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Lowe's is buying Foundation Building Materials, a distributor of drywall, insulation and other products, for approximately $8.8 billion as the home improvement retailer intensifies its focus on professional builders.FBM also provides metal framing, ceiling systems, commercial doors and hardware and other products that serve large residential and commercial professionals in both new construction and repair and remodel applications. It has more than 370 locations in the United States and Canada serving 40,000 professional customers.The acquisition is part of Lowe's move to provide more options for professional builders.
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Lowe's Companies, Inc. LOW reported better-than-expected earnings for the second quarter on Wednesday.
Lowe's NYSE: LOW FQ2 2026 earnings report proves that it is still a good buy, capable of providing value for investors through capital return and equity gains. The highlights include a beat-and-raise quarter, improved profitability, and new acquisitions that expand its exposure to the Pro market while deepening penetration into the new home market.
Lowe's Companies, Inc. remains a Buy, as recent results show improving financials, raised guidance, and continued capital returns despite modest stock outperformance. The acquisition of Foundation Building Materials, or FBM, is transformational, expanding Lowe's reach in the Pro market and unlocking significant cross-selling opportunities. LOW stock trades at a notable discount to peers like Home Depot and Floor & Décor, even after accounting for the FBM acquisition and increased leverage.
Lowe's Companies, Inc. (NYSE:LOW ) Q2 2025 Earnings Conference Call August 20, 2025 9:00 AM ET Company Participants Brandon J. Sink - Executive VP & CFO Joseph Michael McFarland - Executive Vice President of Stores Kate Pearlman - Vice President, Investor Relations & Treasurer Marvin R.
LOW tops Q2 earnings estimates, posts positive comps, and lifts full-year sales outlook after closing its ADG deal.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 200 points on Wednesday.
The quarterly results underscore the home improvement retailer's continued investments in service offerings and operational efficiency.
CNBC's Courtney Reagan joins 'Money Movers' to discuss Lowe's recent quarter.