Sales rise, earnings improve for HD Supply
HD Supply, the Atlanta-based heavy-duty construction products wholesaler, reported first quarter net sales of $2.16 billion, up 6% from the first quarter last year.
“I am pleased with our solid performance this quarter, despite the adverse impact of the severe weather we experienced throughout February and March. We remain cautiously optimistic that our end markets will continue to build on the emerging strength that we are seeing in select geographies,” stated Joe DeAngelo, CEO of HD Supply. “We remain focused on controllable execution to deliver profitable growth in excess of our market.”
The industrial distributor that was once a division of The Home Depot narrowed its loss considerably in the quarter to $12 million, improved from a net loss of $131 million in the year ago period.
The company’s Construction & Industrial – White Cap division saw sales increase 11% to $344 million.
The company anticipates total net sales in the second quarter of fiscal 2014 to be in the range of $2.35 billion to $2.45 billion.
HD Supply serves the industrial market through some 650 locations and across 48 states and seven Canadian provinces.
Wet & Forget launches Great Backyard Giveaway
Wet & Forget is giving customers a chance to line their pockets with some added goodies.
The 2014 Great Backyard Giveaway is now live, offering eight prizes over the next eight weeks. That means entrants have eight different opportunities to win, provided they re-enter each week. All entries go cumulatively toward the ultimate Grand Prize drawing which increases (up to a maximum of $1,500) in value depending on the number of entries.
Week 1’s prizes include assorted Wet & Forget products, including Wet & Forget Shower, Wet & Forget Indoor and Miss Muffet’s Revenge, a spider-control product.
The following weeks will provide an assortment of possible freebies, including Visa gift cards of various amounts, outdoor furniture, fire pits, a high-end grill and more.
Toro Company takes strides for water conservation
The Toro Company and the Wyland Foundation are teaming up in the name of water conservation.
"The Toro Company has demonstrated its commitment to the efficient use of water over and over again," said Wyland, an artist, conservationist and founder of the Wyland Foundation. "They share our belief that innovation and creativity can not only make people’s lives better, they can protect the natural resources that we all depend on."
This isn’t the first time the two organizations have worked together. Earlier this year, they joined forces on the National Mayor’s Challenge for Water Conservation, a national water conservation competition among various cities in which residents make online pledges to reduce their water and energy use.
Through this new partnership, the Mayor’s Challenge will be promoted via Toro’s corporate channels and distribution networks, as well as outreach campaigns via the Wyland Clean Water Mobile Learning Center (a 1,000-sq.-ft. museum on wheels complete with a running river, 40-person theater, city scape model and more). Community events, trade shows, school presentations and art contests will also figure into the mutual awareness-raising.