HDS
$39.74
HD Supply Hlds Cmm
($.37)
(.92%)
Earnings Details
3rd Quarter October 2019
Tuesday, December 10, 2019 6:00:00 AM
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Summary

HD Supply Hlds Cmm Reports In-line

HD Supply Hlds Cmm (HDS) reported 3rd Quarter October 2019 earnings of $1.01 per share on revenue of $1.6 billion. The consensus earnings estimate was $1.00 per share on revenue of $1.7 billion. The Earnings Whisper number was $1.01 per share. Revenue grew 2.0% on a year-over-year basis.

The company said it expects fourth quarter earnings of $0.52 to $0.58 per share on revenue of $1.355 billion to $1.405 billion. The current consensus earnings estimate is $0.58 per share on revenue of $1.39 billion for the quarter ending January 31, 2020.

HD Supply Holdings Inc is an industrial distributor in North America. It operates in three market sectors: Maintenance, Repair & Operations; Infrastructure & Power; and Specialty Construction.

Results
Reported Earnings
$1.01
Earnings Whisper
$1.01
Consensus Estimate
$1.00
Reported Revenue
$1.64 Bil
Revenue Estimate
$1.65 Bil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

HD Supply Holdings, Inc. Announces Fiscal 2019 Third-Quarter Results

ATLANTA, Dec. 10, 2019 (GLOBE NEWSWIRE) -- HD Supply Holdings, Inc. (NASDAQ: HDS), one of the largest industrial distributors in North America, today reported Net sales of $1.6 billion for the third quarter of fiscal 2019 ended November 3, 2019, an increase of $32 million, or 2.0 percent, as compared to the third quarter of fiscal 2018. 

“Our associates remain committed to delivering best–in-class service, despite a continued challenging environment and the ongoing activities of splitting the company into two market-leading, stand-alone businesses,” stated Joe DeAngelo, Chairman and CEO of HD Supply. “We remain focused on helping our customers succeed, and I am encouraged by our continued growth and strong cash flow generation.”

Gross profit increased $11 million, or 1.7 percent, to $640 million for the third quarter of fiscal 2019, as compared to $629 million for the third quarter of fiscal 2018. Gross profit was 38.9 percent of Net sales for the third quarter of fiscal 2019, down 10 basis points from 39.0 percent for the third quarter of fiscal 2018.

Operating income decreased $8 million, or 3.8 percent, to $205 million for the third quarter of fiscal 2019, as compared to $213 million for the third quarter of fiscal 2018. Operating income was 12.5 percent of Net sales for the third quarter of fiscal 2019, down 70 basis points from 13.2 percent for the third quarter of fiscal 2018.

Net income increased $50 million, or 61.0 percent, to $132 million for the third quarter of fiscal 2019, as compared to $82 million for the third quarter of fiscal 2018. Net income per diluted share increased $0.35, or 77.8 percent, to $0.80 in the third quarter of fiscal 2019, as compared to $0.45 in the third quarter of fiscal 2018.

Adjusted EBITDA decreased $1 million, or 0.4 percent, to $247 million for the third quarter of fiscal 2019, as compared to $248 million for the third quarter of fiscal 2018. Adjusted EBITDA was 15.0 percent of Net sales for the third quarter of fiscal 2019, down 40 basis points from 15.4 percent for the third quarter of fiscal 2018.

Adjusted net income decreased $18 million, or 9.8 percent, to $166 million for the third quarter of fiscal 2019, as compared to $184 million for the third quarter of fiscal 2018.  Adjusted net income per diluted share increased $0.01, or 1.0 percent, to $1.01 in the third quarter of fiscal 2019, as compared to $1.00 in the third quarter of fiscal 2018.

As of November 3, 2019, HD Supply’s combined liquidity of $651 million was comprised of $37 million in cash and cash equivalents and $614 million of additional available borrowings (excluding $5 million of borrowings on available cash balances) under HD Supply, Inc.'s senior asset-based lending facility, based on qualifying inventory and receivables.

