Recent Releases

12/07/16 - Lowe's Outlines Strategic Priorities and Long-Term Financial Targets at 2016 Analyst and Investor Conference
-- Company Reiterates Guidance for Fiscal 2016 -- MOORESVILLE, N.C., Dec. 7, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) meets today with analysts and investors in Mooresville, North Carolina to discuss its strategic priorities and long-term financial targets. Lowe's Enterprise Objectives "We're focused on evolving our business to further drive trust and loyalty by empowering customers throughout their project journey.  Our customers take great pride in their homes and we
11/30/16 - Lowe's Companies, Inc. Invites You to Listen to Its 2016 Analyst & Investor Conference Webcast
MOORESVILLE, N.C., Nov. 30, 2016 /PRNewswire/ -- You are invited to listen to the Lowe's Companies, Inc. (NYSE: LOW) 2016 Analyst & Investor Conference Webcast on Wednesday, Dec. 7 beginning at 10:00 a.m. Eastern Time.  What:    Lowe's 2016 Analyst & Investor Conference  When:  10:00 a.m. Eastern Time on Wednesday, Dec. 7, 2016  Where:   Visit Lowe's Investor Relations website at http://www.lowes
11/18/16 - Lowe's Completes Acquisition Of RONA Preferred Shares
MOORESVILLE, N.C. and BOUCHERVILLE, Quebec, Nov. 18, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) ("Lowe's" or the "Company") today announced it has completed its previously announced acquisition of RONA inc.'s ("RONA") Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares and Cumulative Floating Rate Series 7 Class A Preferred Shares (collectively, the "Preferred Shares"). Pursuant to the statutory plan of arrangement (the "Arrangement") under Chapter XVI – Division II of th
11/16/16 - Lowe's Reports Third Quarter Sales and Earnings Results
-- Diluted Earnings Per Share of $0.43, Includes Non-Cash Charges of $462 million -- -- Adjusted Diluted Earnings Per Share(1) of $0.88 -- -- Updates Fiscal 2016 Business Outlook -- MOORESVILLE, N.C., Nov. 16, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $379 million and diluted earnings per share of $0.43 for the quarter ended October 28, 2016, which includes certain non-cash pre-tax charges of $462 million further described below. Excluding th
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12/07/16Lowe's Outlines Strategic Priorities and Long-Term Financial Targets at 2016 Analyst and Investor Conference
-- Company Reiterates Guidance for Fiscal 2016 -- MOORESVILLE, N.C., Dec. 7, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) meets today with analysts and investors in Mooresville, North Carolina to discuss its strategic priorities and long-term financial targets. Lowe's Enterprise Objectives "We're focused on evolving our business to further drive trust and loyalty by empowering customers throughout their project journey.  Our customers take great pride in their homes and we ... 
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11/30/16Lowe's Companies, Inc. Invites You to Listen to Its 2016 Analyst & Investor Conference Webcast
MOORESVILLE, N.C., Nov. 30, 2016 /PRNewswire/ -- You are invited to listen to the Lowe's Companies, Inc. (NYSE: LOW) 2016 Analyst & Investor Conference Webcast on Wednesday, Dec. 7 beginning at 10:00 a.m. Eastern Time.  What:    Lowe's 2016 Analyst & Investor Conference  When:  10:00 a.m. Eastern Time on Wednesday, Dec. 7, 2016  Where:   Visit Lowe's Investor Relations website at http://www.lowes... 
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11/18/16Lowe's Completes Acquisition Of RONA Preferred Shares
MOORESVILLE, N.C. and BOUCHERVILLE, Quebec, Nov. 18, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) ("Lowe's" or the "Company") today announced it has completed its previously announced acquisition of RONA inc.'s ("RONA") Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares and Cumulative Floating Rate Series 7 Class A Preferred Shares (collectively, the "Preferred Shares"). Pursuant to the statutory plan of arrangement (the "Arrangement") under Chapter XVI – Division II of th... 
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11/16/16Lowe's Reports Third Quarter Sales and Earnings Results
-- Diluted Earnings Per Share of $0.43, Includes Non-Cash Charges of $462 million -- -- Adjusted Diluted Earnings Per Share(1) of $0.88 -- -- Updates Fiscal 2016 Business Outlook -- MOORESVILLE, N.C., Nov. 16, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $379 million and diluted earnings per share of $0.43 for the quarter ended October 28, 2016, which includes certain non-cash pre-tax charges of $462 million further described below. Excluding th... 
