Key Developments-Lowe's Companies Inc Company

Historical Developments
Lowe's Companies, Inc:Declares a quarterly cash dividend of $0.18 per share.Payable May 7, to
shareholders of record as of April 23. Full Article
Lowe's Companies Inc:Kobalt brand entry into the outdoor power equipment category with spring
launch of new line featuring seven cordless tools.Hedge trimmer, blower, chainsaw, string
trimmer/edger, pole saw and two lawn mowers.Exclusively available at Lowe's, Kobalt cordless
outdoor power tools all operate off a single, interchangeable, 40-volt lithium ion battery system
providing extended runtime and incredible power. Full Article
Lowe's Companies, Inc:Expects FY 2014 total sales are expected to increase about 5 pct.Expects FY
2014 comparable sales are expected to increase about 4 pct.Expects FY 2014 diluted EPS of about
$2.60.Says it reported revenue of $53.4 bln in FY 2013.FY 2014 revenue of $56.2 bln and EPS of
$2.64 - Thomson Reuters I/B/E/S. Full Article
Lowe's Companies Inc announced that for fiscal 2013, it expects total sales to increase
approximately 6%. Comparable sales are expected to increase approximately 5% and diluted
earnings per share (EPS) of approximately $2.15 (versus $2.10 on August 21, 2013). The Company
reported revenue of $50.5 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are
expecting the Company to report sales of $53.1 billion and EPS of $2.19 for fiscal 2013. Full
Article
Lowe's Companies, Inc announced that it has declared a quarterly cash dividend of $0.18 per share,
payable February 5, 2014, to shareholders of record as of January 22, 2014. Full Article
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nounced that it has agreed to sell $500 million of 3.875% Notes due 2023 and $500 million of 5%
Notes due 2043. Estimated net proceeds from this offering will be approximately $984 million, after
deducting offering expenses and underwriters` discounts. Lowe`s intends to use the net proceeds
from the sale of the Notes for general corporate purposes. Closing is expected to occur on
September 11, 2013. Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities
LLC, and SunTrust Robinson Humphrey, Inc. are acting as joint book-running managers for the
notes offering. Full Article
Lowe's Companies Inc announced the completion of its previously announced acquisition of the
majority of assets of Orchard Supply Hardware, including 72 Orchard stores, for approximately $205
million in cash, plus the assumption of payables owed to nearly all of Orchard`s supplier partners.
Orchard will continue to operate as a separate, standalone business, retaining its brand and its San
Jose headquarters. Goldman Sachs acted as financial advisor to Lowe`s, while Hunton & Williams
LLP acted as legal advisor. Full Article
Lowe's Companies Inc announced that it has declared a quarterly cash dividend of $0.18 per share,
payable November 6, 2013, to shareholders of record as of October 23, 2013. Full Article
Lowe's Companies Inc announced that for fiscal 2013, it expects total sales to increase
approximately 5%. Comparable sales are expected to increase approximately 4.5%. Diluted earnings
per share (EPS) are the expected of approximately $2.10. The Company reported revenue of $50.5
billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report
sales of $52.16 billion and EPS of $2.10 for fiscal 2013. Full Article
Lowe's Companies Inc announced further progress in its plans to acquire the majority of assets of
Orchard Supply Hardware, including 72 stores, for approximately $205 million in cash, plus the
assumption of payables owed to nearly all of Orchard's supplier partners, subject to Bankruptcy
Court approval. Lowe's has been advised by Orchard that no additional bids were received by the
deadline of August 9, 2013. The transaction will be presented to the Bankruptcy Court for approval
on August 20, 2013, and Lowe's anticipates completing the acquisition by the end of August. Full
Article