ATLANTA - Kitchen remodeling, cabinetry and high ticket purchases helped Home Depot increase net earnings 12 percent. Sales were $20.6 billion for the period, up 1.7 percent; net earnings were $1.5 billion.
Analysts took results at the bell-weather remodeling and lumber supply firm as an indicator that consumers are comfortable spending on home interior improvement.
Home Depot is also in the process of acquiring the cabinetry and bathroom vanity manufacturer U.S. Home Systems, which provides cabinet refacing services and supply to most regions of Home Depot. Some shareholders are trying to block the deal between Home Depot and U.S>Home Systems.
U.S. Home Systems employs 1,000, and manufactures its own cabinet refacing materials and bathroom cabinetry. It holds an exclusive on providing kitchen and bath refacing products and services to Home Depot. U.S. home Systems also sells closet and garage organizational systems through the hardware, lumber and home improvement retail giant.
Home Depot also carries closets cabinetry and home storage solutions from Martha Stewart, Closet Maid.
Bill Esler, Associate Publisher/ Editor in Chief, Woodworking Network Bill is responsible for editing Custom Woodworking Business and coordinating all content for Wood & Wood Products , CLOSETS , Woodworkingnetwork.com and Closetsdaily.com, along with related newsletters. Bill’s expertise includes using innovative print manufacturing techniques to grow audience engagement, using textured offset, digital printing, purls, QR codes; and lead-generating webcasts, custom websites, and custom digital and print content.
Comments (0) Leave a comment