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11/11/16Lowe's Companies, Inc. Declares Cash Dividend
MOORESVILLE, N.C., Nov. 11, 2016 /PRNewswire/ -- The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of thirty five cents ($0.35) per share, payable February 8, 2017, to shareholders of record as of January 25, 2017. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2015 sales of $59.1 billion, Lowe's and its rel... 
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11/09/16Lowe's Companies, Inc. Invites You to Join Its Third Quarter 2016 Earnings Conference Call Webcast
MOORESVILLE, N.C., Nov. 9, 2016 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) third quarter 2016 earnings press release, you are invited to listen to its conference call to be broadcast live over the internet on Wednesday, November 16, 2016 at 9:00 a.m. Eastern Time with: Robert A. Niblock, chairman, president and chief executive officer; Rick D. Damron, chief operating officer; and Robert F. Hull, Jr., chief financial officer. Supplemental slides will be available f... 
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10/27/16Lowe's Appoints Michael P. McDermott Chief Customer Officer
MOORESVILLE, N.C., Oct. 27, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced that Michael P. McDermott has been promoted to the position of chief customer officer, effective immediately. He will report to Robert A. Niblock, Lowe's chairman, president and CEO. McDermott currently serves as Lowe's chief merchandising officer, a position he has held since 2014. In his new and expanded role, McDermott will be responsible for creating experiences that best serve customers ... 
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10/07/16Lowe's Agrees to Acquire Rona's Preferred Shares for C$24 Per Share
MOORESVILLE, N.C. and BOUCHERVILLE, Quebec, Oct. 7, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) ("Lowe's") and RONA inc. (TSX: RON, RON.PR.A) ("RONA") announced today that Lowe's, through a wholly owned subsidiary, and RONA have entered into a definitive agreement for the acquisition of RONA's outstanding Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares and Cumulative Floating Rate Series 7 Class A Preferred Shares (collectively, the "Preferred Shares") for C$24 per sha... 
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09/12/16Han Joins Lowe's As SVP, Business Development
-- Leads innovation and development capabilities shaping home improvement's future -- MOORESVILLE, N.C., Sept. 12, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced that James K. Han has joined Lowe's as senior vice president of business development. He reports to Chief Development Officer Richard D. Maltsbarger. In this new role, Han is responsible for accelerating the company's business development strategy focused on identifying and implementing growth opportunit... 
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09/02/16Lowe's to Webcast Presentation from the Goldman Sachs 23rd Annual Global Retailing Conference
MOORESVILLE, N.C., Sept. 2, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announces that Robert A. Niblock, chairman, president, and chief executive officer, and Robert F. Hull, Jr., chief financial officer, will present at the Goldman Sachs 23rd Annual Global Retailing Conference in New York, NY.   What: Presentation by Robert Niblock and Bob Hull at the Goldman Sachs 23rd Annual Global Retailing Conference in New York, NY When:   1:... 
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08/19/16Lowe's Companies, Inc. Declares Cash Dividend
MOORESVILLE, N.C., Aug. 19, 2016 /PRNewswire/ -- The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of thirty five cents ($0.35) per share, payable November 2, 2016, to shareholders of record as of October 19, 2016. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2015 sales of $59.1 billion, Lowe's and its rel... 
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08/17/16Lowe's Reports Second Quarter Sales and Earnings Results
-- Loss on Foreign Currency Hedge Impacts Diluted Earnings Per Share by $0.06 -- MOORESVILLE, N.C., Aug. 17, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.2 billion for the quarter ended July 29, 2016, a 3.7 percent increase over the same period a year ago. Diluted earnings per share increased 9.2 percent to $1.31 from $1.20 in the second quarter of 2015. For the six months ended July 29, 2016, net earnings increased 14.0 percent from the same perio... 
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08/10/16Lowe's Companies, Inc. Invites You to Join Its Second Quarter 2016 Earnings Conference Call Webcast
MOORESVILLE, N.C., Aug. 10, 2016 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) second quarter 2016 earnings press release, you are invited to listen to its conference call to be broadcast live over the internet on Wednesday, August 17, 2016 at 9:00 a.m. Eastern Time with: Robert A. Niblock, chairman, president and chief executive officer; Michael A. Jones, chief customer officer; and Robert F. Hull, Jr., chief financial officer. Supplemental slides will be availabl... 
