Stock News Story: HD Supply Holdings, Inc. (NASDAQ:HDS)

The company has 2.60% of outstanding shares and 6.723B shares were floated in the market. HD Supply Holdings, Inc. (NASDAQ:HDS) moved with change of -0.53% to $39.35 with the total traded volume of 2,248,662 shares in recent session versus to an average volume of 1,514,928. After opening the first trading session at $39.57, it registered a day’s high of $39.67 and touched a day’s low of $39.12.

HD Supply Holdings, Inc. (HDS) recently stated Net sales of $1.5B for the first quarter of fiscal 2019 ended May 5, 2019, an raise of $104M, or 7.5 percent, as contrast to the first quarter of fiscal 2018.  Organic sales growth for the first quarter of fiscal 2019 was 5.8 percent, as contrast to the first quarter of fiscal 2018.

“The team overcame important unfavorable weather in February to deliver on our promises during the first quarter of 2019,” stated Joe DeAngelo, Chairman and CEO of HD Supply. “In this current dynamic environment, we are intensely focused on what we can control, delivering profitable growth and executing on our capital allocation strategy.”

Construction & Industrial

Net sales raised $55M, or 8.3 percent, to $721M in the first quarter of fiscal 2019, as contrast to $666M for the first quarter of fiscal 2018.  Organic sales growth was about 4.7 percent in the first quarter of fiscal 2019 as contrast to the first quarter of fiscal 2018. Adjusted EBITDA raised $2M, or 3.0 percent, to $69M for the first quarter of fiscal 2019, as contrast to $67M for the first quarter of fiscal 2018.  Adjusted EBITDA was 9.6 percent of Net sales for the first quarter of fiscal 2019, down about 50 basis points from 10.1 percent for the first quarter of fiscal 2018.

First-Quarter Monthly Sales Performance

Net sales for February, March and April of fiscal 2019 were $423M, $460M and $610M, respectively.  There were 20 selling days in February, 20 selling days in March and 25 selling days in April in both fiscal 2019 and fiscal 2018.  Average year-over-year daily sales growth for February, March and April was 8.1 percent, 8.8 percent and 6.1 percent, respectively. On an organic basis, average year-over-year daily sales growth for February and March was 2.2 percent and 8.6 percent respectively. April did not include any non-organic sales.

Preliminary May Sales Results

Preliminary Net sales in May 2019 were about $464M, which represents year-over-year average daily sales growth of about 0.2 percent.  Preliminary May year-over-year average daily sales by business section was a 2.4 percent decline in Facilities Maintenance and a 2.8 percent raise in Construction & Industrial.  There were 19 selling days in May of fiscal 2019 and 20 selling days in May of fiscal 2018.

Facilities Maintenance’s May sales were unfavorably influenced by weak HVAC sales Because of unusually cool weather, a temporary disruption in order fulfillment in the Southeast Because of a vendor software issue in our Atlanta distribution center and a calendar shift Because of 2018’s 53-week year.

Return on assets ratio of the Company was 9.20% and return on equity ratio was 28.10% while its return on investment ratio was 15.20%. (NASDAQ:HDS) has price-to-cash ratio of 169.21 and price to sale ratio of 1.10. The corporation net profit margin is 6.70% and gross profit margin is 39.10%.

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