LOW · 10-Q · 2026Q3 · Full report

Acquisition / Partnership / Divestiture

LOWES COMPANIES INC · 2026-08-27 · Importance 40 · Surprise 42

Lowe’s continued integrating Foundation Building Materials (FBM) and Artisan Design Group (ADG) to serve larger Pro customers and capture more planned Pro spending. The company recognized $96 million of pretax intangible-asset amortization related to FBM and ADG in the second quarter of fiscal 2026. The same $96 million acquisition-related charge was recognized in the first quarter, producing a $0.34 per-share pretax adjustment for the six-month period. ADG acquisition activity also contributed to prior-year investing cash outflows.

Key facts

• Included in the second quarter of 2026 results are pre-tax expenses of $96 million consisting of intangible asset amortization related to the acquisitions of FBM and ADG. source
• In the first quarter of fiscal 2026, the Company recognized pre-tax expenses of $96 million consisting of intangible asset amortization related to the acquisitions of Artisan Design Group and Foundation Building Materials. source
• In the second quarter of fiscal 2025, the Company recognized pre-tax expenses of $43 million consisting of transaction costs, purchase accounting adjustments, and intangible asset amortization related to the acquisition of Artisan Design Group. source
• We recognized pre-tax expenses of $96 million in each of the first and second quarters of fiscal 2026 related to intangible asset amortization of acquisitions of Artisan Design Group and Foundation Building Materials. source