HD Supply sales decline 4.4 percent
HD Supply Holdings reported net sales of $1.55 billion for the second quarter, a decrease of 4.4 percent compared to $1.62 billion in the second quarter of fiscal 2019.
Net income decreased $4 million, or 3.0 percent, to $131 million for the second quarter of fiscal 2020, as compared to $135 million for the second quarter of fiscal 2019.
Net income per diluted share of 81 cents compared to 79 cents for the second quarter of fiscal 2019.
Facilities Maintenance division net sales decreased 8.3 percent to $761 million for the quarter, compared to $830 million for the second quarter of fiscal 2019.
Construction & Industrial net sales decreased 0.3 percent to $793 million for the quarter, as compared to $795 million for the second quarter of fiscal 2019.
Preliminary net sales in August 2020 were approximately $518 million, which represents a year-over-year average daily decline of approximately 0.7 percent. Preliminary August year-over-year average daily net sales change by business segment was 1.1 percent growth in Facilities Maintenance and 2.5 percent decline in Construction & Industrial.
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.
