to ) Tj ET Q q 0 0 0 rg BT 334.59 188.45 Td (the ) Tj ET Q q 0 0 0 rg BT 352.25 188.45 Td (same ) Tj ET Q q 0 0 0 rg BT 379.91 188.45 Td (period ) Tj ET Q q 0 0 0 rg BT 413.56 188.45 Td (in ) Tj ET Q q 0 0 0 rg BT 425.90 188.45 Td ( ) Tj ET Q q 0 0 0 rg BT 428.90 188.45 Td (2017.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 155.60 Td (Fourth ) Tj ET Q q 0 0 0 rg BT 84.38 155.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 120.74 155.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 146.45 155.60 Td (from ) Tj ET Q q 0 0 0 rg BT 172.15 155.60 Td (HDI's ) Tj ET Q q 0 0 0 rg BT 202.69 155.60 Td (US ) Tj ET Q q 0 0 0 rg BT 220.41 155.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 272.77 155.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 320.46 155.60 Td (by ) Tj ET Q q 0 0 0 rg BT 334.84 155.60 Td (US$) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 356.18 155.60 Td (1) Tj ET Q q 0 0 0 rg BT 361.73 155.60 Td (1.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 376.73 155.60 Td ( ) Tj ET Q q 0 0 0 rg BT 379.11 155.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 419.16 155.60 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 431.53 155.60 Td (6.9%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 456.53 155.60 Td (, ) Tj ET Q q 0 0 0 rg BT 461.91 155.60 Td (to ) Tj ET Q q 0 0 0 rg BT 473.62 155.60 Td (US$) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 494.96 155.60 Td (182.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 521.96 155.60 Td ( ) Tj ET Q q 0 0 0 rg BT 524.34 155.60 Td (million, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 134.70 Td (from ) Tj ET Q q 0 0 0 rg BT 76.06 134.70 Td (US$) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 97.40 134.70 Td (171.1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 124.40 134.70 Td ( ) Tj ET Q q 0 0 0 rg BT 127.13 134.70 Td (million ) Tj ET Q q 0 0 0 rg BT 164.53 134.70 Td (in ) Tj ET Q q 0 0 0 rg BT 176.60 134.70 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 194.00 134.70 Td (2017. ) Tj ET Q q 0 0 0 rg BT 223.73 134.70 Td (Or) Tj ET Q q 0 0 0 rg BT 236.17 134.70 Td (ganic ) Tj ET Q q 0 0 0 rg BT 264.89 134.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 301.62 134.70 Td (accounted ) Tj ET Q q 0 0 0 rg BT 352.99 134.70 Td (for ) Tj ET Q q 0 0 0 rg BT 369.71 134.70 Td (US$) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 391.05 134.70 Td (8.6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 406.05 134.70 Td ( ) Tj ET Q q 0 0 0 rg BT 408.79 134.70 Td (million ) Tj ET Q q 0 0 0 rg BT 446.19 134.70 Td (of ) Tj ET Q q 0 0 0 rg BT 458.92 134.70 Td (the ) Tj ET Q q 0 0 0 rg BT 476.31 134.70 Td (gain, ) Tj ET Q q 0 0 0 rg BT 502.70 134.70 Td (representing ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 113.80 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 59.83 113.80 Td (5.0%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 84.82 113.80 Td ( ) Tj ET Q q 0 0 0 rg BT 89.32 113.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 133.13 113.80 Td (in ) Tj ET Q q 0 0 0 rg BT 146.96 113.80 Td (sales, ) Tj ET Q q 0 0 0 rg BT 177.79 113.80 Td (and ) Tj ET Q q 0 0 0 rg BT 199.61 113.80 Td (reflects ) Tj ET Q q 0 0 0 rg BT 239.42 113.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 289.23 113.80 Td (volumes. ) Tj ET Q q 0 0 0 rg BT 337.39 113.80 Td (Growth ) Tj ET Q q 0 0 0 rg BT 378.55 113.80 Td (from ) Tj ET Q q 0 0 0 rg BT 406.38 113.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 452.19 113.80 Td (businesses ) Tj ET Q q 0 0 0 rg BT 507.35 113.80 Td (contributed ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 92.95 Td (additional ) Tj ET Q q 0 0 0 rg BT 101.41 92.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 128.15 92.95 Td (of ) Tj ET Q q 0 0 0 rg BT 141.56 92.95 Td (US$) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 162.90 92.95 Td (3.3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 177.90 92.95 Td ( ) Tj ET Q q 0 0 0 rg BT 181.32 92.95 Td (million. ) Tj ET Q q 0 0 0 rg BT 222.41 92.95 Td ( ) Tj ET Q q 0 0 0 rg BT 225.83 92.95 Td (Fourth ) Tj ET Q q 0 0 0 rg BT 261.25 92.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 298.64 92.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 325.39 92.95 Td (in ) Tj ET Q q 0 0 0 rg BT 338.14 92.95 Td (Canada ) Tj ET Q q 0 0 0 rg BT 377.54 92.95 Td (increased ) Tj ET Q q 0 0 0 rg BT 426.26 92.95 Td (by ) Tj ET Q q 0 0 0 rg BT 441.68 92.95 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 447.68 92.95 Td (1.2) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 462.68 92.95 Td ( ) Tj ET Q q 0 0 0 rg BT 466.09 92.95 Td (million, ) Tj ET Q q 0 0 0 rg BT 507.18 92.95 Td (or ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 520.60 92.95 Td (3.7%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 545.59 92.95 Td (, ) Tj ET Q q 0 0 0 rg BT 552.01 92.95 Td (as ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 72.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 99.74 72.05 Td (to ) Tj ET Q q 0 0 0 rg BT 111.51 72.05 Td (the ) Tj ET Q q 0 0 0 rg BT 128.61 72.05 Td (same ) Tj ET Q q 0 0 0 rg BT 155.70 72.05 Td (period ) Tj ET Q q 0 0 0 rg BT 188.80 72.05 Td (in ) Tj ET Q q 0 0 0 rg BT 200.57 72.05 Td (2018. ) Tj ET Q q 0 0 0 rg BT 229.83 72.05 Td (The ) Tj ET Q q 0 0 0 rg BT 250.92 72.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 292.66 72.05 Td (in ) Tj ET Q q 0 0 0 rg BT 304.43 72.05 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 352.18 72.05 Td (sales ) Tj ET Q q 0 0 0 rg BT 377.94 72.05 Td (was ) Tj ET Q q 0 0 0 rg BT 399.04 72.05 Td (entirely ) Tj ET Q q 0 0 0 rg BT 438.13 72.05 Td (or) Tj ET Q q 0 0 0 rg BT 447.91 72.05 Td (ganic ) Tj ET Q q 0 0 0 rg BT 476.33 72.05 Td (and ) Tj ET Q q 0 0 0 rg BT 496.09 72.05 Td (reflects ) Tj ET Q q 0 0 0 rg BT 533.84 72.05 Td (HDI's ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 51.20 Td (success ) Tj ET Q q 0 0 0 rg BT 88.99 51.20 Td (in ) Tj ET Q q 0 0 0 rg BT 101.32 51.20 Td (winning ) Tj ET Q q 0 0 0 rg BT 143.66 51.20 Td (new ) Tj ET Q q 0 0 0 rg BT 166.65 51.20 Td (business.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 30.20 Td (8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (Gross ) Tj ET Q q 0 0 0 rg BT 81.65 740.70 Td (profit ) Tj ET Q q 0 0 0 rg BT 111.97 740.70 Td (for ) Tj ET Q q 0 0 0 rg BT 129.61 740.70 Td (the ) Tj ET Q q 0 0 0 rg BT 147.92 740.70 Td (three ) Tj ET Q q 0 0 0 rg BT 175.56 740.70 Td (months ) Tj ET Q q 0 0 0 rg BT 214.55 740.70 Td (ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 246.85 740.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 317.80 740.70 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 341.80 740.70 Td ( ) Tj ET Q q 0 0 0 rg BT 345.45 740.70 Td (increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 394.41 740.70 Td (6.6%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 419.41 740.70 Td ( ) Tj ET Q q 0 0 0 rg BT 423.06 740.70 Td (to ) Tj ET Q q 0 0 0 rg BT 436.04 740.70 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 442.04 740.70 Td (47.4) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 463.04 740.70 Td ( ) Tj ET Q q 0 0 0 rg BT 466.70 740.70 Td (million, ) Tj ET Q q 0 0 0 rg BT 508.02 740.70 Td (from ) Tj ET Q q 0 0 0 rg BT 535.00 740.70 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 541.00 740.70 Td (44.5) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 562.00 740.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 719.80 Td (million ) Tj ET Q q 0 0 0 rg BT 87.22 719.80 Td (in ) Tj ET Q q 0 0 0 rg BT 99.11 719.80 Td (the ) Tj ET Q q 0 0 0 rg BT 116.32 719.80 Td (fourth ) Tj ET Q q 0 0 0 rg BT 148.20 719.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 184.73 719.80 Td (of ) Tj ET Q q 0 0 0 rg BT 197.28 719.80 Td (2017. ) Tj ET Q q 0 0 0 rg BT 226.65 719.80 Td (This ) Tj ET Q q 0 0 0 rg BT 250.54 719.80 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 256.54 719.80 Td (2.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 271.54 719.80 Td ( ) Tj ET Q q 0 0 0 rg BT 274.09 719.80 Td (million ) Tj ET Q q 0 0 0 rg BT 311.32 719.80 Td (improvement ) Tj ET Q q 0 0 0 rg BT 377.85 719.80 Td (reflects ) Tj ET Q q 0 0 0 rg BT 415.72 719.80 Td (higher ) Tj ET Q q 0 0 0 rg BT 448.93 719.80 Td (sales, ) Tj ET Q q 0 0 0 rg BT 477.80 719.80 Td (partially ) Tj ET Q q 0 0 0 rg BT 520.34 719.80 Td (of) Tj ET Q q 0 0 0 rg BT 530.12 719.80 Td (fset ) Tj ET Q q 0 0 0 rg BT 550.00 719.80 Td (by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 698.95 Td (a ) Tj ET Q q 0 0 0 rg BT 58.33 698.95 Td (lower ) Tj ET Q q 0 0 0 rg BT 88.65 698.95 Td (gross ) Tj ET Q q 0 0 0 rg BT 116.98 698.95 Td (profit ) Tj ET Q q 0 0 0 rg BT 146.64 698.95 Td (mar) Tj ET Q q 0 0 0 rg BT 165.08 698.95 Td (gin. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 666.05 Td (Operating ) Tj ET Q q 0 0 0 rg BT 101.05 666.05 Td (expenses ) Tj ET Q q 0 0 0 rg BT 147.44 666.05 Td (increased ) Tj ET Q q 0 0 0 rg BT 195.82 666.05 Td (to ) Tj ET Q q 0 0 0 rg BT 208.22 666.05 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 214.22 666.05 Td (38.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 235.22 666.05 Td ( ) Tj ET Q q 0 0 0 rg BT 238.29 666.05 Td (million ) Tj ET Q q 0 0 0 rg BT 276.03 666.05 Td (in ) Tj ET Q q 0 0 0 rg BT 288.44 666.05 Td (the ) Tj ET Q q 0 0 0 rg BT 306.17 666.05 Td (fourth ) Tj ET Q q 0 0 0 rg BT 338.56 666.