Home Depot is a leading home improvement retailer offering a wide range of products and services to homeowners, contractors, and DIY enthusiasts. The company provides an extensive selection of building materials, home improvement supplies, and lawn and garden products, along with tools and appliances. Home Depot operates large retail stores and an online platform that allows customers to shop for their needs, access expert advice, and find inspiration for their home projects. Additionally, it offers various services, including installation, repair, and rental of tools and equipment, making it a one-stop destination for home renovation and improvement. Read More
While the macro environment is undoubtedly challenging, shares have been overly punished, said Needham, as customers in the U.S. become more cautious about their buying behaviour due to President Donald Trump’s tariffs.
Barclays, Baird, and Loop Capital have raised their price target on GMS to $110 as the deal with Home Depot gives the building products distributor a chance to revive earnings amid residential and commercial demand pressure
Shares of building materials distributor GMS (NYSE:GMS) jumped 11.7% in the afternoon session after the company announced it had agreed to be acquired by The Home Depot's subsidiary, SRS Distribution. The all-cash deal values the specialty building products distributor at $110.00 per share, for a total enterprise value of approximately $5.5 billion.
The Home Depot Inc. is acquiring GMS Inc. for $4.3B, expanding its reach in the pro contractor space and adding to its capabilities and service offerings.
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SKYX Platforms (NASDAQ: SKYX) will be added to the Russell 2000 Index after market close on June 27, 2025, as the company advances major smart home initiatives. SKYX will deploy over 500,000 units of its Plug & Play technologies—including its AI-powered platform—at Miami’s $3 billion Urban Smart Home City project. Backed by global manufacturers, the 63-acre development is led by SG Holdings and designed by Arquitectonica. SKYX also reported Q1 2025 revenue of $20.1 million, a 6.3% increase year-over-year, and secured $15 million in preferred stock funding from strategic investors including The Shaner Group. Product demand is rising ahead of its Winter 2025 launch of two All-In-One Smart Turbo Heater & Fan models. With partnerships spanning Home Depot, Wayfair, Cavco Homes, and lighting leaders like Kichler and EGLO, SKYX expects installations in over 30,000 homes by Q2 and tens of thousands more in the second half of 2025. Management reaffirms its goal of achieving cash-flow positivity this year.
There is an apparent bidding war to buy GMS Inc. Earlier this week, the company reported that it got an unsolicited proposal from QXO, Inc. – a rival building products distributor that went public in January. Home Depot has since entered the ring.
