Home Depot Supply Hits $2.1B in 1Q 2006
The Home Depot Supply reported $2.1 billion in first quarter 2006 sales, compared with $657 million in the same period in 2005, thanks to a series of acquisitions. Home Depot, Atlanta, GA, reported overall first quarter revenues of $21.5 billion, a 13.1% increase from the first quarter 2005.
Home Depot reported net income of $1.4 billion in first quarter 2006, a 19% increase over the same period last year. Home Depot reported its supply division's operating profit was $149 million compared with $28 million in the first quarter 2005.
During the first quarter, Home Depot acquired Hughes Supply for $3.4 billion. The transaction more than doubled the size of Home Depot Supply, which has more than 900 locations nationwide and in Canada with ...