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 375.61 666.05 Td (of ) Tj ET Q q 0 0 0 rg BT 388.68 666.05 Td (2018, ) Tj ET Q q 0 0 0 rg BT 418.75 666.05 Td (from ) Tj ET Q q 0 0 0 rg BT 445.14 666.05 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 451.14 666.05 Td (35.1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 472.14 666.05 Td ( ) Tj ET Q q 0 0 0 rg BT 475.21 666.05 Td (million ) Tj ET Q q 0 0 0 rg BT 512.96 666.05 Td (during ) Tj ET Q q 0 0 0 rg BT 547.36 666.05 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 645.20 Td (same ) Tj ET Q q 0 0 0 rg BT 77.59 645.20 Td (period ) Tj ET Q q 0 0 0 rg BT 111.17 645.20 Td (in ) Tj ET Q q 0 0 0 rg BT 123.44 645.20 Td (2017. ) Tj ET Q q 0 0 0 rg BT 153.16 645.20 Td (The ) Tj ET Q q 0 0 0 rg BT 174.75 645.20 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 180.75 645.20 Td (3.8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 195.75 645.20 Td ( ) Tj ET Q q 0 0 0 rg BT 198.68 645.20 Td (million ) Tj ET Q q 0 0 0 rg BT 236.28 645.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 278.51 645.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 321.44 645.20 Td (added ) Tj ET Q q 0 0 0 rg BT 353.02 645.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 379.95 645.20 Td (to ) Tj ET Q q 0 0 0 rg BT 392.22 645.20 Td (support ) Tj ET Q q 0 0 0 rg BT 431.15 645.20 Td (or) Tj ET Q q 0 0 0 rg BT 440.93 645.20 Td (ganic ) Tj ET Q q 0 0 0 rg BT 469.84 645.20 Td (growth, ) Tj ET Q q 0 0 0 rg BT 509.77 645.20 Td (the ) Tj ET Q q 0 0 0 rg BT 527.36 645.20 Td (foreign ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 624.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 97.18 624.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 131.70 624.30 Td (of ) Tj ET Q q 0 0 0 rg BT 143.57 624.30 Td (a ) Tj ET Q q 0 0 0 rg BT 150.77 624.30 Td (stronger ) Tj ET Q q 0 0 0 rg BT 191.96 624.30 Td (US ) Tj ET Q q 0 0 0 rg BT 209.18 624.30 Td (dollar ) Tj ET Q q 0 0 0 rg BT 239.04 624.30 Td (on ) Tj ET Q q 0 0 0 rg BT 252.91 624.30 Td (translation ) Tj ET Q q 0 0 0 rg BT 305.44 624.30 Td (of ) Tj ET Q q 0 0 0 rg BT 317.30 624.30 Td (US ) Tj ET Q q 0 0 0 rg BT 334.52 624.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 381.71 624.30 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 429.90 624.30 Td (and ) Tj ET Q q 0 0 0 rg BT 449.09 624.30 Td (the ) Tj ET Q q 0 0 0 rg BT 465.63 624.30 Td (addition ) Tj ET Q q 0 0 0 rg BT 506.83 624.30 Td (of ) Tj ET Q q 0 0 0 rg BT 518.69 624.30 Td (expenses ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 603.40 Td (from ) Tj ET Q q 0 0 0 rg BT 77.06 603.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 122.10 603.40 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 178.67 603.40 Td (As ) Tj ET Q q 0 0 0 rg BT 195.74 603.40 Td (a ) Tj ET Q q 0 0 0 rg BT 204.80 603.40 Td (percentage ) Tj ET Q q 0 0 0 rg BT 260.49 603.40 Td (of ) Tj ET Q q 0 0 0 rg BT 274.22 603.40 Td (sales, ) Tj ET Q q 0 0 0 rg BT 304.28 603.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 353.33 603.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 400.38 603.40 Td (remained ) Tj ET Q q 0 0 0 rg BT 448.76 603.40 Td (stable ) Tj ET Q q 0 0 0 rg BT 480.48 603.40 Td (at ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 492.87 603.40 Td (14.2%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 523.87 603.40 Td ( ) Tj ET Q q 0 0 0 rg BT 527.60 603.40 Td (in ) Tj ET Q q 0 0 0 rg BT 540.67 603.40 Td (both ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 582.55 Td (periods.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 549.65 Td (For ) Tj ET Q q 0 0 0 rg BT 70.37 549.65 Td (the ) Tj ET Q q 0 0 0 rg BT 88.72 549.65 Td (three ) Tj ET Q q 0 0 0 rg BT 116.40 549.65 Td (months ) Tj ET Q q 0 0 0 rg BT 155.44 549.65 Td (ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 187.79 549.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 258.79 549.65 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 282.79 549.65 Td (, ) Tj ET Q q 0 0 0 rg BT 289.48 549.65 Td (HDI ) Tj ET Q q 0 0 0 rg BT 314.51 549.65 Td (reported ) Tj ET Q q 0 0 0 rg BT 358.19 549.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 401.52 549.65 Td ( ) Tj ET Q q 0 0 0 rg BT 405.21 549.65 Td (of ) Tj ET Q q 0 0 0 rg BT 418.91 549.65 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 424.91 549.65 Td (10.3) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 445.91 549.65 Td ( ) Tj ET Q q 0 0 0 rg BT 449.60 549.65 Td (million ) Tj ET Q q 0 0 0 rg BT 487.97 549.65 Td (as ) Tj ET Q q 0 0 0 rg BT 501.66 549.65 Td (compared ) Tj ET Q q 0 0 0 rg BT 552.67 549.65 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 528.80 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 56.00 528.80 Td (1) Tj ET Q q 0 0 0 rg BT 61.55 528.80 Td (1.0) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 76.55 528.80 Td ( ) Tj ET Q q 0 0 0 rg BT 79.09 528.80 Td (million ) Tj ET Q q 0 0 0 rg BT 116.30 528.80 Td (for ) Tj ET Q q 0 0 0 rg BT 132.83 528.80 Td (the ) Tj ET Q q 0 0 0 rg BT 150.03 528.80 Td (same ) Tj ET Q q 0 0 0 rg BT 177.22 528.80 Td (period ) Tj ET Q q 0 0 0 rg BT 210.41 528.80 Td (in ) Tj ET Q q 0 0 0 rg BT 222.28 528.80 Td (the ) Tj ET Q q 0 0 0 rg BT 239.48 528.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 265.34 528.80 Td (year) Tj ET Q q 0 0 0 rg BT 285.33 528.80 Td (. ) Tj ET Q q 0 0 0 rg BT 290.68 528.80 Td (The ) Tj ET Q q 0 0 0 rg BT 311.88 528.80 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 335.41 528.80 Td (million ) Tj ET Q q 0 0 0 rg BT 372.62 528.80 Td (reduction ) Tj ET Q q 0 0 0 rg BT 420.48 528.80 Td (primarily ) Tj ET Q q 0 0 0 rg BT 467.67 528.80 Td (reflects ) Tj ET Q q 0 0 0 rg BT 505.51 528.80 Td (the ) Tj ET Q q 0 0 0 rg BT 522.71 528.80 Td (increase ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 507.90 Td (in ) Tj ET Q q 0 0 0 rg BT 63.24 507.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 92.48 507.90 Td (profit ) Tj ET Q q 0 0 0 rg BT 123.05 507.90 Td (of ) Tj ET Q q 0 0 0 rg BT 136.95 507.90 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 142.95 507.90 Td (2.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 157.95 507.90 Td ( ) Tj ET Q q 0 0 0 rg BT 161.86 507.90 Td (million, ) Tj ET Q q 0 0 0 rg BT 203.44 507.90 Td (of) Tj ET Q q 0 0 0 rg BT 213.22 507.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 234.45 507.90 Td (by ) Tj ET Q q 0 0 0 rg BT 250.36 507.90 Td (the ) Tj ET Q q 0 0 0 rg BT 268.92 507.90 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 274.92 507.90 Td (3.8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 289.92 507.90 Td ( ) Tj ET Q q 0 0 0 rg BT 293.83 507.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 337.04 507.90 Td (in ) Tj ET Q q 0 0 0 rg BT 350.28 507.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 399.50 507.90 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 448.87 507.90 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 496.10 507.90 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 539.43 507.90 Td ( ) Tj ET Q q 0 0 0 rg BT 543.34 507.90 Td (was ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 487.00 Td ($10.1) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 77.00 487.00 Td ( ) Tj ET Q q 0 0 0 rg BT 80.00 487.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 120.67 487.00 Td (a ) Tj ET Q q 0 0 0 rg BT 129.00 487.00 Td (decrease ) Tj ET Q q 0 0 0 rg BT 173.29 487.00 Td (of ) Tj ET Q q 0 0 0 rg BT 186.29 487.00 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 210.29 487.00 Td (million ) Tj ET Q q 0 0 0 rg BT 247.96 487.00 Td (from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 274.29 487.00 Td ($1) Tj ET Q q 0 0 0 rg BT 285.84 487.00 Td (1.6) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.84 487.00 Td ( ) Tj ET Q q 0 0 0 rg BT 303.84 487.00 Td (million ) Tj ET Q q 0 0 0 rg BT 341.51 487.00 Td (in ) Tj ET Q q 0 0 0 rg BT 353.84 487.00 Td (the ) Tj ET Q q 0 0 0 rg BT 371.50 487.00 Td (same ) Tj ET Q q 0 0 0 rg BT 399.16 487.00 Td (period ) Tj ET Q q 0 0 0 rg BT 432.82 487.00 Td (in ) Tj ET Q q 0 0 0 rg BT 445.15 487.00 Td (2017.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 454.15 Td (Income ) Tj ET Q q 0 0 0 rg BT 89.23 454.15 Td (tax ) Tj ET Q q 0 0 0 rg BT 107.14 454.15 Td (expense ) Tj ET Q q 0 0 0 rg BT 149.04 454.15 Td (decreased ) Tj ET Q q 0 0 0 rg BT 199.58 454.15 Td (to ) Tj ET Q q 0 0 0 rg BT 212.17 454.15 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 218.17 454.15 Td (1.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 233.17 454.15 Td ( ) Tj ET Q q 0 0 0 rg BT 236.42 454.15 Td (million ) Tj ET Q q 0 0 0 rg BT 274.33 454.15 Td (in ) Tj ET Q q 0 0 0 rg BT 286.92 454.15 Td (the ) Tj ET Q q 0 0 0 rg BT 304.83 454.15 Td (fourth ) Tj ET Q q 0 0 0 rg BT 337.40 454.15 Td (quarter ) Tj ET Q q 0 0 0 rg BT 374.63 454.15 Td (of ) Tj ET Q q 0 0 0 rg BT 387.88 454.15 Td (2018, ) Tj ET Q q 0 0 0 rg BT 418.12 454.15 Td (from ) Tj ET Q q 0 0 0 rg BT 444.70 454.15 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 450.70 454.15 Td (3.8) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 465.70 454.15 Td ( ) Tj ET Q q 0 0 0 rg BT 468.95 454.15 Td (million ) Tj ET Q q 0 0 0 rg BT 506.87 454.15 Td (in ) Tj ET Q q 0 0 0 rg BT 519.45 454.15 Td (the ) Tj ET Q q 0 0 0 rg BT 537.36 454.15 Td (same ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (period ) Tj ET Q q 0 0 0 rg BT 83.90 433.25 Td (in ) Tj ET Q q 0 0 0 rg BT 96.48 433.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 126.49 433.25 Td (The ) Tj ET Q q 0 0 0 rg BT 148.39 433.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 192.93 433.25 Td (was ) Tj ET Q q 0 0 0 rg BT 214.84 433.