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Lowe's Companies Inc (LOW.N)

LOW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Lowe's Announces New $10 Bln Share Buyback
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Lowe's Companies Inc ::ANNOUNCES NEW $10 BILLION SHARE REPURCHASE PROGRAM.COMPANY REITERATES GUIDANCE FOR FISCAL 2018.COMPANY REITERATES GUIDANCE FOR FISCAL 2018.ISSUES GUIDANCE FOR FISCAL 2019.2019 TOTAL SALES ARE EXPECTED TO INCREASE APPROXIMATELY 2 PERCENT.DILUTED EARNINGS PER SHARE OF $6.00 TO $6.10 ARE EXPECTED FOR FISCAL YEAR ENDING JAN. 31, 2020.FY EARNINGS PER SHARE VIEW $5.11, REVENUE VIEW $71.44 BILLION -- REFINITIV IBES DATA.COMPARABLE SALES ARE EXPECTED TO INCREASE APPROXIMATELY 3 PERCENT FOR FISCAL YEAR 2019.LOWE'S COMPANIES - NEW REPURCHASE PROGRAM HAS NO EXPIRATION DATE, ADDS TO PREVIOUS PROGRAM'S BALANCE, WHICH WAS $4.5 BILLION AS OF NOV. 2.FISCAL 2019 OPERATING INCOME AS A PERCENTAGE OF SALES (OPERATING MARGIN) IS EXPECTED TO INCREASE 235 TO 250 BASIS POINTS.LOWE'S - ANTICIPATE THAT INITIATIVES DESIGNED TO DRIVE SALES WILL ALLOW CO TO GENERATE "SIGNIFICANT CASH FLOW FROM OPERATIONS OVER NEXT THREE YEARS".FY2019 EARNINGS PER SHARE VIEW $5.91, REVENUE VIEW $73.17 BILLION -- REFINITIV IBES DATA.  Full Article

Lowe's Companies Q3 Adjusted Earnings Per Share $1.04
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Lowe's Companies Inc ::LOWE'S REPORTS THIRD QUARTER SALES AND EARNINGS RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.04.Q3 EARNINGS PER SHARE $0.78.Q3 SALES $17.4 BILLION VERSUS I/B/E/S VIEW $17.36 BILLION.Q3 SAME STORE SALES ROSE 1.5 PERCENT.Q3 EARNINGS PER SHARE VIEW $0.98 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 ADJUSTED NON-GAAP EARNINGS PER SHARE $5.08 TO $5.13.SEES FY 2018 SALES UP ABOUT 4 PERCENT.UPDATES FISCAL 2018 BUSINESS OUTLOOK --.COMPANY INTENDS TO EXIT ITS MEXICO RETAIL OPERATIONS AND IS EXPLORING STRATEGIC ALTERNATIVES.HAS ALSO IDENTIFIED CERTAIN NON-CORE ACTIVITIES WITHIN ITS U.S. HOME IMPROVEMENT BUSINESS TO EXIT.COMPARABLE SALES ARE EXPECTED TO INCREASE APPROXIMATELY 2.5 PERCENT IN FY 2018.INTENDS TO EXIT RETAIL OPERATIONS IN MEXICO, ALACRITY RENOVATION SERVICES, AND IRIS SMART HOME.SEES FISCAL YEAR 2018 COMPARABLE SALES TO INCREASE ABOUT 2.5 PERCENT.DILUTED EARNINGS PER SHARE OF $4.08 TO $4.24 ARE EXPECTED FOR FISCAL YEAR ENDING FEB. 1, 2019.LOWE'S - PRE-TAX CHARGES OF $460 MILLION - $580 MILLION RELATED TO STRATEGIC REASSESSMENT & OTHER COSTS ARE EXPECTED TO BE INCURRED IN Q4 OF FISCAL 2018.$280 MILLION IN PRE-TAX CHARGES RECOGNIZED IN Q3 ARE RELATED TO STRATEGIC REASSESSMENT.LOWE'S - CHANGES RELATED TO REVENUE RECOGNITION ACCOUNTING STANDARD RESULTED IN INCREASE TO SALES OF ABOUT $240 MILLION IN Q3.EXPECTS TO ADD APPROXIMATELY 8 HOME IMPROVEMENT STORES IN FISCAL YEAR 2018.  Full Article

Lowe's Companies Sets Quarterly Cash Dividend Of $0.48Per Share
Friday, 9 Nov 2018 

Lowe's Companies Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.48PER SHARE.  Full Article

Lowe's Companies Says Board Appointed Tiffany Mason As Interim Chief Financial Officer
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Lowe's Companies Inc ::LOWE'S COMPANIES SAYS ON OCT 2, BOARD APPOINTED TIFFANY L. MASON AS INTERIM CHIEF FINANCIAL OFFICER - SEC FILING.  Full Article

