Market Movers

Home Depot’s profit surges 32 percent

Home Depot said it will boost its dividend 34 percent.

Matt Campbell/EPA

Home Depot said it will boost its dividend 34 percent.

Quarterly net income at Home Depot, the biggest US home improvement chain, surged 32 percent to $1.02 billion, beating expectations. Full-year net income rose 17 percent, to $4.54 billion. The results were helped by strong US sales and the Hurricane Sandy cleanup. Rival Lowe’s Cos. on Monday also beat profit estimates — more evidence of a housing market recovery. Home Depot said that its results were strong across the country — even in places not hurt by the storm.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of