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 262.74 433.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 296.64 433.25 Td (by ) Tj ET Q q 0 0 0 rg BT 311.88 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.79 433.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 360.35 433.25 Td (ef) Tj ET Q q 0 0 0 rg BT 369.46 433.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 405.35 433.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 423.25 433.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 444.48 433.25 Td (in ) Tj ET Q q 0 0 0 rg BT 457.06 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.96 433.25 Td (US ) Tj ET Q q 0 0 0 rg BT 493.55 433.25 Td (that ) Tj ET Q q 0 0 0 rg BT 514.79 433.25 Td (came ) Tj ET Q q 0 0 0 rg BT 543.34 433.25 Td (into ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 412.40 Td (ef) Tj ET Q q 0 0 0 rg BT 59.11 412.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 80.09 412.40 Td (in ) Tj ET Q q 0 0 0 rg BT 92.42 412.40 Td (2018, ) Tj ET Q q 0 0 0 rg BT 122.42 412.40 Td (together ) Tj ET Q q 0 0 0 rg BT 164.74 412.40 Td (with ) Tj ET Q q 0 0 0 rg BT 189.07 412.40 Td (a ) Tj ET Q q 0 0 0 rg BT 197.40 412.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 241.70 412.40 Td (in ) Tj ET Q q 0 0 0 rg BT 254.03 412.40 Td (taxable ) Tj ET Q q 0 0 0 rg BT 291.68 412.40 Td (income ) Tj ET Q q 0 0 0 rg BT 330.00 412.40 Td (as ) Tj ET Q q 0 0 0 rg BT 342.99 412.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 393.30 412.40 Td (to ) Tj ET Q q 0 0 0 rg BT 405.63 412.40 Td (the ) Tj ET Q q 0 0 0 rg BT 423.29 412.40 Td (fourth ) Tj ET Q q 0 0 0 rg BT 455.62 412.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 492.60 412.40 Td (of ) Tj ET Q q 0 0 0 rg BT 505.60 412.40 Td (2017.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 46.00 379.50 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 48.52 379.50 Td (Profit ) Tj ET Q q 0 0 0 rg BT 78.13 379.50 Td (for ) Tj ET Q q 0 0 0 rg BT 94.39 379.50 Td (the ) Tj ET Q q 0 0 0 rg BT 111.32 379.50 Td (three ) Tj ET Q q 0 0 0 rg BT 137.57 379.50 Td (months ) Tj ET Q q 0 0 0 rg BT 175.18 379.50 Td (ended ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 206.11 379.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 275.68 379.50 Td (2018) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 299.68 379.50 Td ( ) Tj ET Q q 0 0 0 rg BT 301.95 379.50 Td (increased ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 349.52 379.50 Td (18.9%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 380.52 379.50 Td ( ) Tj ET Q q 0 0 0 rg BT 382.79 379.50 Td (to ) Tj ET Q q 0 0 0 rg BT 394.39 379.50 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 400.39 379.50 Td (5.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 415.39 379.50 Td ( ) Tj ET Q q 0 0 0 rg BT 417.66 379.50 Td (million, ) Tj ET Q q 0 0 0 rg BT 457.60 379.50 Td (from ) Tj ET Q q 0 0 0 rg BT 483.20 379.50 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 489.20 379.50 Td (4.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 504.20 379.50 Td ( ) Tj ET Q q 0 0 0 rg BT 506.47 379.50 Td (in ) Tj ET Q q 0 0 0 rg BT 518.08 379.50 Td (Q4 ) Tj ET Q q 0 0 0 rg BT 535.01 379.50 Td (2017. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 358.60 Td (The ) Tj ET Q q 0 0 0 rg BT 71.60 358.60 Td ($) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 77.60 358.60 Td (0.9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 92.60 358.60 Td ( ) Tj ET Q q 0 0 0 rg BT 95.54 358.60 Td (million ) Tj ET Q q 0 0 0 rg BT 133.15 358.60 Td (improvement ) Tj ET Q q 0 0 0 rg BT 200.07 358.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 247.66 358.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 285.91 358.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.51 358.60 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 327.45 358.60 Td (million ) Tj ET Q q 0 0 0 rg BT 365.06 358.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 409.30 358.60 Td (in ) Tj ET Q q 0 0 0 rg BT 421.57 358.60 Td (income ) Tj ET Q q 0 0 0 rg BT 459.83 358.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 477.43 358.60 Td (expense, ) Tj ET Q q 0 0 0 rg BT 522.02 358.60 Td (partially ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 337.75 Td (of) Tj ET Q q 0 0 0 rg BT 59.78 337.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 79.69 337.75 Td (by ) Tj ET Q q 0 0 0 rg BT 94.28 337.75 Td (the ) Tj ET Q q 0 0 0 rg BT 111.52 337.75 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 135.11 337.75 Td (million ) Tj ET Q q 0 0 0 rg BT 172.36 337.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 216.25 337.75 Td (in ) Tj ET Q q 0 0 0 rg BT 228.16 337.75 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 271.49 337.75 Td ( ) Tj ET Q q 0 0 0 rg BT 274.08 337.75 Td (and ) Tj ET Q q 0 0 0 rg BT 293.99 337.75 Td (a ) Tj ET Q q 0 0 0 rg BT 301.90 337.75 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 325.49 337.75 Td (million ) Tj ET Q q 0 0 0 rg BT 362.74 337.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 404.63 337.75 Td (in ) Tj ET Q q 0 0 0 rg BT 416.55 337.75 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 478.44 337.75 Td (and ) Tj ET Q q 0 0 0 rg BT 498.35 337.75 Td (amortization. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 316.85 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 88.99 316.85 Td (profit ) Tj ET Q q 0 0 0 rg BT 118.65 316.85 Td (per ) Tj ET Q q 0 0 0 rg BT 136.98 316.85 Td (share ) Tj ET Q q 0 0 0 rg BT 165.29 316.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 213.60 316.85 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 225.93 316.85 Td ($0.27) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 252.93 316.85 Td ( ) Tj ET Q q 0 0 0 rg BT 255.93 316.85 Td (from ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 282.26 316.85 Td ($0.23) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 309.26 316.85 Td (, ) Tj ET Q q 0 0 0 rg BT 315.26 316.85 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 323.59 316.85 Td (17.4%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 354.58 316.85 Td ( ) Tj ET Q q 0 0 0 rg BT 357.58 316.85 Td (gain, ) Tj ET Q q 0 0 0 rg BT 384.24 316.85 Td (as ) Tj ET Q q 0 0 0 rg BT 397.24 316.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 447.55 316.85 Td (to ) Tj ET Q q 0 0 0 rg BT 459.88 316.85 Td (2017.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 284.00 Td (About ) Tj ET Q q 0 0 0 rg BT 85.01 284.00 Td (HDI) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (HDI ) Tj ET Q q 0 0 0 rg BT 73.05 251.10 Td (is ) Tj ET Q q 0 0 0 rg BT 82.77 251.10 Td (North ) Tj ET Q q 0 0 0 rg BT 112.11 251.10 Td (America) Tj ET Q q 0 0 0 rg BT 156.75 251.10 Td (s ) Tj ET Q q 0 0 0 rg BT 163.15 251.10 Td (lar) Tj ET Q q 0 0 0 rg BT 175.58 251.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 196.64 251.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 246.34 251.10 Td (distributor ) Tj ET Q q 0 0 0 rg BT 298.06 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.78 251.10 Td (architectural ) Tj ET Q q 0 0 0 rg BT 371.46 251.10 Td (grade ) Tj ET Q q 0 0 0 rg BT 399.83 251.10 Td (building ) Tj ET Q q 0 0 0 rg BT 441.55 251.10 Td (products ) Tj ET Q q 0 0 0 rg BT 484.60 251.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.65 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.03 251.10 Td (residential ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 230.20 Td (and ) Tj ET Q q 0 0 0 rg BT 70.46 230.20 Td (commercial ) Tj ET Q q 0 0 0 rg BT 130.23 230.20 Td (construction ) Tj ET Q q 0 0 0 rg BT 192.68 230.20 Td (sectors. ) Tj ET Q q 0 0 0 rg BT 231.91 230.20 Td (The ) Tj ET Q q 0 0 0 rg BT 253.70 230.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 303.50 230.20 Td (operates ) Tj ET Q q 0 0 0 rg BT 346.61 230.20 Td (a ) Tj ET Q q 0 0 0 rg BT 355.07 230.20 Td (North ) Tj ET Q q 0 0 0 rg BT 385.51 230.20 Td (American ) Tj ET Q q 0 0 0 rg BT 435.95 230.20 Td (network ) Tj ET Q q 0 0 0 rg BT 478.41 230.20 Td (of ) Tj ET Q q 0 0 0 rg BT 491.54 230.20 Td (62 ) Tj ET Q q 0 0 0 rg BT 506.67 230.20 Td (distribution ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 209.35 Td (centres, ) Tj ET Q q 0 0 0 rg BT 89.98 209.35 Td (as ) Tj ET Q q 0 0 0 rg BT 102.97 209.35 Td (well ) Tj ET Q q 0 0 0 rg BT 126.63 209.35 Td (as ) Tj ET Q q 0 0 0 rg BT 139.63 209.35 Td (one ) Tj ET Q q 0 0 0 rg BT 159.96 209.35 Td (sawmill ) Tj ET Q q 0 0 0 rg BT 200.96 209.35 Td (and ) Tj ET Q q 0 0 0 rg BT 221.28 209.35 Td (kiln ) Tj ET Q q 0 0 0 rg BT 242.95 209.35 Td (drying ) Tj ET Q q 0 0 0 rg BT 277.28 209.35 Td (operation.) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 176.45 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 108.67 176.45 Td ( ) Tj ET Q q 0 0 0 rg BT 111.67 176.45 Td (Measur) Tj ET Q q 0 0 0 rg BT 150.78 176.45 Td (es ) Tj ET Q q 0 0 0 rg BT 163.77 176.45 Td (- ) Tj ET Q q 0 0 0 rg BT 170.77 176.45 Td (EBITDA) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 143.60 Td (References ) Tj ET Q q 0 0 0 rg BT 105.49 143.60 Td (to ) Tj ET Q q 0 0 0 rg BT 117.03 143.60 Td (EBITDA ) Tj ET Q q 0 0 0 rg BT 173.87 143.60 Td (are ) Tj ET Q q 0 0 0 rg BT 190.71 143.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.24 143.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 245.09 143.60 Td (before ) Tj ET Q q 0 0 0 rg BT 277.94 143.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 318.45 143.60 Td (income ) Tj ET Q q 0 0 0 rg BT 355.97 143.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 385.82 143.