Home Depot (HD) Buys SRS Distribution, Reaches $1 Trillion TAM [Yahoo! Finance]
Home Depot, Inc. (The) (HD)
Last home depot, inc. (the) earnings: 2/25 06:00 am
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Source: Yahoo! Finance
Per the acquisition pact signed on Mar 28, 2024, Home Depot bought the latter for an enterprise value of $18.25 billion, including net debt. The company funded the acquisition through cash on hand and debt. The acquisition is likely to expand Home Depot's total addressable market (“TAM”) to $1 trillion, marking an increase of $50 billion. The addition of SRS to HD's business is expected to accelerate growth of its Pro business, providing residential professional customers with more fulfillment and service options than before. SRS's outstanding customer service, capabilities and expertise rightly complement Home Depot's distribution capabilities. The union of the two companies is expected to enhance Home Depot's ability to serve the complex purchase occasion and establish it as a leading specialty trade distributor across multiple verticals. Shares of Home Depot rose 1.3% following the announcement of the SRS Distribution acquisition on Jun 18, 2024. Moreover, the Zacks Rank #3 (
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HD
Earnings
- 5/14/24 - Beat
HD
Sec Filings
- 6/27/24 - Form 11-K
- 6/27/24 - Form 11-K
- 6/27/24 - Form 8-K
- HD's page on the SEC website