Lowe's Companies, Inc.

Lowe's Companies, Inc.

Lowe's Companies, Inc.

Overview
Date Founded

1952

Headquarters

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

Type of Company

Public

Employees (Worldwide)

300K

Industries

Retail: Home Improvement
IT Consulting & Services
Appliances & Electronics

Company Description

Lowe's Cos., Inc. engages in the retail sale of home improvement products. It 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 & Director

Senior Vice President, Deputy General Counsel & Assistant Secretary

Executive Vice President & Chief Financial Officer

General Counsel, Secretary & Chief Compliance Officer

Senior Vice President & Deputy General Counsel

Chief Marketing Officer

Executive Vice President & Chief Information Officer

Chief Accounting Officer & Senior Vice President

Executive Vice President & Chief Human Resources Officer

President, Orchard Supply Hardware

Board of Directors

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

Former President & Chief Executive Officer at Anthem, Inc.

Senior Vice President-Value Based Care at Novant Health, Inc.

Former Director at Nuevo Energy Co.

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

Chairman & Chief Executive Officer at Adtalem Global Education

Operating Partner at Advent International Corp.

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

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Owners & Shareholders
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Capital World Global Investors (CWGI) is the investment adviser to the American Funds Group, a family of 30 funds marketed to individuals exclusively through financial advisers and other intermediaries. American Funds are also used as investment vehicles for 401ks, other retirement plans, variable annuities and 529 college savings plans. The funds have the following characteristics: (1) a long-term, value-oriented approach (2) long-established, global research (3) a multiple portfolio counselor system that combines teamwork with individual accountability (4) experienced, long-tenured investment professionals and (5) a commitment to low operating expenses, among the lowest in the fund industry. CWGI uses a Multiple Portfolio Counselor System. The assets of each fund are divided into smaller, more manageable portions. Each portion is managed by a portfolio counselor who operates autonomously, investing his or her portion as though it were an entire fund (subject to fund objectives and overall guidelines). Research analysts typically manage a segment as well, bringing their expertise directly to bear on the fund's results. Portfolio counselors are free to make their own decisions. As a fund's assets grow, new counselors can be added. Investment decisions are based on internal research. Equity research is comprehensive and bottom-up while at the same time constantly monitoring broader economic, political, currency and interest rate trends. Investment research is proprietary and used solely by CWGI portfolio managers.

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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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Barrow, Hanley, Mewhinney & Strauss has a strict definition of value. Our equity portfolios exhibit below-market price-to-earnings ratios, below-market price-to-book ratios, and above-market dividend yields, regardless of market conditions. As a result, each of our clients is assured that we will do our part to maintain the style integrity of their overall portfolio. In fixed income, we define value as temporarily mispriced securities with yield-to-maturity advantages over Treasury bonds of comparable maturity. We identify each opportunity from the bottom up, building a duration-neutral portfolio designed to "out-yield" the market. In this way, Barrow Hanley seeks to achieve higher total returns for our fixed income clients with below-benchmark volatility. Mutual Fund Sub-Advisory Services Stability of investment team, strict adherence to style and uniformity of process are hallmarks of Barrow Hanley. Through an investment in a Barrow Hanley sub-advised mutual fund, individual investors are able to access the research-driven, bottom-up approach to active security selection that is utilized by major pension plans, foundations and endowments, and other institutional investors worldwide. Barrow Hanley currently serves as a sub-advisor to more than 30 equity and fixed income mutual funds. In addition to sub-advising an array of nationally-recognized mutual funds in the U.S., we sub-advise a number of internationally-based funds.

Recent Transactions
Details Hidden

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

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Lowe's Companies, Inc. purchases Maintenance Supply Headquarters LP

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Lowe's Companies, Inc. purchases RONA, Inc.

Transaction Advisors
Legal Advisor

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

Legal Advisor

Advised onWoolworths Group Ltd., Carboxy Pty Ltd. purchase Danks Holdings 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

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.

Key Stats and Financials As of 2019
Market Capitalization
$81.9B
Total Enterprise Value
$94.3B
Earnings Per Share
$2.84
Enterprise Value Sales
1.32x
TEVNet Income
40.9x
Debt TEV
0.17x
Total Equity
$3.64B
Revenue
$71.3B
Net Profit
$2.31B
Total Debt
$16.2B
EBITDAMargin
10.81%
Enterprise Value EBITDAOperating
12.23x
EBITDA
$7.71B
Three Year Compounded Annual Growth Rate Of Revenue
6.48%
Five Year Compounded Annual Growth Rate Of Revenue
5.95%
Political Donations
$2,500
2014
$2,000
2014
$2,000
2014
Investments
Details Hidden

K4Connect, Inc. transforms community apartments and residences into smart homes. It develops and provides a software solution that helps to connect multiple devices and control them through a single application. The company was founded by Scott Moody and Jonathan Gould in 2013 and is headquartered in Raleigh, NC.

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Keen Home, Inc. engages in developing proactive software and hardware products to protect and enhance a home's core systems. It also involves in residential heating and cooling systems. The company was founded by Ryan Fant, Nayeem Hussain, and William McLeod in 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
Advanced Environmental Recycling Technologies, Inc. Equipment & Office Supplies | Springdale, AR

Advanced Environmental Recycling Technologies, 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. Building Products & Construction Materials | 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, Simply Woodmark, Timberlake, Shenandoah Cabinetry, Shenandoah Value Series, and Waypoint Living Spaces brands. 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. Furniture | 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: Americas; Europe, Middle east, and Africa; and Pacific Rim. The firm sells its products under the following brands: Armstrong, BioGuard, Calla, Cirrus, Cortega, Dune, Huiyi, Humiguard, Infusions, Lyra. MetalWorks, Optima, Perla, Soundscapes, Total Acoustics, Ultima, and WoodWorks. 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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