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Holiday Entertaining is a Breeze with New Pairings from California’s Hottest Chefs

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Sweet and Savory Breakfast Empanadas + Milk, by Chef Pablo Romano

SAN CLEMENTE, California, Nov. 15, 2016 /PRNewswire-HISPANIC PR WIRE/ — Classic holiday foods are at the center of end-of-year gatherings, a time when families and friends celebrate by making and enjoying homemade meals together. However, many holiday favorites require arduous hours in the kitchen. To offer families a hassle-free solution, the California Milk Processor Board (CMPB), creator of the iconic got milk? and Toma Leche campaigns, has collaborated with top chefs and food enthusiasts from across California to create modern recipes inspired by traditional dishes and seasonal flavors we all love – and all of which taste even better when paired with milk.

Sweet and Savory Breakfast Empanadas + Milk, by Chef Pablo Romano

For many, food and family are closely connected as traditions bring a sense of belonging, love and identity with each other.1 This is especially felt during the holidays when family recipes are at the forefront of the dining table. But many of these recipes that have been passed down from one generation to another are usually time-consuming; today’s generation is seeking ways to recreate these flavors more efficiently so they can dedicate more time to enjoying the festivities with their loved ones. “We’re excited to offer families everywhere new options for enjoying the holidays while staying true to their traditions, and milk’s versatility make it the perfect accompaniment for our chefs’ diverse offerings,” says Steve James, CMPB Executive Director.

An example of these new innovative dishes is Chef Javier Plascencia’s fascinating twist on candied yams. Inspired by Bimbo and their highly popular panqué (pound cake) – a treat he often enjoyed while growing up in Tijuana, B.C. – Plascencia created his new holiday pairing: Panqué with Roasted Sweet Potato and Spiced Honey Brown Sugar + Marzipan-infused Milk. “My grandmother would always make sweet potatoes for Christmas, and the dish I created was influenced by her recipe that has been a family staple for so many years,” says Plascencia.

Other dishes include the Cuban-inspired Baked Tostones with Crème Fraiche, created by Eddie Zamora, an LA-based food and travel enthusiast and founder of the popular food blog, The Yum-Yum Foodie. With savory ingredients like plantains, crème fraiche and avocado, Zamora pairs these flavorful bites with a cold glass of milk. “What I love about this pairing is that it looks impressive, but it’s a breeze to make,” says Zamora. “You can serve it as an appetizer to entertain your guests before the main course, or if your holiday gathering is more casual, it can be part of your tapas-style menu,” he adds.

Adding a taste of Argentina to the menu is Chef Pablo Romano’s creation: Sweet and Savory Breakfast Empanadas + milk. Chef and co-founder/owner of Venga Empanadas in San Francisco, Romano combined pineapple, pork shoulder, Bimbo panqué and dried plums in this intriguing breakfast combo, with milk complementing all the sweet and savory elements.

For all of the holiday recipe ideas created exclusively for got milk?/ Toma Leche, visit: www.gotmilk.com, www.tomaleche.com and follow got milk? via social media on Facebook/ Twitter @gotmilk and Instagram @officialgotmilk.

About the CMPB
The California Milk Processor Board was established in 1993 to make milk more competitive and increase milk consumption in California. Awareness of got milk? is over 90% nationally and it is considered one of the most important and successful campaigns in history. Got milk? is a federally registered trademark that has been licensed by the national dairy boards since 1995. The CMPB’s Spanish-language campaign began in 1994 using the tagline “Familia, Amor y Leche” (Family, Love and Milk). The TOMA LECHE (Drink Milk) campaign replaced it in 2006, in order to better align the English and Spanish language work. The CMPB is funded by all California milk processors and administered by the California Department of Food and Agriculture.

1 http://www.wahm.com/articles/the-importance-of-continuing-family-traditions.html

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2017 Honda Civic Named “Overall Best Buy of the Year” by Experts at Kelley Blue Book

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2017 Honda Civic Named "Overall Best Buy of the Year" by Experts at Kelley Blue Book

TORRANCE, California, Nov. 15, 2016 /PRNewswire-HISPANIC PR WIRE/ — The 2017 Honda Civic took home the prestigious 2017 Kelley Blue Book Overall Best Buy Award earning top praise from the expert team of editors and evaluators at KBB.com. This is the second consecutive win for the Civic, with the 2017 Accord earning first place in the Mid-Size car category and the 2017 Pilot taking first place for the Mid-Size SUV/Crossover category. The Kelley Blue Book Best Buy of the Year Awards honor the top new model-year vehicle choices available in the U.S. market.

2017 Honda Civic Named "Overall Best Buy of the Year" by Experts at Kelley Blue Book
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Burns & McDonnell Opens New Office in Mexico City

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Burns & McDonnell (PRNewsFoto/Burns & McDonnell)

HOUSTON, Nov. 10, 2016 /PRNewswire-HISPANIC PR WIRE/ — Burns & McDonnell has established a permanent, long-term presence in Mexico with the opening of a new office in Mexico City providing a full range of engineering, construction and related technical support services. Noé H. Sáenz has been named to lead the business for Burns & McDonnell and will be based in Mexico City.

