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May 29, 2015 6:25 AM ET

Specialty Retail

Company Overview of Ace Hardware Corporation

Company Overview

Ace Hardware Corporation operates as a retailer-owned hardware cooperative worldwide. It engages in the wholesale of a range of products, including electrical, paint and solvents, hand tools, plumbing, and lawn and garden power equipment. The company also provides value-added services, such as advertising, marketing, and merchandising services to its retail members. It markets its products primarily to retailers that operate hardware stores and with whom the company has a retail membership agreement in the United States. In addition, the company distributes hardline products for independent lumber, paint, industrial, and hardware outlets in the northeast; and provides propane. Further, it of...

2200 Kensington Court

Oak Brook, IL 60523

United States

Founded in 1924

Key Executives for Ace Hardware Corporation

Chief Executive Officer and President
Age: 44
Chief Financial Officer, Chief Risk Officer and Executive Vice President
Age: 54
President of East Tennessee and Northwest Georgia
Age: 55
Vice President, General Counsel and Secretary
Executive Vice President of Supply Chain and Retail Support
Age: 53
Compensation as of Fiscal Year 2014.

Ace Hardware Corporation Key Developments

Ace Hardware Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 4, 2015

Ace Hardware Corporation reported unaudited consolidated earnings results for the first quarter ended April 4, 2015. For the quarter, total revenues were $1,186.1 million against $1,078.7 million a year ago. Operating income was $31.9 million against $26.5 million a year ago. Net income attributable to Ace Hardware Corporation was $29.9 million against $24.4 million a year ago. Net cash used in operating activities was $71.5 million against $42.8 million a year ago. Purchases of property and equipment were $8.3 million against $7.0 million a year ago.

Ace Hardware Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 3, 2015

Ace Hardware Corporation reported consolidated earnings results for the fourth quarter and full year ended January 3, 2015. For the quarter, the company reported total revenues of $1,161.6 million against $1,022.4 million a year ago. Operating income was $12.3 million against $24.3 million a year ago. Net income attributable to the company was $12.7 million against $23.4 million a year ago. For the year, the company reported total revenues of $4,700.5 million against $4,154.2 million a year ago. Operating income was $151.6 million against $113.5 million a year ago. Net income attributable to the company was $140.9 million against $104.5 million a year ago. Net cash provided by operating activities was $58.9 million against $168.0 million a year ago. Purchases of property and equipment were $41.1 million against $45.0 million a year ago.

Ace Hardware Corporation Announces Management Changes

Ace Hardware Corporation has announced the promotion of Dan Miller as vice president of retail operations and new business, and Brian Wiborg as vice president of retail development and supply. In their new roles, Dan and Brian will be laser focused on passion to continuously improve the retail store model. Miller a long-time member of the Ace team, has been with the company for 33 years. He began his career with Ace in 1981 as a District Manager, with subsequent assignments as Retail Services Manager; Store Development Manager; International Sales Manager - Europe & Middle East; Regional Manager and Manager, New Business. In Oct. 1998, Miller was promoted to Director, Retail Operations residing in Denver, Colo., where he was responsible for field operations west of the Mississippi River. Miller succeeds Kane Calamari as vice president of Retail Operations and New Business. Calamari recently transitioned to the role of vice president of Human Resources, Organizational Development and Communications for Ace Hardware. Wiborg rejoined Ace in Dec. 2013 as Director of Category Management and Business to Business. In his new role as vice president of Retail Development and Supply, Wiborg oversees Category Management, Retail Pricing, Retail Training, Retail Development, Store Systems & Operations, and Business to Business. Prior to joining Ace Hardware, Wiborg worked at The Room Place, where he was vice president of Marketing. He worked for Ace from 1994 to 2010 as an Inventory Analyst, Associate Buyer, Category Manager, and Director of Marketing and Advertising.

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