Lowe's Companies, Inc. (NYSE:LOW) Goldman Sachs 32nd Annual Global Retailing Conference 2025 September 3, 2025 1:10 PM EDT
Company Participants
Marvin Ellison - President, CEO & Chairman
Conference Call Participants
Katharine McShane - Goldman Sachs Group, Inc., Research Division
Presentation
Katharine McShane
MD & Retail Analyst
Good afternoon, everyone. Thank you. It's my pleasure to introduce the management for Lowe's. Today, we have with us Marvin Ellison, Chairman, President and Chief Executive Officer. Marvin was appointed in his current role in 2018 and has more than 30 years of leadership and operational experience in the retail and home improvement industry.
I am going to turn the podium over to Marvin for some prepared comments. We're doing this one a little bit differently as my questions are going to be non-deal-related topics. And with that, I will turn it over to Marvin.
Marvin Ellison
President, CEO & Chairman
Good afternoon. Thank you, Kate. So I look forward to speaking with Kate here in a moment about our quarterly earnings results and the trends that's impacting our industry. But before we begin the Q&A, I'd like to take a few minutes to provide some context to the recent announcement we made last month on the acquisition of Foundation Building Materials or FBM.
So FBM is a leading distributor of interior building products specializing in drywall, metal framing, ceiling systems, insulation and commercial doors and hardware. FBM serves a diverse large pro customer base with approximately 45% residential mix, which spans single-family and multifamily construction and 55% commercial mix, which is split fairly evenly between new construction and repair and remodel applications.
We've been engaged with FBM's leadership team since the beginning of the year, and we've been consistently impressed by their deep industry expertise and a track record for profitable growth. Founder and