The Home Depot, Inc. has successfully completed a public offering totaling $2 billion in Notes with varying maturity dates and interest rates. The offering includes $500 million of 3.750% Notes due in 2028, $500 million of 3.950% Notes due in 2030, and $1 billion of 4.650% Notes due in 2035. This issuance was conducted under a shelf registration statement filed with the SEC in August 2024.
The Notes were issued under an Indenture established in May 2005, with The Bank of New York Mellon Trust Company serving as Trustee. The details of the offering, including the forms of global note, are available in the exhibits filed with the current report. These documents are intended to provide information on the terms of the Notes and should not be used by investors for any other purpose.
linkSep 15, 2025 16:24:49
The Home Depot has entered into an Underwriting Agreement for a public offering of $2 billion in aggregate principal amount of Notes with varying maturities. This includes $500 million of 3.750% Notes due in 2028, $500 million of 3.950% Notes due in 2030, and $1 billion of 4.650% Notes due in 2035. The offering is made under the company's shelf registration statement filed with the SEC and is expected to close on September 15, 2025, pending certain conditions.
The Underwriting Agreement involves J.P. Morgan Securities LLC, BofA Securities, Barclays Capital, Deutsche Bank Securities, and Wells Fargo Securities as underwriters. It includes standard representations, warranties, and covenants, along with indemnification clauses. Investors should note that the document is filed to provide terms of the agreement and is not intended for other informational purposes regarding the company or the underwriters.
linkSep 10, 2025 16:01:40
The Home Depot reported sales of $45.3 billion for the second quarter of fiscal 2025, reflecting a 4.9% increase from the same quarter in the previous year. Comparable sales rose by 1.0%, with a 1.4% increase in the U.S. Net earnings for the quarter were $4.6 billion, or $4.58 per diluted share, slightly down from $4.60 per diluted share in the prior year. Adjusted diluted earnings per share increased to $4.68, compared to $4.67 in the same period of fiscal 2024. The company noted that foreign exchange rates negatively impacted total comparable sales by about 40 basis points.
The Home Depot reaffirmed its fiscal 2025 guidance, projecting total sales growth of approximately 2.8% and comparable sales growth of around 1.0%. The company plans to open approximately 13 new stores and anticipates a gross margin of about 33.4% and an operating margin of approximately 13.0%. Diluted earnings per share are expected to decline by approximately 3% from $14.91 in fiscal 2024, while adjusted diluted earnings per share are projected to decrease by about 2% from $15.24. The company operates a total of 2,353 retail stores and employs over 470,000 associates.
linkAug 19, 2025 06:06:02
The Home Depot announced sales of $39.9 billion for the first quarter of fiscal 2025, marking a 9.4% increase compared to the same quarter in fiscal 2024. However, comparable sales decreased by 0.3%, with a slight increase of 0.2% in the U.S. Net earnings for the quarter were $3.4 billion, or $3.45 per diluted share, down from $3.6 billion, or $3.63 per diluted share, in the prior year. The company noted that foreign exchange rates negatively impacted comparable sales by approximately 70 basis points during this period. Adjusted diluted earnings per share were reported at $3.56, compared to $3.67 in the same quarter last year.
Home Depot reaffirmed its fiscal 2025 guidance, projecting total sales growth of approximately 2.8% and comparable sales growth of about 1.0%. The company plans to open approximately 13 new stores and anticipates a gross margin of around 33.4% and an operating margin of approximately 13.0%. Additionally, the diluted earnings per share are expected to decline by about 3% from the previous fiscal year, with adjusted diluted earnings per share projected to decline by approximately 2%. At the end of the quarter, the company operated 2,350 retail stores and employed over 470,000 associates.
linkMay 20, 2025 06:13:09
Home Depot reported a fourth quarter sales increase of 14.1% to $39.7 billion compared to the same period last year, with net earnings rising to $3.0 billion from $2.8 billion. The company also announced a 2.2% increase in its quarterly dividend, marking the 152nd consecutive quarter of cash dividends paid.
However, comparable sales for fiscal 2024 decreased by 1.8%, and net earnings for the entire fiscal year fell to $14.8 billion from $15.1 billion in the previous year. Additionally, the adjusted diluted earnings per share for fiscal 2024 showed a slight decline from $15.25 to $15.24.
linkFeb 25, 2025 06:49:51
Home Depot reported sales of $40.2 billion for the third quarter of fiscal 2024, marking a 6.6% increase compared to the same period last year. The company maintained steady operating income at $5.4 billion, with an operating margin of 13.5%. Additionally, adjusted operating income rose slightly to $5.6 billion, and adjusted diluted earnings per share were $3.78. The CEO noted improved customer engagement and sales related to seasonal goods and hurricane demand as positive contributors to performance.
However, comparable sales for the quarter decreased by 1.3%, with a slight decline of 1.2% in the U.S. market. Net earnings also fell to $3.6 billion, down from $3.8 billion in the previous year, resulting in diluted earnings per share of $3.67, a decrease from $3.81. The company updated its fiscal 2024 guidance, projecting a decline in comparable sales of approximately 2.5% and a decrease in diluted earnings per share by about 2% compared to the previous fiscal year.
linkNov 12, 2024 06:10:23
Home Depot announced a slight increase in sales for the second quarter of fiscal 2024, totaling $43.2 billion, aided by its recent acquisition of SRS Distribution. However, comparable sales saw a decline of 3.3%, suggesting challenges in consumer demand, particularly in the U.S. The company's operating income decreased slightly, and net earnings also fell compared to the previous year. Despite these setbacks, the CEO expressed confidence in the long-term fundamentals of the home improvement market, attributing current pressures to higher interest rates and economic uncertainty.
Looking ahead, Home Depot updated its guidance for fiscal 2024, projecting total sales growth of 2.5% to 3.5% and a decline in comparable sales between 3% and 4% for the year. The company plans to open approximately 12 new stores and expects to maintain a gross margin of around 33.5%. While the guidance reflects some optimism, the anticipated decline in comparable sales indicates ongoing challenges in consumer spending and market conditions.
linkAug 13, 2024 06:07:00
The Home Depot has successfully acquired SRS Distribution, expanding its market and customer base. The $18.25 billion deal aims to enhance services for professional customers and boost growth. The acquisition is expected to increase the company's addressable market by $50 billion, positioning The Home Depot as a leading specialty trade distributor. The move is seen as a strategic fit, leveraging SRS's expertise to drive value for customers and shareholders.
linkJun 18, 2024 17:25:18
The Home Depot reported a 2.3% sales decrease in Q1 2024 compared to Q1 2023. Net earnings were $3.6 billion. Despite challenges like delayed spring start, the CEO praised the team's performance. Fiscal 2024 guidance includes 1.0% total sales growth, 1.0% comparable sales decline, and 12 new stores. The company is set to acquire SRS Distribution Inc. The stock is traded on NYSE and part of Dow Jones and S&P 500.
linkMay 14, 2024 06:23:30
The Home Depot's acquisition of SRS Distribution for $18.25 billion expands its market by $50 billion, enhancing services for residential professional customers. The deal aims to leverage SRS's expertise in specialty trades and branch network to boost growth. While expected to be dilutive to earnings-per-share initially, it is projected to be accretive from a cash EPS perspective post-closing. The acquisition is anticipated to be completed by the end of fiscal 2024, funded through cash and debt, with a focus on long-term shareholder value.
linkMar 28, 2024 08:30:39