Aire Radio Networks launches the syndication of “Al Aire con El Terrible” morning show with Alberto Cortez

August 14, 2018

MIAMI, Aug. 14, 2018 /PRNewswire-HISPANIC PR WIRE/ — AIRE Radio Networks, the largest minority certified Spanish Language radio network in the country and the official radio network of Spanish Broadcasting System, Inc. (“SBS”) (OTCQB: SBSAA), announced today the launch of its syndication for the highly rated morning program “Al Aire Con El Terrible”.

“Amplifying our portfolio with compelling and engaging programming that are relatable to the lifestyle and interests of all U.S. Hispanic consumers is the core of our business,” said Elisa Torres, EVP, National and Network. “Al Aire Con El Terrible” has been a success in major Hispanic markets with dense Mexican populations. We’re excited to broaden the reach of the immersive content of the show to other communities that share the same interests.”

“Al Aire Con El Terrible” morning show can be heard on SBS owned and operated radio stations such as 97.9FM La Raza KLAX Los Angeles, 93.3FM La Raza KRZZ San Francisco/San Jose and La Ley 107.9FM WLEY Chicago. The show is continuing to expand its footprint and is available nationwide airing on stations in various cities throughout the country such as Kentucky, Memphis and Tyler amongst others.

The program, which is pioneered by one of the most influential and popular Latin radio personalities, Alberto “El Terrible” Cortez, includes a variety of segments that connect with Hispanic consumers such as community highlights, international news, celebrity gossip and jokes making it a staple within the morning drive.

“Al Aire Con El Terrible” is currently ranked in the Top 5 for HA18-49 M-F 6a-10a in Los Angeles, San Francisco and Chicago.

For all syndication inquiries and details, contact Blanca Navas, Vice President, Affiliate Sales at [email protected].

Source: Nielsen Radio, Los Angeles, San Francisco and Chicago, May 18; Metro; M-F 6a-10a

About Terry “El Terrible” Cortez

Alberto “El Terrible” Cortez has been in the entertainment business for years inspiring the U.S. Hispanic community to grow personally and professionally. Well known for speaking about topics that matter the most, even when nobody wants to talk about them, “El Terrible” thrives on bringing out the best of in his listeners. Cortez is innovating, funny and is also known for his originality. When “El Terrible” is not busy being hosting “Al Aire con El Terrible”, he enjoys spending time with his family, soccer and local wrestling.

Follow AIRE Radio Networks on Social Media:

facebook.com/AireRadioNetworks
twitter.com/AireRadioNet
www.aireradionetworks.com
http://www.spanishbroadcasting.com/brands-businesses/radio-stations/aire-network/aire-radio-networks

About Spanish Broadcasting System, Inc. and AIRE Radio Networks

Spanish Broadcasting System, Inc. is a leading Hispanic media company that owns and operates 17 radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Spanish Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Latin Rhythmic format genres. SBS also operates AIRE Radio Networks, a national radio platform which creates, distributes and markets leading Spanish-language radio programming to over 235 affiliated stations reaching 94% of the U.S. Hispanic audience. SBS also owns MegaTV, a television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico. SBS also produces live concerts and events and owns multiple bilingual websites, including www.LaMusica.com, an online destination and mobile app providing content related to Latin music, entertainment, news and culture. For more information, visit us online at www.spanishbroadcasting.com.

For all syndication inquiries and details AIRE Radio Networks:

Blanca Navas
Vice President, Affiliate Sales
[email protected]

Media Contact SBS/AIRE Radio Networks:

Vladimir Gomez
Vice President, Corporate Communications
[email protected]
(786) 470-1644

Photo – https://mma.prnewswire.com/media/730596/Spanish_Broadcasting_System___el___terrible.jpg
Logo – https://mma.prnewswire.com/media/460768/spanish_broadcasting_system_inc__logo.jpg

SOURCE Spanish Broadcasting System, Inc. (SBS)/ AIRE Radio Networks

(Español) Faltan muy pocos días para el inicio de la gira más esperada #DesdeElAlmaTour con el renombrado artista internacional Chayanne®

August 14, 2018

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Faltan muy pocos días para el inicio de la gira más esperada #DesdeElAlmaTour con el renombrado artista internacional Chayanne®

Sorry, this entry is only available in Español.

2019 Acura RDX: America’s Best-Selling Compact Luxury SUV Earns Highest Possible 2018 Safety Award from IIHS

August 14, 2018

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2019 Acura RDX: America’s Best-Selling Compact Luxury SUV Earns Highest Possible 2018 Safety Award from IIHS

TORRANCE, California, Aug. 14, 2018 /PRNewswire/ — The 2019 Acura RDX has earned the highest possible award and safety ratings of any vehicle in its class from the Insurance Institute for Highway Safety (IIHS). The 2019 RDX qualified for TOP SAFETY PICK+ thanks to a top rating of “GOOD” in all crashworthiness tests, standard AcuraWatch™ active safety technology that earns a superior rating, and available good-rated headlights. The all-new RDX went on-sale June 1, recording back-to-back monthly sales records in June and July to take the lead as America’s #1 retail-selling compact luxury SUV for 2018¹.

