HD Supply 2Q sales up 6.7 percent
HD Supply Holdings reported that its second quarter sales increased 6.7 percent to $2.0 billion.
“I am very pleased with the team’s performance in our second quarter. We delivered 7 percent sales growth, 15 percent Adjusted EBITDA growth and approximately 60% Adjusted EPS growth despite a challenging environment,” stated Joe DeAngelo, CEO of HD Supply. “We also took transformative actions this quarter including the announcement to sell our Power Solutions unit. We continue to focus on controllable execution that enables customer success, extends our differentiation and accelerates value creation.”
Net income for the quarter increased $61 million, or 127.1 percent, to $109 million compared to $48 million for the second quarter of fiscal 2014. Net income per diluted share increased to 54 cents for the second quarter of fiscal 2015 compared to 24 cents in the second quarter of fiscal 2014.
Facilities Maintenance
Net sales increased $47 million, or 6.9 percent, to $733 million in the second quarter compared to $686 million in the second quarter of fiscal 2014. Adjusted EBITDA increased $17 million, or 12.2 percent, to $156 million during the second quarter of fiscal 2015 as compared to $139 million in the second quarter of fiscal 2014.
Waterworks
Net sales increased $37 million, or 5.6 percent, to $702 million in the second quarter compared to $665 million in the second quarter of fiscal 2014. Adjusted EBITDA increased $9 million, or 15.8 percent, to $66 million during the second quarter of fiscal 2015 as compared to $57 million in the second quarter of fiscal 2014.
Construction & Industrial - White Cap
Net sales increased $42 million, or 10.8 percent, to $431 million in the second quarter compared to $389 million in the second quarter of fiscal 2014. Adjusted EBITDA increased $10 million, or 30.3 percent, to $43 million during the second quarter of fiscal 2015 as compared to $33 million in the second quarter of fiscal 2014.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