Business Unit Performance

Facilities Maintenance

Net sales increased $16 million, or 2.0 percent, to $826 million in the third quarter of fiscal 2019, as compared to $810 million for the third quarter of fiscal 2018.  Adjusted EBITDA was flat in the third quarter of fiscal 2019 as compared to the third quarter of fiscal 2018.  Adjusted EBITDA was 18.0 percent of Net sales for the third quarter of fiscal 2019, down 40 basis points from 18.4 percent for the third quarter of fiscal 2018.

Construction & Industrial

Net sales increased $15 million, or 1.9 percent, to $818 million in the third quarter of fiscal 2019, as compared to $803 million for the third quarter of fiscal 2018. Adjusted EBITDA decreased $1 million, or 1.0 percent, to $98 million for the third quarter of fiscal 2019, as compared to $99 million for the third quarter of fiscal 2018.  Adjusted EBITDA was 12.0 percent of Net sales for the third quarter of fiscal 2019, down 30 basis points from 12.3 percent for the third quarter of fiscal 2018.

Third-Quarter Monthly Sales Performance

Net sales for August, September and October of fiscal 2019 were $521 million, $494 million and $629 million, respectively.  There were 20 selling days in August, 19 selling days in September and 25 selling days in October in both fiscal 2019 and fiscal 2018.  Average year-over-year daily sales growth for August, September and October was 1.6 percent, 2.6 percent and 1.7 percent, respectively.

Preliminary November Sales Results

Preliminary Net sales in November 2019 were approximately $436 million, which represents year-over-year average daily sales growth of approximately 2.5 percent.  Preliminary November year-over-year average daily sales by business segment was a 2.5 percent increase in Facilities Maintenance and a 2.4 percent increase in Construction & Industrial.  There were 18 selling days in both November 2019 and November 2018.

Fourth-Quarter 2019 and Fiscal Year 2019 Outlook

For the fourth quarter of fiscal 2019 and full-year fiscal 2019, the Company anticipates the following (amounts in millions, except per share data):

 Fourth-Quarter 2019  Full-Year Fiscal 2019
 Low End High End  Low End High End 
Net sales$1,355 $1,405  $6,116 $6,166 
Net income 65  76   439  450 
Adjusted EBITDA 161  176   855  870 
Net income per share – diluted (1)$0.40 $0.47  $2.63 $2.69 
Adjusted net income per share – diluted (1)$0.52 $0.58  $3.45 $3.51 

     (1)  Assumes a fully diluted weighted average share count of 163 million for the fourth-quarter of fiscal 2019 and 167 million for the full-year fiscal 2019.

The company will update its expectations for the market in 2020 during the fourth-quarter 2019 earnings conference call and in the earnings call presentation materials. 

Fiscal 2019 Third-Quarter Conference Call

As previously announced, HD Supply will hold a conference call on Tuesday, December 10th, 2019 at 8:00 a.m. (Eastern Time) to discuss its third-quarter fiscal 2019 results.  The conference call and presentation materials can be accessed via webcast by logging on from the Investor Relations section of the company's Web site at hdsupply.com. The online replay will remain available for a limited time following the call.

Non-GAAP Financial Measures

HD Supply supplements financial results that are determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”) with non-GAAP measurements, including Adjusted EBITDA, Adjusted net income and Adjusted net income per diluted share. This supplemental information should not be considered in isolation or as a substitute for the GAAP measurements.  Additional information regarding Adjusted EBITDA, Adjusted net income and Adjusted net income per diluted share referred to in this press release is included below under “Reconciliation of Non-GAAP Measures.”

About HD Supply

HD Supply (www.hdsupply.com) is one of the largest industrial distributors in North America. The company provides a broad range of products and value-add services to approximately 500,000 customers with leadership positions in the maintenance, repair and operations and specialty construction sectors. Through approximately 270 branches and 44 distribution centers in the U.S. and Canada, the company's approximately 11,500 associates provide localized, customer-tailored products, services and expertise.