According to the IIHS, “The 2019 Acura RDX excelled in our six crashworthiness evaluations, including the roof strength test. Our testing apparatus applied over 21,000 lbs of force to the RDX’s roof before it crushed 5 inches. That’s more than 5 times the weight of the vehicle.”

“The 2019 Acura RDX offers the highest level of standard safety and driver-assistance features in its class, so earning class-leading safety ratings is a strong proof point of the technology and design innovation we’re bringing to the game,” said Jon Ikeda, Acura vice president & general manager.

Developed by the company’s U.S. R&D team, the 2019 RDX has the newest generation of Acura’s Advanced Compatibility Engineering™ (ACE™) body structure, new high-strength steel door stiffener rings, and for the first time, eight airbags, including new driver and front-passenger knee airbags.

Furthermore, RDX features the AcuraWatch suite of safety and driver-assisitive technologies as standard equipment, including Collision Mitigation Braking System™ (CMBS™), Adaptive Cruise Control with Low-Speed Follow, and Road Departure Mitigation. RDX also features Acura JewelEye™ LED headlights to help achieve its best-in-class ratings.

To earn the 2018 TOP SAFETY PICK+ award, a vehicle must earn good ratings in the driver-side small overlap front, moderate overlap front, side, roof strength and head restraint tests and an acceptable or good rating in the passenger-side small overlap test. It also needs available front crash prevention that earns an advanced or superior rating and available good-rated headlights. The RDX’s base headlights are rated good. The curve-adaptive headlights equipped with the Advance trim are rated acceptable.

2019 Acura RDX

Debuting the next-generation of Acura design, performance and technology, and the model’s first-ever A-Spec variant, the all-new 2019 Acura RDX went on-sale June 1 at Acura dealerships nationwide with a class-leading array of premium features and technologies and a Manufacturer’s Suggested Retail Price (MSRP^ⁱ) starting at $37,300 (excluding $995 destination and handling).

The 2019 RDX is built on an all-new, Acura-exclusive body and chassis architecture and incorporates a host of new premium features and technologies, including Acura’s True Touchpad^® Interface (standard), an ultra-wide panoramic moonroof (standard), Acura ELS Studio 3D™ premium audio, and next-generation Acura sport seats with up to 16-way power adjustment.

The all-new RDX is powered by a direct-injected and turbocharged 2.0-liter, 16-valve powerplant with DOHC VTEC^® valvetrain mated to the segment’s only 10-speed automatic transmission (10AT). Peak output of 272 horsepower (SAE net) and 280 lb.-ft. of torque (SAE net) bests RDX’s key competitors and delivers 40 percent more low-end torque than the outgoing 3.5L V6 for powerful acceleration.

The 2019 Acura RDX is the first RDX to be designed and developed in America. Like its predecessor, the new RDX is manufactured in East Liberty, Ohio, using domestic and globally sourced parts, with the powertrain produced at the company’s plants in Ohio and Georgia.

About Acura
Acura is a leading automotive luxury nameplate that delivers Precision Crafted Performance, representing the original values of the Acura brand – a commitment to evocative styling, high performance and innovative engineering, all built on a foundation of quality and reliability.

The Acura lineup features six distinctive models – the RLX premium, luxury sedan, the TLX performance luxury sedan, the ILX sport sedan, the 5-passenger RDX luxury crossover SUV, the seven-passenger Acura MDX, America’s all-time best-selling three-row luxury SUV and the next-generation, electrified NSX supercar as a new and pinnacle expression of Acura Precision Crafted Performance.

Five of the six models in the Acura lineup are made exclusively in central Ohio using domestic and globally sourced parts, including the ILX and TLX luxury sports sedans (Marysville Auto Plant), the RDX and MDX luxury SUVs (East Liberty Auto Plant) and the Acura NSX supercar, which is built to order at the Performance Manufacturing Center in Marysville, Ohio.

For More Information
Additional media information including pricing, features and high-resolution photography is available at AcuraNews.com. Consumer information is available at Acura.com. Follow Acura on social media at Acura.us/SocialChannels.

¹Based on Urban Science retail sales data 2018CYTD July.

ⁱManufacturer’s Suggested Retail Price (MSRP) excluding tax, license, registration, $995 destination charge and options. Dealer prices may vary.

Photo – https://mma.prnewswire.com/media/730164/2019_Acura_RDX.jpg
Video – https://mma.prnewswire.com/media/730173/RDXCrashTest.mp4
Logo – https://mma.prnewswire.com/media/458749/acura_logo.jpg

SOURCE Acura

Miami Art Week Welcomes MUSE Modern & Contemporary Art Fair

August 14, 2018

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MIAMI, Aug. 13, 2018 /PRNewswire-HISPANIC PR WIRE/ — This year, Miami Art Week welcomes an art fair with a different offering. MUSE Modern & Contemporary Art Fair is an exciting new alternative that embraces and showcases a curated selection of pieces by emerging, and established artists that speak to the plight and triumphs as experienced by people of color. MUSE is the celebration of these artists’ visual stories through various mediums. The fair will take place from December 4-9, 2018 at the Hampton Inn, located at 1700 Collins Avenue, only steps away from ArtBasel the Miami Beach Convention Center.

