Lowe's Companies, Inc.

- In Q1, Lowe's repaid $2.4 billion in bond maturities as part of their commitment to deleverage. - They aim to return to a 2.75x leverage ratio by mid-2027. - Adjusted debt to EBITDAR was 3.1x at the end of Q1. - No mention of new fundraising through debt or equity during the current period. - Capital expenditures planned up to $2.5 billion for the year to invest in Total Home strategy and tech initiatives. - The focus appears to be on managing existing debt levels rather than raising new funds.

- Q1 capital expenditures totaled $521 million, focused on Total Home strategy, tech-driven productivity efforts, and key AI initiatives. (Page 5) - Full-year capital expenditures expected to be up to $2.5 billion. (Page 5) - Continued investment in the appliance store environment, brand expansion, and fulfillment capabilities to drive growth. (Page 14) - Investments planned in sales-driving actions, particularly in the second quarter. (Page 5) - Expansion of workwear and pet assortments to additional locations by year-end. (Pages 5 and 14) - $250 million investment by The Lowes Foundation to train and develop skilled tradespeople, supporting long-term industry demand. (Page 2)

- Lowe’s expects fiscal 2026 sales between $92 billion and $94 billion, with comparable sales flat to up 2%. - Second quarter same-store sales guidance is around 1%, with expectations for growth driven by seasonal categories and continued strength in Pro, Appliances, Online, and Home Services. - Growth is anticipated from ongoing sales-driving initiatives like Pro Extended Aisle, Total Home strategy, loyalty programs, and expanded product assortments (workwear, pet, appliances). - Investments in AI and technology aim to improve productivity and customer experience, further supporting sales growth. - Expansion into new markets through acquisitions (FBM, ADG) focuses on residential and commercial builder markets, expected to build leadership positions over time. - The company remains cautious on macroeconomic factors but aims to take market share and outperform in a muted overall market. - Key sales events ahead (Memorial Day, Father’s Day, July 4th) expected to drive volume growth in the second half.

- Lowe’s affirms fiscal 2026 outlook with expected sales of $92 billion to $94 billion. - Comparable sales forecasted flat to up 2% for the full year. - Adjusted operating margin anticipated in the range of 11.6% to 11.8%. - Full-year adjusted diluted earnings per share (EPS) expected approximately between $12.25 and $12.75. - Second quarter EPS expected to be about 2% below prior year adjusted diluted EPS, with sales and earnings in line with start-of-year expectations. - Continued investment in sales-driving initiatives and productivity improvements to support margin and EPS targets. - Sustained growth driven by Pro, Appliances, Online, Home Services, and rollout of workwear and pet assortments. - Ongoing focus on innovation, promotions, and fulfillment enhancements to drive customer engagement and sales growth.

- The transcript does not explicitly mention specific figures for current or expected orderbook or pending orders. - However, it references steady demand and growth, especially in the Pro segment, which shows continued momentum. - The Pro backlog is described as generally stable, despite concerns around rising labor costs. - Lowe’s is seeing growth through expanded services like Pro Extended Aisle, new supplier programs, and enhanced fulfillment options. - The company reports strong performance in seasonal categories and ongoing expansions in merchandise divisions. - Investments in AI tools and sales-driving initiatives support improving productivity and service which can positively impact order fulfillment. - Overall, the company expects continued strength in orders correlating with steady sales and market share gains, but exact orderbook/pending order data is not provided.