Company Overview of True Value Company
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. Further, it provides interest-free or low-interest bearing loans to retailers to remodel, expand, relocate, and open branch or new Destination True Value format stores. It sells its products primarily to hardware retailers, industrial distributors, garden centers, and rental retailers. As of March 16, 2015, the company operated approximately 4,500 re...
8600 West Bryn Mawr Avenue
Chicago, IL 60631
Founded in 1948
Key Executives for True Value Company
Chief Executive Officer and President
Chief Financial Officer, Chief Accounting Officer and Senior Vice President
Chief Operating Officer and Senior Vice President
Chief Information Officer and Senior Vice President
Chief Customer Officer and Senior Vice President of Marketing
Compensation as of Fiscal Year 2014.
True Value Company Key Developments
True Value Company Reports Earnings Results for the Fiscal 2014
Mar 16 15
True Value Company reported earnings results for the fiscal 2014. For the fiscal 2014, the company reported revenue of $1,495.0 million, an increase of 5.9%, or $83.5 million. The co-op posted $54.3 million in profit prior to strategic plan spending, down $1.0 million or 1.8% compared to $55.3 million in 2013. The co-op posted earnings of $41.1 million including $13.2 million of strategic plan related expenses, a decrease of 25.7% or $14.2 million, for the same period a year ago. The net margin impact of the higher sales volume was offset by higher labor and benefit expenses, higher inbound and outbound freight expense, and operating expenses for the 53rd week, as well as the cost of the retailer subsidies on the rollout of the new paint colorant system.
True Value Company Appoints Lars Hybel to Vice President, International, Effective Jan. 12, 2015
Jan 7 15
True Value Company announced the appointment of Lars Hybel to vice president, International, effective Jan. 12, 2015. Most recently, he was vice president and general manager, global business unit, Electrolux Central Vacuum Systems, leading the transition of three regional operations to a global matrix organization, and successfully coordinating the first mass-channel entry in Canada, driving significant market share gain.
True Value Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014
Dec 4 14
True Value Company reported earnings results for the third quarter and nine months ended September 27, 2014. For the period, the company has posted gross billings of $466.4 million, up 2.4% or $10.8 million, from $455.6 million for the same period a year ago. Revenue was $350.6 million, an increase of 1.0% or $3.6 million, from $347.0 million for the same period a year ago. The cooperative posted a quarterly net margin of $12.1 million, down 35.3% or $6.6 million, compared with $18.7 million from a year ago.
For the nine-month, gross billings was $1.49 billion, up 3.6% or $51.9 million, from $1.44 billion for the same period a year ago. Revenue was $1.11 billion, an increase of 3.8% or $40.9 million, from $1.07 billion for the same period a year ago. The 2014 year-to-date net margin was $36.2 million, down 15.6% or $6.7 million, from $42.9 million one year ago.
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