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 447.32 143.60 Td (and ) Tj ET Q q 0 0 0 rg BT 466.85 143.60 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 532.69 143.60 Td (where ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 122.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 91.12 122.70 Td (is ) Tj ET Q q 0 0 0 rg BT 104.92 122.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 146.70 122.70 Td (as ) Tj ET Q q 0 0 0 rg BT 162.49 122.70 Td (net ) Tj ET Q q 0 0 0 rg BT 182.95 122.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 224.06 122.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 253.85 122.70 Td (as ) Tj ET Q q 0 0 0 rg BT 269.65 122.70 Td (per ) Tj ET Q q 0 0 0 rg BT 290.77 122.70 Td (the ) Tj ET Q q 0 0 0 rg BT 311.22 122.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 377.67 122.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 429.45 122.70 Td (of ) Tj ET Q q 0 0 0 rg BT 445.25 122.70 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 523.68 122.70 Td (income. ) Tj ET Q q 0 0 0 rg BT 565.00 122.70 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 101.80 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 115.42 101.80 Td (this ) Tj ET Q q 0 0 0 rg BT 135.20 101.80 Td (press ) Tj ET Q q 0 0 0 rg BT 162.30 101.80 Td (release ) Tj ET Q q 0 0 0 rg BT 198.04 101.80 Td (references ) Tj ET Q q 0 0 0 rg BT 249.77 101.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 284.85 101.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 328.18 101.80 Td ( ) Tj ET Q q 0 0 0 rg BT 330.62 101.80 Td (Ratios, ) Tj ET Q q 0 0 0 rg BT 366.73 101.80 Td (such ) Tj ET Q q 0 0 0 rg BT 391.16 101.80 Td (as ) Tj ET Q q 0 0 0 rg BT 403.60 101.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 446.93 101.80 Td ( ) Tj ET Q q 0 0 0 rg BT 449.37 101.80 Td (mar) Tj ET Q q 0 0 0 rg BT 467.81 101.80 Td (gin ) Tj ET Q q 0 0 0 rg BT 485.58 101.80 Td (\(being ) Tj ET Q q 0 0 0 rg BT 518.68 101.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 562.01 101.80 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 80.95 Td (as ) Tj ET Q q 0 0 0 rg BT 62.52 80.95 Td (a ) Tj ET Q q 0 0 0 rg BT 70.38 80.95 Td (percentage ) Tj ET Q q 0 0 0 rg BT 124.86 80.95 Td (of ) Tj ET Q q 0 0 0 rg BT 137.39 80.95 Td (revenues\). ) Tj ET Q q 0 0 0 rg BT 189.55 80.95 Td ( ) Tj ET Q q 0 0 0 rg BT 192.08 80.95 Td (In ) Tj ET Q q 0 0 0 rg BT 204.60 80.95 Td (addition ) Tj ET Q q 0 0 0 rg BT 246.46 80.95 Td (to ) Tj ET Q q 0 0 0 rg BT 258.32 80.95 Td (profit, ) Tj ET Q q 0 0 0 rg BT 290.51 80.95 Td (HDI ) Tj ET Q q 0 0 0 rg BT 314.36 80.95 Td (considers ) Tj ET Q q 0 0 0 rg BT 362.21 80.95 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 405.54 80.95 Td ( ) Tj ET Q q 0 0 0 rg BT 408.07 80.95 Td (and ) Tj ET Q q 0 0 0 rg BT 427.92 80.95 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 471.25 80.95 Td ( ) Tj ET Q q 0 0 0 rg BT 473.78 80.95 Td (Ratios ) Tj ET Q q 0 0 0 rg BT 506.97 80.95 Td (to ) Tj ET Q q 0 0 0 rg BT 518.83 80.95 Td (be ) Tj ET Q q 0 0 0 rg BT 532.69 80.95 Td (useful ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 303.00 30.20 Td (9) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 116.64 740.70 Td (measures ) Tj ET Q q 0 0 0 rg BT 163.94 740.70 Td (of ) Tj ET Q q 0 0 0 rg BT 176.59 740.70 Td (the ) Tj ET Q q 0 0 0 rg BT 193.91 740.70 Td (Company) Tj ET Q q 0 0 0 rg BT 243.90 740.70 Td (s ) Tj ET Q q 0 0 0 rg BT 251.23 740.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 284.54 740.70 Td (to ) Tj ET Q q 0 0 0 rg BT 296.53 740.70 Td (meet ) Tj ET Q q 0 0 0 rg BT 322.51 740.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 345.82 740.70 Td (service ) Tj ET Q q 0 0 0 rg BT 382.46 740.70 Td (and ) Tj ET Q q 0 0 0 rg BT 402.44 740.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 437.07 740.70 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 496.37 740.70 Td (requirements, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 719.80 Td (and ) Tj ET Q q 0 0 0 rg BT 70.33 719.80 Td (interprets ) Tj ET Q q 0 0 0 rg BT 118.64 719.80 Td (trends ) Tj ET Q q 0 0 0 rg BT 150.97 719.80 Td (in ) Tj ET Q q 0 0 0 rg BT 163.30 719.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 206.63 719.80 Td ( ) Tj ET Q q 0 0 0 rg BT 209.63 719.80 Td (and ) Tj ET Q q 0 0 0 rg BT 229.96 719.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 273.29 719.80 Td ( ) Tj ET Q q 0 0 0 rg BT 276.29 719.80 Td (Ratios ) Tj ET Q q 0 0 0 rg BT 309.96 719.80 Td (as ) Tj ET Q q 0 0 0 rg BT 322.95 719.80 Td (an ) Tj ET Q q 0 0 0 rg BT 337.28 719.80 Td (indicator ) Tj ET Q q 0 0 0 rg BT 382.93 719.80 Td (of ) Tj ET Q q 0 0 0 rg BT 395.93 719.80 Td (relative ) Tj ET Q q 0 0 0 rg BT 434.90 719.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 483.22 719.80 Td (performance.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 686.95 Td (References ) Tj ET Q q 0 0 0 rg BT 106.49 686.95 Td (to ) Tj ET Q q 0 0 0 rg BT 119.02 686.95 Td ("Adjusted ) Tj ET Q q 0 0 0 rg BT 170.44 686.95 Td (EBITDA" ) Tj ET Q q 0 0 0 rg BT 222.52 686.95 Td (are ) Tj ET Q q 0 0 0 rg BT 240.37 686.95 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 283.70 686.95 Td ( ) Tj ET Q q 0 0 0 rg BT 286.89 686.95 Td (as ) Tj ET Q q 0 0 0 rg BT 300.08 686.95 Td (defined ) Tj ET Q q 0 0 0 rg BT 339.25 686.95 Td (above, ) Tj ET Q q 0 0 0 rg BT 374.10 686.95 Td (before ) Tj ET Q q 0 0 0 rg BT 407.94 686.95 Td (certain ) Tj ET Q q 0 0 0 rg BT 443.77 686.95 Td (items ) Tj ET Q q 0 0 0 rg BT 472.96 686.95 Td (related ) Tj ET Q q 0 0 0 rg BT 508.80 686.95 Td (to ) Tj ET Q q 0 0 0 rg BT 521.33 686.95 Td (business ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 666.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 104.46 666.05 Td (activities. ) Tj ET Q q 0 0 0 rg BT 152.58 666.05 Td ("Adjusted ) Tj ET Q q 0 0 0 rg BT 202.61 666.05 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 245.94 666.05 Td ( ) Tj ET Q q 0 0 0 rg BT 247.74 666.05 Td (mar) Tj ET Q q 0 0 0 rg BT 266.18 666.05 Td (gin" ) Tj ET Q q 0 0 0 rg BT 288.22 666.05 Td (is ) Tj ET Q q 0 0 0 rg BT 298.02 666.05 Td (as ) Tj ET Q q 0 0 0 rg BT 309.82 666.05 Td (defined ) Tj ET Q q 0 0 0 rg BT 347.60 666.05 Td (above, ) Tj ET Q q 0 0 0 rg BT 381.06 666.05 Td (before ) Tj ET Q q 0 0 0 rg BT 413.50 666.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 447.95 666.05 Td (items ) Tj ET Q q 0 0 0 rg BT 475.75 666.05 Td (related ) Tj ET Q q 0 0 0 rg BT 510.19 666.05 Td (to ) Tj ET Q q 0 0 0 rg BT 521.33 666.05 Td (business ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 645.20 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 107.01 645.20 Td (activities, ) Tj ET Q q 0 0 0 rg BT 157.67 645.20 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 237.32 645.20 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 302.00 645.20 Td (and ) Tj ET Q q 0 0 0 rg BT 323.68 645.20 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 382.00 645.20 Td (of ) Tj ET Q q 0 0 0 rg BT 396.35 645.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 440.66 645.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 459.67 645.20 Td (assets. ) Tj ET Q q 0 0 0 rg BT 495.02 645.20 Td (References ) Tj ET Q q 0 0 0 rg BT 552.66 645.20 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 624.30 Td ("Adjusted ) Tj ET Q q 0 0 0 rg BT 100.73 624.30 Td (profit", ) Tj ET Q q 0 0 0 rg BT 137.80 624.30 Td ("Adjusted ) Tj ET Q q 0 0 0 rg BT 188.53 624.30 Td (basic ) Tj ET Q q 0 0 0 rg BT 215.70 624.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 244.86 624.30 Td (per ) Tj ET Q q 0 0 0 rg BT 262.69 624.30 Td (share", ) Tj ET Q q 0 0 0 rg BT 298.42 624.30 Td (and ) Tj ET Q q 0 0 0 rg BT 318.25 624.30 Td ("Adjusted ) Tj ET Q q 0 0 0 rg BT 368.98 624.30 Td (diluted ) Tj ET Q q 0 0 0 rg BT 404.82 624.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 433.98 624.30 Td (per ) Tj ET Q q 0 0 0 rg BT 451.81 624.30 Td (share" ) Tj ET Q q 0 0 0 rg BT 484.54 624.30 Td (are ) Tj ET Q q 0 0 0 rg BT 501.69 624.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 530.86 624.30 Td (for ) Tj ET Q q 0 0 0 rg BT 547.36 624.30 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 603.40 Td (period, ) Tj ET Q q 0 0 0 rg BT 86.02 603.40 Td (basic ) Tj ET Q q 0 0 0 rg BT 113.04 603.40 Td (profit ) Tj ET Q q 0 0 0 rg BT 142.07 603.40 Td (per ) Tj ET Q q 0 0 0 rg BT 159.76 603.40 Td (share, ) Tj ET Q q 0 0 0 rg BT 190.44 603.40 Td (and ) Tj ET Q q 0 0 0 rg BT 210.13 603.40 Td (diluted ) Tj ET Q q 0 0 0 rg BT 245.83 603.40 Td (profit ) Tj ET Q q 0 0 0 rg BT 274.85 603.40 Td (per ) Tj ET Q q 0 0 0 rg BT 292.54 603.40 Td (share, ) Tj ET Q q 0 0 0 rg BT 323.23 603.40 Td (before ) Tj ET Q q 0 0 0 rg BT 356.24 603.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 391.24 603.40 Td (items ) Tj ET Q q 0 0 0 rg BT 419.61 603.40 Td (related ) Tj ET Q q 0 0 0 rg BT 454.62 603.40 Td (to ) Tj ET Q q 0 0 0 rg BT 466.32 603.40 Td (business ) Tj ET Q q 0 0 0 rg BT 509.35 603.40 Td (acquisition ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 582.55 Td (activities, ) Tj ET Q q 0 0 0 rg BT 98.99 582.55 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 176.96 582.55 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 239.96 582.55 Td (and ) Tj ET Q q 0 0 0 rg BT 259.96 582.55 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 316.61 582.55 Td (of ) Tj ET Q q 0 0 0 rg BT 329.28 582.55 Td (deferred ) Tj ET Q q 0 0 0 rg BT 371.91 582.55 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.25 582.55 Td (assets. ) Tj ET Q q 0 0 0 rg BT 422.72 582.55 Td (The ) Tj ET Q q 0 0 0 rg BT 444.05 582.55 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 522.02 582.55 Td (adjusted ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 561.65 Td (measures ) Tj ET Q q 0 0 0 rg BT 97.78 561.65 Td (are ) Tj ET Q q 0 0 0 rg BT 115.57 561.65 Td (collectively ) Tj ET Q q 0 0 0 rg BT 174.68 561.65 Td (referenced ) Tj ET Q q 0 0 0 rg BT 228.44 561.65 Td (as ) Tj ET Q q 0 0 0 rg BT 241.57 561.65 Td ("the ) Tj ET Q q 0 0 0 rg BT 263.57 561.