Boosted by acquisitions in distribution, The
Home Depot, Atlanta, GA, had $81.5 billion in sales in 2005, an 11.5% increase
over fiscal year 2004. Comparable store sales grew 3.8%.
Home Depot Supply represented about 5%, or $4.08 billion, of Home Depot’s sales
in 2005. The supply division saw triple-digit growth in 2005, strengthening its
position in MRO, builder and professional supply platforms.
Acquisitions in the fourth quarter
of 2005 included:
Southwest Rebar, a rebar
fabricator and construction supply distributor with three locations in
Arizona. With Southwest Rebar,
White Cap Construction Supply now operates 103 branches in 23 states.
Traditional Floor Covering, a
flooring installer with four locations in Florida. With Traditional Floor Covering,
Creative Touch Interiors now operates 37 branches in 14 states and sells to 18
of the top 20 home builders.
Sesco/Quesco Electric Supply,
an 80-year old distributor of electrical supplies with four locations in
Toronto, Ontario. With Sesco/Quesco Electric Supply, the MRO companies operate
206 branches in 45 states and provinces in the United States and
January 2006, Home Depot announced its intent to acquire Hughes Supply, a $4.4
billion distributor of construction and repair products. Hughes Supply will more
than double the size of Home Depot Supply, with projected 2006 combined sales
approaching $12 billion. The acquisition is anticipated to close in
the fourth quarter of fiscal 2005, The Home Depot overall saw net earnings of
$1.3 billion, compared with net earnings of $1 billion reported for the same
period in fiscal 2004. Sales for the fourth quarter of fiscal 2005 totaled $19.5
billion, a 15.9% increase from the fourth quarter of fiscal 2004. Comparable
store sales for the fourth quarter of fiscal 2005 increased 5.5%.
fiscal 2005, HD had net earnings of $5.8 billion, compared with net earnings of
$5 billion in fiscal 2004.
end of fiscal 2005, The Home Depot reported total assets of $44 billion and a
return on invested capital of 22.4%, up 90 basis points from the prior
more on Home Depot’s 2005 and fourth quarter results.
href=”/stories/homedepot3602.html” target=_blank>What’s Home Depot’s
href=”/pub/1_1/breaking-news/2975-1.html” target=_blank>Home Depot Supply Aims for $23-$27B by 2010
Home Depot to Buy Hughes Supply for $3.4B
href=”/stories/hughes3521.html” target=_blank>Hughes and
href=”/issues/35_21/perspective/2880-1.html” target=_blank> Commentary: Rumor mill well fed with Hughes-Home Depot
href=”/pub/1_1/breaking-news/2890-1.html” target=_blank> Hughes Supply Profit Up 35% in 3Q
The Home Depot to Acquire National
href=”/issues/35_14/perspective/2746-1.html” target=_blank> Commentary: Home Depot points bigger guns at MRO
Commentary: Next Wave of Consolidation
Home Depot Subsidiary White Cap Acquires Greenwald
The Home Depot Canada to Acquire Litemor
The Home Depot to Acquire White Cap
Home Depot to Acquire Plumbing