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HD Supply Holdings, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed Dec 4, 2020. Its latest SEC filing is a SC 13G from Feb 12, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Distributes maintenance, repair and operations supplies and related services to owners of multifamily, hospitality, healthcare and institutional facilities.

How Did They Make Money?

Makes money selling construction, maintenance, repair and renovation products and related services. Products count as sales when they reach customers, services as performed, and payment terms generally call for payment within 45 days.

FY2020 revenue

Who Were Their Customers?

Facility operators and contractors buy through sales staff, branches, catalogs and websites; smaller remodeling contractors and trade professionals also buy through local retail outlets.

Did Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in FY2020.

Operating income, FY2020
12% of revenue
▼ 0% vs FY2019 ($724M, 12%)
Net income, FY2020
7% of revenue
▲ +15% vs FY2019 ($394M, 7%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q3 FY2020, the three months to Nov 1, 2020
Revenue
▲ 0%
vs $825.2M in Q3 FY2019
Net income
▲ +1119%
vs $131.9M in Q3 FY2019
  • Dec 28, 2020 The merger changed control of HD Supply HD Supply became a wholly owned subsidiary, and its shares were delisted.
  • Nov 16, 2020 The Home Depot agreed to acquire HD Supply The agreement called for an all-cash tender offer followed by a merger.
  • Oct 19, 2020 Sold the Construction & Industrial business The business was sold to an affiliate of Clayton Dubilier & Rice.

Grew. Revenue grew 20% in 2 years, from $5.1B in FY2018 to $6.1B in FY2020, about 10% a year.

Waterworks exit Waterworks was sold, and the latest report describes Facilities Maintenance and Construction & Industrial, while the older report also included Waterworks and an infrastructure market.

Who Did They Compete With?

Competes with Fastenal, Grainger, MSC Industrial, Watsco, The Home Depot, and Ferguson

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