Forward-Looking Statements and Preliminary Results

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on management's beliefs and assumptions and information currently available to management and are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future results, and that actual results may differ materially from those made in or suggested by the forward-looking information contained in this press release. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek," "comfortable with," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. A number of important factors could cause actual events to differ materially from those contained in or implied by the forward-looking statements, including those "Risk factors" in our annual report on Form 10-K, for the fiscal year ended February 3, 2019, filed on March 19, 2019 and those described from time to time in our, and HD Supply, Inc.'s, other filings with the U.S. Securities and Exchange Commission (the “SEC”), which can be found at the SEC's website www.sec.gov. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

Fourth-quarter 2019 and full-year fiscal 2019 estimates for Net sales, Net income, Net income per diluted share, Adjusted EBITDA and Adjusted net income per diluted share are preliminary estimates and are subject to risks and uncertainties, including, among others, changes in connection with quarter-end and year-end adjustments. Any variation between HD Supply’s actual results and the preliminary financial data set forth above may be material.


HD SUPPLY HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
Amounts in millions, except share and per share data, Unaudited

 Three Months Ended Nine Months Ended
 November 3,
2019
 October 28,
2018
 November 3,
2019
 October 28,
2018
Net Sales$ 1,644 $1,612  $ 4,761  $4,601 
Cost of sales 1,004  983   2,903   2,798 
Gross Profit 640  629   1,858   1,803 
Operating expenses:       
Selling, general and administrative 405  391   1,193   1,147 
Depreciation and amortization 26  25   77   72 
Restructuring and separation 4     2   9 
Total operating expenses 435  416   1,272   1,228 
Operating Income 205  213   586   575 
Interest expense 27  32   83   101 
Interest (income)         (1)
Loss on extinguishment & modification of debt   69      69 
Income from Continuing Operations Before Provision for Income Taxes 178  112   503   406 
Provision for income taxes 47  30   130   105 
Income from Continuing Operations $ 131 $82  $ 373  $301 
Income from discontinued operations, net of tax 1     1   1 
Net Income$ 132 $82  $ 374  $302 
Other comprehensive income (loss):       
Foreign currency translation adjustment         2 
Unrealized loss on cash flow hedge, net of tax of $—,  $1 , $7, and $1   (4)  (21)  (4)
Total Comprehensive Income$ 132 $78  $ 353  $300 
        
Weighted Average Common Shares Outstanding (thousands)      
Basic 164,638  182,730   168,062   183,349 
Diluted 165,142  183,579   168,645   184,192 
        
Basic Earnings Per Share(1):        
Income from Continuing Operations$ 0.80 $0.45  $ 2.22  $1.64 
Income from Discontinued Operations$ 0.01 $  —  $ 0.01  $0.01 
Net Income$ 0.80 $0.45  $ 2.23  $1.65 
Diluted Earnings Per Share(1):        
Income from Continuing Operations$ 0.79 $0.45  $ 2.21  $1.63 
Income from Discontinued Operations$ 0.01 $  —  $ 0.01  $0.01 
Net Income$ 0.80 $0.45  $ 2.22  $1.64 

 (1)  May not foot due to rounding.      


HD SUPPLY HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
Amounts in millions, except per share data, Unaudited

 November 3,
2019
 February 3,
2019
ASSETS   
Current assets:   
Cash and cash equivalents$ 37  $38 
Receivables, less allowance for doubtful accounts of $19 and $18 863   732 
Inventories 802   766 
Other current assets 96   50 
Total current assets 1,798   1,586 
Property and equipment, net 397   370 
Operating lease right-of-use assets 425    
Goodwill 1,991   1,990 
Intangible assets, net 181   191 
Deferred tax assets 2   78 
Other assets 13   18 
Total assets$ 4,807  $4,233 
LIABILITIES AND STOCKHOLDERS’ EQUITY   
Current liabilities:   
Accounts payable$ 474  $367 
Accrued compensation and benefits 87   109 
Current installments of long-term debt 11   11 
Current lease liabilities 115    
Other current liabilities 220   259 
Total current liabilities 907   746 
Long-term debt, excluding current installments 2,138   2,129 
Deferred tax liabilities 15    
Long-term lease liabilities 323    
Other liabilities 96   77 
Total liabilities 3,479   2,952 
Stockholders’ equity:   
Common stock, par value $0.01; 1 billion shares authorized; 162.8 million and 170.7 million shares issued and outstanding at November 3, 2019 and February 3, 2019, respectively 2   2 
Paid-in capital 4,092   4,067 
Accumulated deficit (1,201)  (1,572)
Accumulated other comprehensive loss (51)  (30)
Treasury stock, at cost, 42.6 and 34.2 million shares at November 3, 2019 and February 3, 2019, respectively (1,514)  (1,186)
Total stockholders’ equity 1,328   1,281 
Total liabilities and stockholders’ equity$ 4,807  $4,233 


