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May 24, 2015 10:42 AM ET

Distributors

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. 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

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 and Senior Vice President
Age: 51
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 expected to report Q1 2015 results on May 24, 2015. This event was calculated by Capital IQ (Created on May 18, 2015).

True Value Company expected to report Q1 2015 results on May 24, 2015. This event was calculated by Capital IQ (Created on May 18, 2015).

True Value Company Reports Earnings Results for the First Quarter Ended April 4, 2015

True Value Company reported earnings results for the first quarter ended April 4, 2015. For the quarter, the company reported gross billings of $494.0 million for the quarter ended April 4, 2015, up 7.4% or $33.9 million from the same period a year ago. Revenue was $353.8 million, an increase of 6.7% or $22.3 million. The cooperative planned for a loss in the first quarter of 2015, posting a net loss of $1.7 million, down $2.6 million compared to net margin of $0.9 million from a year ago. The net margin decrease was driven by planned investment expense incurred in connection with the implementation of the strategic plan and was partially offset by the sales increase.

True Value Company Announces Executive Changes

True Value Company announced Deborah O’Connor will join the company as Senior Vice President and Chief Financial Officer succeeding current CFO David Shadduck who left True Value effective April 30, 2015. Most recently, O’Connor spent seven years at OfficeMax, where she was the senior vice president of integration and finance playing a critical role in the OfficeMax/Office Depot merger.

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