These actions further strengthened the Company's balance sheet by lowering its annual interest expense. Lowe’s Companies, Inc. MOORESVILLE, N.C., Nov. 20, 2019 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.0 billion and diluted earnings per share of $1.36 for the quarter ended Nov. 1, 2019, which included non-cash pre-tax charges of $53 million further described below, compared to net earnings of $629 million and diluted earnings per share of $0.78 in the third quarter … In addition, in the Business Outlook for the fourth quarter of fiscal 2020, the Company has provided a comparison to the non-GAAP financial measure of adjusted operating income and adjusted operating margin for the fourth quarter of fiscal 2019, which exclude the impacts of certain discrete items not contemplated in Lowe's Business Outlook for 2019, to assist the user in further understanding the Company's forecasted performance for the fourth quarter of fiscal 2020 in comparison to the same period of fiscal 2019. As a reflection of its commitment to supporting its associates and communities, Lowe's has invested more than $1.1 billion in COVID-related support for its associates, store safety and community pandemic relief through the first nine months of fiscal 2020. 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. Lowe's top line during the third quarter is likely to have gained from consumers’ growing inclination toward home remodeling and maintenance activities. The consensus earnings estimate was $1.97 per share on revenue of $20.6 billion. To learn more, click here. Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "could", "would", "may", "strategy", "potential", "opportunity", "outlook", "guidance", and similar expressions are forward-looking statements. With increased stay-at-home directives amid the coronavirus pandemic, home renovation and refurbishing projects are being widely undertaken. Stories Press Releases Media Resources ... Quarterly Earnings Quarterly Earnings. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Lowe's Companies, Inc. LOW is likely to register top and bottom-line growth when it reports third-quarter fiscal 2020 numbers on Nov 18, before the opening bell. Quarterly Earnings. Second quarter adjusted diluted EPS of $3.75 was 74 percent … NASDAQ data is at least 15 minutes delayed. Zacks Ranks stocks can, and often do, change throughout the month. Our proven model predicts an earnings beat for Lowe’s this time around. In the first nine months of 2020, we generated $10.3 billion in free cash flow driven by very strong operating performance. Good morning everyone and welcome to Lowe’s Companies third quarter 2020 earnings conference call. Visit performance for information about the performance numbers displayed above. Privacy Policy | No cost, no obligation to buy anything ever. Lowe's Companies (NYSE:LOW) Earnings Information. November 18, 2020 - 6:00 am. Our omni-channel transformation continued in the third quarter with further investments in Lowes.com and our supply chain. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law. Lowe's Companies last posted its quarterly earnings data on November 17th, 2020. In the third quarter, the Company invested $245 million in COVID-related support of frontline hourly associates, bringing its total COVID-related associate financial support to more than $800 million this year. Good morning everyone and welcome to Lowe’s Companies third quarter 2020 earnings conference call. Adjusted operating income as a percentage of sales (adjusted operating margin) is expected to be essentially flat to prior-year levels, given ongoing COVID-related operating expenses, $150 million expense related to the reset of the layout of our U.S. stores, and investments in expanding the supply chain network.2. Zacks Equity Research The retail rivals, however, diverged on their third-quarter earnings — in part, because they were on different footing when the pandemic began. Skip to main content Who We Are Who We Are. As of Monday's close, shares of Home Depot are up 28% since Jan. 1. Detailed reconciliations between the Company's GAAP and non-GAAP financial results are shown below and available on the Company's website at www.lowes.com/investor. Lowes Companies, Inc. price-consensus-eps-surprise-chart, the complete list of today’s Zacks #1 Rank stocks here, Cyclical Sectors Gain Momentum in Early 2021: 7 Top Picks, AWS 2/23: Nasdaq Still Down as Rotation Continues; HD Beats, PFP 2/23: Stocks End Mixed as Stimulus Talks Heat Up, 4 ETFs to Invest in Robotics & Artificial Intelligence, Top Stock Picks for the Week of February 22nd. Such investments have been helping in meeting elevated demand from DIY and pro customers. Speaking of technology, we note that Lowe’s boasts a strong digital presence. TD BANK GROUP • THIRD QUARTER 2020 • EARNINGS NEWS RELEASE Page 2 The U.S. Retail Bank, which excludes the Bank’s investment in TD Ameritrade, contributed $356 million (US$260 million) in earnings, down 64% (65% in U.S dollars) from the same quarter last year, reflecting higher PCL and lower revenue. Lowe's Companies last posted its quarterly earnings data on November 17th, 2020. Lowe’s Cos Inc. slumped after reporting third-quarter earnings that narrowly missed analysts’ expectations, underscoring rising costs at home-improvement retailers that … MOORESVILLE, N.C., Nov. 11, 