Sales Up 9.8% for HD Supply in 2Q - Modern Distribution Management

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Sales Up 9.8% for HD Supply in 2Q

The distributor reported a loss of $56 million for the period.

HD Supply, Inc., Atlanta, GA, No. 3 on MDM’s list of top industrial distributors, reported sales for the second quarter ended July 29, 2012, of $2.1 billion, a 9.8 percent increase over the same period a year ago. Sales improved in all four of the company’s core businesses: Facilities Maintenance, Waterworks, Power Solutions (formerly Utilities/Electrical) and White Cap.

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The distributor reported a loss for the second quarter of $56 million, compared to a year-ago loss of $101 million.

For the first six months, sales were $3.9 billion, 11.8 percent above the prior year period. HD Supply reported a loss of $416 million, compared to a loss of $265 million for the first six months of fiscal 2011.

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