---
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"
generated_at: "2026-06-21T05:41:55.472451+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Core & Main Q3 net sales up 29% to $1.82B; raises FY2022 adjusted EBITDA guidance to $910-930M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856525-22-000052
- JSON: https://secwatch.observer/filing/0001856525-22-000052.json
- Plain text: https://secwatch.observer/filing/0001856525-22-000052.txt

## Key facts
- Earnings Releases
  Core & Main, Inc. reported third fiscal quarter ended October 30, 2022 results: revenue $1,818 million, net income $178 million. Guidance raised.
  - Period: third fiscal quarter ended October 30, 2022
  - Revenue: $1,818 million
  - Net income: $178 million
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1856525/000185652522000052/0001856525-22-000052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.