Lowe's Companies, Inc. (NYSE:LOW) Q3 2024 Results Conference Call November 19, 2024 9:00 AM ET

Company Participants

Kate Pearlman - Vice President, Investor Relations & Treasurer
Marvin Ellison - Chairman & Chief Executive Officer
Bill Boltz - Executive Vice President, Merchandising
Joe McFarland - Executive Vice President, Stores
Brandon Sink - Executive Vice President & Chief Financial Officer

Conference Call Participants

Peter Benedict - Baird
Steven Forbes - Guggenheim Securities
Simeon Gutman - Morgan Stanley
Christopher Horvers - JPMorgan
Eric Bosshard - Cleveland Research
Karen Short - Melius Research
Seth Sigman - Barclays
Chuck Grom - Gordon Haskett

Operator

Good morning, everyone. Welcome to Lowe's Companies Third Quarter 2024 Earnings Conference Call. My name is Rob, and I'll be your operator for today's call. As a reminder, this conference is being recorded.

I will now turn the call over to Kate Pearlman, Vice President of Investor Relations and Treasurer.

Kate Pearlman

Thank you, and good morning. Here with me today are Marvin Ellison, Chairman and Chief Executive Officer; Bill Boltz, our Executive Vice President, Merchandising; Joe McFarland, our Executive Vice President, Stores; and Brandon Sink, our Executive Vice President and Chief Financial Officer. I would like to remind you that our notice regarding forward-looking statements is included in our press release this morning, which can be found on Lowe's Investor Relations website.

During this call, we will be making comments that are forward-looking, including our expectations for fiscal 2024. Actual results may differ materially from those expressed or implied as a result of various risks, uncertainties and important factors, including those discussed in the risk factors, MD&A and other sections of our annual report on Form 10-K and our other SEC filings. Additionally, we'll be discussing certain non-GAAP financial measures. A reconciliation of these items to U.S. GAAP can be found in the quarterly earnings section of our Investor Relations website.

Now I'll turn the call over to Marvin.

Marvin Ellison

Thank you, Kate, and good morning, everyone, and thank you for joining us today. Before discussing our third quarter results, I'd like to take a moment to offer my sympathy to the Marcus family on the passing of Bernie Marcus. Bernie and his partners Arthur Blank, Ken Langone and Pat Farrah invented the modern home improvement business model. And many years ago, Bernie took me under his wing to teach me the home improvement business.

As a young executive eager to learn about merchandising, marketing and business strategy for one of the icons of the industry, I was surprised to do my first meeting, the only thing that Bernie talked about was the importance of people, both customers and associates. Bernie provided me with a lot of coaching, wisdom and advice during my early years in home improvement. He was a true original in every sense of the word. And because of its generosity and philanthropy, he leaves a legacy far beyond the home improvement industry. From me personally and from all of us at Lowe's, our thoughts and our prayers go out to his family and to his loved ones.