Throughout the years, ArtBasel Miami Beach and Miami Art Week have attracted over 100,000 global spectators annually to the stunning sand and surf on Miami Beach. MUSE will be a stylish, unique and welcoming fair that will encompass a selected cross section of artists, galleries, and collectives distributed throughout 4000 square feet of exhibition space. MUSE will feature an eclectic mix of paintings, photographs, and sculptures from Hispanic, Caribbean, and African American artists from throughout the US and abroad. Attendees will be privy to an array of artwork, installations, panels, and events that celebrate the differences and similarities among Black, multi-ethnic, and women artists.

MUSE was founded by arts champion and enthusiast Que Simmons, who was always interested in “what lies beyond the piece.” She defines art as any piece that is not only aesthetically pleasing, but also has the ability to grab your attention, spark an emotional connection, and be thought provoking. Que always wanted to focus on “artists of color” and “cultural diversity” art. From 2012 – 2015, she organized and curated the Celebrity Art Series (CAS), which took place in several notable venues in South Florida, such as LMNT, KROMA, and CocoWalk.

“We are very excited to be part of Miami Art Week this year. We will be featuring a wonderful collection of art from both emerging and established artists that represent the outstanding talent of our diverse global community,” explained Muse’s founder Que Simmons. “We also want to make sure, we offer fabulous works of art for the new and experienced collector.”

The exhibition will be open to the public daily 11-am to 8pm. For more information on MUSE and how to become involved please visit: www.museartfair.com.

SOURCE MUSE Modern and Contemporary Art Fair

McDonald’s and Franchisees Investing Approximately $186 Million in Florida To Modernize More Than 240 Local Restaurants in 2018 & 2019

August 14, 2018

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MIAMI, Aug. 14, 2018 /PRNewswire-HISPANIC PR WIRE/ — Today, McDonald’s announced that the company and its franchisees are investing approximately $186 million in Florida throughout 2018 and 2019 on the construction and modernization of 240 McDonald’s restaurants, transforming the customer experience inside and outside the restaurant. In total, McDonald’s and franchisees are investing $6 billion to modernize most U.S. restaurants by 2020, including most restaurants in Florida.

With this significant construction investment, the transformed restaurants will feature:

Modernized dining rooms with globally and locally inspired décor, new furniture and refreshed exterior designs
Enhanced customer experience with digital self-order kiosks that make ordering and paying for a meal easier. Kiosks empower guests to browse the menu, find options and tailor their meal just the way they want.
Remodeled counters allow for new table service that offers guests the opportunity to relax while their food is being made
Bright and easy to read digital menu boards inside and at the drive through
New designated parking spots for curbside pick-up through mobile order and pay
Expanded McCafé counters and larger display cases

“This is an exciting time for McDonald’s and we’re proud to be investing nearly $186 Million to provide a new experience, look and feel for guests at 240 McDonald’s locations across Florida,” said McDonald’s Owner/Operator Anthony Lopez. “We are also pleased that our modernization supports local architecture, engineering and construction jobs across the great state of Florida.”

“McDonald’s is an important local business and provider in the community,” said Senator Travis Huston, Chairman of Regulated Industries Committee. “McDonald’s is helping create and sustain local jobs not only in the restaurant but also through its construction and modernization, and that helps support the local families they serve.”

In addition to the investments to modernize the restaurant, McDonald’s has also introduced McDelivery with Uber Eats at more than 5,000 US restaurants.

About McDonald’s USA
McDonald’s USA, LLC, serves a variety of menu options made with quality ingredients to more than 25 million customers every day. Recently the company committed $150 million over five years to extend benefits of its global Archways to Opportunity education program, announced goals to improve its packaging and have recycling in all of its restaurants by 2025 and pledged to reduce greenhouse gas emissions related to McDonald’s restaurants and offices by 36% by 2030. For more information, visit www.mcdonalds.com, or follow us on Twitter @McDonalds and Facebook www.facebook.com/mcdonaldsUS.

SOURCE McDonald’s

The Home Depot Announces Second Quarter Results; Updates Fiscal Year 2018 Guidance

August 14, 2018

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ATLANTA, Aug. 14, 2018 /PRNewswire-HISPANIC PR WIRE/ — The Home Depot^®, the world’s largest home improvement retailer, today reported sales of $30.5 billion for the second quarter of fiscal 2018, an 8.4 percent increase from the second quarter of fiscal 2017. Comparable sales for the second quarter of fiscal 2018 were positive 8.0 percent, and comp sales in the U.S. were positive 8.1 percent.

Net earnings for the second quarter of fiscal 2018 were $3.5 billion, or $3.05 per diluted share, compared with net earnings of $2.7 billion, or $2.25 per diluted share, in the same period of fiscal 2017. For the second quarter of fiscal 2018, diluted earnings per share increased 35.6 percent from the same period in the prior year.

“We were very pleased with our record second quarter sales and earnings. Not only did our seasonal business rebound from the first quarter, but our overall results exceeded our expectations,” said Craig Menear, chairman, CEO and president. “These results exemplify the outstanding execution of our combined team of store associates, merchants, suppliers and supply chain.”

