HDS - HD Supply: Waiting For The Split Into 2 Businesses
HD Supply (HDS) operates under two reportable segments: (i) Facilities Maintenance and (ii) Construction & Industrial. Sales under both segments represent a fairly even percentage of total sales, with 51% and 49% respectively.
COVID-19 affected both segments differently however, with more resiliency shown by their C&I segment, a surprising highlight, considering the highly cyclical nature of that business.
Before the pandemic struck global economies, the management team was on track to separate HDS into two publicly traded companies by mid-year in 2020. However, the unstable economic environment created by COVID-19 has deferred