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Burns & McDonnell already has been awarded a major project for a confidential client in addition to its current projects in renewables and other industrial sectors. The company will initially focus on power generation, transmission and fuel transportation projects but will rapidly expand to provide a full range of engineering, construction, environmental and consulting services in all sectors currently supported in the U.S. and Canada.

In his six years with Burns & McDonnell, Sáenz has been responsible for international business development as well as growing the petrochemical business of Burns & McDonnell’s Process & Industrial division. His main areas of focus have been strategic planning, client relationships, and developing partnerships in the energy and heavy industrial market sectors primarily in Mexico, Canada and Brazil.

“Noé has demonstrated great team-building skills that create the right working environment in cultures that are uniquely different from what we are familiar with in the United States,” says Leslie Duke, senior vice president and general manager of Burns & McDonnell regional operations in Houston. “We are excited that he has agreed to lead our expansion into Mexico. We know that our success in Mexico depends on respect and understanding of culture and customs and there is no one better than Noé to build those relationships.”

“Burns & McDonnell has a long history of supporting projects in Mexico, but this is the first time we’ve established a permanent business office there,” says Mike Brown, president of International Operations for Burns & McDonnell. “There are tremendous opportunities in Mexico as that country embarks on a major investment program to upgrade its power and energy infrastructure. We’re excited to open this new office and believe Noé is the right man to lead this effort.”

Sáenz has 18 years total experience leading engineering and EPC projects in the energy and manufacturing sectors mainly in the U.S., Mexico and Canada. Early in his career, he gained experience leading plant development efforts for General Motors, Ford and Caterpillar both in the U.S. and Mexico.

Sáenz has a Bachelor’s degree in Civil Engineering from the Universidad Autonoma de Coahuila in Saltillo, Mexico, an MBA in Project Management from Jones International University and executive education at Stanford and at the University of Texas. He also holds a PMP certificate from the Project Management Institute.

About Burns & McDonnell

Burns & McDonnell is a company made up of more than 5,400 engineers, architects, construction professionals, scientists, consultants and entrepreneurs with offices across the country and throughout the world. We strive to create amazing success for our clients and amazing careers for our employee-owners. Burns & McDonnell is 100 percent employee-owned and is proud to be No. 16 on Fortune’s 2016 list of 100 Best Companies to Work For. For more information, visit burnsmcd.com.

For more information: click here

Contact: Roger Dick, Burns & McDonnell
816-822-3339
[email protected]

Kelley Blue Book Announces Winners Of 2017 Best Buy Awards; Honda Civic Repeats Win As Overall Best Buy Of The Year

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Kelley Blue Book Logo

IRVINE, Calif., Nov. 15, 2016 /PRNewswire-HISPANIC PR WIRE/ — Kelley Blue Book www.kbb.com, the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry, today announces the winners of the 2017 Kelley Blue Book Best Buy Awards, honoring the top new model-year vehicle choices available in the U.S. market.  The 2017 Honda Civic is named Kelley Blue Book’s Overall Best Buy of 2017, alongside Best Buy Award winners in 12 major vehicle categories.

Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7952451-kelley-blue-book-2017-best-buy-awards

The Kelley Blue Book Best Buy Awards are designed to provide a significant service to new-car buyers by identifying the cream of the crop of all available 2017 model-year vehicles.  The awards are the culmination of a year-long regimen of expert vehicle evaluation and testing of nearly every new vehicle available in America, along with analysis of a broad swath of vehicle-related data, including vehicle pricing/transaction prices, 5-Year Cost to Own data (which includes depreciation, insurance, maintenance, financing, fuel, fees and taxes for new cars), consumer reviews and ratings, and vehicle sales/retail sales information.  Of more than 300 new-car models available for 2017, Kelley Blue Book’s expert editors initially narrowed the field to a few dozen Best Buy Award contenders in 12 major vehicle categories and then spent several weeks testing and evaluating all of the finalists head-to-head to ultimately determine the winners.

“After carefully analyzing a wealth of data and conducting extensive vehicle testing and evaluation from the hundreds of models available for the 2017 model-year, we chose this elite group of 12 Kelley Blue Book Best Buy Award winners because they proved to be the top in their class this year,” said Jack R. Nerad, executive editorial director and executive market analyst for Kelley Blue Book’s KBB.com.  “Kelley Blue Book editors went to the unprecedented choice of honoring the Honda Civic as the Overall Best Buy for the second year in a row because of the Civic’s unsurpassed all-around value.  It turns in very high marks in objective measures like resale value and cost to own, yet it also is a supremely satisfying car to drive and live with every day.  We believe the 2017 Civic is an exceptional value and remains the Overall Best Buy for the second year running.”

