HD Supply Raises Full-Year Guidance After Strong 1Q Results; Maintain $45 FVE
HD Supply reported strong fiscal first-quarter results on June 5 that beat management's guidance as well as consensus estimates. The narrow-moat industrial distributor's revenue increased 14% (10% organic) year over year to $1.4 billion, adjusted EBITDA grew 21% to $190 million, adjusted EBITDA margin expanded 80 basis points to 13.7%, and adjusted diluted earnings per share increased $0.31 versus the year-ago quarter to $0.70. Management raised its guidance for full-year revenue, adjusted EBITD...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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