HD Supply sales increased 7.5 percent
HD Supply posted net sales of $1.4 billion for the third quarter of fiscal 2017, an increase of 7.5 percent compared to $1.3 billion for the third quarter of fiscal 2016.
Net income of $452 million compared to $60 million for the third quarter of fiscal 2016. The increase was primarily due to the gain on the sale of the Waterworks business. Net income per diluted share of $2.42 compared to 30 cents for the third quarter of fiscal 2016.
In the Facilities Maintenance segment, net sales increased 4.1 percent to $754 million for the third quarter as compared to $724 million for the same period last yaer.
In the Construction & Industrial segment, net sales increased 11.8 percent to $617 million, compared to $552 million for the third quarter of fiscal 2016.