Updated Fiscal 2018 Guidance

Based on its year-to-date performance, the Company updated its fiscal 2018 sales growth guidance and now expects sales will be up approximately 7.0 percent including the 53^rd week, with comp sales growth of approximately 5.3 percent for the comparable 52-week period. The Company also raised its diluted earnings-per-share growth guidance for the year and now expects diluted earnings-per-share growth of approximately 29.2 percent from fiscal 2017 to $9.42. The Company’s diluted earnings-per-share growth guidance includes $6 billion of share repurchases for fiscal 2018.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at http://ir.homedepot.com/events-and-presentations.

Recent Accounting Pronouncement – Revenue Recognition

During the first quarter of fiscal 2018, the Company adopted ASU No. 2014-09, which pertains to revenue recognition. The adoption of this standard will not materially impact the Company’s consolidated financial statements or related disclosures.

The Company has adopted this standard on a modified retrospective basis. In accordance therewith, financial information prior to fiscal 2018 will not be recast. The consolidated statements of earnings and balance sheet for periods and dates subsequent to fiscal 2017 reflect the effect of this accounting policy adoption.

Additional information about the impact of the adoption of ASU No. 2014-09 is available at http://ir.homedepot.com/financial-reports/quarterly-earnings/2018.

At the end of the second quarter, the Company operated a total of 2,286 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

###

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable sales; effects of competition; implementation of store, interconnected retail, supply chain and technology initiatives; issues related to the payment methods we accept; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; management of relationships with our suppliers and vendors; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims and litigation; the effect of accounting charges; the effect of adopting certain accounting standards; the impact of the Tax Cuts and Jobs Act of 2017; store openings and closures; guidance for fiscal 2018 and beyond; financial outlook; and the integration of acquired companies into our organization and the ability to recognize the anticipated synergies and benefits of those acquisitions. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 28, 2018 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

THE HOME DEPOT, INC. CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited)

	Three Months Ended						Six Months Ended
in millions, except per share data	July 29, 2018		July 30, 2017		% Change		July 29, 2018		July 30, 2017		% Change
Net sales	$	30,463	$	28,108	8.4	%	$	55,410	$	51,995	6.6	%
Cost of sales	20,098		18,647		7.8		36,428		34,380		6.0
Gross profit	10,365		9,461		9.6		18,982		17,615		7.8
Operating expenses:
Selling, general and administrative	5,004		4,549		10.0		9,783		8,910		9.8
Depreciation and amortization	460		449		2.4		917		893		2.7
Total operating expenses	5,464		4,998		9.3		10,700		9,803		9.2
Operating income	4,901		4,463		9.8		8,282		7,812		6.0
Interest and other (income) expense:
Interest and investment income	(26)		(16)		62.5		(48)		(29)		65.5
Interest expense	272		265		2.6		533		519		2.7
Interest and other, net	246		249		(1.2)		485		490		(1.0)
Earnings before provision for income taxes	4,655		4,214		10.5		7,797		7,322		6.5
Provision for income taxes	1,149		1,542		(25.5)		1,887		2,636		(28.4)
Net earnings	$	3,506	$	2,672	31.2	%	$	5,910	$	4,686	26.1	%

Basic weighted average common shares	1,144		1,183		(3.3)	%	1,148		1,191		(3.6)	%
Basic earnings per share	$	3.06	$	2.26	35.4		$	5.15	$	3.93	31.0

Diluted weighted average common shares	1,149		1,189		(3.4)	%	1,154		1,197		(3.6)	%
Diluted earnings per share	$	3.05	$	2.25	35.6		$	5.12	$	3.91	30.9

	Three Months Ended						Six Months Ended
Selected Sales Data ⁽¹⁾	July 29, 2018		July 30, 2017		% Change		July 29, 2018		July 30, 2017		% Change
Customer transactions (in millions)	455.4		441.8		3.1	%	831.2		822.6		1.1	%
Average ticket	$	66.20	$	63.05	5.0		$	66.12	$	62.74	5.4
Sales per square foot	504.20		464.38		8.6		458.07		429.17		6.7
—————
(1) Selected Sales Data does not include results for Interline Brands, Inc., which was acquired in fiscal 2015.

THE HOME DEPOT, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

*in millions*	July 29, 2018		July 30, 2017		January 28, 2018
Assets
Cash and cash equivalents	$	3,490	$	4,830	$	3,595
Receivables, net	2,164		2,187		1,952
Merchandise inventories	14,044		12,868		12,748
Other current assets	1,104		626		638
Total current assets	20,802		20,511		18,933
Net property and equipment	21,909		22,035		22,075
Goodwill	2,251		2,235		2,275
Other assets	1,270		1,178		1,246
Total assets	$	46,232	$	45,959	$	44,529

Liabilities and Stockholders’ Equity
Short-term debt	$	—	$	—	$	1,559
Accounts payable	9,407		8,541		7,244
Accrued salaries and related expenses	1,535		1,503		1,640
Current installments of long-term debt	2,203		545		1,202
Other current liabilities	5,281		5,234		4,549
Total current liabilities	18,426		15,823		16,194
Long-term debt, excluding current installments	23,295		24,422		24,267
Other liabilities	2,502		2,160		2,614
Total liabilities	44,223		42,405		43,075
Total stockholders’ equity	2,009		3,554		1,454
Total liabilities and stockholders’ equity	$	46,232	$	45,959	$	44,529

