Stock Monitor: Fastenal Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 20, 2018 / Active-Investors.com has just released a free earnings report on HD Supply Holdings, Inc. (NASDAQ: HDS). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HDS. HD Supply reported its fourth quarter and fiscal 2017 operating and financial results on March 13, 2018. One of the largest industrial distributors in North America outperformed top- and bottom-line expectations and provided guidance for the upcoming quarter and fiscal year.Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, HD Supply Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the quarter ended January 28, 2018, HD Supply's net sales jumped 9.0% to $1.18 billion compared to $1.09 billion for Q4 2016. The Company's reported numbers beat analysts' estimates of $1.16 billion.
HD Supply's net sales totaled $5.1 billion for the full-year of fiscal 2017 ended January 28, 2018, reflecting an increase of 6.3% compared to sales of $4.8 billion for FY16.
During Q4 2017, HD Supply's gross profit rose 8.6% to $468 million compared to $431 million for Q4 2016. The Company's gross profit was 39.6% of net sales in the reported quarter, down approximately 10 basis points from 39.7% of net sales in the year-earlier comparable quarter.
For Q4 2017, HD Supply's operating income advanced 14.7% to $117 million compared to $102 million for Q4 2016. The Company's operating income as a percentage of net sales was 9.9% for the reported quarter, up approximately 50 basis points from 9.4% in the prior year's same quarter. HD Supply's adjusted EBITDA surged 24.6% to $152 million in Q4 2017 compared to $122 million for Q4 2016.
HD Supply's net loss was $9 million, or $0.05 per diluted share, for Q4 2017 compared to net income of $52 million, or $0.26 per diluted share, for Q4 2016. The Company's reported quarter results included a $72 million non-cash charge for the remeasuring of the Company's US deferred tax assets and liabilities resulting from the Tax Cuts and Jobs Act of 2017.
HD Supply's adjusted net income increased to $91 million, or $0.49 per diluted share, compared to $47 million, or $0.23 per diluted share, for Q4 2016. The Company's earnings beat Wall Street's estimates of $0.44 per share.
For FY17, HD Supply's net income totaled $970 million, or $5.01 per diluted share, compared to $196 million, or $0.97 per diluted share, for FY16. The increase in net income was attributed to a $732 million gain in FY17, on the sale of the Company's Waterworks business unit which was completed in August 2017, partially offset by a $72 million non-cash charge as a result of the Tax Cuts and Jobs Act of 2017.
For FY17, HD Supply's adjusted net income increased to $447 million, or $2.31 per diluted share, compared to $302 million, or $1.50 per diluted share, for FY16.
HD Supply Holdings' Business Unit Performance
During Q4 2017, the Facilities Maintenance segment's net sales rose 3.5% to $642 million compared to $620 million for Q4 2016. The segment's adjusted EBITDA advanced 15.9% to $102 million in the reported quarter compared to $88 million for the year-earlier corresponding quarter. The Facilities Maintenance segment's adjusted EBITDA as a percentage of net sales was 15.9% for Q4 2017, up approximately 170 basis points from 14.2% for Q4 2016.
For Q4 2017, the Construction & Industrial segment's net sales advanced 16.3%, to $542 million compared to $466 million for Q4 2016. The segment's adjusted EBITDA surged 47.1% to $50 million for the reported quarter versus $34 million in the year-earlier same quarter. Construction and Industrial's segment's adjusted EBITDA as a percentage of net sales was 9.2% in Q4 2017, up approximately 190 basis points from 7.3% in Q4 2016.
As of January 28, 2018, HD Supply's combined liquidity of $1.23 billion was comprised of $558 million in cash and cash equivalents and $674 million of additional available borrowings under the Company's senior asset-backed lending facility, based on qualifying inventory and receivables.
For first-quarter 2018, HD Supply is forecasting net sales to be in the range of $1.33 billion to $1.38 billion, adjusted EBITDA in the range of $174 million to $184 million, and adjusted net income in the range of $0.60 to $0.66 per diluted share.
For the full year of fiscal 2018, HD Supply is projecting net sales to be in the range of $5.76 billion and $5.91 billion, adjusted EBITDA in the band of $815 million and $855 million, and adjusted earnings in the range of $2.99 and $3.21 per diluted share.
Stock Performance Snapshot
April 19, 2018 - At Thursday's closing bell, HD Supply's stock marginally dropped 0.33%, ending the trading session at $39.25.
Volume traded for the day: 1.88 million shares.
Stock performance in the last month – up 1.55%; previous three-month period – up 2.48%; past six-month period – up 8.70%; and last twelve-month period – up 0.26%
After yesterday's close, HD Supply's market cap was at $7.37 billion.
Price to Earnings (P/E) ratio was at 31.76.
The stock is part of the Services sector, categorized under the Industrial Equipment Wholesale industry.
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