Hughes Supply Reaffirms Fiscal Year 2006 Guidance at Investor Day 2005

ORLANDO, Fla., Sept. 20  /PRNewswire-FirstCall/ -- Hughes Supply, Inc. (NYSE:HUG) -- Hughes Supply, a leading distributor of construction, repair and maintenance-related products, today hosted a group of institutional investors and analysts at its annual Investor Day in New York City. President and Chief Executive Officer Tom Morgan, along with six other members of senior management provided a progress report on the Company's strategic and operational initiatives. The webcast and a copy of the presentation can be found on the Investor Relations section of Hughes Supply's website, http://www.hughessupply.com/.

The Company indicated it remains comfortable with its previously issued third quarter guidance of net sales growth of 16% to 17%, and earnings per share of $0.58 to $0.60. In addition, the Company reiterated its previously issued guidance for fiscal year 2006 earnings per share growth of 5% to 8%, with net sales of approximately $5.2 billion, and organic sales growth in the high single digits.

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 9,500 associates and generated revenues of $4.4 billion in its last fiscal year ended January 31, 2005. Hughes is a Fortune 500 company and was named the #1 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/. 

DATASOURCE: Hughes Supply, Inc.



CONTACT:  Arleen Llerandi, Vice President, Investor Relations,

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

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