Recent Releases

09/03/14 - Lowe's Prices $1.25 Billion Notes Offering
MOORESVILLE, N.C., Sept. 3, 2014 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today it has agreed to sell $450 million of Floating Rate Notes due 2019, $450 million of 3.125% Notes due 2024 and $350 million of 4.250% Notes due 2044. Estimated net proceeds from this offering will be approximately $1.24 billion, 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
08/27/14 - Lowe's to Webcast Presentation from the Goldman Sachs 21st Annual Global Retailing Conference
MOORESVILLE, N.C., Aug. 27, 2014 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announces that Michael A. Jones, chief customer officer, will present at the Goldman Sachs 21st Annual Global Retailing Conference in New York, NY.   What: Presentation by Mike Jones at the Goldman Sachs 21st Annual Global Retailing Conference in New York, NY   When: 11:20 a.m. Eastern Time on Wednesday, September 3, 2014  
08/22/14 - Lowe's Companies, Inc. Declares Cash Dividend
MOORESVILLE, N.C., Aug. 22, 2014 /PRNewswire/ -- The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of twenty three cents ($0.23) per share, payable November 5, 2014, to shareholders of record as of October 22, 2014. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 100 home improvement company serving approximately 15 million customers a week in the United States, Canada and Mexico.  With fiscal year 2013 sales of $53.4 billion, Lowe's has
08/20/14 - Lowe's Reports Second Quarter Sales and Earnings Results
-- Comparable Sales Increased 4.4 Percent -- -- Diluted Earnings Per Share Increased 18.2 Percent -- MOORESVILLE, N.C., Aug. 20, 2014 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.04 billion for the quarter ended August 1, 2014, a 10.4 percent increase over the same period a year ago. Diluted earnings per share increased 18.2 percent to $1.04 from $0.88 in the second quarter of 2013. For the six months ended August 1, 2014, net earnings increased 12.2
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Richard D. Maltsbarger
Chief Development Officer

Richard Maltsbarger was named chief development officer in 2014 and is responsible for IT, Strategy, Consumer Insights, and Business Development.

Since 2013, he has also held the additional role of President of Orchard Supply Hardware, a west coast chain of neighborhood hardware and backyard stores which Lowe’s acquired in August 2013. Orchard operates as a separate, standalone business of Lowe’s, retaining its brand and its San Jose headquarters. Maltsbarger led the Lowe’s team to acquire Orchard from bankruptcy.

Previously, Maltsbarger served as business development executive since 2012 where he led the strategic planning and realization function, research and consumer insights, as well as the company’s innovation center.  Over the past several years, he and his team have worked to expand Lowe’s portfolio of businesses. Maltsbarger joined Lowe’s in 2004 as director of consumer analytics and, during his tenure, served as senior vice president of strategy, vice president of strategic planning and vice president of research.  Prior to Lowe’s, Maltsbarger served as a senior retail strategy consultant with IBM, advising firms in the retail, hospitality and distribution industries.

Maltsbarger earned his bachelor’s and master’s degrees in agricultural economics from the University of Missouri and an M.B.A. from Washington University in St. Louis.