Lowe's Companies (LOW) CEO Marvin Ellison on Q3 2019 Results - Earnings Call Transcript

Nov. 20, 2019 3:08 PM ETLowe's Companies, Inc. (LOW)
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Lowe’s Companies, Inc. (NYSE:LOW) Q3 2019 Earnings Conference Call November 20, 2019 9:00 AM ET

Company Participants

Marvin Ellison - President, Chief Executive Officer

Bill Boltz - Executive Vice President, Merchandising

Joe McFarland - Executive Vice President, Stores

David Denton - Executive Vice President, Chief Financial Officer

Conference Call Participants

Christopher Horvers - JPMorgan

Simeon Gutman - Morgan Stanley

Karen Short - Barclays

Steve Forbes - Guggenheim Securities

Seth Sigman - Credit Suisse

Greg Melich - Evercore ISI

Michael Lasser - UBS

Zach Fadem - Wells Fargo


Good day everyone and welcome Lowe’s Companies third quarter 2019 earnings conference call. This call is being recorded. Please note if you press star, one to enter the question queue prior to the start of today’s call, your signal did not register. You will need to press star, one again to enter the queue. Also, supplemental reference materials are available on Lowe’s investor relations website within the investor packet. While management will not be speaking directly to the slides, these slides are meant to facilitate your review of the company’s results and to be used as a reference document following the call.

During this call, management will be using certain non-GAAP financial measures. The supplemental reference materials include information about these measures and a reconciliation to the most directly comparable GAAP financial measures. Statements made during this call will include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Management’s expectations and opinions reflected in those statements are subject to risks, and the company can give no assurance that they will prove to be correct. Those risks are described in the company’s earnings release and in its filings with the Securities and Exchange Commission.

Hosting today’s conference will be Mr. Marvin Ellison, President and Chief Executive Officer; Mr. Bill Boltz, Executive Vice President, Merchandising; Mr. Joe

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