HD SUPPLY HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Amounts in millions, Unaudited

 Nine Months Ended
 November 3,
2019
 October 28,
2018
CASH FLOWS FROM OPERATING ACTIVITIES:   
Net income$ 374  $302 
Reconciliation of net income to net cash provided by (used in) operating activities:   
Depreciation and amortization 83    78 
Provision for uncollectibles 7    9 
Non-cash interest expense 5    15 
Payment of discounts upon extinguishment of debt    (4)
Loss on extinguishment of debt    69 
Stock-based compensation expense 18    19 
Deferred income taxes 102   97 
Other 2   (1)
Changes in assets and liabilities, net of the effects of acquisitions & dispositions:   
(Increase) decrease in receivables (134)  (204)
(Increase) decrease in inventories (34)  (94)
(Increase) decrease in other current assets (2)  (3)
Increase (decrease) in accounts payable and accrued liabilities 76   95 
Increase (decrease) in other long-term liabilities    1 
Net cash provided by (used in) operating activities 497   379 
CASH FLOWS FROM INVESTING ACTIVITIES:   
Capital expenditures (89)  (79)
Payments for businesses acquired, net of cash acquired (9)  (362)
Proceeds from sales of property and equipment 2    
Net cash provided by (used in) investing activities (96)  (441)
CASH FLOWS FROM FINANCING ACTIVITIES:   
Purchase of treasury shares (320)  (166)
Borrowings of long-term debt    930 
Repayments of long-term debt (8)  (1,240)
Repayments of financing liabilities (88)   
Borrowings on long-term revolver debt 978   100 
Repayments on long-term revolver debt (964)  (49)
Proceeds from issuance of common stock under employee benefit plans 7   7 
Tax withholdings on stock-based awards (6)  (6)
Debt issuance costs    (18)
Other financing activities (1)  (2)
Net cash provided by (used in) financing activities (402)  (444)
Effect of exchange rates on cash and cash equivalents     
Increase (decrease) in cash and cash equivalents$ (1) $(506)
Cash and cash equivalents at beginning of period 38   558 
Cash and cash equivalents at end of period$ 37  $52 


HD SUPPLY HOLDINGS, INC.
SEGMENT REPORTING
Amounts in millions, Unaudited

 Facilities
Maintenance
 Construction
& Industrial
 Eliminations Total
Continuing
Operations
Three Months Ended November 3, 2019       
Net sales$ 826 $ 818 $  $ 1,644
Adjusted EBITDA 149  98     247
Depreciation(1) & Software Amortization 11  13     24
Other Intangible Amortization 2  3     5
        
Three Months Ended October 28, 2018       
Net sales$810 $803 $(1) $1,612
Adjusted EBITDA 149  99     248
Depreciation(1) & Software Amortization 10  12     22
Other Intangible Amortization 2  3     5
        
Nine Months Ended November 3, 2019       
Net sales$ 2,428 $ 2,334 $ (1) $ 4,761
Adjusted EBITDA 432  262     694
Depreciation(1) & Software Amortization 32  34     66
Other Intangible Amortization 6  11     17
        
Nine Months Ended October 28, 2018       
Net sales$2,353 $2,250 $(2) $4,601
Adjusted EBITDA 422  262     684
Depreciation(1) & Software Amortization 28  34     62
Other Intangible Amortization 6  10     16

(1)  Depreciation includes amounts recorded within Cost of sales in the Consolidated Statements of Operations.