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 310.04 561.65 Td (Measures". ) Tj ET Q q 0 0 0 rg BT 367.06 561.65 Td (HDI ) Tj ET Q q 0 0 0 rg BT 391.52 561.65 Td (considers ) Tj ET Q q 0 0 0 rg BT 439.98 561.65 Td (the ) Tj ET Q q 0 0 0 rg BT 457.08 561.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 503.55 561.65 Td (Measures ) Tj ET Q q 0 0 0 rg BT 552.67 561.65 Td (to ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 540.80 Td (be ) Tj ET Q q 0 0 0 rg BT 64.42 540.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 96.84 540.80 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 163.92 540.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 211.67 540.80 Td (of ) Tj ET Q q 0 0 0 rg BT 224.76 540.80 Td (the ) Tj ET Q q 0 0 0 rg BT 242.51 540.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 299.10 540.80 Td (profitability) Tj ET Q q 0 0 0 rg BT 355.65 540.80 Td (, ) Tj ET Q q 0 0 0 rg BT 361.74 540.80 Td (its ) Tj ET Q q 0 0 0 rg BT 376.18 540.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 409.93 540.80 Td (to ) Tj ET Q q 0 0 0 rg BT 422.36 540.80 Td (meet ) Tj ET Q q 0 0 0 rg BT 448.78 540.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 472.53 540.80 Td (service ) Tj ET Q q 0 0 0 rg BT 509.61 540.80 Td (and ) Tj ET Q q 0 0 0 rg BT 530.03 540.80 Td (capital ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 519.90 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 110.99 519.90 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 180.99 519.90 Td (and ) Tj ET Q q 0 0 0 rg BT 202.66 519.90 Td (as ) Tj ET Q q 0 0 0 rg BT 217.01 519.90 Td (an ) Tj ET Q q 0 0 0 rg BT 232.69 519.90 Td (indicator ) Tj ET Q q 0 0 0 rg BT 279.69 519.90 Td (of ) Tj ET Q q 0 0 0 rg BT 294.03 519.90 Td (relative ) Tj ET Q q 0 0 0 rg BT 334.36 519.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 384.03 519.90 Td (performance, ) Tj ET Q q 0 0 0 rg BT 452.01 519.90 Td (before ) Tj ET Q q 0 0 0 rg BT 487.00 519.90 Td (considering ) Tj ET Q q 0 0 0 rg BT 547.34 519.90 Td (the ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 499.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 85.65 499.00 Td (of ) Tj ET Q q 0 0 0 rg BT 98.65 499.00 Td (business ) Tj ET Q q 0 0 0 rg BT 142.32 499.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 197.98 499.00 Td (activities.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 466.15 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 100.85 466.15 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 144.18 466.15 Td ( ) Tj ET Q q 0 0 0 rg BT 148.04 466.15 Td (Ratios, ) Tj ET Q q 0 0 0 rg BT 185.56 466.15 Td (and ) Tj ET Q q 0 0 0 rg BT 206.74 466.15 Td (the ) Tj ET Q q 0 0 0 rg BT 224.41 466.15 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 271.60 466.15 Td (Measures ) Tj ET Q q 0 0 0 rg BT 321.44 466.15 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 385.27 466.15 Td ("the ) Tj ET Q q 0 0 0 rg BT 408.68 466.15 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 465.57 466.15 Td ( ) Tj ET Q q 0 0 0 rg BT 469.43 466.15 Td (Measures"\) ) Tj ET Q q 0 0 0 rg BT 528.16 466.15 Td (are ) Tj ET Q q 0 0 0 rg BT 546.67 466.15 Td (not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 96.51 445.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 151.00 445.25 Td (by ) Tj ET Q q 0 0 0 rg BT 164.86 445.25 Td (International ) Tj ET Q q 0 0 0 rg BT 228.03 445.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 274.54 445.25 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 324.39 445.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 373.58 445.25 Td (\(IFRS\) ) Tj ET Q q 0 0 0 rg BT 419.43 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.61 445.25 Td (do ) Tj ET Q q 0 0 0 rg BT 452.47 445.25 Td (not ) Tj ET Q q 0 0 0 rg BT 469.66 445.25 Td (have ) Tj ET Q q 0 0 0 rg BT 494.18 445.25 Td (a ) Tj ET Q q 0 0 0 rg BT 501.36 445.25 Td (standardized ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 424.40 Td (meaning ) Tj ET Q q 0 0 0 rg BT 95.43 424.40 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 149.52 424.40 Td (by ) Tj ET Q q 0 0 0 rg BT 165.63 424.40 Td (IFRS. ) Tj ET Q q 0 0 0 rg BT 198.09 424.40 Td ( ) Tj ET Q q 0 0 0 rg BT 202.20 424.40 Td (Investors ) Tj ET Q q 0 0 0 rg BT 250.31 424.40 Td (are ) Tj ET Q q 0 0 0 rg BT 269.07 424.40 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 319.82 424.40 Td (that ) Tj ET Q q 0 0 0 rg BT 341.93 424.40 Td (the ) Tj ET Q q 0 0 0 rg BT 360.70 424.40 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 417.59 424.40 Td ( ) Tj ET Q q 0 0 0 rg BT 421.70 424.40 Td (Measures ) Tj ET Q q 0 0 0 rg BT 471.80 424.40 Td (should ) Tj ET Q q 0 0 0 rg BT 507.91 424.40 Td (not ) Tj ET Q q 0 0 0 rg BT 527.36 424.40 Td (replace ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 403.50 Td (profit, ) Tj ET Q q 0 0 0 rg BT 83.85 403.50 Td (earnings ) Tj ET Q q 0 0 0 rg BT 128.69 403.50 Td (per ) Tj ET Q q 0 0 0 rg BT 148.19 403.50 Td (share ) Tj ET Q q 0 0 0 rg BT 177.70 403.50 Td (or ) Tj ET Q q 0 0 0 rg BT 191.88 403.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 217.39 403.50 Td (flows ) Tj ET Q q 0 0 0 rg BT 248.24 403.50 Td (\(as ) Tj ET Q q 0 0 0 rg BT 266.42 403.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 324.58 403.50 Td (in ) Tj ET Q q 0 0 0 rg BT 338.11 403.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 396.25 403.50 Td (with ) Tj ET Q q 0 0 0 rg BT 421.77 403.50 Td (IFRS\) ) Tj ET Q q 0 0 0 rg BT 455.30 403.50 Td (as ) Tj ET Q q 0 0 0 rg BT 469.48 403.50 Td (an ) Tj ET Q q 0 0 0 rg BT 484.99 403.50 Td (indicator ) Tj ET Q q 0 0 0 rg BT 531.83 403.50 Td (of ) Tj ET Q q 0 0 0 rg BT 546.01 403.50 Td (our ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 382.60 Td (performance. ) Tj ET Q q 0 0 0 rg BT 116.50 382.60 Td ( ) Tj ET Q q 0 0 0 rg BT 119.38 382.60 Td (HDI) Tj ET Q q 0 0 0 rg BT 144.04 382.60 Td (s ) Tj ET Q q 0 0 0 rg BT 151.59 382.60 Td (method ) Tj ET Q q 0 0 0 rg BT 190.46 382.60 Td (of ) Tj ET Q q 0 0 0 rg BT 203.33 382.60 Td (calculating ) Tj ET Q q 0 0 0 rg BT 258.85 382.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.39 382.60 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 333.28 382.60 Td ( ) Tj ET Q q 0 0 0 rg BT 336.15 382.60 Td (Measures ) Tj ET Q q 0 0 0 rg BT 385.02 382.60 Td (may ) Tj ET Q q 0 0 0 rg BT 408.55 382.60 Td (dif) Tj ET Q q 0 0 0 rg BT 421.67 382.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 437.86 382.60 Td (from ) Tj ET Q q 0 0 0 rg BT 464.06 382.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.60 382.60 Td (methods ) Tj ET Q q 0 0 0 rg BT 525.14 382.60 Td (used ) Tj ET Q q 0 0 0 rg BT 550.02 382.60 Td (by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 361.75 Td (other ) Tj ET Q q 0 0 0 rg BT 78.24 361.75 Td (issuers. ) Tj ET Q q 0 0 0 rg BT 117.23 361.75 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 171.12 361.75 Td ( ) Tj ET Q q 0 0 0 rg BT 174.70 361.75 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 231.59 361.75 Td ( ) Tj ET Q q 0 0 0 rg BT 235.18 361.75 Td (Measures ) Tj ET Q q 0 0 0 rg BT 284.75 361.75 Td (may ) Tj ET Q q 0 0 0 rg BT 308.99 361.75 Td (not ) Tj ET Q q 0 0 0 rg BT 327.91 361.75 Td (be ) Tj ET Q q 0 0 0 rg BT 342.83 361.75 Td (comparable ) Tj ET Q q 0 0 0 rg BT 402.38 361.75 Td (to ) Tj ET Q q 0 0 0 rg BT 415.30 361.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 452.22 361.75 Td (measures ) Tj ET Q q 0 0 0 rg BT 500.45 361.75 Td (presented ) Tj ET Q q 0 0 0 rg BT 550.01 361.75 Td (by ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 340.85 Td (other ) Tj ET Q q 0 0 0 rg BT 77.66 340.85 Td (issuers.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 28.00 308.00 Td ( ) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 50.00 308.00 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 145.00 308.00 Td (Statements) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 28.00 275.10 Td ( ) Tj ET Q q 0 0 0 rg BT 50.00 275.10 Td (CAUTIONAR) Tj ET Q q 0 0 0 rg BT 120.00 275.10 Td (Y) Tj ET Q q 0 0 0 rg BT 128.22 275.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.22 275.10 Td (ST) Tj ET Q q 0 0 0 rg BT 144.27 275.10 Td (A) Tj ET Q q 0 0 0 rg BT 151.60 275.10 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 200.04 275.10 Td ( ) Tj ET Q q 0 0 0 rg BT 203.04 275.10 Td (REGARDING ) Tj ET Q q 0 0 0 rg BT 276.70 275.10 Td (FOR) Tj ET Q q 0 0 0 rg BT 299.39 275.10 Td (W) Tj ET Q q 0 0 0 rg BT 309.38 275.10 Td (ARD ) Tj ET Q q 0 0 0 rg BT 337.72 275.10 Td (LOOKING ) Tj ET Q q 0 0 0 rg BT 395.37 275.10 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 449.39 275.10 Td (TION) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 242.20 Td (This ) Tj ET Q q 0 0 0 rg BT 78.24 242.20 Td (news ) Tj ET Q q 0 0 0 rg BT 109.80 242.20 Td (release ) Tj ET Q q 0 0 0 rg BT 150.01 242.