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Lowe's names five EVPs effective Sept 1, 2026 to sharpen Total Home execution
Joseph M. McFarland III becomes EVP, Pro and Home Services, effective Sept 1, 2026.
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Lowe's Q2 2026: Adjusted EPS $4.40 (+1.6%), comp sales +0.2%, online +15.7%
Diluted EPS $4.27; adjusted diluted EPS $4.40, up 1.6% YoY; includes $0.11 IEEPA tariff refund benefit.
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Lowe's annual meeting elects 12 directors; all shareholder proposals fail
All 12 director nominees elected with 395M+ votes for each; average ~94% support excluding broker non-votes.
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Lowe's Q1 2026 EPS $2.90 GAAP, $3.03 adjusted; comp sales +0.6%
Diluted EPS $2.90 (GAAP), adjusted diluted EPS $3.03 (+3.8% YoY).
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Lowe's Q4 2025: Comparable sales +1.3%, adjusted EPS $1.98, total sales $20.6B
Q4 diluted EPS $1.78 (vs $1.99 prior year); adjusted diluted EPS $1.98, up 2.6% YoY.
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Lowe's Q3 GAAP EPS $2.88 ($3.06 adj); comp sales +0.4%; rev $20.8B
Net earnings $1.6B; GAAP diluted EPS $2.88 vs $2.99 YoY; adjusted EPS $3.06 (+5.9%).
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Lowe's completes $8.8B acquisition of Foundation Building Materials, draws $2B term loan
Completed acquisition of FBM for $8.8B cash on Oct 9, 2025.
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Lowe's issues $5.0B in unsecured notes across five tranches with maturities 2027-2035
Issued $5.0B aggregate principal of unsecured notes: $650M 3.950% due Oct 2027, $750M 4.000% due Oct 2028, $1.1B 4.250% due Mar 2031, $1.3B 4.500% due Oct 2032, $1.2B 4.850% due Oct 2035.
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Lowe's enters $5B in new credit facilities to fund $8.8B acquisition of ASP Flag Parent
Entered $2.0B 5-year unsecured revolving credit facility and $2.0B 3-year term loan on Sept 16, 2025.
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Lowe's Q2 2025 EPS $4.27 beats $4.17; comp sales +1.1%
Net earnings $2.4B; diluted EPS $4.27; adjusted diluted EPS $4.33 (+5.6% YoY).
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Lowe's acquires FBM for $8.8B cash; expected close Q4 2025
Deal: Lowe's acquires FBM for $8.8B in cash, expected to close in Q4 2025.
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Lowe's shareholders elect all 12 director nominees, approve say-on-pay, ratify auditor
All 12 director nominees elected; Marvin Ellison received 389.1M for (93.4% of votes cast).
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Lowe's Q1 EPS $2.92 (-4.6% YoY), revenue $20.9B (-2.3%), comps -1.7%, affirms FY2025 outlook
Diluted EPS of $2.92 vs $3.06 in Q1 2024, down 4.6%; net earnings $1.6B.
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Lowe's Q1 net earnings $1.6B, EPS $2.92; comps -1.7%; reaffirms FY outlook
Net earnings $1.6B, diluted EPS $2.92 (down 4.6% YoY from $3.06); total sales $20.9B (-2.3% YoY).
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Lowe's Q4 2024 EPS $1.99, adjusted $1.93; comp sales +0.2%
Diluted EPS $1.99 vs $1.77 prior year; adjusted EPS $1.93 excluding $0.06 Canadian gain.
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Lowe's unveils 2025 Total Home Strategy, targets $1B in annual cost savings, affirms FY2024 outlook
New five-pillar strategy: Pro penetration, online sales, home services, loyalty ecosystem, space productivity.
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Lowe's Q3 2024 EPS $2.99 ($2.89 adj), revenue $20.2B, comp sales -1.1%
Diluted EPS $2.99 (down 2% YoY); adjusted diluted EPS $2.89 excluding $54M gain from Canadian sale.
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Lowe's Q2 diluted EPS $4.17, comparable sales -5.1%; Pro comps positive mid-single-digit
Net earnings $2.4B; diluted EPS $4.17 vs $4.56 YoY; adjusted diluted EPS $4.10.
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Lowe's shareholders re-elect all 13 directors, approve executive pay and auditor
All 13 director nominees elected; votes for ranged from 389.3M to 423.0M, with ~85.1M broker non-votes.
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Lowe's Q1 2024 diluted EPS $3.06, sales $21.4B, comps -4.1%
Diluted EPS $3.06 vs $3.77 prior year (incl. Canadian gain); prior-year adjusted EPS $3.67.
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Lowe's Q4 comp sales down 6.2%; diluted EPS $1.77; provides FY2024 outlook
Q4 net earnings $1.0B, diluted EPS $1.77 (vs $1.58 prior year including Canadian sale costs).
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Lowe's Q3 2023: Comp sales down 7.4%, EPS $3.06 vs $3.27 adj. prior year
Net earnings $1.8B, diluted EPS $3.06; prior-year EPS $0.25 included $2.1B Canadian impairment.
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Lowe's director Daniel J. Heinrich resigns from board effective Oct 23, 2023
Daniel J. Heinrich resigned as director of Lowe's, effective October 23, 2023.
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Lowe's enters $2B unsecured revolving credit facility due 2028
$2B unsecured revolver maturing Sep 1, 2028; can be increased by $500M with lender consent.
