HD Supply Holdings Inc. (NASDAQ: HDS), Atlanta, Georgia, reported sales of $827.5 million for the third quarter of fiscal 2020 ended Nov. 1, a 0.3% increase compared to the third quarter of fiscal 2019. Net income increased dramatically to $1.6 billion in the period based on the company’s recent sale.
During the quarter ended Nov. 1, HD Supply completed the sale of its construction and industrial business to the private equity firm Clayton, Dubilier & Rice for $2.8 billion. That left only the facilities maintenance division.
What’s more, HD Supply announced on Nov. 15 that it will be acquired by The Home Depot for $56 per share, or about $8.7 billion. Click here to read more about that deal.