The 2020 Mid-Year Economic Update_long

HD Supply Sales Improve 0.8% in 2010

Gains in the maintenance, repair & improvements sector were offset by declines in specialty construction and infrastructure & energy.

HD Supply, Inc., Atlanta, GA, reported sales for fiscal 2010 were $7.5 billion, an increase of 0.8 percent compared to fiscal 2009. The full-year loss for the diversified distributor was $619 million, compared to a year-ago loss of $514 million.

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The increase in annual sales was driven by increased volume in the maintenance, repair and improvement market sector. Those increases, however, were offset by a decrease in specialty construction and a slight decrease in infrastructure and energy.

Fourth quarter sales increased 6.7 percent to $1.7 billion. Loss for the fourth quarter was $203 million, compared to a loss of $168 million for the prior year same period.

HD Supply is a wholesale distribution company, providing a broad range of products and services to professional customers in the infrastructure & energy, maintenance, repair & improvement and specialty construction markets.

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