FFO of $0.44 per diluted share for Q3 2025, up from $0.43 in Q3 2024, on $300.3 million in Funds From Operations.
Pro-rata leasing metrics: overall occupancy rose to 95.7%, small shop occupancy to 92.5%, and the leased-to-economic spread widened to 360 bps (≈$71 million in future ABR).
4% quarterly dividend increase to $0.26 per common share, payable December 19, 2025.
Full-year guidance raised: net income outlook of $0.77–$0.79 and FFO of $1.75–$1.76 per diluted share for 2025.

Oct 30, 2025, 10:50 AM

Press Release

Lowe’s sued by Alpha Modus for alleged AI patent infringement

LOW

Legal Proceedings

Alpha Modus, Corp. filed a patent infringement complaint against Lowe’s Companies, Inc. and Lowe’s Home Centers, LLC in the U.S. District Court for the Eastern District of Texas (Civil Action No. 2:25-cv-01026).
The suit alleges unauthorized use of six U.S. patents covering AI-driven retail analytics technologies for real-time inventory management, personalized promotions, store layout optimization, and behavioral engagement.
Accused systems include Lowe’s Dwell heat-mapping platform, Axis/Genetec camera network, Store Digital Twin, One Roof Media Network, MyLow Companion AI app, and Innovation Labs initiatives.
The allegedly infringing technologies are deployed across more than 1,700 U.S. retail locations.

Oct 14, 2025, 1:49 PM

Press Release

Lowe’s completes acquisition of Foundation Building Materials

LOW

M&A

Debt Issuance

Acquisition closed for $8.8 billion in cash, subject to customary adjustments, under the Stock Purchase Agreement dated August 19, 2025.
Drew down the entire $2.0 billion unsecured term loan facility (maturing three years from signing) to fund a portion of the purchase price and related fees.
Adds FBM’s 370+ locations across the U.S. and Canada, enhancing Lowe’s Pro footprint and supporting its Total Home strategy within a $250 billion total addressable market.
FBM’s founder, Ruben Mendoza, and its senior leadership team (200+ years of combined experience) remain in place to serve professional construction customers.

Oct 9, 2025, 11:32 AM

8-K

Lowe’s completes acquisition of Foundation Building Materials

LOW

M&A

Lowe’s completed the acquisition of Foundation Building Materials, an industry-leading distributor with over 370 locations across the U.S. and Canada.
The deal is expected to enhance Lowe’s Pro segment through expanded product assortment, faster fulfillment, improved digital tools, and a robust trade credit platform.
The acquisition accelerates Lowe’s Total Home strategy in a $250 billion addressable market and bolsters its Pro presence in California, the Northeast, and the Midwest.
FBM will continue under founder Ruben Mendoza and its senior leadership team, preserving its operational expertise and customer relationships.

Oct 9, 2025, 11:30 AM

Press Release

Lowe’s Companies issues $5 billion of unsecured senior notes

LOW

Debt Issuance

$5.0 billion of unsecured senior notes issued across five tranches: $650 million at 3.95% due 2027; $750 million at 4.00% due 2028; $1.1 billion at 4.25% due 2031; $1.3 billion at 4.50% due 2032; and $1.2 billion at 4.85% due 2035.
Net proceeds of approximately $4.97 billion after underwriting discounts and expenses.
Notes rank equally with existing and future unsecured senior indebtedness and are governed by an amended and restated indenture dated December 1, 1995, as supplemented September 30, 2025.
Interest on all notes is paid semi-annually (April 15/October 15 or March 15/September 15), and the company does not intend to list the notes on any securities exchange.

Sep 30, 2025, 8:01 PM

8-K

Lowe’s enters new credit facilities and amends existing credit agreement

LOW

Debt Issuance

Lowe’s entered into a new Credit Agreement dated September 16, 2025, establishing a syndicated revolving credit facility with Bank of America, Wells Fargo, U.S. Bank, Barclays, Citibank, Goldman Sachs and JPMorgan Chase as agents (Exhibit 10.1).
The company executed a Term Loan Credit Agreement on the same date, providing up to $2.0 billion of term loans (Exhibit 10.2).
Lowe’s also secured a 364-day revolving credit facility of up to $1.0 billion under a separate agreement dated September 16, 2025 (Exhibit 10.3).
Amendment No. 1 to its Amended and Restated Credit Agreement, dated September 16, 2025, was executed to modify terms of its existing credit facility (Exhibit 10.4).