Reconciliation of Non-GAAP Measures

Adjusted EBITDA and Adjusted net income are not recognized terms under GAAP and do not purport to be alternatives to Net income as a measure of operating performance. We present Adjusted EBITDA and Adjusted net income because each is a primary measure used by management to evaluate operating performance. In addition, we present Adjusted net income to measure our overall profitability as we believe it is an important measure of our performance. We believe the presentation of Adjusted EBITDA and Adjusted net income enhances investors' overall understanding of the financial performance of our business.

Adjusted EBITDA is based on "Consolidated EBITDA," a measure which is defined in our senior credit facilities and used in calculating financial ratios in several material debt covenants. Adjusted EBITDA is defined as Net income less Income from discontinued operations, net of tax, plus (i) Interest expense and Interest income, net, (ii) Provision for income taxes, (iii) depreciation and amortization and further adjusted to exclude loss on extinguishment of debt, non-cash items and certain other adjustments to Consolidated Net Income permitted in calculating Consolidated EBITDA under our senior credit facilities.

Adjusted net income is defined as Net income less Income from discontinued operations, net of tax, further adjusted for loss on extinguishment of debt, certain non-cash, non-recurring or unusual items, net of tax.

We compensate for the limitations of using non-GAAP financial measures by using them to supplement GAAP results to provide a more complete understanding of the factors and trends affecting the business than GAAP results alone. Because not all companies use identical calculations, our presentation of Adjusted EBITDA and Adjusted net income may not be comparable to other similarly titled measures of other companies.

Adjusted EBITDA and Adjusted net income have limitations as analytical tools and should not be considered in isolation or as substitutes for analyzing our results as reported under GAAP. Some of these limitations are:

  • Adjusted EBITDA and Adjusted net income do not reflect changes in, or cash requirements for, our working capital needs;
  • Adjusted EBITDA does not reflect our interest expense, or the requirements necessary to service interest or principal payments on our debt;
  • Adjusted EBITDA does not reflect our income tax expenses or the cash requirements to pay our taxes; and
  • Adjusted EBITDA and Adjusted net income do not reflect historical cash expenditures or future requirements for capital expenditures or contractual commitments; and although depreciation and amortization charges are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and Adjusted EBITDA does not reflect any cash requirements for such replacements.

Adjusted EBITDA

The following table presents a reconciliation of Net income, the most directly comparable financial measure under GAAP, to Adjusted EBITDA for the periods presented (amounts in millions):

 Three Months Ended Nine Months Ended
 November 3
2019
 October 28,
2018
 November 3
2019
 October 28,
2018
Net income$ 132  $82  $ 374 $302 
Less income from discontinued operations, net of tax 1      1  1 
Income  from continuing operations 131   82   373  301 
Interest expense, net 27   32   83  100 
Provision for income taxes 47   30   130  105 
Depreciation and amortization(1) 29   27   83  78 
Loss on extinguishment & modification of debt(2)    69     69 
Restructuring and separation charges(3) 4      2  9 
Stock-based compensation 6   7   18  19 
Acquisition and integration costs(4) 4   2   5  5 
Other (1)  (1)    (2)
Adjusted EBITDA$ 247  $248  $ 694 $684 

(1) Depreciation and amortization includes amounts recorded within Cost of sales in the Consolidated Statements of Operations. 

(2) Represents the loss on extinguishment of debt including the premium paid to repurchase or call the debt as well as the write-off of unamortized deferred financing costs, original issue discount, and other assets or liabilities associated with such debt. Also includes the costs of debt modifications. 

(3) Represents the costs related to separation activities announced on September 24, 2019 and personnel changes, primarily severance and other employee-related costs. During the nine months ended November 3, 2019, the costs include the impacts of a favorable termination of the lease for the Company’s former corporate headquarters. For additional information, see “Note 11, Restructuring and separation activities,” in the Notes to Consolidated Financial Statements within Item 1 of our quarterly report on Form 10-Q for the quarterly period ended November, 3, 2019, filed on December 10, 2019. 

(4) Represents the costs incurred in the acquisition and integration of business acquisitions, including A.H. Harris Construction Supplies.


