Ace Hardware

OverviewSuggest Edit

Ace Hardware is a company operating as a wholesaler of hardware, paint, and other related products. It offers lawn and garden equipment, paints and sundries, and hand tools. It also provides value-added services, such as advertising, marketing, merchandising, and store location and design services to its retail members. In addition, the company distributes hardlines products for independent lumber, paint, industrial, and hardware outlets. Further, it offers various store services, such as assembly, key cutting, blade sharpening, carpet cleaning machinery rental, color matching, delivery, glass and acrylic sheet cutting, glass repair, lock servicing, installation, pipe cutting and threading, propane, screen, and small engine repair, postal, and utility payment services.

TypePrivate
Founded1924
HQOak Brook, IL, US
Websiteacehardware.com
Employee Ratings3.7
Overall CultureB

Latest Updates

Employees (est.) (Oct 2021)9,769
Job Openings1,091
Revenue (FY, 2019)$6.1 B(+7%)
Cybersecurity ratingCMore
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Key People/Management at Ace Hardware

John Venhuizen

John Venhuizen

President & CEO
William Guzik

William Guzik

Executive Vice President & Chief Financial Officer
Kim Lefko

Kim Lefko

Chief Marketing Officer
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Ace Hardware Office Locations

Ace Hardware has offices in Oak Brook and Utqiagvik
Oak Brook, IL, US (HQ)
2200 Kensington Ct
Utqiagvik, AK, US
1611 Okpik St
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Ace Hardware Financials and Metrics

Summary Metrics

Founding Date

1924
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Ace Hardware Revenue

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View revenue for all periods
Ace Hardware's revenue was reported to be $6.07 b in FY, 2019 which is a 6.2% increase from the previous period.
USD

Revenue (FY, 2019)

6.1b

Revenue growth (FY, 2018 - FY, 2019), %

6.2%

Gross profit (FY, 2019)

892.6m

Gross profit margin (FY, 2019), %

14.7%

Net income (FY, 2019)

140.4m

EBIT (FY, 2019)

133.8m

Cash (28-Dec-2019)

18.2
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

5.1b5.4b5.7b6.1b

Revenue growth, %

7%5%6%6%

Cost of goods sold

4.4b4.6b4.9b5.2b

Gross profit

712.8m754.3m795.1m892.6m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

1.2b1.4b1.2b1.2b1.5b1.3b1.3b1.6b1.4b1.4b1.7b1.5b

Cost of goods sold

1.1b1.2b1.0b1.1b1.3b1.1b1.1b1.4b1.2b1.2b1.4b1.3b

Gross profit

157.3m210.8m181.8m171.3m213.3m197.2m168.7m229.1m204.9m190.6m247.4m240.3m

Gross profit Margin, %

13%15%15%14%14%15%13%14%14%14%15%16%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

16.8m23.0m25.6m18.2

Accounts Receivable

400.9m415.7m434.4m486.5

Prepaid Expenses

42.4m41.5m50.4m45.5

Inventories

740.8m777.5m931.8m930.8
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

161.2m147.4m128.2m140.4m

Depreciation and Amortization

51.1m48.4m55.7m60.1m

Inventories

(23.8m)(26.3m)(144.6m)30.0m

Accounts Payable

61.8m55.1m66.6m56.2m
USDQ1, 2017

Debt/Equity

0.6 x

Debt/Assets

0.2 x

Financial Leverage

3.8 x
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Ace Hardware Operating Metrics

Ace Hardware's Stores was reported to be 5.3 k in FY, 2019.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Stores

4.8 k4.8 k4.9 k4.9 k4.99 k5 k5.02 k5.05 k5.12 k5.14 k5.16 k5.21 k5.25 k5.28 k5.3 k5.33 k5.25 k

Stores Opened

207305257236445975257474448208

Stores Cancelled

10321313410928352612522241995

Stores (US)

4.31 k4.3 k4.32 k4.34 k4.36 k4.36 k4.36 k4.37 k4.42 k4.42 k4.42 k4.45 k4.48 k4.5 k4.51 k4.53 k4.56 k
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Ace Hardware Acquisitions / Subsidiaries

Company NameDateDeal Size
Handyman MattersSeptember 10, 2019
The GrommetOctober 03, 2017
Ace Hardware International Holdings, Ltd
Ace Wholesale Holdings LLC
Emery Jensen Distribution, LLC
Emery-Waterhouse Company, Inc.
Jensen Distribution Services, Inc.
New Age Insurance Ltd.
S.A.L. Trading Limited
Westlake Hardware, Inc.

