All articles tagged with #lowes
Originally Published 13 days ago — by Cleveland.com
Lowe's has announced an $8.8 billion cash acquisition of Foundation Building Materials to expand its services for professional builders and contractors across North America, aiming to strengthen its market position and compete more effectively with Home Depot.
Originally Published 3 months ago — by Syracuse.com
Lowe's has completed its acquisition of Foundation Building Materials for nearly $9 billion, expanding its offerings to professional builders with 370 locations across the US and Canada, aiming to enhance market penetration and serve the growing housing market.
Originally Published 3 months ago — by TheStreet
Lowe's has completed an $8.8 billion acquisition of Foundation Building Materials to expand its offerings for professional customers and boost sales amid challenging market conditions, following a similar move by rival Home Depot. Despite slight sales increases, Lowe's faces declining customer visits and cautious consumer behavior due to economic factors like high mortgage rates and a sluggish housing market.
Originally Published 3 months ago — by MLive.com
Lowe's has completed an $8.8 billion acquisition of California-based Foundation Building Materials (FBM), a major distributor of construction and home repair products, to expand its market reach and serve large professional customers, while allowing FBM to operate independently under its founder.
Originally Published 3 months ago — by ABC News - Breaking News, Latest News and Videos
Francine, a beloved store cat at a Virginia Lowe's, was missing for over two weeks before being found in North Carolina, thanks to community efforts and a viral campaign, and has now returned home safely with a new harness and tracking tag.
Originally Published 4 months ago — by PennLive.com
Lowe's plans to acquire Foundation Building Materials for $8.8 billion to enhance its distribution capabilities, digital tools, and cross-selling opportunities, with the deal expected to close in late 2025.
Originally Published 4 months ago — by NBC News
Lowe's is offering up to 40% off on various products including gardening supplies, appliances, and outdoor equipment during its Labor Day sale, which runs through September 3 both online and in stores, with many items available for same-day delivery.
Originally Published 4 months ago — by Forbes
Target's sales declined again due to tariff uncertainties but less than before, while Lowe's exceeded earnings expectations and announced a strategic acquisition, highlighting the mixed impact of tariffs on major retailers amid ongoing economic volatility.
Originally Published 4 months ago — by TipRanks
Lowe's stock rose after announcing an $8.8 billion acquisition of Foundation Building Materials to accelerate its Total Home strategy and enhance its professional builder market segment, with the deal expected to close in Q4. The company also recently acquired Artisan Design Group, and its Q2 earnings exceeded expectations, prompting an upward revision of its full-year sales outlook. Analysts give Lowe's a Moderate Buy rating with a target price of $262.43.
Originally Published 4 months ago — by MarketWatch
Lowe's announced an $8.8 billion cash acquisition of Foundation Building Materials to expand its professional offerings, while also reporting a quarterly earnings beat and outperforming Home Depot in comparable sales growth, signaling strong performance and strategic expansion in the home improvement sector.
Originally Published 4 months ago — by CNBC
Lowe's exceeded earnings expectations in Q2, driven by increased demand for home projects and strategic acquisitions, including an $8.8 billion deal to buy Foundation Building Materials to strengthen its professional customer base, with full-year sales outlook raised slightly despite a challenging housing market.
Originally Published 4 months ago — by Lowe’s Corporate
Lowe's has announced a $8.8 billion agreement to acquire Foundation Building Materials, a leading North American distributor of interior building products, aiming to enhance its offerings for professional customers and drive long-term growth.
Originally Published 4 months ago — by Lowe’s Corporate
Lowe's reported a Q2 2025 net earnings of $2.4 billion and diluted EPS of $4.27, with a 1.1% increase in comparable sales, and updated its full-year outlook to reflect the acquisition of Artisan Design Group, expecting total sales of $84.5-$85.5 billion and adjusted EPS of $12.20-$12.45.
Originally Published 1 year ago — by TheStreet
Lowe's is experiencing a decline in sales and store visits, attributed to economic pressures such as high mortgage rates and inflation, which are causing consumers to cut back on large home improvement projects. The company's third-quarter earnings report for 2024 showed a 1% drop in comparable sales and a 4.6% decline in net earnings year-over-year. CEO Marvin Ellison highlighted that while interest rates are decreasing, affordability challenges persist. Lowe's is focusing on long-term factors like increasing home values and disposable income to boost future sales, while also emphasizing value for customers.
Originally Published 1 year ago — by Benzinga
Lowe's reported better-than-expected Q3 earnings with an EPS of $2.89 and sales of $20.170 billion, surpassing analyst estimates. However, comparable sales fell by 1.1% due to weak demand for big-ticket DIY items, despite gains from storm-related sales and online growth. The company revised its FY24 guidance slightly upward, anticipating a smaller decline in comparable sales than previously expected. Despite the positive earnings, Lowe's shares fell 1.02% in premarket trading.