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05/27/16Lowe's Holds Annual Meeting Of Shareholders
Board of Directors Declares 25.0% Percent Increase in Quarterly Cash Dividend CHARLOTTE, N.C., May 27, 2016 /PRNewswire/ -- At its annual meeting of shareholders today, Lowe's Companies, Inc. (NYSE: LOW) Chairman, President and CEO Robert A. Niblock informed shareholders that strategic investments focused on long-term growth and enhancing customer experiences enabled the company to deliver strong financial performance in 2015. Niblock highlighted the company's continued emphasis on buil... 
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05/25/16Lowe's to Webcast Presentation from the RBC Capital Markets 2016 Consumer & Retail Conference
MOORESVILLE, N.C., May 25, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announces that Robert F. Hull, Jr., chief financial officer, and Michael A. Jones, chief customer officer, will present at the RBC Capital Markets 2016 Consumer & Retail Conference in Boston, MA.   What:   Presentation by Bob Hull and Mike Jones at the RBC Capital Markets 2016 Consumer & Retail Conference in Boston, MA When: 10:40 a.m. Eastern Ti... 
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05/20/16Lowe's Completes Acquisition of RONA
-Together, Lowe's Canada and RONA Have 539 Store Locations, Pro Forma Canadian Revenues of C$6 Billion Companies are Well-Positioned for Growth in Canada's Over C$45 Billion Home Improvement Market- MOORESVILLE, N.C. and BOUCHERVILLE, Quebec, May 20, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) ("Lowe's" or the "Company") today announced that it has completed its previously announced acquisition of RONA inc. ("RONA"), in a transaction valued at C$3.2 billion (US$2.4 billion)... 
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05/20/16Lowe's to Webcast Annual Meeting of Shareholders
MOORESVILLE, N.C., May 20, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) invites you to listen to a live webcast of its 2016 Annual Meeting of Shareholders at 10:00 a.m. Eastern Time on Friday, May 27, 2016. What:              Lowe's Annual Meeting of Shareholders When:             10:00 a.m. Eastern Time on Friday, May 27, 2016 Where:             Visit Lowe's Investor Relations website at http://www.Lowes.com/investor                         Click Webcasts and then Lowe's... 
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05/18/16Lowe's Reports First Quarter Sales And Earnings Results
-- Comparable Sales Increased 7.3 Percent for the First Quarter -- MOORESVILLE, N.C., May 18, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $884 million for the quarter ended April 29, 2016, a 31.4 percent increase over the same period a year ago. Diluted earnings per share increased 40.0 percent to $0.98 from $0.70 in the first quarter of 2015. The first quarter results include an unrealized gain on a foreign currency hedge entered into in advan... 
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05/13/16Lowe's Receives Investment Canada Approval and Competition Bureau Clearance for Its Pending Acquisition of Rona
Transaction clears final regulatory hurdles; Lowe's sets expected closing date for the transaction MOORESVILLE, N.C. and BOUCHERVILLE, Quebec, May 13, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) ("Lowe's" or the "Company") announced today that it has been granted approval under the Investment Canada Act and clearance from the Competition Bureau with respect to its pending acquisition of RONA inc. (TSX: RON, RON.PR.A, RON.PR.B) ("RONA"). "We are very pleased that Canadian... 
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05/11/16Lowe's Companies, Inc. Invites You to Join Its First Quarter 2016 Earnings Conference Call Webcast
MOORESVILLE, N.C., May 11, 2016 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) first quarter 2016 earnings press release, you are invited to listen to its conference call to be broadcast live over the internet on Wednesday, May 18, 2016 at 9:00 a.m. Eastern Time with: Robert A. Niblock, chairman, president and chief executive officer; Rick D. Damron, chief operating officer; and Robert F. Hull, Jr., chief financial officer.  Supplemental slides will be available fifte... 
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04/11/16Lowe's Prices $3.3 Billion Notes Offering
MOORESVILLE, N.C., April 11, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today it 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. Lowe's plans to use the net proceeds from the sale of the Notes to fun... 
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03/18/16Lowe's Companies, Inc. Declares Cash Dividend
MOORESVILLE, N.C., March 18, 2016 /PRNewswire/ -- The Board of Directors for Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of twenty eight cents ($0.28) per share, payable May 4, 2016, to shareholders of record as of April 20, 2016. Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 16 million customers a week in the United States, Canada and Mexico through its stores and online at Lowes.com, Lowes.ca and Lowes.com.mx.... 
