secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2022-06-14T23:59:59+00:00
Accession:  0001856525-22-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core & Main reports record Q1: net sales up 52% to $1.6B; Adj EBITDA up 101% to $219M
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- Net sales $1,598M (+52% YoY); gross margin 26.3% (+200 bps); net income $137M vs $27M.
- Adjusted EBITDA $219M (+101%); margin 13.7% (+340 bps); net debt leverage improved to 2.2x.
- Raising FY2022 Adj EBITDA guidance to $710-750M (18-24% YoY growth).
- Closed acquisitions of Dodson Engineered Products and Lock City Supply; signed Earthsavers deal.
- 25th consecutive quarter of average daily sales growth; strong demand across end markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652522000028/0001856525-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652522000028/cnm-20220614.htm
  HTML page:      https://secwatch.observer/filing/0001856525-22-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer