HD Supply sales up 2 percent in third quarter
HD Supply Holdings reported net sales of $1.6 billion for the third quarter of fiscal 2019, an increase of 2.0 percent compared to the third quarter of fiscal 2018.
“Our associates remain committed to delivering best–in-class service, despite a continued challenging environment and the ongoing activities of splitting the company into two market-leading, stand-alone businesses,” said Joe DeAngelo, chairman and CEO of HD Supply. “We remain focused on helping our customers succeed, and I am encouraged by our continued growth and strong cash flow generation.”
Net income increased $50 million, or 61.0 percent, to $132 million for the third quarter of fiscal 2019, as compared to $82 million for the third quarter of fiscal 2018. Net income per diluted share increased to 80 cents in the quarter, compared to 45 cents in the third quarter of fiscal 2018.
Facilities Maintenance net sales increased 2.0 percent to $826 million in the quarter, compared to $810 million for the third quarter of fiscal 2018.
Construction & Industrial net sales increased 1.9 percent to $818 million in the third quarter of fiscal 2019, compared to $803 million for the third quarter of fiscal 2018.
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.
