SunTrust Downgrades HD Supply Holdings (HDS) to Hold

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Go back to SunTrust Downgrades HD Supply Holdings (HDS) to Hold

HD Supply Holdings, Inc. Announces Fiscal 2016 Third-Quarter Results

December 6, 2016 6:00 AM EST

ATLANTA, Dec. 06, 2016 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest industrial distributors in North America, today reported Net sales of $2.0 billion for the third quarter of fiscal 2016 ended October 30, 2016, an increase of $66 million, or 3.4 percent, as compared to the third quarter of fiscal 2015. 

"We delivered growth and solid cash conversion in the third quarter and are focused on building momentum for the 2017 selling season," stated Joe DeAngelo, Chairman and CEO of HD Supply.

Gross profit increased $35 million, or 5.4 percent, to $683 million for the third... More