Key Developments: Lowe's Companies Inc (LOW)

LOW on New York Consolidated

47.58USD
21 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Lowe's Companies Inc reaffirms FY 2014 outlook; raises FY 2014 EPS outlook
Wednesday, 21 May 2014 06:00am EDT 

Lowe's Companies Inc:Expects FY 2014 total sales to increase about 5 pct.Expects FY 2014 comparable sales to increase about 4 pct.Expects FY 2014 diluted earnings per share of about $2.63.Reported revenue of $53.417 bln in FY 2013.FY 2014 revenue of $56.064 bln, EPS of $2.61 - Thomson Reuters I/B/E/S.  Full Article

Lowe's Companies declares cash dividend
Friday, 21 Mar 2014 04:30pm EDT 

Lowe's Companies, Inc:Declares a quarterly cash dividend of $0.18 per share.Payable May 7, to shareholders of record as of April 23.  Full Article

Lowe's Companies Inc's Kobalt launches line of cordless outdoor power equipment
Thursday, 27 Feb 2014 09:05am EST 

Lowe's Companies Inc:Kobalt brand entry into the outdoor power equipment category with spring launch of new line featuring seven cordless tools.Hedge trimmer, blower, chainsaw, string trimmer/edger, pole saw and two lawn mowers.Exclusively available at Lowe's, Kobalt cordless outdoor power tools all operate off a single, interchangeable, 40-volt lithium ion battery system providing extended runtime and incredible power.  Full Article

Lowe's Companies, Inc issues FY 2014 guidance in line with analysts' estimates; issues FY 2014 comparable sales guidance; issues FY 2014 EPS guidance
Wednesday, 26 Feb 2014 06:00am EST 

Lowe's Companies, Inc:Expects FY 2014 total sales are expected to increase about 5 pct.Expects FY 2014 comparable sales are expected to increase about 4 pct.Expects FY 2014 diluted EPS of about $2.60.Says it reported revenue of $53.4 bln in FY 2013.FY 2014 revenue of $56.2 bln and EPS of $2.64 - Thomson Reuters I/B/E/S.  Full Article

Lowe's Companies Inc Raises FY 2013 Guidance; Raises FY 2013 Comparable Same Store Sales Guidance
Wednesday, 20 Nov 2013 06:00am EST 

Lowe's Companies Inc announced that for fiscal 2013, it expects total sales to increase approximately 6%. Comparable sales are expected to increase approximately 5% and diluted earnings per share (EPS) of approximately $2.15 (versus $2.10 on August 21, 2013). The Company reported revenue of $50.5 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report sales of $53.1 billion and EPS of $2.19 for fiscal 2013.  Full Article

Lowe's Companies Inc Declares Cash Dividend
Friday, 15 Nov 2013 10:36am EST 

Lowe's Companies, Inc announced that it has declared a quarterly cash dividend of $0.18 per share, payable February 5, 2014, to shareholders of record as of January 22, 2014.  Full Article

Lowe's Companies Inc Prices $1.0 Billion Notes Offering
Wednesday, 4 Sep 2013 05:45pm EDT 

Lowe's Companies Inc announced that it has agreed to sell $500 million of 3.875% Notes due 2023 and $500 million of 5% Notes due 2043. Estimated net proceeds from this offering will be approximately $984 million, after deducting offering expenses and underwriters` discounts. Lowe`s intends to use the net proceeds from the sale of the Notes for general corporate purposes. Closing is expected to occur on September 11, 2013. Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, and SunTrust Robinson Humphrey, Inc. are acting as joint book-running managers for the notes offering.  Full Article

Lowe's Companies Inc Completes Acquisition Of 72 Orchard Supply Hardware Stores
Friday, 30 Aug 2013 09:35am EDT 

Lowe's Companies Inc announced the completion of its previously announced acquisition of the majority of assets of Orchard Supply Hardware, including 72 Orchard stores, for approximately $205 million in cash, plus the assumption of payables owed to nearly all of Orchard`s supplier partners. Orchard will continue to operate as a separate, standalone business, retaining its brand and its San Jose headquarters. Goldman Sachs acted as financial advisor to Lowe`s, while Hunton & Williams LLP acted as legal advisor.  Full Article

Lowe's Companies Inc Declares Cash Dividend
Friday, 23 Aug 2013 04:30pm EDT 

Lowe's Companies Inc announced that it has declared a quarterly cash dividend of $0.18 per share, payable November 6, 2013, to shareholders of record as of October 23, 2013.  Full Article

Lowe's Companies Inc Raises FY 2013 Guidance; Raises FY 2013 Comparable Same Store Sales Guidance
Wednesday, 21 Aug 2013 06:00am EDT 

Lowe's Companies Inc announced that for fiscal 2013, it expects total sales to increase approximately 5%. Comparable sales are expected to increase approximately 4.5%. Diluted earnings per share (EPS) are the expected of approximately $2.10. The Company reported revenue of $50.5 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report sales of $52.16 billion and EPS of $2.10 for fiscal 2013.  Full Article

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