HD Supply Holdings Q1 Loss Narrows - Quick Facts

(RTTNews) - HD Supply Holdings, Inc. (HDS) reported a first-quarter loss from continuing operations of $1 million or $0.01 per share, compared to a loss of $130 million or $1.00 per share, previous year. Net loss per share was $0.06, compared to a loss of $1.00.

Operating income increased to $119 million from $101 million. Adjusted EBITDA increased 15 percent to $190 million from $165 million. The company said the increase in adjusted EBITDA was driven by Facilities Maintenance, Waterworks, and Construction & Industrial - White Cap, and reflects the continued focus on initiatives execution to drive growth in excess of estimate of market growth. Adjusted net income was $39 million or $0.20 per share, for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.18 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $2.16 billion from $2.05 billion, prior year. Analysts expected revenue of $2.15 billion for the quarter.

The company anticipates second-quarter net sales to be in the range of $2.35 billion to $2.45 billion, adjusted EBITDA in the range of $240 million to $250 million, and adjusted net income per share in the range of $0.42 to $0.49. Analysts expect the company to report second-quarter profit per share of $0.48 on revenue of $2.41 billion.