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HOME DEPOT (THE)

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Supplier Spotlight: From Rugs to Riches with Nance Industries

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01/08/2019 | 12:39pm EDT

January 08, 2019

'When I first started, I never dreamed of all this,' says Carol Nance, founder and CEO of Nance Industries.

Nance Industries started in 1972 as a small carpet and rug company and has grown into a five-plant operation in Calhoun, Georgia, just north of Atlanta. It offers flooring and services to major home centers and retailers by manufacturing a variety of products including area rugs, carpet tiles, luxury vinyl plank, wall décor and stair treads.

Nance has the best-selling carpet tile at The Home Depot, offered both in stores and online. Products like Versatile are affordable and easy to install with a simple, peel and stick application. It comes in a variety of colors and is ideal for residential and commercial areas.

'A lot of the things we do are assembly line, but a lot of things are not, like the custom rug program. It's one of a kind,' says Carol. Under the Custom Rug Program, any Nance carpet product in a store can be customized to any size and shipped directly to the customer.

'This business is so labor intensive, the machinery, the automatic roll-ups, and all of the automatic belts that go into shipping the rugs. We're still buying more and more machinery to meet the demand,' Carol explains.

As the largest woman-owned flooring business in the United States, Carol's more than 45 years in business has paid off. 'I serve on three charitable boards, and I wouldn't be able to do that without what little success I have and that's what's important,' says Carol.

Disclaimer

The Home Depot Inc. published this content on 08 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 January 2019 16:38:02 UTC

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Financials ($)
Sales 2020 112 B
EBIT 2020 16 094 M
Net income 2020 11 136 M
Debt 2020 26 578 M
Yield 2020 2,77%
P/E ratio 2020 18,67
P/E ratio 2021 17,12
EV / Sales 2020 2,15x
EV / Sales 2021 2,05x
Capitalization 213 B
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Technical analysis trends HOME DEPOT (THE)
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 202 $
Spread / Average Target 6,8%
EPS Revisions
Managers
NameTitle
Craig A. Menear Chairman, President & Chief Executive Officer
Carol B. Tomé Chief Financial Officer & EVP-Corporate Services
Matthew A. Carey Chief Information Officer & Executive VP
Gregory D. Brenneman Lead Independent Director
Armando M. Codina Independent Director
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