THE HOME DEPOT, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

	Six Months Ended
*in millions*	July 29, 2018		July 30, 2017
Cash Flows from Operating Activities:
Net earnings	$	5,910	$	4,686
Reconciliation of net earnings to net cash provided by operating activities:
Depreciation and amortization	1,062		1,015
Stock-based compensation expense	234		148
Changes in working capital and other, net of acquisition effects	791		2,013
Net cash provided by operating activities	7,997		7,862

Cash Flows from Investing Activities:
Capital expenditures, net of non-cash capital expenditures	(1,091)		(846)
Payments for business acquired, net	—		(268)
Proceeds from sales of property and equipment	16		23
Net cash used in investing activities	(1,075)		(1,091)

Cash Flows from Financing Activities:
Repayments of short-term debt, net	(1,559)		(710)
Proceeds from long-term debt, net of discounts	—		1,994
Repayments of long-term debt	(28)		(21)
Repurchases of common stock	(3,121)		(3,921)
Proceeds from sales of common stock	35		137
Cash dividends	(2,373)		(2,130)
Other financing activities	142		2
Net cash used in financing activities	(6,904)		(4,649)
Change in cash and cash equivalents	18		2,122
Effect of exchange rate changes on cash and cash equivalents	(123)		170
Cash and cash equivalents at beginning of period	3,595		2,538
Cash and cash equivalents at end of period	$	3,490	$	4,830

THE HOME DEPOT, INC. ASU NO. 2014-09 IMPACT OF ADOPTION (Unaudited)

The Company adopted ASU No. 2014-09, which pertains to revenue recognition, in the first quarter of fiscal 2018. The following table shows the impact of adopting ASU No. 2014-09 on the consolidated statement of earnings for the three and six month periods ended July 29, 2018. The implementation of this accounting standard resulted in an increase in net sales, gross profit, selling, general and administrative, and total operating expenses and a decrease in cost of sales. There was no impact on operating income, net earnings, or earnings per share.

	Three Months Ended July 29, 2018
*in millions*	As Reported		*% of* *Net Sales*		ASU No. 2014-09 Impact		Excluding ASU No. 2014-09 Impact		*% of* *Net Sales*
Net sales	$	30,463	100.0	%	$	33	$	30,430	100.0	%
Cost of sales	20,098		66.0		(119)		20,217		66.4
Gross profit	10,365		34.0		152		10,213		33.6
Selling, general and administrative	5,004		16.4		152		4,852		15.9
Total operating expenses	5,464		17.9		152		5,312		17.5


	Six Months Ended July 29, 2018
*in millions*	As Reported		*% of* *Net Sales*		ASU No. 2014-09 Impact		Excluding ASU No. 2014-09 Impact		*% of* *Net Sales*
Net sales	$	55,410	100.0	%	$	66	$	55,344	100.0	%
Cost of sales	36,428		65.7		(217)		36,645		66.2
Gross profit	18,982		34.3		283		18,699		33.8
Selling, general and administrative	9,783		17.7		283		9,500		17.2
Total operating expenses	10,700		19.3		283		10,417		18.8

THE HOME DEPOT, INC. ASU NO. 2014-09 IMPACT OF ADOPTION (Unaudited)

The Company adopted ASU No. 2014-09, which pertains to revenue recognition, in the first quarter of fiscal 2018. The following table shows the impact of adopting ASU No. 2014-09 on the consolidated balance sheet as of July 29, 2018.

	July 29, 2018
*in millions*	As Reported		ASU No. 2014-09 Effect		Excluding ASU No. 2014-09 Effect
Assets
Receivables, net	$	2,164	$	(46)	$	2,210
Other current assets	1,104		272		832
Total current assets	20,802		226		20,576
Total assets	46,232		226		46,006

Liabilities and Stockholders’ Equity
Other current liabilities	$	5,281	$	127	$	5,154
Total current liabilities	18,426		127		18,299
Other liabilities	2,502		24		2,478
Total liabilities	44,223		151		44,072
Total stockholders’ equity	2,009		75		1,934
Total liabilities and stockholders’ equity	46,232		226		46,006

THE HOME DEPOT, INC. PRO FORMA EFFECT OF ASU NO. 2014-09 (Unaudited)

The Company adopted ASU No. 2014-09, which pertains to revenue recognition, in the first quarter of fiscal 2018 using the modified retrospective method. In accordance therewith, financial information prior to fiscal 2018 will not be recast as the modified retrospective method does not permit recasting pre-adoption financial information. The following tables present selected as-reported financial results and the pro forma effect of ASU No. 2014-09 as if the recognition and presentation guidance in the accounting standard had been applied in fiscal 2017. There was no impact on operating income, net earnings, or earnings per share. The fiscal 2017 pro forma financial information included in the tables below is presented for informational purposes only.