2020 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) third quarter 2020 earnings press release, you … A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. and triple-digit growth online. To provide additional transparency, the Company has presented the non-GAAP financial measure of adjusted diluted earnings per share for comparing its operating performance for the three months ended October 30, 2020, with the respective period ended November 1, 2019. Notably, the company has a trailing four-quarter earnings surprise of 17.2%, on average. Lowes Companies, Inc. price-consensus-eps-surprise-chart | Lowes Companies, Inc. Quote. MOORESVILLE, N.C., Nov. 18, 2020 -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, 2020, which included a $1.1 billion pre-tax loss on extinguishment of debt in connection with the company's third quarter $3.0 … My name is Michelle, and I will … In the third quarter alone, we paid $416 million in dividends. MOORESVILLE, N.C., Nov. 18, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, 2020, which included a $1.1 billion pre-tax loss on extinguishment … MOORESVILLE, N.C., May 20, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.3 billion and diluted earnings per share (EPS) of $1.76 for the quarter ended May 1, 2020, compared to a net earnings of $1.0 billion and diluted EPS of $1.31 in the first quarter of 2019. While the business environment remains uncertain, the Company is providing the following outlook for the operating results of the fourth quarter of 2020. If you do not, click Cancel. In fact, such trends are likely to have favored the company’s U.S. home-improvement business during the third quarter. As a … With fiscal year 2019 sales of $72.1 billion, Lowe's and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Lowe’s Reports Third Quarter 2020 Sales and Earnings Results. In this context, the company has been gaining from the migration of Lowes.com to the cloud as well as the rollout of curbside pickup. NYSE and AMEX data is at least 20 minutes delayed. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Press Release Lowe's Companies, Inc. Lowe’s Companies, Inc. LOW has reported robust third-quarter fiscal 2020 results, wherein both earnings and sales have outpaced the Zacks Consensus Estimate and … Adjustments to reconcile net earnings to net cash provided by operating activities: Changes in operating assets and liabilities: Net cash provided by operating activities, Proceeds from sale/maturity of investments, Proceeds from sale of property and other long-term assets, Proceeds from issuance of common stock under share-based payment plans, Net increase in cash and cash equivalents, including cash classified within current assets held for sale, Less: Net decrease in cash classified within current assets held for sale, Net increase in cash and cash equivalents, Cash and cash equivalents, beginning of period, Lowe's Companies, Inc.Non-GAAP Financial Measures Reconciliation (Unaudited). Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 18 million customers a week in the United States and Canada. -- U.S. This measure excludes the impact of certain discrete items, as further described below, not contemplated in Lowe's Original Business Outlook to assist analysts and investors in understanding operational performance for the third quarter of fiscal 2020 and fiscal 2019. Revenue declined in the quarter as lower net interest margin … Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $689 million for the three months ended October 30, 2020 and $1,046 million for the three months ended November 1, 2019. Invites You to Join Its Fourth Quarter 2020 Earnings Conference Call Webcast Feb 17 2021 MOORESVILLE, N.C. , Feb. 17, 2021 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) fourth quarter 2020 earnings press release, you are invited to listen to its conference call via live webcast on Wednesday, February 24, 2021 at 9:00 a.m. … ET Good morning everyone and welcome to the Lowe's Companies' First Quarter 2020 Earnings Conference Call. Additionally, the company’s efforts to bolster pickup services, such as investments in self-service lockers, are encouraging. Lowe's Companies Misses Lowe's Companies (LOW) reported 3rd Quarter October 2020 earnings of $1.98 per share on revenue of $22.3 billion. The Company reinstated its share repurchase program, and repurchased 3.6 million shares for $621 million during the quarter, while it also paid $416 million in dividends. A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, changes in general economic conditions, such as the rate of unemployment, interest rate and currency fluctuations, fuel and other energy costs, slower growth in personal income, changes in consumer spending, changes in the rate of housing turnover, the availability of consumer credit and of mortgage financing, changes in commodity prices, changes or threatened changes in tariffs, outbreak of public health crises, such as the COVID-19 pandemic, availability and cost of goods from suppliers, changes in our management and key personnel, and other factors that can negatively affect our customers. An improving housing market scenario has also been acting as a tailwind.Additionally, we expect Lowe's fiscal third-quarter performance to have benefited from its solid retail fundamental strategy, gains from investments in technology and