The 2020 Mid-Year Economic Update_long

HD Supply Sales Up 9.4% in 2Q

Profit increased to $48 million compared to a $72 million loss one year ago.

HD Supply Holdings Inc. (NASDAQ: HDS), Atlanta, GA, reported sales for the second quarter ended August 3 of $2.4 billion, a 9.4 percent increase over the same period a year ago. Profit increased to $48 million compared to a year-ago loss of $72 million.

For the first six months, sales were $4.6 billion, a 7.5 percent increase over the same period one year ago. Profit increased to $36 million compared to a year-ago loss of $203 million.

Second-quarter sales for HD Supply Facilities Maintenance were up 8 percent to $686 million. Sales for Waterworks were up 11 percent to $665 million, while Power Solutions sales increased 7 percent to $488 million for the quarter.

Second-quarter sales for HD Supply Construction & Industrial (White Cap) were up 16 percent to $389 million.

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