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Lowe's Companies, Inc. reports developments tied to its home improvement retail business, including sales and earnings results, comparable sales trends, annual outlooks, cash dividends, and capital allocation. The company serves do-it-yourself, do-it-for-me, and professional customers through a national store, branch, and distribution network for home decorating, maintenance, repair, remodeling, lawn and garden, and project essentials.
Recurring Lowe's news also covers Pro customer credit and rewards programs, seasonal merchandising events, loyalty offerings such as home maintenance services, supply-chain technology partnerships, and community initiatives focused on housing, local renovation projects, disaster relief, and skilled trades training.
Lowe's (NYSE: LOW) completed its acquisition of Foundation Building Materials (FBM) on Oct. 9, 2025, adding an industry-leading building materials distributor with over 370 locations across the U.S. and Canada.
The deal is intended to expand Lowe's Pro product assortment, speed fulfillment, improve digital tools, and provide a trade credit platform. Management expects the acquisition, together with Artisan Design Group, to strengthen Lowe's Pro footprint in key geographies (California, the Northeast, Midwest) and support growth opportunities within a $250 billion total addressable market.
FBM leadership, led by founder Ruben Mendoza, will remain in place; financial and legal advisors were disclosed.
Lowe's (NYSE:LOW) has launched its new 'Earn Your Sunday' marketing campaign featuring NFL stars Saquon Barkley, Justin Jefferson, Christian McCaffrey, C.J. Stroud, and Dak Prescott. The campaign, part of Lowe's 7th consecutive year as the NFL's official home improvement partner, encourages fans to complete home projects before game day.
The initiative includes a first-ever Earn Your Sunday Tour for MyLowe's Rewards members, featuring interactive experiences at select Lowe's stores and NFL stadiums during NBC Sunday Night Football® games. Lowe's will also serve as the presenting sponsor of Football Night in America, with the campaign running across national television, digital, and social media platforms throughout the NFL season.
Lowe's Companies (NYSE:LOW) announced that its board of directors has declared a quarterly cash dividend of $1.20 per share. The dividend will be paid on November 5, 2025, to shareholders who are on record as of October 22, 2025.
Lowe's (NYSE:LOW) announced that Chairman and CEO Marvin R. Ellison will participate in a fireside chat at the Goldman Sachs 32nd Annual Global Retailing Conference on September 3, 2025, at 1:10 p.m. ET.
Investors can access the audio webcast through Lowe's investor relations website under the "Events & Presentations" section. An archived version of the webcast will be available approximately 24 hours after the event.
Lowe's (NYSE: LOW) has agreed to acquire Foundation Building Materials (FBM) from American Securities and CD&R for $8.8 billion. FBM is a leading North American distributor of interior building products with over 370 locations across the United States and Canada, serving 40,000 Pro customers.
Under American Securities and CD&R ownership, FBM achieved remarkable growth with 27% annual revenue growth and 31% annual EBITDA growth. The company expanded through strategic acquisitions including Beacon Roofing Supply's interior products business, Marjam Supply, Unified Door & Hardware, and REW Materials. FBM also launched a new e-commerce platform and enhanced its commercial capabilities.
The transaction is expected to close in Q4 2025, subject to regulatory approvals.
Lowe's (NYSE:LOW) has announced a definitive agreement to acquire Foundation Building Materials (FBM) for $8.8 billion in cash. FBM is a leading North American distributor of interior building products with over 370 locations serving 40,000 Pro customers across the US and Canada.
FBM generated $6.5 billion in revenue and $635 million in adjusted EBITDA in 2024, with impressive growth rates of 25% revenue CAGR and 30% adjusted EBITDA CAGR from 2019 to 2024. The acquisition, expected to close in Q4 2025, will be financed through short-term and long-term debt, with $9.0 billion in committed bridge financing from Bank of America and Goldman Sachs.
The strategic acquisition enhances Lowe's Total Home strategy by expanding its Pro customer offerings and creates significant cross-selling opportunities with both FBM and the recently acquired Artisan Design Group. The transaction is expected to be accretive to adjusted diluted EPS in the first full year post-closing.
Lowe's (NYSE:LOW) reported Q2 2025 results with net earnings of $2.4 billion and diluted EPS of $4.27, compared to $4.17 in Q2 2024. Excluding $43 million in pre-tax expenses related to the Artisan Design Group (ADG) acquisition, adjusted diluted EPS increased 5.6% to $4.33.
Total sales reached $24.0 billion, up from $23.6 billion year-over-year, with comparable sales increasing 1.1%. The company updated its full-year 2025 outlook, raising total sales guidance to $84.5-85.5 billion from $83.5-84.5 billion, while slightly lowering its operating margin forecast to 12.1-12.2% from 12.3-12.4%.
During Q2, Lowe's completed the ADG acquisition for $1.3 billion and paid $645 million in dividends. The company maintains 1,753 stores across 195.5 million square feet of retail space.
Lowe's Companies (NYSE:LOW) has scheduled its Second Quarter 2025 Earnings Conference Call for Wednesday, August 20, 2025, at 9:00 AM Eastern Time. The company will provide supplemental materials 15 minutes before the call begins.
Investors can access the live webcast through the Quarterly Earnings section of Lowe's Investor Relations website at ir.lowes.com. A replay of the webcast will be available from noon ET on August 20, 2025, through August 19, 2026.
Lowe's Foundation (NYSE:LOW) has expanded its commitment to addressing America's skilled trades labor shortage with an additional investment, bringing the total to $43 million across 28 states. The foundation announced 12 new Gable Grants recipients, expanding its nationwide network to 60 community and technical colleges.
The initiative is part of a five-year, $50 million commitment aimed at preparing 50,000 trades professionals in various fields including carpentry, construction, HVAC, electrical, plumbing, and property maintenance. The program addresses a critical workforce gap that causes a $10 billion annual economic loss in the housing industry, according to the National Association of Homebuilders.
Grant recipients will focus on expanding training capacity, introducing new programs, and implementing innovative solutions such as mobile training units and virtual reality simulation training. Several institutions will specifically address post-disaster recovery needs and support underserved communities.
Lowe's Foundation (NYSE:LOW) has expanded its commitment to addressing America's skilled trades labor shortage with an additional investment, bringing total funding to $43 million across 28 states. The foundation announced 12 new Gable Grants recipients, expanding its nationwide network to 60 community and technical colleges.
This initiative is part of a five-year, $50 million commitment aimed at preparing 50,000 trades professionals in various fields including carpentry, construction, HVAC, electrical, plumbing, and property maintenance. The program addresses a critical workforce gap that causes a $10 billion annual economic loss in the housing industry, according to the National Association of Homebuilders.
Notable recipients include institutions focusing on disaster recovery, infrastructure projects, and specialized programs for underserved communities, with several schools receiving second-round funding to expand existing successful programs.