earnings
confidence high
sentiment positive
materiality 0.80
Core & Main Q2 net sales up 43.4% to $1.86B; raises FY22 Adj. EBITDA guidance
Core & Main, Inc.
2022-Q2 EPS reported
$1.17
revenue$3,459,000,000
- Net sales $1,861M (+43.4% YoY); net income $182M vs. $10M prior year.
- Adjusted EBITDA $277M (+78.7% YoY); margin 14.9% (+300 bps).
- Gross profit margin 26.9% (+190 bps) from inventory strategies and pricing.
- FY2022 Adjusted EBITDA guidance raised to $840-890M (39-47% YoY growth).
- Closed Earthsavers Erosion Control and Inland Water Works acquisitions; signed deal for Trumbull municipal waterworks.