This consolidation is an opportunity for Home Depot to better leverage operating efficiencies as we continue to grow our business,

Home Depot, as part of its DNA, really responds to catastrophic events that take place.

Our initial direct cash contribution to the American Red Cross, The Salvation Army and other emergency management agencies was made to meet the immediate need of those affected communities. With Rebuilding Hope & Homes, we can channel the support of our large and loyal customer base to help fund the largest long-term rehabilitation and rebuilding project in our country's history.

As we help empower consumers to reduce their energy costs through products and services, we also believe it is right for us to reduce our company's own consumption and help contribute to the country's energy conservation efforts at this time.

Our thoughts are with everyone who has been affected by this tragic natural disaster. The Home Depot has an extensive history of providing support to our communities as they recover from natural disasters. Through these donations and future volunteer support from our associates, we will continue to play an integral role in our local communities and their rebuilding efforts during the upcoming months. As always, our associates shine their brightest when our communities face their darkest hours.

We are evolving into a company with multiple platforms for growth. Over time, we expect an increasing penetration of our businesses in the professional contractor space. Consistent with our growth strategy, you shouldn't be surprised when we make strategic acquisitions like National Waterworks.