	Three Months Ended April 30, 2017
*in millions*	As Reported		*% of* *Net Sales*		ASU No. 2014-09 Effect		Including ASU No. 2014-09 Effect		*% of* *Net Sales*
Net sales	$	23,887	100.0	%	$	48	$	23,935	100.0	%
Cost of sales	15,733		65.9		(90)		15,643		65.4
Gross profit	8,154		34.1		138		8,292		34.6
Selling, general and administrative	4,361		18.3		138		4,499		18.8
Total operating expenses	4,805		20.1		138		4,943		20.7


	Three Months Ended July 30, 2017
*in millions*	As Reported		*% of* *Net Sales*		ASU No. 2014-09 Effect		Including ASU No. 2014-09 Effect		*% of* *Net Sales*
Net sales	$	28,108	100.0	%	$	33	$	28,141	100.0	%
Cost of sales	18,647		66.3		(114)		18,533		65.9
Gross profit	9,461		33.7		147		9,608		34.1
Selling, general and administrative	4,549		16.2		147		4,696		16.7
Total operating expenses	4,998		17.8		147		5,145		18.3


	Three Months Ended October 29, 2017
*in millions*	As Reported		*% of* *Net Sales*		ASU No. 2014-09 Effect		Including ASU No. 2014-09 Effect		*% of* *Net Sales*
Net sales	$	25,026	100.0	%	$	44	$	25,070	100.0	%
Cost of sales	16,378		65.4		(85)		16,293		65.0
Gross profit	8,648		34.6		129		8,777		35.0
Selling, general and administrative	4,514		18.0		129		4,643		18.5
Total operating expenses	4,968		19.9		129		5,097		20.3


	Three Months Ended January 28, 2018
*in millions*	As Reported		*% of* *Net Sales*		ASU No. 2014-09 Effect		Including ASU No. 2014-09 Effect		*% of* *Net Sales*
Net sales	$	23,883	100.0	%	$	41	$	23,924	100.0	%
Cost of sales	15,790		66.1		(85)		15,705		65.6
Gross profit	8,093		33.9		126		8,219		34.4
Selling, general and administrative	4,440		18.6		126		4,566		19.1
Total operating expenses	4,904		20.5		126		5,030		21.0


	Fiscal Year Ended January 28, 2018
*in millions*	As Reported		*% of* *Net Sales*		ASU No. 2014-09 Effect		Including ASU No. 2014-09 Effect		*% of* *Net Sales*
Net sales	$	100,904	100.0	%	$	166	$	101,070	100.0	%
Cost of sales	66,548		66.0		(374)		66,174		65.5
Gross profit	34,356		34.0		540		34,896		34.5
Selling, general and administrative	17,864		17.7		540		18,404		18.2
Total operating expenses	19,675		19.5		540		20,215		20.0

Logo – https://mma.prnewswire.com/media/118058/the_home_depot_logo.jpg

SOURCE The Home Depot

California Dental Group of Brea Hosts FREE Dental Day

August 13, 2018

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BREA, California, Aug. 13, 2018 /PRNewswire-HISPANIC PR WIRE/ — Morgan Dental Corporation, doing business as California Dental Group of Brea is hosting a FREE Dental Care Day at their office located at 2820 E Imperial Highway, Brea CA 92821. Owner and Chief Executive Officer, Jason Morgan announced the FREE Dental Day saying, “Morgan Dental Group has been a leading dental provider in and around Orange County for the better part of 20 years. Starting with our Brea location, we will pick a day each year when our offices, providers and staff will give back to the community by providing FREE dental exams, x-rays, oral cancer screening and orthodontia evaluations to improve the oral health and smiles for those who miss out on regular oral health screenings!”

California Dental Group of Brea has chosen August 18, 2018 as their FREE Dental Day from 7:30am – 7:30pm. “Our team is prepared for a wonderful day of community service,” said Fred Medina, Office Manager, “We will be open for 12 hours, so we can see as many patients as possible.”

Dr. Tamer Elnagger, Dr. Jason Morgan, Dr. Yong Soo Chang and Dr. Dina Mattar will be ready to see patients from 7:30am to 7:30 pm to provide the following services for FREE: Dental exams, x-rays, oral cancer screening, basic cleaning and simple tooth extractions. Patients who need additional treatment will receive substantial discounts.

Dr. Luis Pinto will be available from 3pm to 7:30pm to do complete orthodontia evaluations. Adolescents and adults who qualify will be able to get their braces and treatment for 50% off!

California Dental Group of Brea is the dental team trusted by the residents of Brea, Fullerton, Placentia, and Yorba Linda to handle their comprehensive oral health and cosmetic dentistry. For more information about FREE Dental Day, go to www.FREEDentalDay.info. Participants can register their mobile phone number or email to register for priority placement.

Morgan Dental accepts most HMO and PPO insurance and NOW ACCEPTS DENTI-CAL.

Contact: Shawn Bailey, Morgan Dental Corp
Phone: 208-576-9190
Email: [email protected]

SOURCE Morgan Dental Corp.

U.S. Congressman Jodey Arrington Recipient of 2018 Wind Leadership Award from Tri Global Energy

August 13, 2018

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U.S. Rep. Jodey Arrington (R-TX) (l) and Tri Global Energy CEO John Billingsley (r)

DALLAS, Aug. 13, 2018 /PRNewswire-HISPANIC PR WIRE/ — U.S. Congressman Jodey Arrington (R–TX 19th District) is the 2018 recipient of the first Tri Global Energy Wind Leadership Award, recognizing commitment to wind development and to the people who rely on wind farms to support their families and communities.

