Home Depot Stock Price, News & Analysis

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.

The Home Depot announced that CEO Edward "Ted" Decker will become chair of the board effective October 1, 2022, succeeding Craig Menear, who will retire on September 30, 2022. Ted Decker, who has been with the company for 22 years and became CEO in March 2022, will continue to focus on enhancing customer experience and supporting associates. The Home Depot operates 2,316 stores across various locations and employs around 500,000 associates. The stock is traded under the ticker symbol HD on the NYSE and is part of the Dow Jones Industrial Average and S&P 500 index.

The Home Depot reported a record $43.8 billion in sales for Q2 2022, marking a 6.5% increase from Q2 2021. Net earnings rose to $5.2 billion or $5.05 per diluted share, up 11.5% year-over-year. Comparable sales increased by 5.8%, with U.S. sales up 5.4%. The company reaffirmed its 2022 guidance of approximately 3.0% sales growth, operating margin of 15.4%, and mid-single digit EPS growth. CEO Ted Decker cited strong demand for home improvement projects.

The Home Depot, the largest home improvement retailer globally, has scheduled its Second Quarter Earnings Conference Call for August 16, 2022, at 9 a.m. ET. Investors can access the live webcast through the company’s investor relations website. As of the end of the first quarter, The Home Depot operated 2,316 retail stores across the U.S., Puerto Rico, Canada, and Mexico, employing approximately 500,000 associates. The company is traded on the NYSE under the ticker HD and is a component of major indices like the Dow Jones and S&P 500.

The Home Depot, the largest home improvement retailer, has partnered with Hewlett Packard Enterprise (HPE) to enhance its networking capabilities using Aruba ESP and HPE GreenLake for Aruba. This initiative aims to deliver superior customer experiences by streamlining operations and improving connectivity in its U.S. stores. The new network will support advanced functionalities, boost speed and flexibility, and offer network-as-a-service (NaaS) benefits. With over 2,300 stores and 500,000 associates, this investment reflects The Home Depot's commitment to technology as a core driver of retail innovation.

The Home Depot announced a cash dividend of $1.90 per share for Q1 2022, payable on June 16, 2022.

Shareholders of record by the close of business on June 2, 2022 will receive the dividend. This marks the 141st consecutive quarter the company has issued a cash dividend. The Home Depot operates 2,316 retail stores and employs around 500,000 associates globally. The company is publicly traded on the NYSE under the ticker HD, and is part of the Dow Jones Industrial Average.