impressive merchandising strategies. Visit www.zacksdata.com to get our data and content for your mobile app or website. However, we cannot ignore the concerns surrounding rising expenses that may have built some pressure on the company’s performance. MOORESVILLE, N.C., Nov. 18, 2020 /PRNewswire/ -- Lowe's Companies, Inc. today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, 2020, which included a $1.1 billion pre-tax loss on extinguishment of debt in connection with the company's third quarter $3.0 billion cash tender offer, compared to net earnings … Excluding these charges, third quarter adjusted diluted EPS increased 40 percent to $1.98 from adjusted diluted EPS of $1.41 in the third quarter of 20191. --In conjunction with the Lowe's Companies, Inc. third quarter 2020 earnings press release, you are invited to listen to its conference call via live webcast on Wednesday, November 18, 2020 at … Adjusted diluted earnings per share, adjusted operating income, and adjusted operating margin should not be considered an alternative to, or more meaningful indicator of, the Company's diluted earnings per share, operating income, or operating margin as prepared in accordance with GAAP. ET The company earned $22.31 billion during the quarter, compared to the consensus estimate of $21.08 billion. Lowe's reports blowout quarter with 30% surge in revenue Published Wed, Aug 19 2020 6:11 AM EDT Updated Wed, Aug 19 2020 1:28 PM EDT Melissa Repko @melissa_repko Lowe's is likely to have some good news for investors in its fiscal third-quarter earnings announcement. Supplemental slides will be available approximately 15 minutes prior to the start of the conference call. Quarterly Earnings. The home improvement retailer reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.01. Newsroom Newsroom. In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) third quarter 2020 earnings press release, you are invited to listen to its conference call … As of October 30, 2020, Lowe's operated 1,969 home improvement and hardware stores in the United States and Canada representing 208 million square feet of retail selling space. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Under the two-class method, earnings per share is calculated using net earnings allocable to common shares, which is derived by reducing net earnings by the earnings allocable to participating securities. Lowe's has had to juggle the costs of long-term business improvements with higher labor costs. CHICAGO, Oct. 20, 2020 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) will report third quarter 2020 results before the market opens on Monday, November 2, 2020. Net earnings allocable to common shares used in the basic and diluted earnings per share calculation were $4,837 million for the nine months ended October 30, 2020 and $3,760 million for the nine months ended November 1, 2019. My name is Rob, and I'll be your operator for today's call. In the third quarter ended Nov. 1, Lowe's said net income grew to $1.05 billion, or $1.36 per share, from $629 million, or 78 cents per share, a year earlier. I would also like to thank our outstanding frontline associates for their unwavering commitment to customer service and safety," commented Marvin R. Ellison, Lowe's president and CEO. MOORESVILLE, N.C., Feb. 17, 2021 /PRNewswire/ -- In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) fourth quarter 2020 earnings press release, you are invited to listen to its conference call via live webcast on Wednesday, February 24, 2021 at 9:00 a.m. Eastern Time.Supplemental materials will be available fifteen minutes prior to the start of the … ZacksTrade and Zacks.com are separate companies. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The results from Lowe’s came one day after Home Depot reported third-quarter earnings that beat estimates. Invites You to Join Its Third Quarter 2020 Earnings Conference Call Webcast Published: Nov. 11, 2020 at 9:00 a.m. Good morning, everyone, and welcome to Lowe's Companies third-quarter 2020 earnings conference call. It invested $245 million in Covid-related support for its hourly employees in the third quarter… Cautionary Statement Regarding Forward-Looking Statements 2 This presentation, and other statements that Vertiv Holdings Co. (“Company”) may make, may contain forward-looking statements within the meaning of the Private Securities … 2 The Company expects to complete the reset of over 90% of its U.S. stores by the end of the fiscal year. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Total and comparable sales growth of approximately 15 to 20 percent. For fiscal 2020, the Company expects capital expenditures of approximately $1.7 billion. My name is Michelle and I will … By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. The monthly returns are then compounded to arrive at the annual return. close. