secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001856525-22-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652522000052/0001856525-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652522000052/cnm-20221213.htm
  HTML page:      https://secwatch.observer/filing/0001856525-22-000052

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