Growth ChallengesAchieving sustained growth above 3% seems challenging without lower interest rates, and there is uncertainty about the impact of inflation on this scenario.
Integration ChallengesThe wholesale distribution segment expansion through the acquisition is seen as a strategic move, similar to HD's approach, with potential integration challenges acknowledged.
Leverage And RepurchasesLOW's acquisition of Foundation Building Materials will raise the company's leverage to 3.4x-3.5x, and share repurchases will be paused for the next ~24 months.