Ace Hardware Corporation (“Ace” or the “Company”), the largest retailer-owned hardware cooperative in the world, today reported second quarter 2017 revenues of $1.5 billion, an increase of $66.0 million, or 4.6 percent, from the second quarter of 2016. Net income was $51.1 million for the second quarter of 2017, a decrease of $12.3 million from the second quarter of 2016. During the second quarter of 2017, the Company recorded $7.8 million of one-time pre-tax charges primarily related to the future closure of certain warehouse and distribution facilities as part of a network reconfiguration to support future growth.
