Please wait while we load the requested 10-K report or click the link below:
HD Supply Investor Relations
HD Supply Public Relations
HD Supply Holdings, Inc. Announces Fiscal 2014 Full-Year and Fourth-Quarter Results
Nineteenth Consecutive Quarter of Year-Over-Year Average Daily Sales Growth
· Net Sales increased 7 percent to $2,005 million
· Operating Income improved 78 percent to $130 million
· Adjusted EBITDA increased 17 percent to $172 million
· Adjusted Net Income per diluted share increased $0.13 to $0.11 (Net Loss per diluted share of $0.48)
Fiscal 2014 Results
· Net Sales increased 8 percent to $8,882 million
· Operating Income improved 31 percent to $618 million
· Adjusted EBITDA increased 16 percent to $854 million
· Adjusted Net Income per diluted share increased $0.81 to $1.26 (Net Income per diluted share of $0.02)
ATLANTA, GA March 24, 2015 HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest industrial distributors in North America, today reported Net sales of $9.0 billion for the full-year fiscal 2014 ended February 1, 2015, an increase of $654 million, or 8 percent, as compared to fiscal 2013. The company believes its sales performance represents growth of approximately 400 basis points in excess of its market growth estimate.
I am very pleased with our solid 2014 performance. We delivered 8 percent sales growth and 16 percent Adjusted EBITDA growth, stated Joe DeAngelo, CEO of HD Supply. Despite a challenging and uncertain market environment, we remain focused on controllable execution to deliver profitable growth in excess of our markets.
On January 12, 2015, the company completed the sale of substantially all of the assets of its Hardware Solutions business to The Home Depot and received cash proceeds of approximately $198 million, net of transaction costs. As a result of the sale, the company recorded an $8 million pre-tax gain in fiscal 2014. In accordance with Accounting Standard Codification 205-20, Discontinued Operations, the results of Hardware Solutions are classified as discontinued operations for all periods presented.
Gross profit increased $200 million, or 8 percent, to $2,558 million for the full-year fiscal 2014 compared to $2,358 million for the full-year fiscal 2013. Gross profit was 28.8 percent of Net sales for the full-year fiscal 2014, up approximately 10 basis points from 28.7 percent of Net sales for the full-year fiscal 2013 The
The following information was filed by Hd Supply Holdings, Inc. (HDS) on Tuesday, March 24, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate Hd Supply Holdings, Inc.'s financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Hd Supply Holdings, Inc..