{"schema_version":"secwatch.filing_event.v1","accession":"0001856525-22-000052","form_type":"8-K","ticker":"CNM","cik":"0001856525","company_name":"Core & Main, Inc.","filed_at":"2022-12-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.791773+00:00","generated_at":"2026-06-21T05:41:55.472451+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Core & Main Q3 net sales up 29% to $1.82B; raises FY2022 adjusted EBITDA guidance to $910-930M","bullets":["Net sales $1,818M (+29.4% YoY); net income $178M (+63.3%); adjusted EBITDA $275M (+45.5%).","Gross profit margin improved 110 bps to 27.5%; adjusted EBITDA margin improved 160 bps to 15.1%.","Raised FY2022 adjusted EBITDA outlook to $910-930M (51-54% YoY growth).","Closed four acquisitions in quarter (Inland Water Works, Trumbull, Distributors Inc., Lanier Municipal) and opened Fort Collins location.","Net debt leverage improved to 1.7x; total liquidity $1,151M."],"urls":{"canonical":"https://secwatch.observer/filing/0001856525-22-000052","json":"https://secwatch.observer/filing/0001856525-22-000052.json","markdown":"https://secwatch.observer/filing/0001856525-22-000052.md","text":"https://secwatch.observer/filing/0001856525-22-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1856525/000185652522000052/0001856525-22-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1856525/000185652522000052/cnm-20221213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T05:41:55.472451+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"64314da8e7323f68412f122f23849fc718077570","claim":"Core & Main, Inc. reported third fiscal quarter ended October 30, 2022 results: revenue $1,818 million, net income $178 million. Guidance raised.","evidence_excerpt":"Fiscal 2022 Third Quarter Highlights (Compared with Fiscal 2021 Third Quarter) • N et sales increased 29.4% to $1,818 million • Gross profit margin increased 110 basis points to 27.5% • Net income increased 63.3% to $178 million • Adjusted EBITDA (Non-GAAP) increased 45.5% to $275 million • Adjusted EBITDA margin (Non-GAAP) increased 160 basis points to 15.1% • Net cash provided by operating activities increased $121 million to $154 million • Net Debt Leverage (Non-GAAP) declined to 1.7x as of October 30, 2022 • Closed four acquisitions d uring and subsequent to the quarter: Inland Water Works Supply Co., the municipal waterworks division of Trumbull Industries and an affiliated entity (collectively \"Trumbull\"), Distributors, Inc. and Lanier Municipal Supply Co. • Opened a new location in Fort Collins, Colorado • Raising expectation for fiscal 2022 Adjusted EBITDA to be in the range of $910 to $930 million, representing year-over-year growth of 51% to 54%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1856525/000185652522000052/0001856525-22-000052-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third fiscal quarter ended October 30, 2022"},{"label":"Revenue","value":"$1,818 million"},{"label":"Net income","value":"$178 million"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}