Welcome to our dedicated page for Home Depot news (Ticker: HD), a resource for investors and traders seeking the latest updates and insights on Home Depot stock.
The Home Depot, Inc. reports developments tied to its home improvement retail business, Pro contractor strategy and specialty trade distribution platform. The company operates warehouse-format stores and digital channels for building materials, home improvement products, lawn and garden products, decor, installation services, and tool and equipment rentals across the United States, Canada and Mexico.
Recurring news for HD includes quarterly earnings calls, investor presentations, dividend and guidance updates, technology leadership, marketing partnerships, and acquisitions that expand Pro-facing distribution. The SRS Distribution subsidiary adds coverage in roofing, building products, interior and construction products, landscape, pool and HVAC distribution, extending Home Depot's role beyond retail stores into trade-focused supply channels.
The Home Depot has announced its participation as a Southeast sponsor of SkillsUSA's National Signing Day 2021, recognizing students entering skilled trades. As part of this initiative, the company awarded $30,000 in scholarships to six students pursuing careers in building and construction trades. The Home Depot Foundation's Path to Pro program has exposed over 15,000 individuals to skilled trades and certified more than 5,000 participants. The Home Depot's commitment to supporting the next generation of tradespeople underscores its role in the construction industry.
The Home Depot has announced new resources for natural disaster preparedness coinciding with National Hurricane Preparedness Week and National Wildfire Preparedness Month. The company's Weather Center Hub now offers critical tools, including a Storm Preparedness checklist. Additionally, free disaster preparedness workshops will begin in June. The Home Depot Foundation has committed $4.1 million to disaster response in 2021, aiding recovery efforts post-tornadoes and wildfires, including a recent allocation of $500,000 for winter storm relief.
The Home Depot has opened three new distribution centers in South Florida, specifically in West Palm Beach, Miami, and Fort Myers, aimed at enhancing delivery services for Pro and DIY customers. A new 332,000-square-foot facility in Miami will handle oversized products. The company plans to add two more centers in Miami by 2022, leading to over 150 new job opportunities in the region. These expansions are part of Home Depot's ongoing $1.2 billion supply chain investment, which includes building approximately 150 new facilities nationwide.
The Home Depot has announced its commitment to $1 million for the 12th year of the Retool Your School program, supporting 30 campus improvement projects at Historically Black Colleges and Universities (HBCUs), marking the highest number of projects funded in a single year. Tougaloo College was awarded $120,000 for its Campaign of the Year. The virtual winners ceremony took place on April 14, 2021, hosted by Laz Alonso, and featured keynote speaker Ruth E. Carter. Since 2009, The Home Depot has invested over $4 million for improvements at 87% of U.S. HBCUs.
The Home Depot, the leading home improvement retailer, announced that Richard McPhail, CFO, will present at the J.P. Morgan 7th Annual Retail Round-Up Virtual Conference on April 15, 2021, at 1:10 p.m. ET. The event will be webcast live, with an archived version available post-event. With 2,298 stores across various locations and sales of $132.1 billion in fiscal 2020, The Home Depot employs approximately 500,000 associates. The stock is traded on NYSE as HD and is part of the Dow Jones Industrial Average.
The Home Depot partners with Habitat for Humanity to support community spring projects, donating over $200,000 in products. This initiative continues a decade-long collaboration that has seen over $24 million granted to Habitat's Repair Corps program since 2011. The first project will enhance the Female Veterans Village in Brevard County, Florida. The partnership aims to empower communities with tools and resources for local revitalization efforts. The Home Depot encourages everyone to engage in DIY projects this spring.
The Home Depot, the largest home improvement retailer globally, has launched a new range of cordless outdoor power equipment, enhancing its offerings for both DIY and professional customers. This new lineup includes products from brands like Ryobi, DeWalt, Makita, and Milwaukee, which emphasize ease of use and environmental benefits. Key products include the RYOBI 40-Volt HP Self-Propelled Mower and the DeWalt 20-Volt MAX Push Mower, among others. The equipment is designed to provide the power and runtime of gas machines without carbon emissions.
The Home Depot Foundation has committed up to $500,000 for relief efforts in response to the devastating winter storms, Uri and Viola. This brings the Foundation's total commitment for 2021 to $4.1 million, including annual grants of $3.6 million to disaster relief partners. The funds will assist with immediate needs like distributing water and essential supplies, as well as short-term recovery efforts. The Foundation collaborates with major nonprofits to address damage in affected areas, particularly in Texas, where it has established connections.
The Home Depot reported strong fourth quarter and fiscal 2020 results with sales reaching $32.3 billion, a 25.1% increase year-over-year. Net earnings rose to $2.9 billion or $2.65 per diluted share, reflecting a 16.2% increase. Fiscal 2020 sales hit $132.1 billion, up 19.9%, with comparable sales growth of 19.7%. The company announced a 10% increase in its quarterly dividend to $1.65 per share. However, due to ongoing uncertainty from the COVID-19 pandemic, The Home Depot did not provide fiscal 2021 guidance.
The Home Depot, the largest home improvement retailer globally, announced its participation in the Raymond James Virtual 42nd Annual Institutional Investors Conference. Ted Decker, president & COO, and Jeff Kinnaird, EVP of merchandising, will present on March 2, 2021, at 1:20 p.m. ET. The event will be webcast live, with an archive available until April 1, 2021. The company operates 2,296 stores across North America and reported $110.2 billion in sales and $11.2 billion in earnings for fiscal 2019. Home Depot's stock is traded on NYSE under the symbol HD.