International Companies

Lowe's lifts forecasts after solid Q2, acquires FBM for $8.8bn

By Josh White

Date: Wednesday 20 Aug 2025

(Sharecast News) - Lowe's Companies delivered better-than-expected second-quarter earnings on Wednesday and announced an $8.8bn deal to acquire Foundation Building Materials (FBM), stepping up its push into the professional construction market and outpacing rival Home Depot's recent acquisition move.
For the quarter ended 1 August, the home improvement retailer posted net...

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