HD Supply reported sales of $12.07 billion in fiscal 2006, an increase of 161.6% over 2005. Most of that growth was driven by the almost $4 billion in acquisitions made in the past year.
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HD Supply bought diversified distributor Hughes Supply last year at a premium of $3.4 billion. Hughes had sales of $5.4 billion in 2005.
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In 2006, the retail division had sales of $79 billion, up 2.6%.
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Overall, sales at The Home Depot were $90.8 billion, 11.4% over last year, with profit at $5.8 billion. Comparable store sales for the year were down 2.8%.
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In the fourth quarter 2006, sales for HD Supply grew by 64.4% to $2.9 billion, reflecting sales from acquisitions.
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