Lowe's Companies Entered Into $1.75 Bln 5-Yr Unsecured Revolving Second Amended And Restated Credit Agreement
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Lowe's Companies Inc ::LOWE'S COMPANIES - ON SEPT 10, ENTERED INTO $1.75 BILLION FIVE-YEAR UNSECURED REVOLVING SECOND AMENDED AND RESTATED CREDIT AGREEMENT- SEC FILING.LOWE'S COMPANIES INC - UNDER AGREEMENT CO MAY INCREASE AGGREGATE AVAILABILITY UNDER FACILITY BY AN ADDITIONAL $500 MILLION.LOWE'S-AGREEMENT AMENDS AND RESTATES CO'S AMENDED AND RESTATED CREDIT AGREEMENT DATED NOVEMBER 23, 2016 TO EXTEND THE MATURITY DATE OF CREDIT FACILITY.  Full Article

Lowe's Cos Files For Potential Mixed Shelf Offering - SEC Filing
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Lowe's Companies Inc ::LOWE'S COMPANIES INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED- SEC FILING.  Full Article

Lowe's Names David Denton CFO
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Lowe's Companies Inc ::LOWE'S NAMES DAVID DENTON CHIEF FINANCIAL OFFICER.SAYS DAVID M. DENTON APPOINTED CFO.DENTON SUCCEEDS MARSHALL A. CROOM, WHOSE RETIREMENT WAS PREVIOUSLY ANNOUNCED.LOWE'S COMPANIES - DENTON CURRENTLY SERVES AS EVP AND CFO OF CVS HEALTH AND WILL JOIN LOWE'S SHORTLY AFTER CLOSING OF CVS ACQUISITION OF AETNA.  Full Article

Lowe's Q2 Same Store Sales Rose 5.2 Pct
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Lowe's Companies Inc ::LOWE'S REPORTS SECOND QUARTER SALES AND EARNINGS RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $2.07.Q2 EARNINGS PER SHARE $1.86.Q2 SALES $20.9 BILLION VERSUS I/B/E/S VIEW $20.78 BILLION.Q2 EARNINGS PER SHARE VIEW $2.02 -- THOMSON REUTERS I/B/E/S.Q2 SAME STORE SALES ROSE 5.2 PERCENT.UPDATES FISCAL 2018 BUSINESS OUTLOOK.EXPECTS 2018 COMP SALES TO INCREASE ABOUT 3 PERCENT.QTRLY EARNINGS INCLUDED NON-CASH PRE-TAX CHARGES OF $230 MILLION.FY 2018 TOTAL SALES ARE EXPECTED TO INCREASE APPROXIMATELY 4.5 PERCENT.DILUTED EARNINGS PER SHARE OF $4.50 TO $4.60 ARE EXPECTED FOR FISCAL YEAR ENDING FEB. 1, 2019.DEVELOPING PLANS TO RATIONALIZE ITS STORE INVENTORY, REDUCING LOWER-PERFORMING INVENTORY.FY EARNINGS PER SHARE VIEW $5.45, REVENUE VIEW $71.86 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Lowe's Says As Part Of Company's New Leadership Structure, COO, CCO, Corporate Administration Executive And CDO Positions Eliminated
Monday, 9 Jul 2018 

July 9 (Reuters) - Lowe's Companies Inc ::LOWE'S REALIGNS LEADERSHIP STRUCTURE TO DRIVE OPERATIONAL EXCELLENCE.LOWE'S COMPANIES INC - AS PART OF COMPANY'S NEW LEADERSHIP STRUCTURE, COO, CCO, CORPORATE ADMINISTRATION EXECUTIVE AND CDO POSITIONS ELIMINATED.LOWE'S COMPANIES INC - CHANGES ARE EFFECTIVE IMMEDIATELY.LOWE'S COMPANIES INC - EFFECTIVE NOV. 6, CHIEF CUSTOMER OFFICER MICHAEL P. MCDERMOTT DECIDED TO LEAVE COMPANY.LOWE'S COMPANIES INC - EFFECTIVE IMMEDIATELY, CHIEF OPERATING OFFICER RICHARD D. MALTSBARGER WILL BE LEAVING COMPANY.LOWE'S COMPANIES INC - INITIATED AN EXTERNAL SEARCH FOR NEWLY CREATED ROLE OF EVP, STORES.  Full Article

Lowe's Names Marvin Ellison President And CEO
Tuesday, 22 May 2018 

May 22 (Reuters) - Lowe's Companies Inc ::LOWE'S NAMES MARVIN ELLISON PRESIDENT AND CHIEF EXECUTIVE OFFICER.LOWE'S DIRECTOR RICHARD W. DREILING TO BECOME CHAIRMAN OF BOARD.ELLISON SUCCEEDS ROBERT A. NIBLOCK, WHO PREVIOUSLY ANNOUNCED HIS INTENTION TO RETIRE.MARVIN ELLISON CURRENTLY SERVES AS CHAIRMAN AND CEO OF J. C. PENNEY COMPANY, INC.  Full Article

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Lowe's to buy back $10 billion shares, reiterates 2018 forecast

U.S. home improvement chain Lowe's Cos Inc on Wednesday approved a $10 billion share repurchase program and reiterated its full-year forecast for sales growth that was roughly in line with Wall Street expectation.