Ace Hardware posts record Q1

OAK BROOK, Ill. — Ace Hardware reported its best Q1 revenue and net income in the company’s 90-year history. Total revenues were $1.1 billion for the first quarter of 2014, an increase of $155.5 million or 16.8%, from the first quarter of 2013. Net income was $24.4 million for the first quarter of 2014, an increase of $20 million or 454.5% from the first quarter of 2013. Ace will continue seeking to foster growth in 2014 with its  20/20 Vision strategy, and as a result of its acquisition of Emery-Waterhouse.