Home Depot Scores Big With $18.25B SRS Acquisition, Boosts Addressable Market To $1T
Home Depot Scores Big With $18.25B SRS Acquisition, Boosts Addressable Market To $1T
The Home Depot, Inc. (NYSE:HD) disclosed a definitive agreement to acquire SRS Distribution Inc. for a total enterprise value (including net debt) of about $18.25 billion.
家得寶公司（紐約證券交易所代碼：HD）披露了收購SRS Distribution Inc.的最終協議，企業總價值（包括淨負債）約爲182.5億美元。
SRS's 2,500-plus professional sales force and 760-plus branch network across 47 states, together with its 4,000-plus truck fleet and jobsite delivery capabilities, will enable Home Depot to extend its offering to residential specialty trade pros.
SRS的2500多名專業銷售隊伍和遍佈47個州的760多個分支機構網絡，以及其4,000多輛卡車車隊和施工現場交付能力，將使家得寶能夠將其產品擴展到住宅專業人士。
SRS is expected to accelerate Home Depot's growth with the residential professional customer and aid it in better serving complex project purchase occasions with the renovator/remodeler.
預計SRS將加速Home Depot在住宅專業客戶中的增長，並幫助其更好地爲裝修/裝修商的複雜項目購買場合提供服務。
With this buyout, the company now sees its total addressable market stand at approximately $1 trillion, an increase of roughly $50 billion.
通過此次收購，該公司現在預計其潛在市場總額約爲1萬億美元，增長約500億美元。
Ted Decker, chair, president, and CEO, said, "SRS's branch network, coupled with The Home Depot's 2,000+ U.S. stores and distribution centers, comprehensive product offering, and extensive pro brands, provides the residential pro customer with more fulfillment and service options than ever before."
主席、總裁兼首席執行官泰德·德克爾表示：“SRS的分支網絡，加上家得寶在美國的2,000多家門店和配送中心、全面的產品供應和廣泛的專業品牌，爲住宅專業客戶提供了比以往更多的配送和服務選擇。”
Also Read: Home Depot Reaches New 52-Week High After Lowe's Q4 Success – Is It Time For Investors To Cash In?
另請閱讀：在Lowe第四季度取得成功之後，家得寶創下52周新高——現在是投資者套戥的時候了嗎？
This transaction is anticipated to be dilutive to Home Depot's GAAP EPS due to amortization expense but accretive from a cash EPS perspective in the first year, post-closure (excluding synergies).
由於攤銷支出，該交易預計將稀釋家得寶的GAAP每股收益，但從收盤後的第一年（不包括協同效應）的現金每股收益的角度來看，該交易將增加Home Depot的GAAP每股收益。
The company plans to fund the deal through cash on hand and debt. The acquisition is expected to close by the end of fiscal 2024, subject to customary closing conditions.
該公司計劃通過手頭現金和債務爲這筆交易提供資金。此次收購預計將在2024財年末完成，但須遵守慣例成交條件。
Home Depot held $3.76 billion in cash and equivalents as of January 28, 2024.
截至2024年1月28日，家得寶持有37.6億美元的現金及等價物。
Investors can gain exposure to the stock via IShares U.S. Consumer Focused ETF (BATS:IEDI) and VanEck Retail ETF (NASDAQ:RTH).
投資者可以通過iShares美國以消費者爲中心的ETF（BATS: IEDI）和VanEck零售ETF（納斯達克股票代碼：RTH）獲得股票敞口。
Price Action: HD shares are trading lower by 0.61% at $383.54 on the last check Thursday.
價格走勢：在週四的最後一次支票中，HD股價下跌0.61％，至383.54美元。
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照片來自 Shutterstock