Hughes Supply Reaffirms Fiscal Year 2005 Earnings Guidance

Hughes Supply Reaffirms Fiscal Year 2005 Earnings Guidance 


ORLANDO, Fla., Feb. 2  /PRNewswire-FirstCall/ -- Hughes Supply, Inc. (NYSE:HUG)
today reaffirmed earnings guidance for the fourth quarter and fiscal year ended
January 31, 2005. Speaking at the Lehman Brothers Industrial Select Conference
in Miami, Florida, Hughes Supply President and CEO Tom Morgan said, "Capping
off the best year in our company's history, we continue to expect fourth
quarter earnings between $0.25 and $0.30 per diluted share, and for the full
year we expect earnings per diluted share of between $1.90 and $1.95." As
previously announced, Hughes has set an estimated range of earnings per share
growth for fiscal year 2006 of 10% to 20%, with high, single digit organic
sales growth expected.

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Hughes will announce its fourth quarter and fiscal year 2005 earnings on
Tuesday, March 8, 2005, after market close, and will hold a conference call at
4:30 p.m. Eastern time on that day to discuss its results of operations. To
access the call, please dial 800-988-0490; passcode: Hughes; leader: David
Bearman, or you may log on to http://www.hughessupply.com/ and click on the
Investors tab. A replay of the conference call will be available on the website
until April 8, 2005, or you may dial 866-397-1423; passcode: Hughes.

About Hughes Supply, Inc.

Hughes Supply, Inc., founded in 1928, is one of the nation's largest
diversified wholesale distributors of construction, repair and maintenance-
related products, with over 500 locations in 40 states. Headquartered in
Orlando, Florida, Hughes employs approximately 9,300 associates and generates
annual revenues exceeding $4 billion. Hughes is a Fortune 500 company and was
named the #2 Most Admired Company in America in the Wholesalers: Diversified
Industry segment by Fortune Magazine. For additional information on Hughes
Supply, you may visit http://www.hughessupply.com/ .

Except for historical information, all other information discussed in this news
release consists of forward-looking statements under the Private Securities
Litigation Reform Act of 1995. When used in this report, the words "believe,"
"anticipate," "estimate," "expect," "may," "will," "should," "plan," "intend,"
"project," and similar expressions are intended to identify forward-looking
statements.  These forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Company to be different from any future results,
performance, and achievements expressed or implied by these statements.  These
risks and uncertainties include, but are not limited to, the strength of the
construction market and the general economy, competition, delay in implementing
operating systems, reliance on key personnel, success in integrating and
achieving expected profitability from acquired businesses, fluctuating
commodity prices, achieving enhanced profitability goals, the Company's fixed
cost structure, customer credit policies, unexpected product shortages, product
purchasing and supply, overseas movement of manufacturing facilities, and other
factors set forth from time to time in filings with the Securities and Exchange
Commission.  The forward-looking statements included in this news release are
made only as of the date of this news release and under section 27A of the
Securities Act and section 21E of the Exchange Act. Hughes Supply does not have
any obligation to publicly update any forward- looking statements to reflect
subsequent events or circumstances. 

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DATASOURCE: Hughes Supply, Inc.



CONTACT:  Arleen Llerandi, Vice President, Investor Relations, Hughes

Supply, Inc., [phone]



Web site:  http://www.hughessupply.com/ 

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