“I am honored to receive this award,” said Congressman Arrington. “West Texas is the food, fuel and fiber capital of our nation. I’m proud that our region leads the nation in both renewable and fossil energy production. Harnessing the power of wind in West Texas has not only provided good jobs for rural America and helped power our state’s economy, but it has broadened and diversified our energy production, which will support our nation’s energy independence for future generations.”

“We are very proud to recognize Jodey’s leadership in Texas wind energy,” said John Billingsley, Chairman and Chief Executive Officer of Tri Global Energy. “His efforts have helped Texas to retain its top ranking in wind energy development in the nation and globally. Jodey is a true leader who understands the impact of wind energy for Texas.”

About Tri Global Energy Tri Global Energy (TGE) is a leading developer of wind energy in the U.S. The company is based in Dallas. Founded in 2009, TGE’s goal is to develop clean energy at an affordable cost through the development of wind projects. The company pioneered a proprietary way to generate local economic benefits through the development of renewable energy projects by partnering with landowners, communities and industry-leading investors. For more information, visit http://www.triglobalenergy.com.

Photo – https://mma.prnewswire.com/media/729935/Tri_Global_Energy_Jodey_Arrington.jpg
Logo – https://mma.prnewswire.com/media/278203/tri_global_energy_logo.jpg

SOURCE Tri Global Energy

VARIDESK® and Dallas Mavericks’ J.J. Barea Team Up to Renovate Puerto Rico Schools and Donate Desks and School Supplies

August 13, 2018

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DALLAS and AGUADA, Puerto Rico, Aug. 13, 2018 /PRNewswire-HISPANIC PR WIRE/ — VARIDESK® teamed up with Dallas Mavericks guard J.J. Barea, through his non-profit foundation, to help renovate four schools and bring much needed desks and schools supplies to Puerto Rico as students head back to school this week. For eight-year-old Hector Torres, who attends Juan Lino Santiago elementary school, it means he and his classmates get brand-new standing desks and a renovated, freshly painted basketball court.

Several months ago, VARIDESK, a company that provides active workspaces solutions – from height adjustable desks, to storage solutions, to moveable walls – acquired a company that creates standing desks for students. “Many schools in Puerto Rico were all but destroyed – and many of the existing schools are being consolidated without enough resources,” said Jason McCann, CEO and co-founder of VARIDESK. “We wanted to help with an immediate solution that will have a lasting impact and set students up for success.”

That led to a partnership with J.J. Barea. A Puerto Rican native, J.J. attended Academia Inmaculada Concepcion in Mayaguez. He returned to his alma mater and three other of the hardest hit schools on the west side of the island. Together, J.J, VARIDESK and community volunteers, helped build desks and paint and rebuild basketball courts.

“The schools here still need a lot of help to recover from the hurricane, which is why I’m so thankful for this partnership with VARIDESK,” said Barea. “When I come home to the school I grew up in, it breaks my heart to see the devastation. I’m hoping this effort will bring hope to the students here and encourage them to keep pursuing their education. The desks are amazing, and I think the kids are going to love it. For me when I was a kid, if I could have been standing in a classroom, I would have done a lot better.”

With help from CEVA Logistics, VARIDESK donated nearly 500 desks for students, teachers and administrators – valued at more than $300,000 of products. The effort culminated with a basketball camp for local children and a special ceremony to rededicate the schools.

“It’s been amazing to be here in Puerto Rico,” said McCann. “The volunteers, the community, everybody that has been involved with us were incredible. The reward my team and I are getting is actually much bigger than simply donating 500 desks. We feel the heart, the pure love, and the pride of the people – it’s about those things and the positive impact we can have. It just shows you such great hope after so much pain has hit this community, everybody is pulling together to do the right thing and we’re honored to be a part of it.”

Download media assets here.

About VARIDESK^®VARIDESK launched its trademark height-adjustable standing desk solution in 2013. The first product of its kind, VARIDESK was created to promote a healthier and more productive workspace in a way that was simple, flexible and easy to use. Today, VARIDESK is the world’s leading active workspace innovation company, creating affordable, height-adjustable standing desk solutions, as well as active office furniture and accessories that transform the way people and students work every day. VARIDESK has shipped products to over 130 countries and it is used in 98 percent of Fortune 500 companies. Most VARIDESK products are in-stock and ready to ship within 24 hours, making it one of the quickest and most affordable ways to transform your workspace.

Media Contact
Andrea McLaughlin
Phone: 610-504-5423
[email protected]

Logo – https://mma.prnewswire.com/media/648831/VARIDESK_Active_Workspace_Logo.jpg

SOURCE VARIDESK

With Refreshed Styling, New Sport Trim and Standard Honda Sensing®, Honda Keeps Its Foot to the Floor by Introducing the 2019 Civic Sedan and Coupe

August 13, 2018

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Honda will soon release a newly refreshed Civic Coupe and Sedan for the 2019 model year, with updated styling, a new Sport trim, and Honda Sensing® now standard on all trim levels.

TORRANCE, California, Aug. 13, 2018 /PRNewswire-HISPANIC PR WIRE/ — Building on the highly acclaimed 10^th-generation Civic lineup and offering customers more of what they love about the model, the refreshed 2019 Honda Civic Sedan and Coupe include updated styling, a new Sport trim for both body styles and standard Honda Sensing^® technology on all trims.