Ace Hardware Revenue Breakdown

Embed Graph

Ace Hardware revenue breakdown by business segment: 91.7% from Wholesale and 8.3% from Retail

Ace Hardware Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

Ace Hardware Online and Social Media Presence

Embed Graph

Ace Hardware Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    B

    70/100

  • Compensation

    C

    63/100

  • Diversity

    B

    70/100

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Ace Hardware News and Updates

Ace Hardware Ranks #4 On Franchise Times' Top 400 List

Ace Hardware, the largest retailer-owned hardware cooperative in the world, moved up from the #5 to the #4 position in the annual Franchise Times Top 400 List*. The Franchise Times’ Top 400 List is an annual ranking of the 400 largest franchise systems in the United States by global systemwide sales…

Ace Hardware Reports Overwhelming Success At Fall 2021 Convention

Ace Hardware led the industry by staging an overwhelmingly successful in-person convention Sept. 21-23 in Orlando, Florida that brought together more than 10,000 total attendees. The event provided Ace teams a world-class venue to effectively plan business, take advantage of margin-building buying …

America’s top most trusted retail and e-commerce brands

We are honored to be named one of America’s top most trusted retail and e-commerce brands by Morning Consult.

­­­­­­­­­­­­­Ace Hardware On Track To Open More Than 170 Stores This Year

Ace Hardware, the largest retailer-owned hardware cooperative in the world, has already opened 110 new stores in 2021, and is planning to open at least an additional 60 stores by the end of the year.

Whitestone Renews and Expands Paul’s Ace Hardware as One of its High Quality, E-Commerce Resistant Tenants at Its Fountain Hills Plaza Property

HOUSTON, May 25, 2021 (GLOBE NEWSWIRE) -- Whitestone REIT today announced that its “helpful hardware folks” tenant, Paul’s Ace Hardware, renewed its lease for 10 years and is expanding its square footage at Whitestone’s Fountain Hills Plaza property in Fountain Hills, Arizona.

Ace Hardware To Help End Project Procrastination By Turning 'Someday' Into An Actual Day With Its Most Helpful Offers Ever

OAK BROOK, Ill., March 11, 2021 /PRNewswire/ -- Amid National Procrastination Week, Ace Hardware is offering special promotions to help customers put an end to their paint procrastination and declaring Saturday, April 3 as 'Some Day.' This declaration follows a February 2021 YouGov survey...
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Ace Hardware Frequently Asked Questions

  • When was Ace Hardware founded?

    Ace Hardware was founded in 1924.

  • Who are Ace Hardware key executives?

    Ace Hardware's key executives are John Venhuizen, William Guzik and Kim Lefko.

  • How many employees does Ace Hardware have?

    Ace Hardware has 9,769 employees.

  • What is Ace Hardware revenue?

    Latest Ace Hardware annual revenue is $6.1 b.

  • What is Ace Hardware revenue per employee?

    Latest Ace Hardware revenue per employee is $621.5 k.

  • Who are Ace Hardware competitors?

    Competitors of Ace Hardware include The Home Depot, Lowe's and Do it Best.

  • Where is Ace Hardware headquarters?

    Ace Hardware headquarters is located at 2200 Kensington Ct, Oak Brook.

  • Where are Ace Hardware offices?

    Ace Hardware has offices in Oak Brook and Utqiagvik.

  • How many offices does Ace Hardware have?

    Ace Hardware has 2 offices.