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 196.90 242.20 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 282.45 242.20 Td (statements. ) Tj ET Q q 0 0 0 rg BT 342.51 242.20 Td (These ) Tj ET Q q 0 0 0 rg BT 378.07 242.20 Td (involve ) Tj ET Q q 0 0 0 rg BT 420.96 242.20 Td (known ) Tj ET Q q 0 0 0 rg BT 460.53 242.20 Td (and ) Tj ET Q q 0 0 0 rg BT 484.76 242.20 Td (unknown ) Tj ET Q q 0 0 0 rg BT 536.33 242.20 Td (risks, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 221.35 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 113.53 221.35 Td (and ) Tj ET Q q 0 0 0 rg BT 133.09 221.35 Td (other ) Tj ET Q q 0 0 0 rg BT 159.97 221.35 Td (factors ) Tj ET Q q 0 0 0 rg BT 194.85 221.35 Td (that ) Tj ET Q q 0 0 0 rg BT 215.07 221.35 Td (may ) Tj ET Q q 0 0 0 rg BT 237.96 221.35 Td (cause ) Tj ET Q q 0 0 0 rg BT 266.84 221.35 Td (actual ) Tj ET Q q 0 0 0 rg BT 297.71 221.35 Td (results, ) Tj ET Q q 0 0 0 rg BT 334.27 221.35 Td (performance ) Tj ET Q q 0 0 0 rg BT 397.12 221.35 Td (or ) Tj ET Q q 0 0 0 rg BT 409.35 221.35 Td (achievements ) Tj ET Q q 0 0 0 rg BT 476.88 221.35 Td (or ) Tj ET Q q 0 0 0 rg BT 489.10 221.35 Td (industry ) Tj ET Q q 0 0 0 rg BT 530.67 221.35 Td (results ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 200.45 Td (to ) Tj ET Q q 0 0 0 rg BT 61.61 200.45 Td (be ) Tj ET Q q 0 0 0 rg BT 75.20 200.45 Td (materially ) Tj ET Q q 0 0 0 rg BT 126.12 200.45 Td (dif) Tj ET Q q 0 0 0 rg BT 139.23 200.45 Td (ferent ) Tj ET Q q 0 0 0 rg BT 169.48 200.45 Td (from ) Tj ET Q q 0 0 0 rg BT 195.08 200.45 Td (any ) Tj ET Q q 0 0 0 rg BT 214.68 200.45 Td (future ) Tj ET Q q 0 0 0 rg BT 245.60 200.45 Td (results, ) Tj ET Q q 0 0 0 rg BT 282.21 200.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 345.11 200.45 Td (or ) Tj ET Q q 0 0 0 rg BT 357.37 200.45 Td (achievements ) Tj ET Q q 0 0 0 rg BT 424.95 200.45 Td (expressed ) Tj ET Q q 0 0 0 rg BT 474.54 200.45 Td (or ) Tj ET Q q 0 0 0 rg BT 486.80 200.45 Td (implied ) Tj ET Q q 0 0 0 rg BT 525.74 200.45 Td (by ) Tj ET Q q 0 0 0 rg BT 540.01 200.45 Td (such ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 179.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 130.85 179.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 186.55 179.60 Td (These ) Tj ET Q q 0 0 0 rg BT 217.41 179.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 298.25 179.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 351.11 179.60 Td (are ) Tj ET Q q 0 0 0 rg BT 367.97 179.60 Td (identified ) Tj ET Q q 0 0 0 rg BT 416.16 179.60 Td (by ) Tj ET Q q 0 0 0 rg BT 430.36 179.60 Td (the ) Tj ET Q q 0 0 0 rg BT 447.23 179.60 Td (use ) Tj ET Q q 0 0 0 rg BT 465.43 179.60 Td (of ) Tj ET Q q 0 0 0 rg BT 477.63 179.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 506.49 179.60 Td (and ) Tj ET Q q 0 0 0 rg BT 526.02 179.60 Td (phrases ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 158.70 Td (such ) Tj ET Q q 0 0 0 rg BT 74.94 158.70 Td (as ) Tj ET Q q 0 0 0 rg BT 87.88 158.70 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 151.11 158.70 Td (believe, ) Tj ET Q q 0 0 0 rg BT 202.35 158.70 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 258.93 158.70 Td (expect, ) Tj ET Q q 0 0 0 rg BT 306.83 158.70 Td (may, ) Tj ET Q q 0 0 0 rg BT 344.09 158.70 Td (plan, ) Tj ET Q q 0 0 0 rg BT 381.34 158.70 Td (will, ) Tj ET Q q 0 0 0 rg BT 416.60 158.70 Td (and ) Tj ET Q q 0 0 0 rg BT 436.87 158.70 Td (similar ) Tj ET Q q 0 0 0 rg BT 473.14 158.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 502.74 158.70 Td (and ) Tj ET Q q 0 0 0 rg BT 523.01 158.70 Td (phrases, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 137.80 Td (including ) Tj ET Q q 0 0 0 rg BT 99.48 137.80 Td (references ) Tj ET Q q 0 0 0 rg BT 152.91 137.80 Td (to ) Tj ET Q q 0 0 0 rg BT 166.39 137.80 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 232.88 137.80 Td (Such ) Tj ET Q q 0 0 0 rg BT 261.02 137.80 Td (statements ) Tj ET Q q 0 0 0 rg BT 315.83 137.80 Td (may ) Tj ET Q q 0 0 0 rg BT 340.63 137.80 Td (involve, ) Tj ET Q q 0 0 0 rg BT 383.77 137.80 Td (but ) Tj ET Q q 0 0 0 rg BT 403.25 137.80 Td (are ) Tj ET Q q 0 0 0 rg BT 422.05 137.80 Td (not ) Tj ET Q q 0 0 0 rg BT 441.53 137.80 Td (limited ) Tj ET Q q 0 0 0 rg BT 479.67 137.80 Td (to: ) Tj ET Q q 0 0 0 rg BT 496.49 137.80 Td ( ) Tj ET Q q 0 0 0 rg BT 499.72 137.80 Td (As ) Tj ET Q q 0 0 0 rg BT 517.20 137.80 Td (we ) Tj ET Q q 0 0 0 rg BT 535.34 137.80 Td (move ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 116.95 Td (forward, ) Tj ET Q q 0 0 0 rg BT 93.54 116.95 Td (we ) Tj ET Q q 0 0 0 rg BT 110.10 116.95 Td (expect ) Tj ET Q q 0 0 0 rg BT 143.97 116.95 Td (the ) Tj ET Q q 0 0 0 rg BT 161.19 116.95 Td (impacts ) Tj ET Q q 0 0 0 rg BT 201.08 116.95 Td (of ) Tj ET Q q 0 0 0 rg BT 213.64 116.95 Td (the ) Tj ET Q q 0 0 0 rg BT 230.86 116.95 Td (trade ) Tj ET Q q 0 0 0 rg BT 257.40 116.95 Td (barriers ) Tj ET Q q 0 0 0 rg BT 296.61 116.95 Td (on ) Tj ET Q q 0 0 0 rg BT 311.17 116.95 Td (our ) Tj ET Q q 0 0 0 rg BT 329.73 116.95 Td (business ) Tj ET Q q 0 0 0 rg BT 372.96 116.95 Td (will ) Tj ET Q q 0 0 0 rg BT 394.19 116.95 Td (gradually ) Tj ET Q q 0 0 0 rg BT 442.07 116.95 Td (subside; ) Tj ET Q q 0 0 0 rg BT 483.97 116.95 Td (HDI's ) Tj ET Q q 0 0 0 rg BT 514.69 116.95 Td (long-term ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 96.05 Td (view ) Tj ET Q q 0 0 0 rg BT 76.96 96.05 Td (on ) Tj ET Q q 0 0 0 rg BT 92.60 96.05 Td (US ) Tj ET Q q 0 0 0 rg BT 111.57 96.05 Td (housing ) Tj ET Q q 0 0 0 rg BT 153.21 96.05 Td (demand ) Tj ET Q q 0 0 0 rg BT 194.83 96.05 Td (remains ) Tj ET Q q 0 0 0 rg BT 236.46 96.05 Td (positive; ) Tj ET Q q 0 0 0 rg BT 281.42 96.05 Td (in ) Tj ET Q q 0 0 0 rg BT 294.39 96.05 Td (the ) Tj ET Q q 0 0 0 rg BT 312.69 96.05 Td (near ) Tj ET Q q 0 0 0 rg BT 336.97 96.05 Td (term, ) Tj ET Q q 0 0 0 rg BT 365.60 96.05 Td (most ) Tj ET Q q 0 0 0 rg BT 392.57 96.05 Td (forecasters ) Tj ET Q q 0 0 0 rg BT 448.18 96.05 Td (are ) Tj ET Q q 0 0 0 rg BT 466.46 96.05 Td (predicting ) Tj ET Q q 0 0 0 rg BT 518.75 96.05 Td (at ) Tj ET Q q 0 0 0 rg BT 531.04 96.05 Td (least ) Tj ET Q q 0 0 0 rg BT 556.67 96.05 Td (a ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 75.20 Td (modest ) Tj ET Q q 0 0 0 rg BT 86.73 75.20 Td (level ) Tj ET Q q 0 0 0 rg BT 112.11 75.20 Td (of ) Tj ET Q q 0 0 0 rg BT 124.17 75.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 160.23 75.20 Td (for ) Tj ET Q q 0 0 0 rg BT 176.29 75.20 Td (residential ) Tj ET Q q 0 0 0 rg BT 228.33 75.20 Td (construction ) Tj ET Q q 0 0 0 rg BT 289.72 75.20 Td (in ) Tj ET Q q 0 0 0 rg BT 301.12 75.20 Td (2019; ) Tj ET Q q 0 0 0 rg BT 330.51 75.20 Td (Harvard's ) Tj ET Q q 0 0 0 rg BT 378.72 75.20 Td (Center ) Tj ET Q q 0 0 0 rg BT 412.77 75.20 Td (for ) Tj ET Q q 0 0 0 rg BT 428.83 75.20 Td (Joint ) Tj ET Q q 0 0 0 rg BT 454.23 75.20 Td (Housing ) Tj ET Q q 0 0 0 rg BT 496.96 75.20 Td (predicts ) Tj ET Q q 0 0 0 rg BT 537.01 75.20 Td (5.2% ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 54.30 Td (growth ) Tj ET Q q 0 0 0 rg BT 88.13 54.30 Td (for ) Tj ET Q q 0 0 0 rg BT 106.25 54.30 Td (the ) Tj ET Q q 0 0 0 rg BT 125.04 54.30 Td (US ) Tj ET Q q 0 0 0 rg BT 144.51 54.30 Td (repair ) Tj ET Q q 0 0 0 rg BT 176.61 54.30 Td (and ) Tj ET Q q 0 0 0 rg BT 198.07 54.30 Td (renovation ) Tj ET Q q 0 0 0 rg BT 253.52 54.30 Td (market; ) Tj ET Q q 0 0 0 rg BT 294.29 54.30 Td (in ) Tj ET Q q 0 0 0 rg BT 307.76 54.30 Td (the ) Tj ET Q q 0 0 0 rg BT 326.55 54.30 Td (non-residential ) Tj ET Q q 0 0 0 rg BT 402.65 54.30 Td (construction ) Tj ET Q q 0 0 0 rg BT 466.10 54.30 Td (market, ) Tj ET Q q 0 0 0 rg BT 506.55 54.30 Td (spending ) Tj ET Q q 0 0 0 rg BT 554.01 54.30 Td (is ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 12.00 Tf ET q 0 0 0 rg BT 300.00 30.20 Td (10) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 740.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 94.67 740.70 Td (to ) Tj ET Q q 0 0 0 rg BT 106.04 740.70 Td (continue ) Tj ET Q q 0 0 0 rg BT 149.40 740.70 Td (growing ) Tj ET Q q 0 0 0 rg BT 191.43 740.70 Td (in ) Tj ET Q q 0 0 0 rg BT 202.80 740.70 Td (2019, ) Tj ET Q q 0 0 0 rg BT 231.84 740.70 Td (with ) Tj ET Q q 0 0 0 rg BT 255.21 740.70 Td (consensus ) Tj ET Q q 0 0 0 rg BT 305.91 740.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 341.94 740.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 388.63 740.70 Td (of ) Tj ET Q q 0 0 0 rg BT 400.66 740.70 Td (4.4% ) Tj ET Q q 0 0 0 rg BT 427.70 740.70 Td (as ) Tj ET Q q 0 0 0 rg BT 439.73 740.70 Td (per ) Tj ET Q q 0 0 0 rg BT 457.09 740.70 Td (the ) Tj ET Q q 0 0 0 rg BT 473.33 740.70 Td (American ) Tj ET Q q 0 0 0 rg BT 522.68 740.70 Td (Institute ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 719.80 Td (of ) Tj ET Q q 0 0 0 rg BT 62.55 719.80 Td (Architects; ) Tj ET Q q 0 0 0 rg BT 118.47 719.80 Td (in ) Tj ET Q q 0 0 0 rg BT 131.08 719.80 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 173.33 719.80 Td (we ) Tj ET Q q 0 0 0 rg BT 190.60 719.80 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 240.51 719.80 Td (nominal ) Tj ET Q q 0 0 0 rg BT 283.11 719.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 320.38 719.80 Td (across ) Tj ET Q q 0 0 0 rg BT 353.65 719.80 Td (our ) Tj ET Q q 0 0 0 rg BT 372.92 719.80 Td (end-markets; ) Tj ET Q q 0 0 0 rg BT 438.83 719.80 Td (management ) Tj ET Q q 0 0 0 rg BT 503.41 719.80 Td (expects ) Tj ET Q q 0 0 0 rg BT 542.67 719.80 Td (first ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 698.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 86.09 698.95 Td (2019 ) Tj ET Q q 0 0 0 rg BT 112.20 698.95 Td (sales ) Tj ET Q q 0 0 0 rg BT 137.64 698.95 Td (to ) Tj ET Q q 0 0 0 rg BT 149.08 698.95 Td (be ) Tj ET Q q 0 0 0 rg BT 162.52 698.95 Td (in ) Tj ET Q q 0 0 0 rg BT 173.96 698.95 Td (line ) Tj ET Q q 0 0 0 rg BT 194.07 698.95 Td (with ) Tj ET Q q 0 0 0 rg BT 217.51 698.95 Td (the ) Tj ET Q q 0 0 0 rg BT 234.28 698.95 Td (first ) Tj ET Q q 0 0 0 rg BT 255.73 698.