ATLANTA, GA -- HD Supply, Inc.last week reported a fourth quarter loss from continuing operations of $203 million, on sales of $1.7 billion for the period. During the same quarter a year earlier, HD Supply lost $169 million.
Despite the lower results, HD Supply CEO Joe DeAngelo sounded upbeat. "In 2010, our associates' continued focus on our customers and our significant investments in the company to accelerate sales and growth momentum enabled us to gain market share and report year-over-year improved financial results, the first since 2007. Furthermore, our liquidity remains very strong, which allows us to meet our commitments and continuously invest in profitable growth," stated Joe DeAngelo, CEO, HD Supply. "These investments and our associates' outstanding performance make HD Supply the distributor of choice for our customers."
About HD Supply
HD Supply (www.hdsupply.com) is a leading wholesale distribution company, providing a broad range of products and services to professional customers in the infrastructure & energy, maintenance, repair & improvement and specialty construction markets. With a diverse portfolio of industry-leading businesses, HD Supply is one of the largest diversified wholesale distributors in North America, with approximately 765 locations.