Updates Long-Term Financial Targets

MOORESVILLE, N.C., Dec. 11, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) is hosting its 2024 Analyst and Investor Conference today to provide an update on its key growth and productivity initiatives and near-term and long-term financial targets. A live video webcast will be available on ir.lowes.com beginning at 8 a.m. Eastern time.

"As we look ahead to the expected recovery in home improvement, we are making investments to position the company for long-term growth. We are evolving our Total Home strategy to help solve our customers' total home improvement needs with more value and exceptional service," said Marvin R. Ellison, Lowe's chairman, president and CEO. "By leveraging leading technology solutions, we're creating a best-in-class omnichannel shopping experience for all generations of homeowners. At the same time, we're building on our momentum with Pros now that we've reached 30% Pro penetration."

MOORESVILLE, N.C., Nov. 19, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that it will hold its 2024 Analyst and Investor Conference at 8 a.m. Eastern time on Wednesday, Dec. 11 in New York City. The company will provide updates on key growth initiatives and near-term and long-term financial targets.

A webcast will be available by visiting the Events & Presentations section of the Lowe's Investor Relations website, ir.lowes.com. Supplemental materials will be available at 6 a.m. ET the morning of the event.

— Diluted EPS of $2.99; Adjusted Diluted EPS1 of $2.89 —

— Comparable Sales Decreased 1.1% —

— Updates Full Year 2024 Outlook —

MOORESVILLE, N.C., Nov. 19, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.7 billion and diluted earnings per share (EPS) of $2.99 for the quarter ended Nov. 1, 2024, compared to diluted EPS of $3.06 in the third quarter of 2023. During the third quarter, the company recognized a $54 million pre-tax gain associated with the 2022 sale of the Canadian retail business. This positively impacted third quarter diluted EPS by $0.10. Excluding this gain, third quarter 2024 adjusted diluted EPS1 was $2.89.

MOORESVILLE, N.C., Nov. 15, 2024 /PRNewswire/ -- The board of directors of Lowe's Companies, Inc. (NYSE: LOW) has declared a quarterly cash dividend of one dollar and 15 cents ($1.15) per share, payable Feb. 5, 2025, to shareholders of record as of Jan. 22, 2025.

About Lowe's

Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.

Company to support small businesses and local business development organizations to expedite funding and accelerate economic recovery after Hurricane Helene

MOORESVILLE, N.C., Nov. 13, 2024 /PRNewswire/ -- As Lowe's continues to address the urgent and evolving community needs in the wake of Hurricane Helene, the company today launched the Lowe's Western North Carolina Small Business Recovery Fund. The $2.5 million fund will provide grants directly to small businesses in the company's home state and support local business development organizations advance their work to help businesses navigate disaster relief aid.

MOORESVILLE, N.C., Nov. 12, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) announced today that it will hold its Third Quarter 2024 Earnings Conference Call at 9 a.m. Eastern time on Tuesday, Nov. 19. A webcast will be available by visiting the Quarterly Earnings section of the Lowe's Investor Relations website, ir.lowes.com. Supplemental materials will be available 15 minutes before the start of the conference call.

MyLowe's Rewards members now get free access to maintenance and care support for their home appliances

MOORESVILLE, N.C., Nov. 4, 2024 /PRNewswire/ -- Lowe's is helping homeowners manage their homes in a whole new way with the introduction of the Lowe's Digital Home Platform, exclusively available to MyLowe's Rewards* members. Members can access free, personalized information about products in their homes, including warranties and manuals, maintenance suggestions and how-to content, recommended subscriptions and replacement parts from the palm of their hand. While the initial launch focuses on home appliances, the digital home platform will expand to include other aspects of the home to help make home maintenance easier than ever for Lowe's customers.

Donation to support unprecedented recovery needs; adds to $2 million already pledged

MOORESVILLE, N.C., Oct. 11, 2024 /PRNewswire/ -- Lowe's is donating an additional $10 million to support hurricane relief in the wake of the devastation in Western North Carolina from Hurricane Helene and the extensive damage from Hurricane Milton this week. The company's $12 million donation will continue to assist its nonprofit partners and first responders as they address urgent needs and unprecedented relief and recovery efforts.

Lowe's recognizes Pella®, Schluter Systems and Klein Tools as This Year's Outstanding Suppliers; Henkel Named Lowe's Sustainability Partner of the Year

MOORESVILLE, N.C., Oct. 1, 2024 /PRNewswire/ -- Lowe's Companies, Inc. announced it has named Pella®, Schluter Systems and Klein Tools as the company's 2024 Vendor Partners of the Year. The suppliers were recognized for their commitment to delivering quality products, innovation, value and service to Lowe's customers.

The company continues to deploy additional recovery supplies and over 150 associates to help communities recover

MOORESVILLE, N.C., Sept. 30, 2024 /PRNewswire/ -- Lowe's is donating $2 million to support relief efforts in response to the catastrophic and multi-state impact of Hurricane Helene. Lowe's donation will assist its nonprofit partners and first responders, helping these organizations respond to critical needs like emergency shelter, food and water while also supporting long-term rebuilding and recovery.