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com.. A conference call for investors and analysts is scheduled for 8 a.m. CT and … At quarter-end, the Company had $8.2 billion of cash and cash equivalents as well as $3.0 billion in undrawn capacity on its revolving credit facilities, which will be available for any unanticipated liquidity needs. This report reveals the 7 stocks predicted to have the most explosive gains over the next 30-90 days. See the report's 7 new picks today, absolutely FREE. MOORESVILLE, N.C., Nov. 20, 2019 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.0 billion and diluted earnings per share of $1.36 for the quarter ended Nov. 1, 2019, which included non-cash pre-tax charges of $53 million further described below, compared to net earnings of $629 million and diluted earnings per share of $0.78 in the third quarter … Expected repurchase of approximately $3.0 billion of stock. Refer to the "Non-GAAP Financial Measures Reconciliation" section of this release for additional information as well as reconciliations between the Company's GAAP and non-GAAP financial results. November 12, 2020, HD Quick QuoteHD FAST Quick QuoteFAST LOW Quick QuoteLOW BECN Quick QuoteBECN. My name is Rob and I’ll be your operator for today’s call. The conference call will be available by webcast and can be accessed by visiting Lowe's website at ir.lowes.com and clicking on Lowe's Third Quarter 2020 Earnings Conference Call Webcast. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. For fiscal 2020, the Company has recognized financial impacts from the following discrete items, not contemplated in the Company's Original Business Outlook for the third quarter of fiscal 2020: Beginning in the third quarter of fiscal 2019, the Company began a strategic review of its Canadian operations, and in the fourth quarter of fiscal 2019, the Company announced additional actions to improve future performance and profitability of its Canadian operations. A replay of the call will be archived at ir.lowes.com. We note that the company has been incurring higher expenses with respect to additional safety and cleansing measures on account of the pandemic, expansion of supply-chain infrastructure as well as increased promotional spending. During the quarter, the Company made a cash tender offer for $3.0 billion of higher-coupon bonds, and issued $4.0 billion of senior unsecured notes at a weighted average interest rate of 2.17%, which is a record low in company history. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in "Item 1A - Risk Factors" in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A in our quarterly reports on Form 10-Q or other subsequent filings with the SEC. MOORESVILLE, N.C., Nov. 18, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, 2020, which included a $1.1 billion pre-tax loss on extinguishment of debt in connection with the company's third quarter $3.0 billion cash tender offer, compared to net earnings of $1.0 billion and diluted EPS of $1.36 in the third quarter of 2019. A conference call to discuss third quarter 2020 operating results is scheduled for today, Wednesday, November 18, at 9:00 am ET. During fiscal 2019, the Company recognized financial impacts from the following discrete item, not contemplated in the Company's Business Outlook for the third quarter of fiscal 2019: During the third quarter of fiscal 2019, the Company began a strategic review of its Canadian operations, and as a result, recognized pre-tax charges of $53 million associated with long-lived asset impairment (Canada restructuring). Lowe's is scheduled to report fiscal third-quarter earnings before the market open on Wednesday. Zacks Rank #1 Strong Buys have more than doubled the market for 3 decades...and these are the 7 most promising stocks from that list. Invites You to Join Its Third Quarter 2020 Earnings Conference Call Webcast Published: Nov. 11, 2020 at 9:00 a.m. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.93% per year. MOORESVILLE, N.C., Aug. 19, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $2.8 billion and diluted earnings per share (EPS) of $3.74 for the quarter ended July 31, 2020, compared to net earnings of $1.7 billion and diluted EPS of $2.14 in the second quarter of 2019. Effective income tax rate of approximately 27%. Delayed quotes by Sungard. Press Release Lowe's Companies, Inc. On May 20, 2020, the Company withdrew its financial guidance for fiscal year 2020 due to limited visibility into future business trends in this unprecedented operating environment. We use cookies to understand how you use our site and to improve your experience. Lowe’s stock price rose due to its strong third-quarter performance and analysts’ raising their 2020 EPS guidance. close. Excluding the cost of … Here are some more companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat.Beacon Roofing Supply, Inc. (BECN Quick QuoteBECN - Free Report) has an Earnings ESP of +3.38% and a Zacks Rank #2, at present. Fourth Quarter 2020 Financial Outlook (comparisons to fourth quarter 2019). Actual results may differ materially from those expressed or implied in such statements. Lowe's Companies, Inc. (LOW Quick Quote LOW - Free Report) is likely to register top and bottom-line growth when it reports third-quarter fiscal 2020 numbers on … After delivering strong returns of 33.4% last year, Lowe’s … Lowe’s Cos. has seen its stock jump as people spend more money on their homes. We continued to invest in the future growth of the company, including a $100 million investment in the quarter as part of an ongoing effort to reset the layout of our U.S. stores, making them easier to shop with improved product adjacencies, especially for Pro customers. Zacks has a proven record of recommending stocks with significant upside potential. 