2017 Kelley Blue Book Best Buy Award Winners

Overall Winner: 2017 Honda Civic
Today’s compact cars are roomier, safer, more comfortable and tech-savvier than ever, and the recently redesigned Honda Civic is the undisputed king of the category.  Boldly styled, famously refined, supremely efficient, satisfying to drive, comfortable and loaded with appealing features, the Honda Civic is the first vehicle to be named our Overall Best Buy two years in a row.

Small Car: 2017 Honda Civic
The Honda Civic’s current run of Best Buy recognition spans two generations and now three model years.  Last year’s redesign earned it both a Best Buy Award and the top spot on our list of favorite new cars of the year, and it remains just as impressive and dominant in its second model year.

Mid-Size Car: 2017 Honda Accord
Honda’s famously dependable mid-size sedan is a resale value standout, keeping overall ownership costs low.  But the Accord also is satisfying to drive and thoroughly refined, qualifying it as a well-rounded package and earning it a second Best Buy Award.

Full-Size Car: 2017 Chevrolet Impala
The Chevy Impala remains as roomy, comfortable and value-oriented as you might expect.  But it’s also a design and tech standout, mixing stylish sheetmetal with an attractive interior and an impressive list of in-car technologies including Apple CarPlay and wireless phone charging.  A strong combination of purchase price and resale value help it win its third Best Buy Award in as many years.

Luxury Car: 2017 Audi A4
The totally redesigned Audi A4 claims this year’s Luxury Car Best Buy title with an elevated mix of tastefully modern exterior and interior styling, advanced but friendly technologies, excellent driving dynamics and lower overall ownership costs than some key competitors.

Sports/Performance Car: 2017 Porsche 718 Boxster
With a newfound emphasis on fuel economy, connectivity and everyday usability, the revamped 2017 Porsche 718 Boxster has effectively broadened its appeal while retaining the world-class dynamism for which the nameplate is renowned.

Electric/Hybrid: 2017 Toyota Prius Prime
The Prius lineup expands again for 2017, this time with a distinctly styled and outfitted plug-in model that delivers 25 miles of pure electric range, 640 miles of total full-charge/full-tank range, and a 133 MPGe rating that’s the highest of any electric car of any sort currently available.  Combined with the lineup’s well-documented history of reliability and low ownership costs, the Toyota Prius Prime wins our Electric/Hybrid Best Buy of 2017.

Small SUV/Crossover: 2017 Kia Sportage
Kia’s class-leading warranty coverage remains, but everything else about the Kia Sportage is all-new for 2017.  Its Best Buy Award-winning strengths include the bold face and sleek rear end, attractive and functional cockpit, roomy rear seat and practical cargo area.

Mid-Size SUV/Crossover: 2017 Honda Pilot
Fresh off a complete redesign last year, the newest Honda Pilot has it all – including its second Best Buy trophy.  It’s not only the roomiest and most practical SUV in the segment, it’s also comfortable, pleasant to drive and loaded with features that serve drivers and passengers alike.

Full-Size SUV/Crossover: 2017 Chevrolet Tahoe
Offering a combination of style, comfort, economy and value that’s positively unmatched in market appeal, the Chevy Tahoe is the best-selling SUV in the segment and now a back-to-back-to-back Kelley Blue Book Best Buy for the third year running.

Luxury SUV/Crossover: 2017 Mercedes-Benz GLC
One vehicle at a time, Mercedes-Benz continues to build its most appealing lineup in years.  The exterior designs are intrinsically appealing, while the interiors are as rich as ever but far more contemporary and desirable.  Class-leading safety and convenience technologies also are part of the story, as is the persistent prestige of the three-pointed star.  The GLC embodies every bit of the automaker’s rediscovered style and swagger.

Truck: 2017 Ford F-150
Radically redesigned with an aluminum-intensive architecture two years ago, the Ford F-150 has been named our Pickup Truck Best Buy ever since.  Beneath the groundbreaking construction are a variety of advanced engines and transmissions, and a long list of clever features and appealing technologies.  This year it adds one more trophy to its growing collection with its third consecutive Best Buy Award.

Minivan: 2017 Chrysler Pacifica
Chrysler’s all-new Pacifica minivan doesn’t just replace the long-running Town & Country, it blends luxury and practicality like no other minivan before it.  Luxury-level dash design up front is complemented by rear quarters that offer all the utility you expect in a minivan, but with uncommon design sensibilities.  It’s also a pleasure to drive, helping it lock up a Best Buy Award in its first year on the market.

“Vehicles in all segments are becoming better-equipped with more safety and tech features every year, so the competition is stiff for which models will take home a prestigious Best Buy Award,” Nerad said.  “Kelley Blue Book Best Buys represent the highest level of quality and value of all vehicles available in the American market.  With 90 years of trust in providing the auto industry with data and several decades of providing car shoppers with valuable information, Kelley Blue Book takes great pride in providing a significant consumer service by identifying the new vehicles that our experts believe to be the absolute best-value choices for new-car shoppers.”

