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Posted September 7, 2016

HD Supply sales increase by 4.1 percent

HD Supply reported net sales of $2.0 billion for the second quarter of fiscal 2016, an increase of 4.1 percent compared to the second quarter of fiscal 2015.


“We delivered solid growth, operating leverage and cash conversion in the quarter while simultaneously investing in long-term productivity and growth,” stated Joe DeAngelo, chairman and CEO of HD Supply. “We intend to continuously invest to ensure our customer experience is exceptional and to extend and evolve our leading market positions.”

Net income declined $11 million to $98 million for the quarter, compared to $109 million for the second quarter of fiscal 2015. Net Income per diluted share decreased 49 cents for the second quarter of fiscal 2016, as compared to 54 cents for the second quarter of fiscal 2015.

Segment results
Facilities Maintenance net sales increased 1.1 percent to $741 million for the second quarter of fiscal 2016, compared to $733 million for the second quarter of fiscal 2015. 

Waterworks met sales increased 4.4 percent to $733 million for the second quarter of fiscal 2016, as compared to $702 million for the second quarter of fiscal 2015. 

Construction & Industrial – White Cap net sales increased 7.5 percent to $489 million for the second quarter of fiscal 2016, as compared to $455 million for the second quarter of fiscal 2015. 

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