secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0001856525-22-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core & Main Q2 net sales up 43.4% to $1.86B; raises FY22 Adj. EBITDA guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652522000044/0001856525-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652522000044/cnm-20220913.htm
  HTML page:      https://secwatch.observer/filing/0001856525-22-000044

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