To discuss this topic, or any other automotive-related information, with a Kelley Blue Book analyst on-camera via the company’s on-site studio, please contact a member of the Public Relations team to book an interview.

For more information and news from Kelley Blue Book’s KBB.com, visit www.kbb.com/media/, follow us on Twitter at www.twitter.com/kelleybluebook (or @kelleybluebook), like our page on Facebook at www.facebook.com/kbb, and get updates on Google+ at https://plus.google.com/+kbb.

About Kelley Blue Book (www.kbb.com)
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry.  Each week the company provides the most market-reflective values in the industry on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Fair Purchase Price, which reports what others are paying for new and used cars this week.  The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies.  Kelley Blue Book’s KBB.com ranked highest in its category for brand equity by the 2016 Harris Poll EquiTrend® study and has been named Online Auto Shopping Brand of the Year for five consecutive years.  Kelley Blue Book Co., Inc. is a Cox Automotive brand.

About Cox Automotive
Cox Automotive Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, vAuto®, Xtime® and a host of other brands. The global company has 33,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry. Cox Automotive is a subsidiary of Cox Enterprises Inc., an Atlanta-based company with revenues of $18 billion and approximately 60,000 employees. Cox Enterprises’ other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive, visit www.coxautoinc.com.

Kelley Blue Book Logo

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National Adoption Campaign Launches New “Perfect Parent” PSAs to Raise Awareness and Encourage Adoption of Older Children from Foster Care

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WASHINGTON, Nov. 15, 2016 /PRNewswire-HISPANIC PR WIRE/ — Today, the Ad Council in partnership with the U.S. Department of Health and Human Services, AdoptUSKids, and KBS launched new public service advertisements (PSAs) for the award-winning Adoption from Foster Care campaign. The new television and radio PSAs encourage the adoption of older youth from foster care. 

Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7979251-ad-council-adoptuskids-adopt-from-foster-care

Of the 428,000 youth under the age of 18 in the U.S. foster care system, 112,000 are currently waiting for adoptive families, according to the most recent Adoption and Foster Care Analysis and Reporting System (AFCARS) data. Since the project’s launch in 2002, more than 26,000 children who were once photo listed on the AdoptUSKids website have been placed with permanent families.  However, older youth and teens have lower adoption rates than younger children, and they often wait longer to be adopted.  Currently, of the 5,560 youth photo-listed on the website as available for adoption, 43% are between the ages of 15 and 18 years old.

“Every child, regardless of age, deserves the love and stability that a family can offer.  In recognition of National Adoption Month this November, we thank and celebrate all adoptive families throughout the country,” said Rafael López, Commissioner of the Administration on Children, Youth and Families.  “Families who adopt older youth provide teens with love, acceptance and support during a critical period of life and throughout many important milestones.  We are proud to sponsor the Adoption and Foster Care campaign to encourage adoptions of older youth nationwide.”

The central idea behind the campaign is that there is no single right answer when it comes to parenting, furthering the message “You don’t have to be perfect to be a perfect parent.”  This year’s PSAs, created pro bono by advertising agency KBS, spotlight the moments when older kids still rely on their parents for help and support, inspired by the experiences of real adopted teens and their parents. 

In the new PSAs, the parents explore creative solutions to parenting challenges, such as a father helping his daughter improve her grades in French class, and a mother with a cat allergy trying to accommodate her son’s request for a family pet. The humorous, lighthearted scenarios they depict aim to reassure prospective parents that even if they are not “perfect,” they can provide the stability and security that older youth in foster care need and deserve. 

The PSAs direct audiences to visit adoptuskids.org or to call 1-888-200-4005 (English) or 1-877-236-7831 (Spanish) to receive the latest information about the foster care system and the adoption process.

“Opening your home and heart to a child or teen changes both of your lives for the better,” said Lisa Sherman, president and CEO of the Ad Council. “We’re so proud that this campaign has helped over 26,000 children and teens find their forever families.  Knowing the particular challenges that older teens face in being adopted, we hope that this new work will help show prospective parents that adopting an older child does not mean missing out on the precious milestones of parenting.”

Jon Goldberg, ECD of KBS said, “We love working on this campaign because we are given the opportunity to make really fun, creative work that can have such a positive impact on so many people. The Ad Council and AdoptUSKids have been great partners and to know that the work has helped even one, much less thousands of teens find a home is so special. We appreciate the opportunity every year.”

In addition to the PSAs, a Facebook Q&A will take place today from 2 pm to 2:45 pm ET on AdoptUSKids’ Facebook page. Together with Kathy Ledesma, National Project Director for AdoptUSKids, an adoptive parent and her teen daughter will share their story and answer questions from potential adoptive parents about the experience of adopting from foster care.

