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HDS - HD Supply Holdings +2% after mixed FQ1 report suspends guidance
HD Supply Holdings Inc.
HD Supply Holdings (NASDAQ:HDS) reports mixed FQ1 results that missed on EPS but beat on revenues.
Operating income was $121M (-28.8% Y/Y).
Adjusted net income was $108M (-24.5%).
HD Supply’s combined liquidity was $797M, comprised of $147M in cash and cash equivalents and $650M of additional available borrowings.
Preliminary net sales in May were ~$431M (-7.3% Y/Y); Preliminary May y/y average daily net sales decline by business segment was 13.4% in Facilities Maintenance and 1.4% in Construction & Industrial.
It will also not be providing a second quarter 2020 or fiscal full year 2020 outlook in light of the ongoing coronavirus outbreak.