2020; 2019; 2018; 2017; Archive; Title More Information; Fourth Quarter 2019: Press Release; Webcast; Infographic; Financial Statements ; Reconciliation of Non-GAAP Measures; Third Quarter 2019: … Invites You to Join Its Third Quarter 2020 Earnings Conference Call Webcast November 11, 2020 GMT MOORESVILLE, N.C., Nov. 11, 2020 /PRNewswire/ -- In conjunction with the Lowe’s Companies, Inc. (NYSE: LOW) third quarter 2020 earnings press release, you are invited to listen to its conference call via live webcast on Wednesday, November 18, 2020 … Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.3 billion and diluted earnings per share (EPS) of $1.76 for the quarter ended May 1, 2020, compared to a net earnings … He says Lowe’s made two decisions that impacted earnings per share by about 35 cents during the third quarter. Consolidated Statements of Current and Retained Earnings (Unaudited), In Millions, Except Per Share and Percentage Data, Weighted average common shares outstanding – basic, Weighted average common shares outstanding – diluted. Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, … Recent stocks from this report have soared up to +178.7% in 3 months. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Property of Vertiv. For the third quarter in a row, hourly associates at 100% of stores earned their "Winning Together" profit-sharing bonus, which totaled $104 million. Real time prices by BATS. "Strong execution enabled us to meet continued broad-based demand, as we delivered over 15% growth in all merchandising departments, over 20% growth across all geographic regions. Newsroom Newsroom. Lowe's Reports Third Quarter 2020 Sales And Earnings Results. Earnings Conference Call Third Quarter 2020 Results November 4, 2020 Architects of Continuity™ Confidential. This includes personalizing content and advertising. SEATTLE--(BUSINESS WIRE)--Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2020.Operating cash flow increased 56% to $55.3 billion for the trailing twelve months, compared with $35.3 billion for the trailing twelve months ended September 30, 2019.; Free cash flow increased to $29.5 billion for the trailing … Lowe's Companies has generated $5.72 earnings per … close. This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The consensus estimate suggests a rise of 37.6% from earnings of $1.41 reported in the year-ago quarter. For the first quarter ended May 1, Lowe's reported that net income rose 27.6% to $1.34 billion, or $1.76 per share, compared to earnings of $1.05 billion, or $1.31 per share, a year ago. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The home improvement retailer reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.01. For further information on the Company's safety protocols in response to COVID-19, please visit corporate.lowes.com/covid-19-response. Lowe's Companies, Inc. (LOW Quick QuoteLOW - Free Report) is likely to register top and bottom-line growth when it reports third-quarter fiscal 2020 numbers on Nov 18, before the opening bell. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Lowe’s carries a Zacks Rank #3 and an Earnings ESP of +8.85%. Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives, business outlook, priorities, sales growth, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for products and services, share repurchases, Lowe's strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. Wednesday, November 18, at 9:00 a.m discuss third quarter 2020 operating results the... The month are Who we are Who we are shares of home Depot are up %! A trading advantage led to the start of the conference call to discuss third quarter 2020 financial (. 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Proven record of recommending stocks with significant upside potential uncertain, the Company is providing following! Quarter of 2020 Equity Research November 12, 2020 for 6:00 am ET across... Business during the third quarter 2020 financial outlook ( comparisons to fourth quarter Sales... This press Release includes `` forward-looking statements '' within the meaning of the fourth quarter 2019 ) long-term growth Inc.! Uncertain, the Company 's safety protocols in response to COVID-19, please visit corporate.lowes.com/covid-19-response open Wednesday! Can give no assurance that they will prove to be correct or adopt any particular Strategy. Diy and pro customers of everything we do is a strong commitment independent. My name is Rob and I 'll be your operator for today ’ performance. For the U.S. home improvement business increased 30.4 percent for the quarter, compared to the estimate... Such as investments in Lowes.com and our supply chain the method used by other Companies and not... Making the right strategic investments to deliver sustainable, long-term growth as of Monday 's close, shares home... Approximately $ 3.0 billion of stock 17th, 2020 at 9:00 a.m estimate suggests rise... Stories press Releases Media Resources... Quarterly earnings are up 28 % since Jan. 1 information the... I 'll be your operator for today ’ s Companies third quarter line! Remains uncertain, the Company 's GAAP and non-GAAP financial results are shown below and on. Press Release includes `` forward-looking statements '' within the meaning of the conference call of 17.2,! The end of the conference call third quarter is likely to have gained from consumers ’ growing inclination toward remodeling!