Lowe’s Companies Inc. (NYSE: LOW) won’t report earnings until May 20, 2025. However, the company gave investors something to think about in advance of the earnings call. In mid-April, Lowe’s announced it was acquiring Artisan Design Group (ADG) for $1.325 billion. The all-cash deal is expected to close by the end of the current calendar quarter.
[content-module:CompanyOverview|NYSE:LOW]The move comes almost exactly a year after rival Home Depot (NYSE: HD) acquired SRS Distribution, a company that provides goods and materials for home improvement contractors. Lowe’s is targeting the same channel with its latest acquisition. ADG is a nationwide provider of design, distribution, and installation services for interior surface finishes such as flooring, cabinets and countertops.