Sep 19, 2025, 1:10 PM

8-K

Lowe’s discusses FBM acquisition and marketplace launch

LOW

M&A

New Projects/Investments

Lowe’s agreed to acquire Foundation Building Materials to complement ADG, adding a $250 billion total addressable pro market, 370 branches, and fleet capabilities (1,200 boom trucks, etc.) for large-order fulfillment
Q2 comps improved from negative to 4.7% positive in July on seasonal weather shifts and strong home improvement categories, though management remains cautious on tariff-driven cost pressures
Management views a sub-6% mortgage rate as the psychological unlock for homeowners holding $33 trillion in home equity "lock-in," positioning Lowe’s to serve both new-build and remodel demand
Lowe’s has rebalanced its global sourcing to 60% U.S., 20% China, and 10% Mexico, employing a dynamic, value-focused pricing approach to mitigate tariff risks
The company launched a closed Mirakl-based marketplace, achieving the platform’s fastest customer rollout, and is planning integration with stores and existing fulfillment networks

Sep 3, 2025, 6:10 PM

Lowe’s indicates consumers delay discretionary spending pending economic confidence

LOW

Demand Weakening

President Trump has intensified public and potential executive actions to undermine Fed Chair Powell’s independence—pressuring for quicker, larger rate cuts despite limited ability to remove him—which raises political risk around future monetary policy.
Market takeaway: investors rotated out of tech into defensives and small caps, while manufacturing activity hit a 3-year high, but rising input prices cloud the outlook for a September rate cut.
Lowe’s CEO notes consumers are waiting for more economic confidence before discretionary spending, with 71% of homeowners who plan DIY projects to save money and 62% increasingly concerned about maintenance costs versus end-2024.
Angi reports 25% of homeowners end up hiring professionals after DIY attempts—often at higher cost—with painting and landscaping as the most common DIY tasks, while skilled trades like electrical and HVAC remain outsourced.

Aug 21, 2025, 10:00 PM

Yahoo Finance

Lowe’s announces Q2 2026 results and FBM acquisition

LOW

Earnings

M&A

Guidance Update

Lowe’s reported $24.0 B in Q2 sales, 1.1 % comparable sales growth and $4.33 adjusted EPS (+5.6 %), with adjusted operating margin of 14.7 % (+23 bps).
In strategic M&A, Lowe’s closed the Artisan Design Group acquisition and agreed to acquire Foundation Building Materials for $8.8 B (13.4× adj EBITDA), expected to close in 2025 and be accretive to adjusted EPS; share repurchases paused pending deleveraging.
Updated full-year 2025 outlook to $84.5–85.5 B in sales, comps flat to +1 %, adjusted operating margin 12.2–12.3 %, adjusted EPS $12.20–12.45; Q3 comps ~+125 bps vs. guide floor and margin ~–20 bps vs. prior year.
Generated $3.7 B in free cash flow in Q2, invested $495 M in CapEx, paid $645 M in dividends, ended quarter with adjusted debt/EBITDAR of 2.96× and $4.9 B in cash.

Aug 20, 2025, 5:30 PM

Lowe’s discusses demand headwinds and strategic investments at Oppenheimer Conference

LOW

M&A

Demand Weakening

Lowe’s sees a healthy homeowner but notes near-term headwinds from elevated mortgage and short-term rates driving housing turnover to three-decade lows; remains optimistic on medium-to-long-term demand given aging housing stock, record equity, and rising disposable income.
20% of purchases are exposed to China tariffs; after pausing at 145%, Lowe’s resumed imports at 30% and is managing risk via supplier negotiations, sourcing diversification, and a portfolio pricing approach to remain competitive.
Under Marvin Ellison, Lowe’s has modernized systems (phased out a 30-year green-screen), overhauled supply chain, launched a loyalty program, rolled out urban/rural store segmentation, and grown e-commerce from 4% to 12% of sales, now adding a marketplace via a Mirakl partnership.
Pro business focus on small-medium customers includes private brand balance, job-site delivery, and an endless-aisle digital catalog; acquired ADG to enter the $50 billion plan-pro market in residential construction and multifamily across 18 states.
Capital priorities remain organic/inorganic investment, a 35% dividend payout, and remaining cash to buybacks (paused this year to fund ADG); targeting 2.75× leverage and a BBB+ rating, with no near-term debt refinancing.

Jun 11, 2025, 6:56 PM

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