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03/08/16Lowe's to Webcast Presentation from the UBS Global Consumer Conference
MOORESVILLE, N.C., March 8, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announces that Robert A. Niblock, chairman, president and chief executive officer, and Robert F. Hull, Jr., chief financial officer will present at the UBS Global Consumer Conference in Boston, MA.   What: Presentation by Robert Niblock and Bob Hull at the UBS Global Consumer Conference in Boston, MA When: 10:30 a.m. Eastern Time on Thursday, March... 
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02/24/16Lowe's Reports Fourth Quarter Sales and Earnings Results
-- Comparable Sales Increased 5.2 Percent for the Fourth Quarter -- -- Adjusted Diluted Earnings Per Share(1) of $0.59 for the Fourth Quarter Increased 28.3% -- -- Adjusted Diluted Earnings Per Share(1) of $3.29 for the Fiscal Year Increased 21.4% -- MOORESVILLE, N.C., Feb. 24, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $11 million and diluted earnings share of $0.01 for the quarter ended January 29, 2016, which includes a non-cash impairment ... 
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02/17/16Lowe's Companies, Inc. Invites You to Join Its Fourth Quarter 2015 Earnings Conference Call Webcast
MOORESVILLE, N.C., Feb. 17, 2016 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) fourth quarter 2015 earnings press release, you are invited to listen to its conference call to be broadcast live over the internet on Wednesday, February 24, 2016 at 9:00 a.m. Eastern Time with: Robert A. Niblock, chairman, president and chief executive officer; Michael A. Jones, chief customer officer; and Robert F. Hull, Jr., chief financial officer.  Supplemental slides will be availab... 
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02/15/16Lowe's Recommends Shareholders Reject 'Mini-tender' Offer From TRC Capital Corporation
MOORESVILLE, N.C., Feb. 15, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced that it has been notified of an unsolicited "mini-tender" offer dated February 10, 2016, made by TRC Capital Corporation, a private Canadian investment company, to purchase up to 2,000,000 shares of Lowe's common stock, less than one fourth of one percent of the outstanding shares. TRC Capital's unsolicited "mini-tender" offer price of $61.25 per share is approximately 4.5 percent below the $64.15... 
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02/03/16Lowe's to Acquire RONA; Creating Canada's Leading Home Improvement Retailer
-- Transaction valued at C$3.2 billion (US$2.3 billion) -- - Transaction unanimously approved by both companies' Boards of Directors - Agreement is based on compelling strategic rationale for both companies - Lowe's pledges important commitments to RONA's key Canadian stakeholders - Lowe's to locate its Canadian head office in Boucherville, Quebec; Canadian operations to be headed by  Sylvain Prud'homme, President of Lowe's Canada - Acquisition accelerates Lowe's growth strategy in Ca... 
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01/29/16Lowe's Companies, Inc. Names Sandra B. Cochran To Board Of Directors
MOORESVILLE, N.C., Jan. 29, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced Sandra B. Cochran, 57, has been appointed to its board of directors, effective immediately.  Today's announcement brings Lowe's board of directors to 13 members, 12 of whom are independent. "Sandy brings a combination of strong leadership and retail experience, as well as tremendous financial acumen to Lowe's, and I am pleased to welcome her to our board of directors," said Robert A. Niblock,... 
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01/18/16Lowe's Plans to Exit Home Improvement Joint Venture in Australia
MOORESVILLE, N.C., Jan. 18, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced it has provided notification to Woolworths Limited, its joint venture partner in Australia, of its intent to begin the process of exiting its investment in the joint venture, which operates Masters Home Improvement stores and Home Timber and Hardware Group's retail stores and wholesale distribution in Australia. Woolworth's owns two-thirds of the joint venture, and Lowe's owns one-third. Rich... 
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01/14/16Lowe’s Appoints Jennifer L. Weber As Chief Human Resources Officer
MOORESVILLE, N.C., Jan. 14, 2016 /PRNewswire/ — Lowe’s Companies, Inc. (NYSE: LOW) today announced that Jennifer L. Weber has been named the company’s chief human resources officer, effective March 1. She will report to Chairman, President and CEO Robert A. Niblock. Weber will succeed Maureen K. Ausura, who announced plans to retire after 11 years with the company. Weber, 49, will oversee global human resources practices, policies and operations that will enable Lowe’s to a... 
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