The Ad Council will distribute the new PSAs to media outlets nationwide this week.  Per the Ad Council’s model, the PSAs will run in time and space donated by the media. Since its initial launch in 2004, the campaign has received more than $536 million in donated media support across television, radio, print, and digital media.

For more information about adoption, or about becoming an adoptive parent to a child from foster care, please visit www.adoptuskids.org or visit the AdoptUSKids communities on Facebook and Twitter.

U.S. Department of Health and Human Services’ Administration for Children and Families
Within the Department of Health and Human Services (HHS), the Administration for Children and Families (ACF) is the agency that is responsible for federal programs that promote the economic and social well-being of families, children, individuals, and communities. The Administration on Children, Youth and Families (ACYF) administers national programs for children and youth; works with states, Tribes, and local communities to develop services that support and strengthen family life; seeks joint ventures with the private sector to enhance the lives of children and their families; and provides information and other assistance to parents. Many of the programs administered by ACYF focus on children from low-income families; abused and neglected children; children and youth in need of foster care, independent living, adoption or other child welfare services; preschool children; children with disabilities; runaway and homeless youth; and children from Native American and migrant families. For more information on ACYF’s adoption programs, please visit http://www.acf.hhs.gov/programs/cb/focus-areas/adoption.

AdoptUSKids
AdoptUSKids is a multi-faceted, federally funded project whose mission is to raise public awareness about the need for families for children in foster care, and assist States, Territories and Tribes to recruit and retain foster and adoptive families and connect them with children. The project is managed through a cooperative agreement with the Children’s Bureau at ACF.

The Ad Council
The Ad Council is a nonprofit organization with a rich history of marshaling volunteer talent from the advertising and media industries to deliver crucial messages to the American public. Having produced literally thousands of PSA campaigns addressing the most pressing social issues of the day, the Ad Council has effected, and continues to effect, tremendous positive change by raising awareness, inspiring action and saving lives. To learn more about the Ad Council and its campaigns, visit AdCouncil.org, like us on Facebook, follow us on Twitter or view our PSAs on YouTube.

KBS
KBS is a global agency that helps companies modernize to thrive in a tech-infused culture. With creative courage and critical capabilities, we’re able to solve today’s toughest marketing challenges through our specialisms including: advertising, social, content, CRM, creative technology, media planning and buying. Our global network includes offices in New York, Los Angeles, Toronto, Montreal, London and Shanghai. We’ve risen to the challenge for a diverse roster of clients including BMW, American Express, Unilever, BMO, Harman, Stanley Black & Decker, TE Connectivity, GoPro, Monster, Thomas Cook and Vanguard. For more information, visit www.kbsagency.com.

The Home Depot Announces Third Quarter Results

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The Home Depot logo.

ATLANTA, Nov. 15, 2016 /PRNewswire-HISPANIC PR WIRE/ — The Home Depot®, the world’s largest home improvement retailer, today reported sales of $23.2 billion for the third quarter of fiscal 2016, a 6.1 percent increase from the third quarter of fiscal 2015. Comparable store sales for the third quarter of fiscal 2016 were positive 5.5 percent, and comp sales for U.S. stores were positive 5.9 percent.

The Home Depot logo.

Net earnings for the third quarter of fiscal 2016 were $2.0 billion, or $1.60 per diluted share, compared with net earnings of $1.7 billion, or $1.35 per diluted share, in the same period of fiscal 2015. For the third quarter of fiscal 2016, diluted earnings per share increased 18.5 percent from the same period in the prior year.

“We experienced balanced sales growth in the quarter driven by an increase in both ticket and transactions, and our continued focus on productivity drove double-digit earnings-per-share growth,” said Craig Menear, chairman, CEO and president. “I would like to thank our associates and suppliers for their hard work and dedication to our customers throughout the quarter, and particularly in the face of Hurricane Matthew and the flooding in Louisiana.”

Updated Fiscal 2016 Guidance

The Company reaffirmed its fiscal 2016 sales guidance and expects sales will be up approximately 6.3 percent and comp sales will be up approximately 4.9 percent. The Company raised its diluted earnings-per-share guidance for the year and now expects diluted earnings per share to grow approximately 15.9 percent from fiscal 2015 to $6.33.

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 earnings.homedepot.com.

At the end of the third quarter, the Company operated a total of 2,276 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 385,000 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 store sales; effects of competition; 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; implementation of store, interconnected retail and supply chain initiatives; management of relationships with our suppliers and vendors; the impact and expected outcome of investigations, inquiries, claims and litigation, including those related to the 2014 data breach; issues related to the payment methods we accept; 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 effect of accounting charges; the effect of adopting certain accounting standards; store openings and closures; guidance for fiscal 2016 and beyond; financial outlook; and the integration of Interline Brands, Inc. into our organization and the ability to recognize the anticipated synergies and benefits of the acquisition. 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 31, 2016 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. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

FOR THE THREE AND NINE MONTHS ENDED OCTOBER 30, 2016 AND NOVEMBER 1, 2015

(Unaudited)

