Company profile

Marvin R. Ellison
Incorporated in
Fiscal year end
IRS number

LOW stock data



4 Dec 19
9 Dec 19
31 Jan 20


Company financial data Financial data

Quarter (USD) Nov 19 Aug 19 May 19 Feb 19
Revenue 17.39B 20.99B 17.74B 15.65B
Net income 1.05B 1.68B 1.05B -824M
Diluted EPS 1.36 2.14 1.31 -0.99
Net profit margin 6.03% 7.98% 5.90% -5.27%
Operating income 1.56B 2.38B 1.42B -568M
Net change in cash -1B -1.18B 2.46B -1.16B
Cash on hand 794M 1.8B 2.97B 511M
Cost of revenue 11.75B 14.25B 12.16B 10.75B
Annual (USD) Feb 19 Jan 16 Jan 15
Revenue 71.31B 59.07B 56.22B
Net income 2.31B 2.55B 2.7B
Diluted EPS 2.84 2.73 2.71
Net profit margin 3.25% 4.31% 4.80%
Operating income 4.02B 4.97B 4.79B
Net change in cash 106M -61M
Cash on hand 511M 405M 466M
Cost of revenue 48.4B 38.5B 36.67B

Financial data from company earnings reports

Financial report summary

Management Discussion
  • Net Sales – Net sales increased 3.9% to $71.3 billion in 2018. The increase in total sales was driven primarily by 2.4% comparable sales growth, the adoption of the revenue recognition accounting standard ASU 2014-09, which primarily resulted in a reclassification of profit sharing income associated with the proprietary credit program from SG&A to sales (+1.1%), and new stores (+0.5%). The comparable sales increase of 2.4% in 2018 was driven primarily by a 3.4% increase in comparable
  • average ticket offset by a 1.1% decrease in comparable customer transactions. Comparable sales increases during each quarter of the fiscal year, as reported, were 0.6% in the first quarter, 5.2% in the second quarter, 1.5% in the third quarter, and 1.7% in the fourth quarter.
  • During 2018, we experienced comparable sales increases in eight of 11 product categories. We experienced low single-digit negative comparable sales in Flooring and Fashion Fixtures, primarily due to inventory out-of-stocks, poor reset execution, and assortment misalignment, as well as flat comparable sales in Paint. Comparable sales increases were above the company average in Appliances, Lumber & Building Materials, Lawn & Garden, and Rough Plumbing & Electrical. Strong brand and service advantages in Appliances drove strong comparable sales during the year. Lumber & Building Materials benefited from increased demand from the Pro customer. Strength in Lawn & Garden was driven primarily by lawn care, live goods, and landscape products. We also achieved strong comparable sales in Rough Plumbing & Electrical driven by continued improvements in brand relevance and demand from the Pro customer. Geographically, 12 of 14 U.S. regions experienced positive comparable sales with the strongest results in the South and North, with the remaining two regions experiencing approximately flat comparable sales.
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