Categories AlphaGraphs, Earnings, Retail

Infographic: Highlights of Lowe’s Companies (LOW) Q1 2020 earnings results

Lowe’s Companies, Inc. (NYSE: LOW) reported a 28% jump in earnings for the first quarter of 2020 helped by higher revenue. The results reflected the benefits of its retail fundamentals strategy, the improvement in execution, and the resiliency of the home improvement business model.

Lowe's Companies (LOW) Q1 2020 earnings

Given the uncertain economic outlook, the company raised $4 billion in senior unsecured notes and increased the capacity of its revolving credit facilities by $770 million. After repaying $500 million of fixed-rate notes due April 15, 2020, the company now has $6 billion of cash and cash equivalents as well as $3 billion in undrawn capacity on its revolving credit facilities which will be available for any unanticipated liquidity needs.

The company is withdrawing its financial guidance for fiscal 2020. During the quarter, the company also decided to suspend share repurchases and does not expect to repurchase any more shares this year beyond what was executed in the first quarter.

Past Performance

Most Popular

Key highlights from Autodesk (ADSK) Q4 2021 earnings results

Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per

Infographic: Beyond Meat (BYND) reports wider Q4 loss; Revenue up 4%

Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus

Virgin Galactic stock tanks on delayed test flight

Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000

Add Comment
Viewing Highlight