Hughes Supply, Inc.
Stock Symbol: HUG
One Hughes Way
Hughes Supply, Inc. Industry:
Misc. Capital Goods
Hughes Supply, Inc. Description:
Hughes Supply, Inc. is a wholesale distributor of construction and industrial materials with over 450 locations in 34 states. During 2003, Hughes is celebrating their 75th anniversary.
Hughes Supply, Inc. Financial Summary:
Hughes Supply Inc is a diversified wholesale distributor of equipment & supplies for construction & industrial markets. For the 26 weeks ended 07/31/05, revenues rose 20% to $2.57B. Net income rose 6% to $73.2M. Revenues reflect improved organic sales with positive growth reported by water & sewer, utilities and industrial PVF segments. Net income was partially offset by higher personnel expense.
Hughes Supply, Inc. Business Summary:
Hughes Supply, Inc. is a diversified wholesale distributor of construction, repair and maintenance related products. The Company distributes over 350,000 products to more than 100,000 customers through its 503 branches located in 40 states and two Canadian provinces. Hughes Supply's customers include water and sewer, plumbing, electrical and mechanical contractors; public utilities; municipalities; property management companies, and industrial companies. Hughes Supply is organized on a product line basis into seven segments that are Water & Sewer; Plumbing/Heating, Ventilating and Air Conditioning (HVAC); Utilities; Maintenance, Repair and Operations (MRO); Electrical; Industrial Pipe, Valves and Fittings (PVF), and Building Materials. The Company includes Fire Protection and Mechanical product lines in the Other category. On November 1, 2004, the Company acquired Southwest Power, Inc. and Western States Electric, Inc.