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Lowe's Q2 2023 EPS $4.56 vs $4.67 YoY; sales $25.0B, comps -1.6%
Net earnings of $2.7B; diluted EPS $4.56 vs $4.67 in Q2 2022.
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Lowe's shareholders re-elect all 12 directors, approve say-on-pay and auditor, reject independent chairman proposal
All 12 director nominees elected with >416M votes for each; broker non-votes 87.4M.
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Lowe's Q1 diluted EPS $3.77, comp sales -4.3%; cuts FY2023 outlook
Q1 diluted EPS $3.77 (adjusted $3.67, +5% YoY); net earnings $2.3B.
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Lowe's issues $3.0B of unsecured notes in four tranches with maturities from 2026 to 2063
Issued $1.0B 4.800% Notes due 2026, $1.0B 5.150% Notes due 2033, $500M 5.750% Notes due 2053, $500M 5.850% Notes due 2063.
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Lowe's Q4 2022: Adj. EPS $2.28 (+28% YoY), US comp sales -0.7%, provides FY2023 outlook
Diluted EPS $1.58 (GAAP); adjusted diluted EPS $2.28, up 28% YoY.
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Lowe's amends credit agreements to replace LIBOR with SOFR and modifies asset disposition covenant
Entered Amendment No. 1 to 2021 Credit Agreement and Amendment No. 2 to 2020 Credit Agreement on Jan 17, 2023.
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Lowe's affirms FY2022 outlook, announces new $15B share repurchase program
Affirms FY2022 outlook: total sales $97–98B, adj. EPS $13.65–13.80, comp sales flat to down 1%.
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Lowe's Q3 adjusted EPS $3.27, +19.8% YoY; US comps up 3%; raises FY outlook
Adjusted diluted EPS $3.27 (ex $2.1B Canadian impairment), up 19.8% YoY; GAAP EPS $0.25.
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Lowe's amends bylaws to strengthen shareholder nomination and proposal rules
Board approved amendments effective Nov 11, 2022, to Article II, Sections 8, 11, 12, 14 of Bylaws.
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Lowe's sells Canadian retail business to Sycamore Partners for $400M
Sale price $400M cash plus performance-based deferred consideration; buyer Sycamore Partners.
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Lowe's issues $4.75B in unsecured notes across four tranches with maturities to 2062
Issued $4.75B notes: $1.0B 4.400% '25, $1.25B 5.000% '33, $1.5B 5.625% '53, $1.0B 5.800% '62
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Lowe's Q2 EPS $4.67 beats prior year; US comp sales +0.2%, total comp -0.3%
Diluted EPS $4.67 vs $4.25 YoY (+9.9%); net earnings $3.0B in line with prior year.
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Lowe's elects Scott H. Baxter, Kontoor CEO, to its board of directors
Scott H. Baxter elected as director effective August 4, 2022.
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Lowe's shareholders approve LTIP amendment and advisory pay vote; non-binding pay gap proposal passes
Shareholders voted to approve Amended 2006 LTIP: 10-year extension, $750K director award cap, 1-year minimum vesting.
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Lowe's Q1 EPS $3.51 beats $3.21; sales $23.7B down 4%; affirms FY guidance
Net earnings $2.3B, diluted EPS $3.51 (up 9.3% from $3.21); total sales $23.7B vs $24.4B.
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Lowe's appoints Brandon Sink as CFO; reaffirms FY2022 outlook
Brandon Sink appointed EVP, CFO effective April 30, 2022, succeeding Dave Denton who resigned to take another role outside industry.
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Lowe's issues $5B in four tranches of unsecured notes due 2027-2062
Issued $5B aggregate: $750M 3.35% notes due 2027, $1.5B 3.75% due 2032, $1.5B 4.25% due 2052, $1.25B 4.45% due 2062.
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Lowe's amends bylaws to align with North Carolina corporate law updates
Board approved amendments effective March 18, 2022 to Sections 4, 6, 10, 13 (Art. II) and Section 10 (Art. III).
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Lowe's Q4 EPS $1.78 beats adj. $1.33; revenue $21.3B; raises FY2022 outlook
Q4 diluted EPS $1.78 ($1.2B net) vs $1.32 LY; adjusted EPS up 34% to $1.78.
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Lowe's provides FY2022 outlook: sales $94-97B, EPS $12.25-$13.00; board approves $13B share repurchase program
Board authorized new $13B share repurchase program; total authorization ~$20B including $7.3B remaining from prior program.
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Lowe's Q3 EPS $2.73 beats; raises FY outlook; US comp +2.6%; $12B buyback plan
Net earnings $1.9B, diluted EPS $2.73; adjusted EPS $2.73, up 38% YoY from $1.98.
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Lowe's issues $2.0B in unsecured notes in two tranches with tenors 2028 and 2041
Issued $1.0B of 1.700% Notes due Sept 15, 2028 and $1.0B of 2.800% Notes due Sept 15, 2041.
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Lowe's Q2 EPS $4.25 (up 13% adj.), revenue $27.6B, raises FY2021 outlook
Diluted EPS $4.25 (up 13% adjusted vs $3.75); net earnings $3.0B.
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Director Angela Braly resigns from Lowe's Board effective July 29, 2021
Angela Braly resigned from the Board of Directors effective July 29, 2021.