Lowe’s Companies, Inc. reported its financial results for the third quarter of 2025, posting net earnings of $1.6 billion and diluted earnings per share (EPS) of $2.88. This compares to a diluted EPS of $2.99 in the same period last year. The company noted that it incurred $129 million in pre-tax expenses related to its acquisitions of Foundation Building Materials (FBM) and Artisan Design Group (ADG). Excluding these costs, adjusted diluted EPS rose by 5.9% to $3.06 compared to the prior year’s adjusted figure.
Total sales for the quarter reached $20.8 billion, up from $20.2 billion in the third quarter of 2024. Comparable sales increased by 0.4%, supported by an 11.4% rise in online sales, double-digit growth in home services, and continued gains in Pro customer sales.
Marvin R. Ellison, Lowe’s chairman, president and CEO, stated: “The company delivered another quarter of positive comp sales, and we’re pleased to start November with positive comps as well, despite headwinds related to hurricane activity in the prior year. With the closing of the FBM acquisition last month, we look forward to enhancing our offering to Pro customers and creating more sustainable, long-term sales and profit expansion for the company.” He added: “I would like to thank our associates for their hard work and dedication to the business.”
As of October 31, 2025, Lowe’s operated 1,756 stores with a total retail selling space of nearly 196 million square feet.
During the quarter, Lowe’s invested $8.8 billion for the acquisition of FBM and paid out $673 million in dividends as part of its ongoing capital allocation strategy focused on shareholder value.
The company updated its full-year outlook for 2025 due to ongoing macroeconomic uncertainty and incorporated expectations related to FBM into its projections:
– Total annual sales are now expected at $86 billion.
– Comparable sales are projected to be flat compared with last year.
– Adjusted operating margin is forecast at 12.1%.
– Net interest expense is estimated at approximately $1.4 billion.
– The effective income tax rate is expected around 24%.
– Adjusted diluted EPS is anticipated at about $12.25.
– Capital expenditures could reach up to $2.5 billion.
A conference call discussing these results was scheduled for November 19 at 9 a.m. ET and could be accessed via Lowe’s investor relations website at ir.lowes.com.
Lowe’s serves roughly 16 million customer transactions weekly across over 1,700 home improvement stores and employs about 300,000 people nationwide.
The press release also included cautionary statements regarding forward-looking information under U.S. securities law and detailed non-GAAP financial measures used in reporting results.