The updated Civic Sedan and Coupe are the latest salvos in the 10^th-generation Civic’s aggressive launch cadence that has averaged a new variant every four months over the past three years since the Civic Sedan launched in the fall of 2015.[1] Civic is targeting its third consecutive year as America’s #1 retail-selling car and its 8^th straight year as America’s #1 retail-selling compact car[2], as well as being the most popular car in America with under-35-year-olds for eight of the past nine years.

The 10^th-gen Civic’s aggressive and sporty design is one of the most liked attributes among Civic buyers[3] and the Civic Coupe was the top ranked vehicle of its body type in the J.D. Power’s 2017 APEAL study among compact cars. The 2019 Sedan and Coupe turn it up a notch with evolutionary styling updates, front and rear. Changes at the front further accentuate the model’s low and wide athletic stance and sporty good looks with a new piano black upper fascia “wing,” restyled lower fascia, bumper and lower grille, a full-width front splitter, chrome side pod accents, and updated halogen or LED headlights. A chrome accent on the lower rear bumper of the Sedan and new wheel designs for both models – including larger 18-inch rims on the Touring trim – round out the exterior styling updates on the returning trims.

The new Civic Sport trim, positioned between the LX and EX, offers the looks and features budget-conscious enthusiasts are looking for. Civic Sport’s increased attitude comes from a piano black lower front fascia, side pod accents and, for Sedan, an added rear decklid spoiler, plus a splitter-style rear lower bumper incorporating a chrome polygonal exhaust finisher similar to Civic Si. Larger 18-inch (+1 inch) 10-spoke alloy wheels with Berlina Black finish complete the Sport’s more aggressive look. The Sport trim features a high-revving 2.0-liter 16-valve DOHC VTEC^® engine mated to either a smooth and efficient CVT with G-Shift Control or a slick-shifting 6-speed manual. Adding more tech to the Sport, the new trim receives the updated 7-inch Display Audio with Apple CarPlay™ and Android Auto™ integration and volume button.

Advancing Honda’s commitment to make Honda Sensing^® standard equipment on all vehicles by the 2022 model year, all trims of the 2019 Civic Sedan and Coupe from LX to Touring feature Honda Sensing^® technology, which includes Collision Mitigation Braking System™ (CMBS™) with Forward Collision Warning; Road Departure Mitigation (RDM) incorporating Lane Departure Warning (LDW); Lane Keeping Assist System (LKAS); and Adaptive Cruise Control (ACC). For the 2019 model year, Honda Sensing^® is standard or available equipment on all Honda car and light truck nameplates.

First introduced in the fall of 2015 in Sedan and later Coupe form, the 10^th-generation Civic lineup includes the European-inspired Hatchback, the performance-focused Civic Si Coupe and Si Sedan and the world’s fastest front-wheel-drive car, the Civic Type R. Cumulative sales of the 10^th-generation Civic will surpass 1 million units this year. Since its introduction, the 10^th-generation Civic has amassed dozens of major industry awards and accolades including the 2016 North American Car of the Year award, 2017 Kelley Blue Book Overall Best Buy of the Year, 2018 Car and Driver 10Best and 2018 AUTOMOBILE All-Stars award. All Civic Sedan and Coupe models sold in the U.S. are produced at Honda’s plants in Greensburg, Indiana and Alliston, Ontario. The Civic’s 1.5-liter VTEC^® Turbo and 2.0-liter VTEC^® engines are produced in Anna, Ohio and Alliston, Ontario.

For More Information
For more information and high-resolution photography, visit hondanews.com/honda-automobiles/channels/civic. Consumer information is available at automobiles.honda.com/future-cars. To join the Honda community on Facebook, visit facebook.com/honda.

About Honda
Honda offers a full line of reliable, fuel-efficient and fun-to-drive vehicles with advanced safety technologies sold through over 1,000 independent U.S. Honda dealers. The Honda lineup includes the Fit, Civic, Insight, Accord and Clarity series passenger cars, along with the HR-V, CR-V and Pilot sport utility vehicles, the Ridgeline pickup and the Odyssey minivan.

Honda has been producing automobiles in America for more than 35 years and currently operates 19 major manufacturing facilities in North America. In 2017, more than 90 percent of all Honda brand vehicles sold in the U.S. were made in North America, using domestic and globally sourced parts.

[1] Nov. 2015 through Jun. 2017 (2015 Civic Sedan: 11/12/15, 2015 Civic Coupe: 3/15/16, 2017 Civic Hatchback: 9/26/16, 2017 Civic Si: 5/13/17, 2017 Civic Type R: 6/14/17)
[2] Based on Urban Science retail sales in the compact car segment 2010-2018CYTD June
[3] Based on internal Honda research of 2016 Civic Coupe and 2016 Civic Sedan purchasers under 35 years old

Photo – https://mma.prnewswire.com/media/729627/2019_Honda_Civic_Coupe_Sport.jpg
Logo – https://mma.prnewswire.com/media/460855/american_honda_motor_co_inc_logo.jpg

SOURCE American Honda Motor Co., Inc.