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Lowe's $8.8B Pro Play: FBM Acquisition & Raised Forecast

Lowe's acquires Foundation Building Materials for $8.8B cash to expand pro reach. Q2 beat earnings ($4.33/share) & revenue ($24B) led to raised full-year sales forecast to $84.5B-$85.5B. Strategic shift to pro market amidst soft DIY.

Lowe's $8.8B Pro Play: FBM Acquisition & Raised Forecast
Photo by Karl Solano on Unsplash

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