HD Supply Modestly Reduces Its Outlook on Weakening Nonresidential Construction Demand
We are increasing narrow-moat HD Supply’s fair value estimate to $33 from $32 largely to reflect the time value of money since our last company update. Recently, non-residential construction has slowed, and the company continues to suffer product stock-outs in the facilities maintenance unit. In response, HD Supply tightened its fiscal 2016 sales outlook to $7.41 billion -$7.47 billion from $7.40 billion-$7.50 billion. Poor cost performance caused the adjusted EBITDA guidance to fall to $912 mil...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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