First quarter 2006: Home Depot Supply sales hit $2.1 billion
Home Depot reported its supply divisionâ€™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 â€œgorillaâ€ added more muscle. Home Depot acquired Cox Lumber, a $396 million privately owned lumber company in Florida. Cox joins the companyâ€™s Williams Bros. Lumber business, and together they operate 48 branches in the Atlanta and Central Florida markets.