(Amounts in Millions Except Per Share Data and as Otherwise Noted)

Three Months Ended

Nine Months Ended

October 30,
2016

November 1,
 2015

% Increase

(Decrease)

October 30,
2016

November 1,
 2015

% Increase
(Decrease)

NET SALES

$

23,154

$

21,819

6.1

%

$

72,388

$

67,539

7.2

%

Cost of Sales

15,112

14,254

6.0

47,628

44,430

7.2

GROSS PROFIT

8,042

7,565

6.3

24,760

23,109

7.1

 

Operating Expenses:

Selling, General and Administrative

4,280

4,161

2.9

12,949

12,623

2.6

Depreciation and Amortization

442

423

4.5

1,311

1,261

4.0

Total Operating Expenses

4,722

4,584

3.0

14,260

13,884

2.7

OPERATING INCOME

3,320

2,981

11.4

10,500

9,225

13.8

Interest and Other (Income) Expense:

Interest and Investment Income

(10)

(7)

42.9

(25)

(160)

(84.4)

Interest Expense

246

247

(0.4)

726

677

7.2

Interest and Other, net

236

240

(1.7)

701

517

35.6

EARNINGS BEFORE PROVISION FOR

INCOME TAXES

3,084

2,741

12.5

9,799

8,708

12.5

Provision for Income Taxes

1,115

1,016

9.7

3,586

3,170

13.1

NET EARNINGS

$

1,969

$

1,725

14.1

%

$

6,213

$

5,538

12.2

%

Weighted Average Common Shares

1,224

1,268

(3.5)

%

1,236

1,284

(3.7)

%

BASIC EARNINGS PER SHARE

$

1.61

$

1.36

18.4

$

5.03

$

4.31

16.7

Diluted Weighted Average Common Shares

1,229

1,274

(3.5)

%

1,242

1,290

(3.7)

%

DILUTED EARNINGS PER SHARE

$

1.60

$

1.35

18.5

$

5.00

$

4.29

16.6

Three Months Ended

Nine Months Ended

SELECTED SALES DATA(1)

October 30,
2016

November 1,
 2015

% Increase

(Decrease)

October 30,
2016

November 1,
2015

% Increase

(Decrease)

Number of Customer Transactions

380.0

371.1

2.4

%

1,184.8

1,151.7

2.9

%

Average Ticket (actual)

$

59.78

$

58.03

3.0

$

60.26

$

58.72

2.6

Sales per Square Foot (actual)

$

382.18

$

366.37

4.3

$

399.12

$

380.12

5.0

(1)     Selected Sales Data does not include results for the Interline acquisition that was completed in the third quarter of fiscal
         2015.

 

THE HOME DEPOT, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

AS OF OCTOBER 30, 2016, NOVEMBER 1, 2015 AND JANUARY 31, 2016

(Unaudited)

(Amounts in Millions)

October 30,
2016

November 1,

2015 (1)

January 31,

2016 (1)

ASSETS

Cash and Cash Equivalents

$

3,589

$

3,040

$

2,216

Receivables, net

1,995

1,942

1,890

Merchandise Inventories

13,241

12,495

11,809

Other Current Assets

523

527

569

Total Current Assets

19,348

18,004

16,484

 

Property and Equipment, net

21,840

22,194

22,191

Goodwill

2,095

2,111

2,102

Other Assets

1,219

1,167

1,196

TOTAL ASSETS

$

44,502

$

43,476

$

41,973

LIABILITIES AND STOCKHOLDERS’ EQUITY

Short-Term Debt

$

$

$

350

Accounts Payable

8,054

7,236

6,565

Accrued Salaries and Related Expenses

1,398

1,354

1,515

Current Installments of Long-Term Debt

543

3,047

77

Other Current Liabilities

4,436

4,338

4,017

Total Current Liabilities

14,431

15,975

12,524

Long-Term Debt, excluding current installments

22,338

17,713

20,789

Other Long-Term Liabilities

2,111

2,169

2,344

Total Liabilities

38,880

35,857

35,657

Total Stockholders’ Equity

5,622

7,619

6,316

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

44,502

$

43,476

$

41,973

(1)     The Consolidated Balance Sheets as of November 1, 2015 and January 31, 2016 were retrospectively adjusted to reflect
          the adoption of Accounting Standards Update (“ASU”) No. 2015-03, “Interest – Imputation of Interest (Subtopic 835-30):
         Simplifying the Presentation of Debt Issuance Costs” and ASU No. 2015-17, “Income Taxes (Topic 740): Balance Sheet
         Classification of Deferred Taxes” in the first quarter of fiscal 2016.

