Key Developments: Lowe's Companies Inc (LOW)

LOW on New York Consolidated

53.22USD
23 Sep 2014
Price Change (% chg)

$-0.24 (-0.45%)
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Latest Key Developments (Source: Significant Developments)

Lowe's Companies Inc prices $1.25 billion notes offering
Wednesday, 3 Sep 2014 04:56pm EDT 

Lowe's Companies Inc:Agrees to sell $450 mln of Floating Rate Notes due 2019, $450 million of 3.125 pct Notes due 2024 and $350 mln of 4.250 pct Notes due 2044.Estimated net proceeds from this offering will be about $1.24 bln, after deducting offering expenses and underwriters' discounts.Intends to use net proceedsfor general corporate purposes.Closing is expected to occur on Sept. 10.Goldman, Sachs & Co., U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for notes offering.  Full Article

Lowe's Companies Inc declares cash dividend
Friday, 22 Aug 2014 04:30pm EDT 

Lowe's Companies Inc:Declares a quarterly cash dividend of $0.23 per share.Payable Nov. 5, to shareholders of record as of Oct. 22.  Full Article

Lowe's Companies Inc lowers FY 2014 revenue and comparable sales outlook; reaffirms FY 2014 EPS outlook - Conference Call
Wednesday, 20 Aug 2014 09:00am EDT 

Lowe's Companies Inc:Expects FY 2014 total sales increase of about 4.5 pct driven by a comparable sales increase of 3.5 pct and the opening of 10 Home Improvement stores and five Orchard locations.FY 2014 sales outlook is modestly lower as result of year-to-date performance.Expect earnings per share of about $2.63 for FY 2014.Reported revenue of $53.417 bln in FY 2013.FY 2014 revenue of $55.875 bln, EPS of $2.62 - Thomson Reuters I/B/E/S.  Full Article

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

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