Lowe's Companies, Inc.

Lowe's Companies, Inc.

Lowe's Companies, Inc.

Overview
Date Founded

1946

Headquarters

1000 Lowe's Boulevard, Mooresville, NC, 28117, USA

Type of Company

Public

Employees (Worldwide)

340K

Industries

Retail: Home Improvement
Industrial Machinery & Manufacturing
IT Consulting & Services
Appliances & Electronics

Company Description

Lowe's Cos., Inc. engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors. The company was founded in 1946 and is headquartered in Mooresville, NC.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel & Corporate Secretary

Senior Vice President, Deputy General Counsel & Chief Compliance Officer

Executive Vice President & Chief Information Officer

Senior Vice President, GM-Merchandising & Building Products

President, Online

Division President, West Division

Senior Vice President, Technology & Managing Director of India

Senior Vice President, Corporate Finance & Treasurer

Board of Directors

Former President, Chief Executive Officer & Director at Duane Reade Holdings, Inc.

President & Chief Executive Officer at Lowe's Companies, Inc.

Founder at The Policy Circle

Former Chief Investment Officer & Vice President at T. Rowe Price Group, Inc.

Former President & Chief Executive Officer at Affinity Health Plan, Inc

Former Founder & Principal at Relational Investors LLC

Chief Executive Officer at Adtalem Global Education

President & Chief Executive Officer at Cracker Barrel Old Country Store, Inc.

Operating Partner at Advent International Corp.

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Lowe's Companies, Inc.
Owners & Shareholders
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PSCM is a concentrated, research-intensive, fundamental value investor in the public markets. Their funds’ investment objectives are to preserve capital and to seek maximum, long-term capital appreciation commensurate with reasonable risk. The firm defines risk as the probability of a permanent loss of capital, rather than price volatility. In their value approach to investing, PSCM seeks to identify and invest in long and short investment opportunities they believe exhibit significant valuation discrepancies between current trading prices and intrinsic business (or net asset) value, often with a catalyst for value recognition. They focus on deeply undervalued or overvalued securities due to their belief that a well-priced purchase or short sale is often the most important determinant of the success of an investment. In addition, PSCM believes that the acquisition of a portfolio of investments, when acquired at a large discount to intrinsic value, provides a margin of safety that can mitigate the likelihood of an overall permanent loss of each fund’s capital.

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WFCS offers a variety of advisory programs including Separately Managed Account Programs, Mutual Fund Advisory Programs, Financial Advisor-Directed Programs and Non-Discretionary Advisory Programs. The firm's separately managed programs give clients the flexibility to select a model-based approach to separate account management or to customize a portfolio of individual professional money managers. WFCS' mutual fund advisory programs are designed to help clients take advantage of the expertise of professional money managers through mutual funds or current market trends through ETFs. Through their financial advisor-directed portfolio management programs, a client's Financial Advisor takes on the responsibility of making day-to-day investment decisions.

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Lazard Asset Management is known for its global perspective on investing and years of experience with global, regional and domestic portfolios. With more than 280 investment personnel worldwide, we offer investors of all types an array of equity, fixed income, and alternative investment solutions from our network of local offices in ten different countries. Our team-based approach to portfolio management helps us to deliver robust and consistent performance over time, and strong client relationships allow us to understand how to employ our capabilities to our clients' advantage. With over $146.0 billion in assets under management, we have offices located throughout the world in Bahrain, Boston, Chicago, Frankfurt, Hong Kong, London, Milan, Montreal, New York, San Francisco, Seoul, Sydney, Tokyo, Toronto, and Zurich. Lazard Asset Management’s business is a diversified, global investment platform that focuses on managing assets for our clients. As a result, throughout all market environments, we maintain a disciplined approach to investing with a research-driven investment process focusing on financial productivity and valuation. We believe there are substantial opportunities for value driven investors and continue to seek out and invest in companies with healthy balance sheets and sustainability of returns

Recent Transactions
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Lowe's Companies, Inc. purchases Invista Equities LLC /Stainmaster Brand from Koch Industries, Inc.

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Lowe's Companies, Inc. purchases Boomerang Commerce, Inc./Retail Analytics Platform from CommerceIQ, Inc.

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Aquiline Capital Partners LLC, Alacrity Solutions Group LLC purchase Alacrity Renovation Services LLC from Lowe's Companies, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onLowe's Companies, Inc. purchases RONA, Inc.

Legal Advisor

Advised onWoolworths Group Ltd., Hydrox Brands Pty Ltd. purchase Danks Holdings Pty Ltd.

Legal Advisor

Advised onLowe's Companies, Inc. purchases RONA, Inc.

Legal Advisor

Advised onLowe's Companies, Inc. purchases Orchard Supply Hardware Stores Corp. /72 Stores from OSH 1 Liquidating Corp.

Advisors & Consultants
Advisor

Senior Vice President & Director of OOH at Horizon Media, Inc.

