HD Supply Beat 1Q Guidance but Cut Full-Year Outlook Due to Soft May Sales and Tariff Uncertainty
HD Supply’s stock price swooned on June 11 following the company’s fiscal first-quarter earnings release. While the narrow-moat industrial distributor’s results beat management’s guidance and consensus expectations, the market was not pleased with the firm’s downward-revised full-year outlook.HD Supply started its fiscal 2019 on solid footing. Indeed, sales increased 7.5% year over year to $1.5 billion (6% organic growth) driven by 7% sales growth from the facilities maintenance segment and mo...
HD Supply Holdings is a holding company. Through its subsidiaries, the company is an industrial distributor in North America. The company's segments include: Facilities Maintenance and Construction and Industrial. The company's Facilities Maintrnance segment distributes maintenance, repair and operations products, provides services and fabricates custom products. Products include electrical and lighting items, and plumbing, heating, ventilating, and air conditioning products. The company's Construction and Industrial segment distributes hardware, tools and materials to non-residential and residential contractors. Products include tilt-up brace systems, forming and shoring systems, concrete chemicals, and cutting tools.
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