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 291.81 698.95 Td (of ) Tj ET Q q 0 0 0 rg BT 303.92 698.95 Td (2018; ) Tj ET Q q 0 0 0 rg BT 333.37 698.95 Td (for ) Tj ET Q q 0 0 0 rg BT 349.47 698.95 Td (the ) Tj ET Q q 0 0 0 rg BT 366.24 698.95 Td (balance ) Tj ET Q q 0 0 0 rg BT 404.99 698.95 Td (of ) Tj ET Q q 0 0 0 rg BT 417.10 698.95 Td (the ) Tj ET Q q 0 0 0 rg BT 433.87 698.95 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 461.97 698.95 Td (year) Tj ET Q q 0 0 0 rg BT 482.13 698.95 Td (, ) Tj ET Q q 0 0 0 rg BT 487.24 698.95 Td (HDI ) Tj ET Q q 0 0 0 rg BT 510.68 698.95 Td (anticipates ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 678.05 Td (low-to-mid ) Tj ET Q q 0 0 0 rg BT 107.21 678.05 Td (single ) Tj ET Q q 0 0 0 rg BT 139.09 678.05 Td (digit ) Tj ET Q q 0 0 0 rg BT 164.30 678.05 Td (or) Tj ET Q q 0 0 0 rg BT 174.08 678.05 Td (ganic ) Tj ET Q q 0 0 0 rg BT 203.28 678.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 240.49 678.05 Td (in ) Tj ET Q q 0 0 0 rg BT 253.04 678.05 Td (the ) Tj ET Q q 0 0 0 rg BT 270.91 678.05 Td (US ) Tj ET Q q 0 0 0 rg BT 289.47 678.05 Td (and ) Tj ET Q q 0 0 0 rg BT 310.01 678.05 Td (nominal ) Tj ET Q q 0 0 0 rg BT 352.55 678.05 Td (or) Tj ET Q q 0 0 0 rg BT 362.33 678.05 Td (ganic ) Tj ET Q q 0 0 0 rg BT 391.53 678.05 Td (growth ) Tj ET Q q 0 0 0 rg BT 428.74 678.05 Td (in ) Tj ET Q q 0 0 0 rg BT 441.29 678.05 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 483.48 678.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 517.35 678.05 Td (primarily ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 657.20 Td (by ) Tj ET Q q 0 0 0 rg BT 65.17 657.20 Td (implementation ) Tj ET Q q 0 0 0 rg BT 143.66 657.20 Td (of ) Tj ET Q q 0 0 0 rg BT 156.83 657.20 Td (the ) Tj ET Q q 0 0 0 rg BT 174.66 657.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 231.33 657.20 Td (strategic ) Tj ET Q q 0 0 0 rg BT 275.14 657.20 Td (initiatives; ) Tj ET Q q 0 0 0 rg BT 328.98 657.20 Td (HDI ) Tj ET Q q 0 0 0 rg BT 353.47 657.20 Td (is ) Tj ET Q q 0 0 0 rg BT 364.65 657.20 Td ( ) Tj ET Q q 0 0 0 rg BT 367.82 657.20 Td (also ) Tj ET Q q 0 0 0 rg BT 390.32 657.20 Td (well ) Tj ET Q q 0 0 0 rg BT 414.15 657.20 Td (positioned ) Tj ET Q q 0 0 0 rg BT 467.32 657.20 Td (to ) Tj ET Q q 0 0 0 rg BT 479.83 657.20 Td (build ) Tj ET Q q 0 0 0 rg BT 507.67 657.20 Td (both ) Tj ET Q q 0 0 0 rg BT 532.17 657.20 Td (its ) Tj ET Q q 0 0 0 rg BT 546.68 657.20 Td (top ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 636.30 Td (and ) Tj ET Q q 0 0 0 rg BT 70.91 636.30 Td (bottom ) Tj ET Q q 0 0 0 rg BT 108.49 636.30 Td (line ) Tj ET Q q 0 0 0 rg BT 130.07 636.30 Td (with ) Tj ET Q q 0 0 0 rg BT 154.99 636.30 Td (accretive ) Tj ET Q q 0 0 0 rg BT 201.87 636.30 Td (acquisition-based ) Tj ET Q q 0 0 0 rg BT 289.43 636.30 Td (growth; ) Tj ET Q q 0 0 0 rg BT 330.34 636.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 359.26 636.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 389.50 636.30 Td (percentage ) Tj ET Q q 0 0 0 rg BT 445.04 636.30 Td (is ) Tj ET Q q 0 0 0 rg BT 456.63 636.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 502.85 636.30 Td (to ) Tj ET Q q 0 0 0 rg BT 515.77 636.30 Td (remain ) Tj ET Q q 0 0 0 rg BT 552.67 636.30 Td (in ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 615.40 Td (the ) Tj ET Q q 0 0 0 rg BT 66.38 615.40 Td (17%-18% ) Tj ET Q q 0 0 0 rg BT 116.09 615.40 Td (range ) Tj ET Q q 0 0 0 rg BT 144.46 615.40 Td (until ) Tj ET Q q 0 0 0 rg BT 168.18 615.40 Td (more ) Tj ET Q q 0 0 0 rg BT 194.55 615.40 Td (consistent ) Tj ET Q q 0 0 0 rg BT 244.27 615.40 Td (supply-demand ) Tj ET Q q 0 0 0 rg BT 319.97 615.40 Td (dynamics ) Tj ET Q q 0 0 0 rg BT 367.68 615.40 Td (in ) Tj ET Q q 0 0 0 rg BT 378.74 615.40 Td (the ) Tj ET Q q 0 0 0 rg BT 395.12 615.40 Td (hardwood ) Tj ET Q q 0 0 0 rg BT 444.83 615.40 Td (plywood ) Tj ET Q q 0 0 0 rg BT 488.54 615.40 Td (market ) Tj ET Q q 0 0 0 rg BT 523.58 615.40 Td (emer) Tj ET Q q 0 0 0 rg BT 547.35 615.40 Td (ge; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 594.55 Td (HDI ) Tj ET Q q 0 0 0 rg BT 76.42 594.55 Td (generates ) Tj ET Q q 0 0 0 rg BT 126.81 594.55 Td (significant ) Tj ET Q q 0 0 0 rg BT 182.55 594.55 Td (cash ) Tj ET Q q 0 0 0 rg BT 208.96 594.55 Td (flow ) Tj ET Q q 0 0 0 rg BT 236.05 594.55 Td (from ) Tj ET Q q 0 0 0 rg BT 264.46 594.55 Td (operations ) Tj ET Q q 0 0 0 rg BT 319.54 594.55 Td (before ) Tj ET Q q 0 0 0 rg BT 355.27 594.55 Td (working ) Tj ET Q q 0 0 0 rg BT 400.36 594.55 Td (capital; ) Tj ET Q q 0 0 0 rg BT 440.76 594.55 Td (HDI ) Tj ET Q q 0 0 0 rg BT 467.18 594.55 Td (views ) Tj ET Q q 0 0 0 rg BT 500.26 594.55 Td (the ) Tj ET Q q 0 0 0 rg BT 520.01 594.55 Td (potential ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 573.65 Td (imposition ) Tj ET Q q 0 0 0 rg BT 104.03 573.65 Td (of ) Tj ET Q q 0 0 0 rg BT 116.12 573.65 Td (AD ) Tj ET Q q 0 0 0 rg BT 136.14 573.65 Td (and ) Tj ET Q q 0 0 0 rg BT 156.15 573.65 Td (CVD ) Tj ET Q q 0 0 0 rg BT 184.18 573.65 Td (duties ) Tj ET Q q 0 0 0 rg BT 215.53 573.65 Td (on ) Tj ET Q q 0 0 0 rg BT 230.22 573.65 Td (cabinet ) Tj ET Q q 0 0 0 rg BT 267.55 573.65 Td (products ) Tj ET Q q 0 0 0 rg BT 311.57 573.65 Td (imported ) Tj ET Q q 0 0 0 rg BT 357.58 573.65 Td (from ) Tj ET Q q 0 0 0 rg BT 383.59 573.65 Td (China ) Tj ET Q q 0 0 0 rg BT 414.94 573.65 Td (as ) Tj ET Q q 0 0 0 rg BT 427.63 573.65 Td (positive, ) Tj ET Q q 0 0 0 rg BT 471.31 573.65 Td (as ) Tj ET Q q 0 0 0 rg BT 484.00 573.65 Td (it ) Tj ET Q q 0 0 0 rg BT 493.35 573.65 Td (could ) Tj ET Q q 0 0 0 rg BT 522.70 573.65 Td (increase ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 552.80 Td (demand ) Tj ET Q q 0 0 0 rg BT 89.96 552.80 Td (from ) Tj ET Q q 0 0 0 rg BT 115.26 552.80 Td (the ) Tj ET Q q 0 0 0 rg BT 131.90 552.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 187.37 552.80 Td (primary ) Tj ET Q q 0 0 0 rg BT 227.33 552.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 273.29 552.80 Td (base, ) Tj ET Q q 0 0 0 rg BT 299.59 552.80 Td (domestic ) Tj ET Q q 0 0 0 rg BT 344.88 552.80 Td (cabinet ) Tj ET Q q 0 0 0 rg BT 381.51 552.80 Td (manufacturers; ) Tj ET Q q 0 0 0 rg BT 455.45 552.80 Td (and ) Tj ET Q q 0 0 0 rg BT 474.75 552.80 Td (as ) Tj ET Q q 0 0 0 rg BT 486.72 552.80 Td (volumes ) Tj ET Q q 0 0 0 rg BT 529.36 552.80 Td (related ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 531.90 Td (to ) Tj ET Q q 0 0 0 rg BT 64.46 531.90 Td (new ) Tj ET Q q 0 0 0 rg BT 89.57 531.90 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 148.00 531.90 Td (hardwood ) Tj ET Q q 0 0 0 rg BT 201.12 531.90 Td (plywood ) Tj ET Q q 0 0 0 rg BT 248.24 531.90 Td (product ) Tj ET Q q 0 0 0 rg BT 290.02 531.90 Td (of) Tj ET Q q 0 0 0 rg BT 299.80 531.90 Td (ferings ) Tj ET Q q 0 0 0 rg BT 338.24 531.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 382.67 531.90 Td (and ) Tj ET Q q 0 0 0 rg BT 405.12 531.90 Td (more ) Tj ET Q q 0 0 0 rg BT 434.90 531.90 Td (consistent ) Tj ET Q q 0 0 0 rg BT 488.02 531.90 Td (supply-demand ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 511.00 Td (dynamics ) Tj ET Q q 0 0 0 rg BT 98.99 511.00 Td (emer) Tj ET Q q 0 0 0 rg BT 122.76 511.00 Td (ge, ) Tj ET Q q 0 0 0 rg BT 140.08 511.00 Td (the ) Tj ET Q q 0 0 0 rg BT 157.74 511.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 207.41 511.00 Td (expects ) Tj ET Q q 0 0 0 rg BT 246.39 511.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 274.72 511.00 Td (mar) Tj ET Q q 0 0 0 rg BT 293.16 511.00 Td (gins ) Tj ET Q q 0 0 0 rg BT 316.17 511.00 Td (will ) Tj ET Q q 0 0 0 rg BT 337.84 511.00 Td (gradually ) Tj ET Q q 0 0 0 rg BT 386.15 511.00 Td (improve. ) Tj ET Q q 0 0 0 rg BT 432.14 511.00 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 478.15 Td ( ) Tj ET Q q 0 0 0 rg BT 52.76 478.15 Td (These ) Tj ET Q q 0 0 0 rg BT 84.40 478.15 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 166.02 478.15 Td (statements ) Tj ET Q q 0 0 0 rg BT 219.65 478.15 Td (reflect ) Tj ET Q q 0 0 0 rg BT 253.27 478.15 Td (current ) Tj ET Q q 0 0 0 rg BT 290.23 478.15 Td (expectations ) Tj ET Q q 0 0 0 rg BT 353.19 478.15 Td (of ) Tj ET Q q 0 0 0 rg BT 366.16 478.15 Td (management ) Tj ET Q q 0 0 0 rg BT 430.45 478.15 Td (regarding ) Tj ET Q q 0 0 0 rg BT 479.41 478.15 Td (future ) Tj ET Q q 0 0 0 rg BT 511.04 478.15 Td (events ) Tj ET Q q 0 0 0 rg BT 544.67 478.15 Td (and ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 98.74 457.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 162.79 457.25 Td (as ) Tj ET Q q 0 0 0 rg BT 176.21 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.63 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.71 457.25 Td (date ) Tj ET Q q 0 0 0 rg BT 231.12 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.54 457.25 Td (this ) Tj ET Q q 0 0 0 rg BT 265.30 457.25 Td (news ) Tj ET Q q 0 0 0 rg BT 293.39 457.25 Td (release. ) Tj ET Q q 0 0 0 rg BT 333.12 457.25 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 417.86 457.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 471.94 457.