Acquisition of Foundation Building Materials (FBM): Lowe's announced its acquisition of FBM for $8.8 billion, expected to close in 2025. This move aims to strategically expand Lowe's pro offerings within a $250 billion addressable market, diversifying revenue streams and enhancing long-term shareholder value. FBM's strong growth history includes a 25% CAGR in revenue and 30% in EBITDA from 2019 to 2024.

Q2 Financial Performance: For the second quarter of 2025, Lowe's reported sales of $24 billion, with a 1.1% increase in comparable sales. Adjusted diluted earnings per share rose 5.6% to $4.33. While sales growth was solid, with a boost from seasonal improvements and pro segments, monthly comps were mixed, showing a decline in May but recovering to a 4.7% increase in July.

Positive Long-term Industry Outlook: The home improvement market remains buoyant due to favorable macroeconomic conditions: strong homeowner finances, low unemployment, and an aging housing stock. Analysts estimate $50 billion in deferred project demand, with a need for 18 million new homes by 2033, indicating a favorable environment for Lowe's growth strategy.