Legal Advisor

Partner at Davis Wright Tremaine LLP

Advisor

Former Chief Financial Officer & Executive Vice President at Lowe's Companies, Inc.

Clients

Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) is the world's #1 nonfiction media company reaching more than 1.8 billion cumulative subscribers in 209 countries and territories. Discovery is dedicated to satisfying curiosity through 149 worldwide television networks, led by Discovery Channel, TLC, Animal Planet, Science and Investigation Discovery, as well as US joint venture networks OWN: Oprah Winfrey Network, The Hub and 3net, the first 24-hour 3D network. Discovery also is a leading provider of educational products and services to schools and owns and operates a diversified portfolio of digital media services, including Revision3.

Synchrony Financial engages in the provision of consumer financial services. It operates through three sales platforms: Retail Card, Payment Solutions, and CareCredit. The Retail Card platform is a provider of private label credit cards, and also provides Dual Cards and small-and medium-sized business credit products. The Payment Solutions platform is a provider of promotional financing for major consumer purchases, offering private label credit cards and instalment loans. The CareCredit platform is a provider of promotional financing to consumers for elective healthcare procedures or services, such as dental, veterinary, cosmetic, vision and audiology. The company was founded on September 12, 2003 and is headquartered in Stamford, CT.

PROG Holdings, Inc. engages in the provision of lease-purchase solutions. It offers retail sale and lease ownership of furniture, home appliances, consumer electronics, and accessories through its franchised stores and e-commerce platform. The company has changed its name from Aaron's Holdings Co., Inc. to PROG Holdings, Inc. in December 2020. PROG Holdings was founded in 1955 and is headquartered in Draper, UT.

Key Stats and Financials As of 2021
Market Capitalization
$149B
Total Enterprise Value
$146B
Earnings Per Share
$7.75
Revenue
$89.6B
Enterprise Value / Sales
1.63x
TEVNet Income
25.15x
Debt TEV
0.18x
Total Debt
$26.2B
Total Equity
$1.44B
Net Profit
$5.81B
Three Year Compounded Annual Growth Rate Of Revenue
9.3%
EBITDAMargin
14.46%
Enterprise Value EBITDAOperating
10.94x
EBITDA
$13B
Non-Profit Donations & Grants
Political Donations
$2,500
2014
$2,000
2014
$2,000
2014
Investments
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K4Connect, Inc. operates as a technology company which develops single enterprise managed system. It serves and empowers older adults and individuals living with disabilities. Its K4Community technology solutions act as an amenity for senior living communities. The solution provides smart products and features across home, wellness and engagement for residents and productivity, building and insight for the staff operators. The company was founded by F. Scott Moody and Jonathan Gould in 2013 and is headquartered in Raleigh, NC.

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Keen Home, Inc. engages in the development of room temperature control system. Its products include smart vent, temperature sensor, smart bridge, Keen zoning bundles, ecovent whole home system, and accessories. The company was founded by Ryan Fant, Nayeem Hussain, and William McLeod on March 15, 2013 and is headquartered in New York, NY.

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Decorist, Inc. provides interior design services. Its services include decorating and designing of living room, home office, dining area, nursery room, bathroom, playroom, and kitchen. The company was founded by Gretchen W. Hansen and is headquartered in San Francisco, CA.

Suppliers
MoistureShield, Inc. Holding Companies | Springdale, AR

MoistureShield, Inc. engages in the development, manufacturing, and marketing of composite building materials. The company was founded by Joe G. Brooks on March 07, 1989 and is headquartered in Springdale, AR.

American Woodmark Corp. Industrial Machinery & Manufacturing | Winchester, VA

American Woodmark Corp. manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. It operates through the American Woodmark, Timberlake, Shenandoah Cabinetry, Waypoint Living Spaces, Estate by RSI, Continental Cabinets, VillaBath by RSI, Stor-It-All and Professional Cabinet Solutions. The company was founded by William F. Brandt, Jr., Richard Al Graber, Jeffrey S. Holcomb, and Donald P. Mathias in 1980 and is headquartered in Winchester, VA.

Armstrong World Industries, Inc. Wholesale: Consumer Non-Durables/Sundries | Lancaster, PA

Armstrong World Industries, Inc. engages in the design, manufacture, and trade of commercial and residential ceiling, wall, and suspension system solutions. It operates through the following segments: Mineral Fiber, Architectural Specialties and Unallocated Corporate. Mineral Fiber segment produces suspended mineral fiber and soft fiber ceiling systems for use in commercial and residential settings. Architectural Specialties segment produces and sources ceilings and walls for use in commercial settings. Unallocated Corporate segment includes assets, liabilities, income and expenses that have not been allocated to other business segments. The company was founded by Thomas M. Armstrong in 1860 and is headquartered in Lancaster, PA.

Awards & Honors
Rank #47
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #47
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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