HD Supply Holdings (HDS) Tops Q1 EPS by 6c, Beats on Revenues; Boosts FY Guidance

HD Supply Holdings (NASDAQ: HDS) reported Q1 EPS of $0.70, $0.06 better than the analyst estimate of $0.64. Revenue for the quarter came in at $1.39 billion versus the consensus estimate of $1.36 billion.

Second-Quarter and Full-Year 2018 Outlook

For the second quarter of fiscal 2018, Net sales are anticipated to be in the range of $1,535 million and $1,595 million, Adjusted EBITDA1 in the range of $235 million and $245 million and Adjusted net income per diluted share1 in the range of $0.92 and $0.97. Adjusted net income per diluted share range assumes a fully diluted weighted average share count of approximately 185 million. At the mid-point of the ranges, our second-quarter 2018 Net sales and Adjusted EBITDA translate into approximately 16 percent growth and 15 percent growth, respectively, versus prior year. On an organic bases at the mid-point of the range, our second-quarter 2018 Net sales represents approximately 8 percent growth.

For the full year fiscal 2018, Net sales are anticipated to be in the range of $5,820 million and $5,940 million, Adjusted EBITDA1 in the range of $832 million and $862 million and Adjusted net income per diluted share1 in the range of $3.11 and $3.27. Adjusted net income per diluted share range assumes a fully diluted weighted average share count of approximately 185 million.

GUIDANCE:

HD Supply Holdings sees FY2018 EPS of $3.11-$3.27, versus the consensus of $3.18. HD Supply Holdings sees FY2018 revenue of $5.82-5.94 billion, versus the consensus of $5.86 billion.

For earnings history and earnings-related data on HD Supply Holdings (HDS) click here.

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