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0.000807891273471202 0.000560311689665442 0.000651525220541287 -0.00272337542186262 -0.00835255332733941 -0.0060722150554449 -0.00261913138657596 -0.00056031168966559
Stock impact report

Home Depot bulks up Pro-business with $18.25B deal for building products supplier SRS [FOX Business Network]

Home Depot, Inc. (The) (HD) 
Last home depot, inc. (the) earnings: 2/25 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.homedepot.com
Home Depot will buy building materials supplier SRS Distribution in an $18.25 billion deal, in the top U.S. home improvement chain's largest deal as it looks to broaden its professional customer base to better tackle tepid demand. The company and rival Lowe's Cos. have projected a slower recovery this year as U.S. consumers pause big home remodeling and renovation projects due to sticky inflation. This has put pressure on the Do-It-Yourself (DIY) segment, which makes up about half of Home Depot's business, and the company has sharpened its focus on "Pro-customers" such as professional builders, contractors, handymen to drive sales. Ticker Security Last Change Change % HD THE HOME DEPOT INC. LOW LOWE'S COMPANIES INC. Powered By Thursday's deal will expand Home Depot's total potential market by about $50 billion to roughly $1 trillion, the company said. In 2020, Home Depot had bought back industrial materials wholesaler HD Supply Holdings in an $8 billion deal Show less Read more
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