Home Depot Stock Price, News & Analysis

The Home Depot Foundation announced nearly $14.5 million in funding to support veteran causes, coinciding with Veterans Day. This initiative aims to assist 1,000 U.S. veterans with rental and mortgage payments in December, particularly those who faced homelessness. Additionally, the Foundation's commitments include $400 million invested since 2011 and a pledge of half a billion dollars to veteran causes by 2025. Key funding recipients include Operation Homefront and Habitat for Humanity, aimed at enhancing housing for veterans.

The Home Depot, the largest home improvement retailer, announced its Third Quarter Earnings Conference Call scheduled for November 15, 2022, at 9 a.m. ET. Investors can access the conference call via a webcast available on the company’s investor relations website.

The Home Depot operates 2,316 retail stores across the U.S., Canada, and Mexico, employing approximately 500,000 associates. The company is traded on the NYSE under the ticker HD and is part of significant indices like the Dow Jones and S&P 500.

The Home Depot has unveiled a revamped vacation rental property in the Berkshires, demonstrating how design upgrades can enhance guest experiences and property value. Collaborating with Vrbo and design influencers, the makeover features exclusive furnishings from brands like Home Decorators Collection and StyleWell. Key elements include timeless décor, a balanced color palette with Behr's 2023 Color of the Year, and functional spaces designed for comfort. The initiative also includes donations of unused items to nonprofits, showcasing Home Depot's commitment to community support.

The Home Depot has launched the Path to Pro Network, a jobseeker platform aimed at connecting skilled tradespeople with hiring professionals in the construction and home improvement industries. A recent survey revealed that 50% of trades professionals find it challenging to assess applicants' qualifications. Jobseekers can create profiles, upload resumes, and showcase their work to potential employers. The initiative is part of a broader effort to address the skilled labor shortage in the U.S. and offers free training programs to prepare candidates for careers in the trades.

Vertiv has appointed Giordano Albertazzi as the new COO and will succeed Rob Johnson as CEO on January 1, 2023. The company reaffirms its third quarter 2022 guidance at the lower end due to foreign exchange impacts. Additionally, Vertiv revised its fourth quarter adjusted operating profit guidance to $220 million - $240 million and updated its 2023 outlook for adjusted operating profit to $730 million - $750 million. The firm also appointed Joseph DeAngelo to its Board of Directors.

The Home Depot Foundation has invested an additional $3.7 million to expand its Path to Pro training program, aimed at filling the skilled labor gap in the construction industry. This investment allows for further youth programming and scholarships, building on its achievement of training over 29,000 participants—surpassing its initial goal of 20,000 six years early. The Foundation has committed $50 million to the program to address the growing demand for skilled workers, as more than 400,000 construction jobs remain open nationwide.

The Home Depot, the largest home improvement retailer globally, announces CEO Ted Decker will present at the Goldman Sachs 29th Annual Global Retailing Conference on September 8, 2022, at 9:35 a.m. ET. The presentation will be webcast live and can be accessed at ir.homedepot.com/events-and-presentations. As of Q2 2022, The Home Depot operates 2,316 stores across the U.S., Canada, and Mexico, employing around 500,000 associates. The company's stock is listed on the NYSE under the symbol HD.

The Home Depot has declared a cash dividend of $1.90 per share for the second quarter, payable on September 15, 2022. This marks the company’s 142nd consecutive dividend payment, highlighting its strong financial position. Additionally, the board authorized a new $15 billion share repurchase program, replacing the previous one, aimed at enhancing shareholder value. The company's stock is traded on the NYSE under the ticker HD, with operations across 2,316 retail stores in North America.