Exhibit 99.1

 

 

Investor Contact:

Charlotte McLaughlin

HD Supply Investor Relations

770-852-9100

InvestorRelations@hdsupply.com

 

Media Contact:

Quiana Pinckney

HD Supply Public Relations

770-852-9057

Quiana.Pinckney@hdsupply.com

 

HD Supply Holdings, Inc. Announces Fiscal 2015 Full-Year and Fourth-Quarter Results

Execution Delivers 6% Sales Growth and 13% Adjusted EBITDA Growth for the Full-Year Versus Prior Year

 

Fiscal 2015 Results

 

·       Net Sales increased 6 percent to $7,388 million

·       Operating Income improved 30 percent to $736 million

·       Adjusted EBITDA increased 13 percent to $878 million

·       Adjusted Net Income per diluted share increased $0.84 to $1.74 (Net Income per diluted share of $7.31)

 

Fourth-Quarter Results

 

·       Net Sales increased 7 percent to $1,648 million

·       Operating Income improved 8 percent to $130 million

·       Adjusted EBITDA increased 8 percent to $167 million

·       Adjusted Net Income per diluted share increased $0.24 to $0.27 (Net Income per diluted share of $4.33)

 

ATLANTA, GA — March 15, 2016

— HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest industrial distributors in North America, today reported Net sales of $7 billion for the full-year fiscal 2015 ended January 31, 2016, an increase of $418 million, or 6.0 percent, as compared to fiscal 2014.  The company believes its sales performance represents growth of approximately 300 - 400 basis points in excess of its market growth estimate.

 

“I am extremely pleased with the team’s performance in fiscal 2015. We delivered 6 percent net sales growth, 13 percent Adjusted EBITDA growth and Adjusted Net Income per Diluted Share of $1.74, despite a challenging and uncontrollable environment,” stated Joe DeAngelo, Chairman and CEO of HD Supply. “We focused on what we could control and delivered strong profitable growth in excess of market, operating leverage and cash flow.”

 

Gross profit increased $192 million, or 8.5 percent, to $2,456 million for the full-year fiscal 2015 as compared to $2,264 million for the full-year fiscal 2014.  Gross profit was 33.2 percent of Net sales for the full-year fiscal 2015, up approximately 70 basis points from 32.5 percent of Net sales for the full-year fiscal 2014.  Despite a challenging environment, the company saw improvement in Gross profit as a percentage of Net sales, driven by category management initiatives and favorable product and services mix.

 

1


The following information was filed by Hd Supply Holdings, Inc. (HDS) on Tuesday, March 15, 2016 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.

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