The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Zachary Evershed - National Bank Financial, Inc., Research Division - Analyst
: Congrats on the quarter. The first question for you is on your EBITDA in the quarter, the strong margins. How much of that can you attribute to the
government grants and how much goes to cost saving initiatives?
Question: Zachary Evershed - National Bank Financial, Inc., Research Division - Analyst
: That's helpful. And do you have visibility on how much of that $3.2 million will occur in Q3 and beyond?
Question: Zachary Evershed - National Bank Financial, Inc., Research Division - Analyst
: Excellent. You also made a reference to some postponed payments, which provided a lift to cash from operations. Is that specifically the swing in
accounts payable, and that's what accounts for it?
Question: Zachary Evershed - National Bank Financial, Inc., Research Division - Analyst
: Absolutely. So June 30, you've already caught up on that?
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JULY 09, 2020 / 6:30PM, RCH.TO - Q2 2020 Richelieu Hardware Ltd Earnings Call
Question: Zachary Evershed - National Bank Financial, Inc., Research Division - Analyst
: Perfect. And then we covered the [inflections], Q3. Beautiful. How is your pipeline looking going forward on M&A after the 2 most recent ones
closed?
Question: Zachary Evershed - National Bank Financial, Inc., Research Division - Analyst
: Perfect. And then one last one for me. There's some real infection hotspots developing in the U.S. Are you making any specific preparations for
shutting down operations that they have closures there? Or are you going to take it as it comes?
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