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Lowe's Companies Inc (LOW.N)

LOW.N on New York Stock Exchange

76.80USD
22 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Lowe's on conf call- FY Outlook for home improvement industry remains positive
Wednesday, 18 May 2016 10:04am EDT 

Lowe's Cos Inc : Healthy macro fundamentals, favorable weather and compelling offers drove q1 comp growth above our expectations . In presentation - Q1 sales of lawn and garden, lumber and building materials, paint, tools and hardware, millwork above average . In presentation - Q1 sales of appliances, flooring, kitchens, outdoor power equipment, seasonal living below average . In presentation - key drivers of home improvement spending are real disposable personal income, home prices and housing turnover . Outlook for home improvement industry remains positive, supported by strong gains in job market and income growth and housing trends . In presentation - rising home prices motivating homeowners to invest in their homes . On conf call- achieved double-digit Q1 comps in lumber and building materials driven by continued surge in outdoor construction projects . Q1 gross margin contracted due to strong performance in lower margin categories such as lumber and building materials . CFO- confident in our plans and hope to sustain momentum, believe it's prudent to maintain previously provided outlook Further company coverage: [LOW.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

A.G. Schneiderman settles with Home Depot and Lowe’s over alleged violations of state law protecting New York waters
Wednesday, 18 May 2016 08:28am EDT 

A.G. Schneiderman announces settlement with home depot and lowe’s over alleged widespread violations of state law protecting new york waters : Home depot will pay $78,000 and lowe’s will pay $52,000, in penalties to new york state for the alleged violations . Separate settlements with home depot,lowe’s home centers over alleged violations of 2010 state law designed to reduce water pollution .90% of home depot stores and lowe’s stores – 16 of 18 – in new york inspected had one or more alleged violations of the law.  Full Article

Lowe's says Q1 same store sales rose 7.3 percent
Wednesday, 18 May 2016 06:18am EDT 

Lowe's Companies Inc : Lowe's reports first quarter sales and earnings results . Q1 earnings per share $0.98 . Q1 sales $15.2 billion versus i/b/e/s view $14.87 billion . Q1 same store sales rose 7.3 percent . Q1 earnings per share view $0.85 -- Thomson Reuters I/B/E/S . Sees for 2016, total sales are expected to increase approximately 6 percent, including 53 rd week . Q1 results include an unrealized gain on a foreign currency which increased pre-tax earnings for q1 by $0.11per share . Sees comparable sales are expected to increase approximately 4 percent in fiscal year 2016 . Says diluted earnings per share of approximately $4.11 are expected for fiscal year ending february 3, 2017 . Lowe's business outlook excludes impact of pending rona acquisition . Says 53 rd week is expected to increase total sales by approximately 1.5 percent .Says lowe's business outlook excludes impact of pending rona acquisition.  Full Article

Lowe's says Rona deal approved by Competition Bureau, Investment Canada Act
Friday, 13 May 2016 08:32am EDT 

Lowe's Companies Inc : Lowe's receives Investment Canada approval and Competition Bureau clearance for its pending acquisition of Rona . Company expects deal to close on May 20 .Lowe's receives Investment Canada approval and Competition Bureau clearance for its pending acquisition of Rona.  Full Article

Canada approves Lowe's application to acquire control of RONA
Friday, 13 May 2016 08:32am EDT 

Innovation, Science and Economic Development Canada:Canada approves Lowe's application to acquire control of RONA.  Full Article

Lowe's Companies Inc prices notes offering
Monday, 11 Apr 2016 06:17pm EDT 

Lowe's Companies Inc:Says has agreed to sell $250 million of Floating Rate Notes due 2019, $350 million of 1.15% Notes due 2019, $1.35 billion of 2.50% Notes due 2026 and $1.35 billion of 3.70% Notes due 2046.Estimated net proceeds from this offering will be approximately $3.26 billion, after deducting offering expenses and underwriters' discounts.Estimated net proceeds from this offering will be approximately $3.26 billion, after deducting offering expenses and underwriters' discounts.  Full Article

Lowe's Companies Inc declares cash dividend
Friday, 18 Mar 2016 04:30pm EDT 

Lowe's Companies Inc:Declared a quarterly cash dividend of $0.28 per share.Payable on May 4 to shareholders of record date as of April 20.  Full Article

Lowe's Companies, Inc gives FY 2016 guidance
Wednesday, 24 Feb 2016 06:00am EST 

Lowe's Companies, Inc:Expects FY 2016 sales are expected to increase about 6 percent.Expects FY 2016 diluted earnings per share of about $4.00.  Full Article

Lowe's Companies Inc to acquire Rona Inc
Wednesday, 3 Feb 2016 06:00am EST 

Rona Inc:Says the company and Lowe's Companies Inc have entered into a definitive agreement under which Lowe's is expected to acquire all of the issued and outstanding common shares of RONA.Deal for C$24 per share in cash and all of the issued and outstanding preferred shares of Rona for C$20 per share in cash.Total transaction value is C$3.2 billion (US$2.3 billion).Lowe anticipates the transaction will be accretive to Lowe's earnings in the first year following the close of the acquisition.Transaction has been unanimously approved by the Boards of Directors of Lowe's and RONA.Says the Canadian operations will be led by Sylvain Prud'homme, president of Lowe's Canada.  Full Article

Lowe's Companies, Inc. Declares Cash Dividend
Friday, 13 Nov 2015 04:30pm EST 

Lowe's Companies, Inc:declared a quarterly cash dividend of $0.28 per share.payable February 3, 2016, to shareholders of record as of January 20, 2016.  Full Article

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