exhibit992-11012024

Financial Highlights Marvin R. Ellison, Chairman & CEO “Our results were modestly better-than- expected, even excluding storm-related activity, driven by strong Pro and online sales and smaller-ticket outdoor DIY projects. I’d like to extend my heartfelt sympathy to those who suffered losses from Hurricanes Helene and Milton. I would also like to express my appreciation for our associates, suppliers and first responders for their commitment to the impacted communities.” Q3 2024 RESULTS First ever Member Week in October with exclusive deals -1.1% COMP SALES 33.7% GROSS MARGIN +3 basis points vs. LY $2.99 DILUTED EPS -2% vs. LY Pro comp sales up high- single digits with broad-based growth across regions and product categories Online performance growth driven by improvement in traffic and conversion; double digit traffic increase on the app Comparable Sales Summary COMP TRANSACTIONS COMP $101.72 AVERAGE TICKET ONLINE SALES GROWTH -1.3% +0.2% +6.0% -0.1% -3.0% -2.8%>$500 $100-$500 <$100 5 of 15 Regions Delivered comp growth above company average Product Category Performance Comp above company average in 4 of 14 product categories BUILDING MATERIALS HARDWARE Monthly Comp Sales Performance Comp Sales by Ticket Size Total Home Strategy Updates 1. Adjusted Operating Margin and Adjusted Diluted EPS are non-GAAP financial measures. Refer to ir.lowes.com for a reconciliation of non-GAAP measures. $2.89 ADJ. DILUTED EPS 1 -6% vs LY $12M Pledged for hurricane relief 12.6% OPERATING MARGIN -60 basis points vs. LY 12.3% ADJ. OPERATING MARGIN 1 -86 basis points vs. LY We returned $1.4 BILLION to our shareholders through dividends and share repurchases -3.3% -1.2% +1.3% -6.3% -8.3% -7.3% 2024 2023 AUG SEP OCT SEASONAL & OUTDOOR LIVING PAINT Exhibit 99.2

Market Share Acceleration Drive Pro penetration Accelerate online business Expand installation services Drive localization Elevate assortment Total Home Strategy Providing a full complement of products and services for Pros and Consumers alike, enabling a Total Home solution for every need in the home

Q3 2024 Reconciliation of Non-GAAP Measures Management of Lowe's Companies, Inc. (the Company) uses certain non-GAAP financial measures to provide additional insight for analysts and investors in evaluating the Company's financial and operating performance. These non-GAAP financial measures should not be considered alternatives to, or more meaningful indicators of, the Company's financial measures as prepared in accordance with GAAP. The Company's methods of determining these non-GAAP financial measures may differ from the methods used by other companies and may not be comparable. The Company has provided the following non-GAAP financial measures to assist the user in comparing its operating performance for the three months ended November 1, 2024: adjusted operating income, adjusted operating margin, and adjusted diluted earnings per share. These measures exclude the impacts of a certain item, further described below, not contemplated in Lowe's Business Outlook. Fiscal 2024 Impacts During fiscal 2024, the Company recognized financial impacts from the following: • In the third quarter of fiscal 2024, the Company recognized pre-tax income of $54 million consisting of a realized gain on the contingent consideration associated with the fiscal 2022 sale of the Canadian retail business (Canadian retail business transaction). The following provides a reconciliation of the Company's non-GAAP financial measures to the most directly comparable GAAP financial measures: Three Months Ended Adjusted Operating Income (in millions, except percentage data) November 1, 2024 Operating Income, As Reported $ 2,536 Canadian retail business transaction (54) Adjusted Operating Income $ 2,482 Operating Margin, % of Sales, As Reported 12.57 % Adjusted Operating Margin, % of Sales 12.31 % Three Months Ended November 1, 2024 Adjusted Diluted Earnings Per Share Pre-Tax Earnings Tax 1 Net Earnings Diluted Earnings Per Share, As Reported $ 2.99 Canadian retail business transaction (0.10) — (0.10) Adjusted Diluted Earnings Per Share $ 2.89 1 Represents the corresponding tax benefit or expense specifically related to the item excluded from adjusted diluted earnings per share.