HD Supply Posts Solid 2Q Results and Finally Achieves Its Targeted Capital Structure
It has been a busy few months for HD Supply since the company reported fiscal first-quarter results in June. The narrow-moat industrial distributor completed the sale of its Waterworks business for a net $2.4 billion, paid down almost $2 billion of debt, repurchased $500 million worth of its shares, and authorized an additional $500 million buyback program. It also turned in a solid fiscal second quarter. The company reported second-quarter sales of $1.35 billion, up 5% year over year, and adjus...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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