October 24, 2014 10:48 AM ET

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Company Overview of True Value Company

Company Overview

True Value Company operates as a member-owned wholesaler cooperative of hardware and related merchandise in the United States and internationally. The company also manufactures and sells paint and paint applicators. In addition, it offers value-added services, such as marketing, advertising, merchandising, and store location and design services to its retailers. Further, it provides interest-free or low-interest bearing loans to retailers to remodel, expand, relocate, or open branch or new Destination True Value format stores. It sells products primarily to hardware retailers, industrial distributors, garden centers, and rental retailers. The company has approximately 4,000 retail locations,...

8600 West Bryn Mawr Avenue

Chicago, IL 60631

United States

Founded in 1948

2,800 Employees

Phone:

773-695-5000

Key Executives for True Value Company

Chief Executive Officer and President
Chief Financial Officer
Age: 53
Chief Operating Officer and Senior Vice President
Chief Information Officer and Senior Vice President
Chief Customer Officer and Senior Vice President of Marketing
Age: 54
Compensation as of Fiscal Year 2014.

True Value Company Key Developments

True Value Company Reports Financial Results for the Second Quarter and Six Months Ended June 28, 2014

True Value Company reported financial results for the second quarter and six months ended June 28, 2014. The company reported gross billings of $568.0 million for the quarter ending June 28, 2014, up 4.6% or $25.1 million from $542.9 million for the same period a year ago. Revenue in the quarter was $429.5 million, an increase of 4.5% or $18.3 million from $411.2 million for the same period a year ago. The cooperative posted a quarterly net margin of $23.2 million, down 2.5% or $0.6 million compared to $23.8 million from a year ago. For the six-month period ending June 28, 2014, True Value reported gross billings of $1,028.1 million, up 4.2% or $41.1 million from $987.0 for the same period a year ago. For the six-month period, the company reported revenue of $761.0 million, an increase of 5.1% or $37.2 million from $723.8 million for the same period a year ago. The 2014 year-to-date net margin was $24.1 million, down 0.4% or $0.1 million from $24.2 million one year ago.

True Value Company Reports Earnings Results for the First Quarter Ended March 29, 2014

True Value Company reported earnings results for the first quarter ended March 29, 2014. The company has reported that net margin for the first quarter ended March 29, 2014 was $900,000, compared to $400,000, for the first quarter ended March 30, 2013. Revenue for the first quarter ended March 29, 2014 was $331.5 million, compared to $312.8 million for the first quarter ended March 30, 2013.

True Value Company Announces Revenue Results for the First Quarter Ended March 29, 2014

True Value Company announced revenue results for the first quarter ended March 29, 2014. For the quarter, the company announced revenue was $331.5 million, an increase of 6.0% or $18.9 million.

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