 

THE HOME DEPOT, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED OCTOBER 30, 2016 AND NOVEMBER 1, 2015

(Unaudited)

(Amounts in Millions)

Nine Months Ended

October 30,
2016

November 1,
 2015

CASH FLOWS FROM OPERATING ACTIVITIES:

Net Earnings

$

6,213

$

5,538

Reconciliation of Net Earnings to Net Cash Provided by Operating Activities:

Depreciation and Amortization

1,474

1,384

Stock-Based Compensation Expense

199

177

Gain on Sales of Investments

(144)

Changes in Working Capital and Other

33

411

Net Cash Provided by Operating Activities

7,919

7,366

 

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital Expenditures

(1,145)

(1,083)

Proceeds from Sales of Investments

144

Payments for Businesses Acquired, net

(1,662)

Proceeds from Sales of Property and Equipment

30

24

Net Cash Used in Investing Activities

(1,115)

(2,577)

 

CASH FLOWS FROM FINANCING ACTIVITIES:

Repayments of Short-Term Borrowings, net

(350)

(290)

Proceeds from Long-Term Borrowings, net of discounts

4,959

3,991

Repayments of Long-Term Debt

(3,034)

(29)

Repurchases of Common Stock

(4,535)

(5,043)

Proceeds from Sales of Common Stock

136

149

Cash Dividends Paid to Stockholders

(2,567)

(2,287)

Other Financing Activities

(33)

86

Net Cash Used in Financing Activities

(5,424)

(3,423)

Change in Cash and Cash Equivalents

1,380

1,366

Effect of Exchange Rate Changes on Cash and Cash Equivalents

(7)

(49)

Cash and Cash Equivalents at Beginning of Period

2,216

1,723

Cash and Cash Equivalents at End of Period

$

3,589

$

3,040

 

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Let’s Celebrate ¡Vive Tu Vida! Get Up! Get Moving!® 10th Year Anniversary in Los Angeles!

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LOS ANGELES, Nov. 14, 2016 /PRNewswire-HISPANIC PR WIRE/ — This Saturday, November 19, 2016, the National Alliance for Hispanic Health and the Mexican American Opportunity Foundation present the 10th Annual ¡Vive tu vida! Get Up! Get Moving!®Los Angeles at Clara Street Park. The event promotes Hispanic family physical activity and good nutrition for better health and wellness for all. This FREE, open to the public event is made possible by an extraordinary group of partners and volunteers.

“Thanks to our partnership with National Alliance for Hispanic Health, this event provides valuable health screenings, information, healthy eating and the promotion of exercise for better health all at no cost,” said Martin Castro, President and CEO of the Mexican American Opportunity Foundation. “This year will be our tenth year that we have offered this event so we hope our communities really come out for a day of enjoyment and fun-filled activities.”

What:

  • Health Screenings: Cholesterol, Glucose, Blood Pressure, Vision, Dental
  • Fitness: Zumba, Soccer and Yoga classes
  • Health Information: Information on MediCal and Covered California, Financial Planning
  • Nutrition: Fresh fruits and healthy snacks available, along with educational resources
  • Family fun: Music, Dancing, Raffles, Giveaways, Laker Girls performance, and a special appereance from Nathan Arenas.

Where: 4835 Clara Street, City of Cudahy, CA 90201
When: Saturday, November 19, 2016 from 9:00 am to 1:00 pm
Cost: FREE!

“We are celebrating our 10-year anniversary of ¡Vive tu vida! Get Up! Get Moving!, the nation’s largest annual event series promoting healthy lifestyles in Hispanic communities,” said Dr. Jane L. Delgado, President and CEO of the National Alliance for Hispanic Health, the nation’s leading Hispanic health advocacy group. “Driven by a “can-do” volunteer spirit, ¡Vive tu vida! Get Up! Get Moving! is working neighbor-to-neighbor to support healthier environments.”

“We are proud to support ¡Vive tu vida! Get Up! Get Moving!® events across the country,” said Robert Forrester, President of Newman’s Own Foundation. “The Foundation places a high priority on improving nutrition access, and National Alliance for Hispanic Health is working at the community level to advance the health and wellness of individuals.”

“People en Español” chooses Ismael Cala as one of the most influential people in 2016

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MIAMI, Nov. 14, 2016 /PRNewswire-HISPANIC PR WIRE/ — The best-selling author, life strategist and communicator Ismael Cala, was chosen as one of the most influential people in 2016, according to North American magazine “People en Español”.

Cala appears alongside known communicators and celebrities such as Jessica Alba, Jorge Ramos, José Díaz-Balart, Ana María Polo, Lin-Manuel Miranda, Don Francisco and América Ferrera, among others.

In Cala’s assessment, “People en Español” says: “With hisYoutube programs and his book “La vida es una piñata’, the Cuban shares edifying messages”.

“I very humbly appreciate that People en Español editors thought of me, in a year that was so crucial for me, starting a new personal cycle and with the mission and commitment to continue impacting lives. On behalf of my team at Cala Enterprises and Ismael Cala Foundation, this recognition commits us to continue awakening awareness,” said Ismael from Roatán (Honduras), where he is celebrating ‘Cala Encuentros’ event.

