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Get filing alertsRisk Profile Improvements
- Epa Consent Decree (removed) — EPA consent decree regarding lead-safe work practices and $1.5M in stipulated penalties disclosed in baseline but absent from current filing, suggesting either termination or determination that disclosure no longer required.
Home Depot Q1 sales up 4.8% on GMS acquisition; ROIC falls to 25.4% as buyback pause extends
Filed May 27, 2026 · Period ending May 3, 2026 · Compared to 10-Q May 28, 2025 · ~2 min read
Key Changes
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Return on invested capital dropped from 31.3% to 25.4%, driven by suspended share buybacks and debt from SRS acquisition. Company extended buyback pause through fiscal 2026 to prioritize debt reduction.
MD&A: ROIC and Capital Allocation verify on EDGAR → -
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GMS acquisition (closed Sept 2025) contributed $1.3B in Q1 sales but compressed gross margin 80 basis points to 33.0%, continuing pattern of lower-margin acquisitions diluting core profitability.
MD&A: Sales and Margins verify on EDGAR → -
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Supreme Court struck down IEEPA tariffs; company has not yet received or recorded material refunds as of May 3, though immaterial amounts received after quarter-end. Timing and total amount uncertain.
MD&A: Tariffs verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 27, 2026 · How we verify