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Home Depot Inc (HD)

HD on New York Consolidated

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23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Touchless Kitchen Faucets Recalled by Lota Due to Fire and Burn Hazards; Sold Exclusively at Home Depot Inc - CPSC
Wednesday, 9 Sep 2015 08:00pm EDT 

Home Depot Inc:The battery box used to power the faucet’s sensor can short circuit, overheat and/or melt, posing fire and burn hazards to consumers - CPSC.Says the recall is about 4,500 units - CPSC.This recall involves Glacier Bay and Schӧn brand touchless kitchen faucets that allow the user to waive a hand in front of a sensor to start and stop the flow of water, a pull-down sprayer head with a white LED light and a single handle to manually turn the water on and off - CPSC.The firm has received six reports of the faucet’s battery box overheating, melting and/or smoking, including one report of a fire in the box and one report of a burn to a consumer’s thumb - CPSC.Consumers should immediately unplug and remove batteries from the faucet’s battery box and contact Lota USA for a replacement battery box for the faucet - CPSC.  Full Article

The Home Depot declares second quarter dividend of 59 cents
Thursday, 20 Aug 2015 04:24pm EDT 

The Home Depot Inc:Payable on September 17, to shareholders of record on the close of business on September 3.  Full Article

Home Depot Inc raises FY 2015 guidance
Tuesday, 18 Aug 2015 06:00am EDT 

Home Depot Inc:Says based on its year-to-date performance and to reflect planned completion of acquisition of Interline Brands, the company raised its FY 2015 sales guidance.Expects sales will grow in a range of about 5.2 percent to 6.0 percent and comp sales will grow in a range of about 4.1 percent to 4.9 percent.Raised diluted earnings-per-share guidance for FY 2015 and now expects diluted earnings per share to grow in a range of about 13 percent to 14 percent from FY 2014 to $5.31 to $5.36.Reported revenue of $83.176 billion FY 2014.FY 2015 revenue of $87.023 billion and EPS of $5.27 - Thomson Reuters I/B/E/S.  Full Article

The Home Depot Inc to acquire Interline Brands
Wednesday, 22 Jul 2015 08:20am EDT 

The Home Depot Inc:The Home Depot announces agreement to acquire interline brands.Deal for $1.63 billion.Says transaction is expected to be accretive to the home depot's earnings in fiscal 2015.Says bill lennie, president, the Home Depot Canada, has been named EVP, outside sales and service.Says lennie will continue to lead the Home Depot Canada until a successor is named.Says home depot's financial advisor for this transaction is bofa Merrill Lynch.Will provide an update to its fiscal 2015 sales and diluted earnings-per-share growth guidance to include the impact of this transaction.Says acquisition has been approved by the shareholders of interline.Acquisition, which has been approved by shareholders of interline, expected to be completed during the home depot's fiscal third quarter.  Full Article

Home Depot Inc declares Q1 cash dividend
Thursday, 21 May 2015 04:38pm EDT 

Home Depot Inc:On May 21, declares Q1 cash dividend of $0.59 per share, payable June 18 to shareholders of record on June 4.  Full Article

Home Depot Inc raises FY 2015 guidance
Tuesday, 19 May 2015 06:00am EDT 

Home Depot Inc:Raises FY 2015 guidance.Raised FY 2015 sales guidance and now expects sales will be up about 4.2 pct to 4.8 pct and comp sales will be up about 4.0 pct to 4.6 pct.The Company also raised its diluted earnings-per-share guidance for FY 2015 and now expects diluted earnings per share to grow about 11 to 12 pct from fiscal 2014 to $5.24 to $5.27.Reports revenue of $83.2 billion in FY 2014.FY 2015 revenue of $86.841 bln and EPS of $5.23 - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Home Depot says became aware of EPA investigation into co's compliance with lead-safe work practices in Jan

* Home Depot - in Jan 2017, co became aware of investigation by EPA's criminal investigation division into co’s compliance with lead-safe work practices