Tag Archives: Frank Blake

Menear Tabbed as Home Depot CEO

Craig Menear

ATLANTA-Craig Menear, The Home Depot’s president of U.S. retail, will become president and CEO of the home-improvement retailer on Nov. 1. As CEO, Menear will succeed Frank Blake, who will remain chairman. He has also been elected to Home Depot’s board, effective immediately. Menear has been with Home Depot since 1997, and rose through theMore »

Last updated: August 22, 2014

Home Depot Posts 14.2 Percent Gain in Q2 Net

Home Depot

ATLANTA-A better sales performance and discipline in cost control brought The Home Depot a 14.2 percent increase in second-quarter net income, which totaled $2 billion. Net sales in the quarter, which ended on Aug. 3, were $23.8 billion, up 5.7 percent from last year’s second quarter, and including a pickup of 5.8 percent in same-storeMore »

Last updated: August 19, 2014

Home Depot Boosts Q1 Net 12.5 Percent

Home Depot

ATLANTA-With help from the sale of a portion of its equity ownership in HD Supply Holdings, The Home Depot realized a 12.5 percent gain in first-quarter net income, which totaled $1.4 billion. That sale resulted in an earnings benefit, net of tax, of $61 million. Net sales increased 2.9 percent to $19.7 billion in theMore »

Last updated: May 21, 2014

Home Depot Nominates Hewett for Board

Wayne Hewett

ATLANTA-Wayne Hewett, president and CEO of Arysta LifeScience Corp., has been nominated for election to The Home Depot’s board of directors. Hewett has been president and CEO of Arysta LifeScience since 2010. His career also includes more than 20 years with General Electric, serving in such posts as CEO of GE Advanced Materials, vice presidentMore »

Last updated: April 2, 2014

Home Depot Net Falls in Q4, Skies for Fiscal Year

Home Depot

ATLANTA-Although net income for the fourth quarter edged slightly downward, The Home Depot ended its fiscal year with an 18.7 percent gain in net income, to $5.4 billion. Net income for the quarter, which ended on Feb. 2, was $1 billion, down 0.8 percent. Net sales for the home-improvement retailer reached $78.8 billion for theMore »

Last updated: February 25, 2014

Home Depot Net Climbs 17.2 Percent in Q2

Home Deport

ATLANTA-In a second quarter that topped the company’s expectations, The Home Depot posted net income of $1.8 billion, 17.2 percent ahead of the second quarter of last year. A solid sales gain in the quarter, which ended on Aug. 4, helped the home-improvement giant to firm its bottom line. Net sales rose 9.5 percent toMore »

Last updated: August 20, 2013