The 2020 Mid-Year Economic Update_long

HD Supply Sales Up 6% in 1Q

White cap division sales up 13 percent year-over-year.

HD Supply Holdings Inc. (NASDAQ: HDS), Atlanta, GA, reported sales for the fiscal first quarter ended May 3 of $2.2 billion, an increase of 6 percent year-over-year. Profit was $242 million for the quarter, compared to a loss of $12 million in the first quarter the previous year.

"Despite adverse weather and a challenging environment, we remained focused on controllable execution to deliver profitable growth in excess of our market growth estimates while keeping our teams safe," said CEO Joe DeAngelo.

First-quarter sales for Facilities Maintenance were up 5 percent year-over-year to $635 million. Waterworks sales were up 3 percent to $570 million and Power Solutions sales increased 8 percent to $499 million. White Cap sales increased 13 percent to $388 million.

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