HD Supply’s Sales Up 18%

Distributor reports 34 percent growth in Construction & Industrial business in fiscal second quarter.

HD Supply Holdings Inc. (NASDAQ: HDS), Atlanta, GA, reported sales of $1.6 billion for the second quarter of fiscal 2018 ended July 29,  up 18.3 percent compared to the second quarter of fiscal 2017.

The company’s second-quarter net income decreased 70.4 percent to $131 million compared to the year-ago period. Net income in the second quarter of FY ‘17  included $361 million of income from discontinued operations, net of tax, the company said.

Current second-quarter sales in the distributor’s Facilities Maintenance business unit rose 6.6 percent to $280 million, and sales in its Construction & Industrial business unit rose 33.7 percent to $781 million.


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