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 511.36 457.25 Td (significant ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 436.40 Td (risks ) Tj ET Q q 0 0 0 rg BT 77.18 436.40 Td (and ) Tj ET Q q 0 0 0 rg BT 99.02 436.40 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 167.83 436.40 Td (should ) Tj ET Q q 0 0 0 rg BT 204.35 436.40 Td (not ) Tj ET Q q 0 0 0 rg BT 224.19 436.40 Td (be ) Tj ET Q q 0 0 0 rg BT 240.03 436.40 Td (read ) Tj ET Q q 0 0 0 rg BT 265.18 436.40 Td (as ) Tj ET Q q 0 0 0 rg BT 279.69 436.40 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 335.50 436.40 Td (of ) Tj ET Q q 0 0 0 rg BT 350.01 436.40 Td (future ) Tj ET Q q 0 0 0 rg BT 383.17 436.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 448.31 436.40 Td (or ) Tj ET Q q 0 0 0 rg BT 462.81 436.40 Td (results, ) Tj ET Q q 0 0 0 rg BT 501.65 436.40 Td (and ) Tj ET Q q 0 0 0 rg BT 523.49 436.40 Td (will ) Tj ET Q q 0 0 0 rg BT 546.67 436.40 Td (not ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 415.50 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 105.56 415.50 Td (be ) Tj ET Q q 0 0 0 rg BT 119.15 415.50 Td (accurate ) Tj ET Q q 0 0 0 rg BT 161.36 415.50 Td (indications ) Tj ET Q q 0 0 0 rg BT 216.28 415.50 Td (of ) Tj ET Q q 0 0 0 rg BT 228.53 415.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 269.43 415.50 Td (or ) Tj ET Q q 0 0 0 rg BT 281.69 415.50 Td (not ) Tj ET Q q 0 0 0 rg BT 299.28 415.50 Td (such ) Tj ET Q q 0 0 0 rg BT 323.53 415.50 Td (results ) Tj ET Q q 0 0 0 rg BT 357.11 415.50 Td (will ) Tj ET Q q 0 0 0 rg BT 378.04 415.50 Td (be ) Tj ET Q q 0 0 0 rg BT 391.62 415.50 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 439.02 415.50 Td (A) Tj ET Q q 0 0 0 rg BT 447.02 415.50 Td ( ) Tj ET Q q 0 0 0 rg BT 449.28 415.50 Td (number ) Tj ET Q q 0 0 0 rg BT 488.19 415.50 Td (of ) Tj ET Q q 0 0 0 rg BT 500.44 415.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 535.34 415.50 Td (could ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 394.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 78.15 394.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 108.30 394.60 Td (results ) Tj ET Q q 0 0 0 rg BT 141.13 394.60 Td (to ) Tj ET Q q 0 0 0 rg BT 151.97 394.60 Td (dif) Tj ET Q q 0 0 0 rg BT 165.08 394.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 179.91 394.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 230.05 394.60 Td (from ) Tj ET Q q 0 0 0 rg BT 254.88 394.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.04 394.60 Td (results ) Tj ET Q q 0 0 0 rg BT 303.88 394.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 351.38 394.60 Td (in ) Tj ET Q q 0 0 0 rg BT 362.21 394.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.38 394.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 458.52 394.60 Td (statements, ) Tj ET Q q 0 0 0 rg BT 513.68 394.60 Td (including, ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 373.75 Td (but ) Tj ET Q q 0 0 0 rg BT 68.23 373.75 Td (not ) Tj ET Q q 0 0 0 rg BT 86.46 373.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 123.35 373.75 Td (to: ) Tj ET Q q 0 0 0 rg BT 138.92 373.75 Td (national ) Tj ET Q q 0 0 0 rg BT 180.47 373.75 Td (and ) Tj ET Q q 0 0 0 rg BT 200.69 373.75 Td (local ) Tj ET Q q 0 0 0 rg BT 226.90 373.75 Td (business ) Tj ET Q q 0 0 0 rg BT 270.47 373.75 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 326.70 373.75 Td (political ) Tj ET Q q 0 0 0 rg BT 368.92 373.75 Td (or ) Tj ET Q q 0 0 0 rg BT 381.81 373.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 431.35 373.75 Td (instability ) Tj ET Q q 0 0 0 rg BT 482.25 373.75 Td (in ) Tj ET Q q 0 0 0 rg BT 494.48 373.75 Td (local ) Tj ET Q q 0 0 0 rg BT 520.69 373.75 Td (markets; ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 352.85 Td (competition; ) Tj ET Q q 0 0 0 rg BT 113.27 352.85 Td (consumer ) Tj ET Q q 0 0 0 rg BT 162.54 352.85 Td (preferences; ) Tj ET Q q 0 0 0 rg BT 223.78 352.85 Td (spending ) Tj ET Q q 0 0 0 rg BT 269.73 352.85 Td (patterns ) Tj ET Q q 0 0 0 rg BT 310.33 352.85 Td (and ) Tj ET Q q 0 0 0 rg BT 330.27 352.85 Td (demographic ) Tj ET Q q 0 0 0 rg BT 395.53 352.85 Td (trends; ) Tj ET Q q 0 0 0 rg BT 430.81 352.85 Td (legislation ) Tj ET Q q 0 0 0 rg BT 483.42 352.85 Td (or ) Tj ET Q q 0 0 0 rg BT 496.03 352.85 Td (governmental ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 332.00 Td (regulation; ) Tj ET Q q 0 0 0 rg BT 104.98 332.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 160.64 332.00 Td (and ) Tj ET Q q 0 0 0 rg BT 180.97 332.00 Td (integration ) Tj ET Q q 0 0 0 rg BT 235.95 332.00 Td (risks.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 98.47 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.28 299.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 198.06 299.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 251.86 299.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 301.64 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.12 299.10 Td (this ) Tj ET Q q 0 0 0 rg BT 334.60 299.10 Td (news ) Tj ET Q q 0 0 0 rg BT 362.40 299.10 Td (release ) Tj ET Q q 0 0 0 rg BT 398.84 299.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.63 299.10 Td (based ) Tj ET Q q 0 0 0 rg BT 447.10 299.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 474.24 299.10 Td (what ) Tj ET Q q 0 0 0 rg BT 500.70 299.10 Td (management ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 278.20 Td (believes ) Tj ET Q q 0 0 0 rg BT 94.22 278.20 Td (to ) Tj ET Q q 0 0 0 rg BT 108.47 278.20 Td (be ) Tj ET Q q 0 0 0 rg BT 124.70 278.20 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 180.91 278.20 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 248.16 278.20 Td (management ) Tj ET Q q 0 0 0 rg BT 314.38 278.20 Td (cannot ) Tj ET Q q 0 0 0 rg BT 351.27 278.20 Td (assure ) Tj ET Q q 0 0 0 rg BT 386.17 278.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 434.40 278.20 Td (that ) Tj ET Q q 0 0 0 rg BT 457.31 278.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 490.86 278.20 Td (results ) Tj ET Q q 0 0 0 rg BT 527.10 278.20 Td (will ) Tj ET Q q 0 0 0 rg BT 550.68 278.20 Td (be ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 257.35 Td (consistent ) Tj ET Q q 0 0 0 rg BT 102.23 257.35 Td (with ) Tj ET Q q 0 0 0 rg BT 127.80 257.35 Td (these ) Tj ET Q q 0 0 0 rg BT 156.69 257.35 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 239.57 257.35 Td (statements. ) Tj ET Q q 0 0 0 rg BT 297.16 257.35 Td (The ) Tj ET Q q 0 0 0 rg BT 320.05 257.35 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 402.93 257.35 Td (statements ) Tj ET Q q 0 0 0 rg BT 457.82 257.35 Td (reflect ) Tj ET Q q 0 0 0 rg BT 492.70 257.35 Td (management) Tj ET Q q 0 0 0 rg BT 557.34 257.35 Td (s ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 236.45 Td (current ) Tj ET Q q 0 0 0 rg BT 86.98 236.45 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 121.96 236.45 Td (and ) Tj ET Q q 0 0 0 rg BT 142.29 236.45 Td (are ) Tj ET Q q 0 0 0 rg BT 159.94 236.45 Td (based ) Tj ET Q q 0 0 0 rg BT 190.26 236.45 Td (on ) Tj ET Q q 0 0 0 rg BT 205.26 236.45 Td (information ) Tj ET Q q 0 0 0 rg BT 264.92 236.45 Td (currently ) Tj ET Q q 0 0 0 rg BT 311.23 236.45 Td (available.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 203.60 Td (All ) Tj ET Q q 0 0 0 rg BT 68.19 203.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 149.69 203.60 Td (information ) Tj ET Q q 0 0 0 rg BT 209.19 203.60 Td (in ) Tj ET Q q 0 0 0 rg BT 221.38 203.60 Td (this ) Tj ET Q q 0 0 0 rg BT 241.57 203.60 Td (news ) Tj ET Q q 0 0 0 rg BT 269.09 203.60 Td (release ) Tj ET Q q 0 0 0 rg BT 305.25 203.60 Td (is ) Tj ET Q q 0 0 0 rg BT 316.10 203.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 361.61 203.60 Td (in ) Tj ET Q q 0 0 0 rg BT 373.79 203.60 Td (its ) Tj ET Q q 0 0 0 rg BT 387.99 203.60 Td (entirety ) Tj ET Q q 0 0 0 rg BT 427.49 203.60 Td (by ) Tj ET Q q 0 0 0 rg BT 442.34 203.60 Td (this ) Tj ET Q q 0 0 0 rg BT 462.54 203.60 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 516.03 203.60 Td (statement ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 182.70 Td (and, ) Tj ET Q q 0 0 0 rg BT 72.50 182.70 Td (except ) Tj ET Q q 0 0 0 rg BT 105.99 182.70 Td (as ) Tj ET Q q 0 0 0 rg BT 118.16 182.70 Td (may ) Tj ET Q q 0 0 0 rg BT 140.99 182.70 Td (be ) Tj ET Q q 0 0 0 rg BT 154.49 182.70 Td (required ) Tj ET Q q 0 0 0 rg BT 196.64 182.70 Td (by ) Tj ET Q q 0 0 0 rg BT 210.82 182.70 Td (law) Tj ET Q q 0 0 0 rg BT 227.36 182.70 Td (, ) Tj ET Q q 0 0 0 rg BT 232.54 182.70 Td (HDI ) Tj ET Q q 0 0 0 rg BT 256.04 182.70 Td (undertakes ) Tj ET Q q 0 0 0 rg BT 310.19 182.70 Td (no ) Tj ET Q q 0 0 0 rg BT 324.37 182.70 Td (obligation ) Tj ET Q q 0 0 0 rg BT 375.20 182.70 Td (to ) Tj ET Q q 0 0 0 rg BT 386.71 182.70 Td (revise ) Tj ET Q q 0 0 0 rg BT 417.54 182.70 Td (or ) Tj ET Q q 0 0 0 rg BT 429.71 182.70 Td (update ) Tj ET Q q 0 0 0 rg BT 463.87 182.70 Td (any ) Tj ET Q q 0 0 0 rg BT 483.37 182.70 Td (forward-looking ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 161.80 Td (information ) Tj ET Q q 0 0 0 rg BT 109.65 161.80 Td (as ) Tj ET Q q 0 0 0 rg BT 122.65 161.80 Td (a ) Tj ET Q q 0 0 0 rg BT 130.98 161.80 Td (result ) Tj ET Q q 0 0 0 rg BT 160.64 161.80 Td (of ) Tj ET Q q 0 0 0 rg BT 173.63 161.80 Td (new ) Tj ET Q q 0 0 0 rg BT 196.63 161.80 Td (information, ) Tj ET Q q 0 0 0 rg BT 259.28 161.80 Td (future ) Tj ET Q q 0 0 0 rg BT 290.93 161.80 Td (events ) Tj ET Q q 0 0 0 rg BT 324.59 161.80 Td (or ) Tj ET Q q 0 0 0 rg BT 337.58 161.80 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 387.24 161.80 Td (after ) Tj ET Q q 0 0 0 rg BT 412.21 161.80 Td (the ) Tj ET Q q 0 0 0 rg BT 429.88 161.80 Td (date ) Tj ET Q q 0 0 0 rg BT 452.86 161.80 Td (hereof.) 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