Wood News

Lowes posts strong earnings for 2013; fourth-quarter profits rise



PORTLAND, OR , Feb. 26, 2014 (RISI) - 

Lowe's Companies, Inc. reported net earnings of $306 million for the quarter ended January 31, 2014, a 6.3% increase over the same period a year ago. Diluted earnings per share increased 11.5% to $0.29 from $0.26 in the fourth quarter of 2012. For the fiscal year, net earnings increased 16.7% to $2.3 billion and diluted earnings per share increased 26.6% to $2.14.

Sales for the fourth quarter increased 5.6% to $11.7 billion from $11.0 billion in the fourth quarter of 2012 and comparable sales increased 3.9%. For the fiscal year, sales were $53.4 billion, a 5.7% increase over fiscal year 2012, and comparable sales increased 4.8%.

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