ATLANTA (AP) — Home Depot is paying out one-time bonuses of up to $1,000 in cash to its hourly workers in the U.S., citing the recent tax overhaul.READ MORE: Three Endangered Florida Panthers Struck, Killed This Past WeekWhite House Moves To Loosen Remittance, Flight Rules On Cuba
Home Depot Inc. said Thursday that the one-time bonus will be distributed in the current quarter. Existing bonuses will be paid out as well.
The Atlanta company anticipates an approximately $150 million fourth-quarter charge mostly tied to taxes on unremitted offshore earnings. It expects the charge, plus the one-time bonus, to trim its fiscal 2017 earnings outlook by about 19 cents per share.MORE NEWS: Rematch: Panthers, Lightning Set To Meet Again In Playoffs
(© Copyright 2018 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)