Bob Nardelli Dramatic Quotations

We are poised for dramatic growth over the next five years across our business. Our planned acquisition of Hughes Supply is a great example of how we are rapidly replicating in the professional market the same type of transformation that we brought to the home improvement retail market.

The tough economy has put tremendous pressure on fourth-quarter sales performance and increased competition for share of the consumers' wallets, ... While home improvement is a high priority for our customers, they are also facing immediate and dramatic pressures in a number of areas, including record cold weather and rising energy costs, investment losses, higher interest rates and increasing consumer debt levels.