First quarter 2006: Home Depot Supply sales hit $2.1 billion
Industrial distribution’s 900-pound gorilla is starting to flex its muscle. The Home Depot Supply reported $2.1 billion in first quarter 2006 sales, compared with $657 million in the same period in 2005, thanks several acquisitions. Overall, the Atlanta-based company reported first quarter revenues of $21.5 billion, a 13.1 percent increase from the first quarter 2005.
Home Depot reported its supply division’s operating profit was $149 million compared with $28 million in the first quarter 2005.
During the first quarter, Home Depot acquired Hughes Supply for $3.4 billion. The transaction more than doubled the size of Home Depot Supply, which has more than 900 locations nationwide and in Canada with projected fiscal sales approaching $12 billion.
This past May, the “gorilla†added more muscle. Home Depot acquired Cox Lumber, a $396 million privately owned lumber company in Florida. Cox joins the company’s Williams Bros. Lumber business, and together they operate 48 branches in the Atlanta and Central Florida markets.
Home Depot reported its supply division’s operating profit was $149 million compared with $28 million in the first quarter 2005.
During the first quarter, Home Depot acquired Hughes Supply for $3.4 billion. The transaction more than doubled the size of Home Depot Supply, which has more than 900 locations nationwide and in Canada with projected fiscal sales approaching $12 billion.
This past May, the “gorilla†added more muscle. Home Depot acquired Cox Lumber, a $396 million privately owned lumber company in Florida. Cox joins the company’s Williams Bros. Lumber business, and together they operate 48 branches in the Atlanta and Central Florida markets.
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