Adjusted Net Income

The following table presents a reconciliation of Net income, the most directly comparable financial measure under U.S. GAAP, to Adjusted net income for the periods presented (amounts in millions, except share and per share data):

 Three Months Ended Nine Months Ended
 November 3
2019
 October 28,
2018
 November 3
2019
 October 28,
2018
Net income$ 132  $82  $ 374  $302 
Less income from discontinued operations, net of tax 1      1   1 
Income from continuing operations 131   82   373   301 
Plus: Provision for income taxes 47   30   130   105 
Less: Cash income taxes (25)  (4)  (35)  (9)
Plus: Amortization of acquisition-related intangible assets (other than software) 5   5   17   16 
Plus: Loss on extinguishment & modification of debt(1)    69      69 
Plus: Restructuring and separation charges(2) 4      2   9 
Plus: Acquisition and integration costs(3) 4   2   5   5 
Adjusted Net Income$ 166  $184  $ 492  $496 
        
Diluted weighted average common shares outstanding (thousands) 165,142   183,579   168,645   184,192 
Adjusted net income per share – diluted$ 1.01  $1.00  $ 2.92  $2.69 

(1) Represents the loss on extinguishment of debt including the premium paid to repurchase or call the debt as well as the write-off of unamortized deferred financing costs, original issue discount, and other assets or liabilities associated with such debt. Also includes the costs of debt modifications. 

(2) Represents the costs related to separation activities announced on September 24, 2019 and personnel changes, primarily severance and other employee-related costs. During the nine months ended November 3, 2019, the costs include the impacts of a favorable termination of the lease for the Company’s former corporate headquarters. For additional information, see “Note 11, Restructuring and separation activities,” in the Notes to Consolidated Financial Statements within Item 1 of our quarterly report on Form 10-Q for the quarterly period ended November, 3, 2019, filed on December 10, 2019. 

(3) Represents the costs incurred in the acquisition and integration of business acquisitions, including A.H. Harris Construction Supplies.


Fourth-Quarter 2019 and Full-Year Fiscal 2019 Outlook

The following table presents a reconciliation of the forecasted range of Net income to Adjusted EBITDA for the fourth-quarter 2019 and full-year fiscal 2019 outlook (amounts in millions):

 Fourth-Quarter 2019 Full-Year Fiscal 2019
 Low End High End Low End High End
Net income$  65 $  76 $  439 $  450
Less: Income from discontinued operations, net of tax -  -  1  1
Income from continuing operations 65  76  438  449
Interest expense, net 27  27  110  110
Provision for income taxes 23  27  153  157
Depreciation and amortization 30  30  113  113
Stock-based compensation 7  7  25  25
Other1 9  9  16  16
Adjusted EBITDA$161 $176 $855 $870

(1)  Other includes restructuring, costs related to separation activities announced on September 24, 2019, and acquisition and integration costs.


The following table presents a reconciliation of the forecasted range of Net income to Adjusted net income and Net income per diluted share to Adjusted net income per diluted share for the fourth-quarter 2019 and full-year fiscal 2019 outlook (amounts in millions, except per share data):

 Fourth-Quarter 2019 Full-Year Fiscal 2019
 Low End High End Low End High End
Net income$65  $76  $439  $450 
Less: Income from discontinued operations, net of tax -   -   1   1 
Income from continuing operations 65   76   438   449 
Plus: Provision for income taxes 23   27   153   157 
Less: Cash income taxes (19)  (23)  (54)  (58)
Plus: Amortization of acquisition-related intangible assets (other than software) 6   6   23   23 
Other1 9   9   16   16 
Adjusted net income$84  $95  $576  $587 
        
Diluted weighted average common shares outstanding 163   163   167   167 
Net income per share – diluted$0.40  $0.47  $2.63  $2.69 
Adjusted net income per share – diluted$0.52  $0.58  $3.45  $3.51 

(1)  Other includes restructuring, costs related to separation activities announced on September 24, 2019, and acquisition and integration costs.


Investor Contact:
Charlotte McLaughlin
HD Supply Investor Relations
770-852-9100
InvestorRelations@hdsupply.com

Media Contact:
Quiana Pinckney, APR
HD Supply Public Relations
770-852-9057
Quiana.Pinckney@hdsupply.com

 

HDS_wrd_3C_pos.jpg

Source: HD Supply Holdings, Inc.