The best-selling author finishes a year of huge publishing success, enormous conferences in cities of the continent, and “travel with purpose” to various destinations throughout the world. For 2017, he is already preparing an intense agenda, with events such as La Montaña Azul (Costa Rica), CalaMundos (India and Israel), En Cuerpo y Alma (Riviera Maya) and Maestría de Vida (Panamá), among others.

In addition, in the middle of the year he will present a product for personal transformation called the Cala Method of Life, which will also be the name of his 2017 tour. In January, Cala will launch his annual agenda of master classes (webinars), whose general theme will be “The path of abundance”, with 12 stations (one per month) to achieve a full and productive life.

ABOUT ISMAEL CALA

Life strategy and human development, best-selling author and international conference presenter. For more than five years, he presented the show CALA, at prime time on CNN en Español.

He is currently considered to be one of the most important communicators on the continent, and his message of social entrepreneurship, mindfulness and well-being is a reference for millions of people who follow his work in books, seminars, workshops and conferences throughout all of Latin America. Cala has traveled through more than 25 countries, and has impacted hundreds of thousands of people with his message.

He is currently an official collaborator on the program “Awaken America,” for the Univisión chain, and he writes a weekly column for more than 50 publications in Latin America and the United States. “The New York Times” has called him “the Latin Larry King.”

Author of the best sellers “La vida es una piñata [Life is a piñata],” “El analfabeto emocional [The emotional illiterate],” “El poder de escuchar [The power of listening],” “Un buen hijo de P… [A real son of a B],” and “El secreto del bamboo [The secret of bamboo],” Cala was born in Santiago de Cuba (1969) and has a degree in Art History from Universidad de Oriente. He is coauthor of the book “Beat the curve,” with Brian Tracy. He graduated from the School of Communication at the University of York in Toronto, and has a Seneca diploma in Television Production. He has worked with grand masters such as Deepak Chopra and John C. Maxwell, and has trained with coaches such as Tony Robbins and Miguel Ruiz. Cala belongs to a group of collaborating professors at Atlantis University and Next University. Visit: http://www.ismaelcala.com/

saludmóvil™ — Nation’s First Bilingual Mobile Medical Destination Launches Today

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NEW YORK and MIAMI, Nov. 14, 2016 /PRNewswire-HISPANIC PR WIRE/ — saludmóvil™, the nation’s first bilingual and mobile medical, health and wellness destination has officially launched. Backed by the prestigious Harvard Health Publications, and curated by renowned Joseph Mosquera, MD, the mobile-centric website will offer original content in English and Spanish, featuring health news geared to educating and delivering relevant medical information to the nation’s Hispanic communities.

Video – http://origin-qps.onstreammedia.com/origin/multivu_archive/PRNA/ENR/welcome-to-saludmovil.mp4

saludmóvil™, designed by Hispanics for Hispanics, aspires to improve the health of the Latino population by providing trustworthy health news accessible via smartphone, tablet, and desktop. On the saludmóvil™ app, videos can be downloaded and saved to a library on a mobile device to view at the user’s convenience or when the internet is not accessible. It provides quick access to content and tools for on-the-go users who want to remain informed.

“saludmóvil™ was born from the need of pertinent health information targeting the Hispanic demographic in America,” said Dr. Mosquera, founder of saludmóvil™, “which the health system and health news providers have neglected for far too long. This is partly due to the inability, or lack of effort, to offer online medical content and news in Spanish, targeting Hispanics. Our mission is to present them with easily accessible medical and wellness information using their handheld devices or personal computer. Hispanics want to be heard, and now they have the online medical support they so desperately need.”

saludmóvil™ features exclusive information on medical conditions, as well as unique advice on all areas of health and medicine, such as family medicine and natural remedies. There is also a focus on topics such as food and nutrition, healthy cooking, beauty, fitness, sexual health, and even news regarding healthcare for pets.

saludmóvil™ has partnered with Harvard University’s prestigious Harvard Medical School and will provide the most trustworthy and up-to-date health news by publishing complementary content from the school’s world-renowned Harvard Health Publications.

About saludmóvil™

saludmóvil™’s team of medical experts, and award-winning journalists, understand your healthcare needs. It is a new concept in mobile health, designed specifically to meet the needs of the community, from English-speaking youth to Spanish-speaking seniors. saludmóvil™ is driven to improve the health and wellness of America’s Hispanic communities, where access to quality, affordable health care is a challenge. Founder Joseph Mosquera, MD, is one of the nation’s pioneers in integrative medicine with over 30 years of experience caring for the Latino community. Our passion and purpose lies in helping to improve the health of Hispanics from all corners of the United States. We’re here, in Spanish and English, to support you and answer the real questions you may have about your health and your family’s health. Our team understands that navigating the healthcare system can be overwhelming and confusing. At saludmóvil™, we look to empower our community.

https://saludmovil.com/

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Logo – http://photos.prnewswire.com/prnh/20161110/438563LOGO