Core & Main reports record FY2022 revenue $6.65B, net income +158%; guides FY2023 EBITDA below FY2022

Core & Main, Inc.

2022-FY EPS reported $2.13 revenue$6,651,000,000

Net sales $6,651M (+32.9% YoY); net income $581M (+158.2%); Adjusted EBITDA $935M (+54.8%).
Q4 net sales $1,374M (+10.3%); net income $84M (+6.3%); Adjusted EBITDA $164M (+8.6%).
FY2023 guidance: net sales $6,455-6,875M, Adjusted EBITDA $785-865M, margin 12.2-12.6%.
Operating cash flow improved to $401M from -$31M; net debt leverage 1.4x.
Acquired 8 companies with ~$175M historical annualized sales; opened 3 new locations.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Core & Main, Inc. reported the fiscal year ended January 29, 2023 results: revenue $6,651 million, net income $581 million.

Period: the fiscal year ended January 29, 2023
Revenue: $6,651 million
Net income: $581 million
Result: reported results

Exact text from the filing

Net sales for fiscal 2022 increased $1,647 million, or 32.9%, to $6,651 million compared with $5,004 million for fiscal 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Core & Main, Inc. reported the three months ended January 29, 2023 results: revenue $1,374 million, net income $84 million.

Period: the three months ended January 29, 2023
Revenue: $1,374 million
Net income: $84 million
Result: reported results

Exact text from the filing

Net sales for the three months ended January 29, 2023 increased $128 million, or 10.3%, to $1,374 million compared with $1,246 million for the three months ended January 30, 2022.

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Core & Main, Inc. filing history →

Source: SEC EDGAR

accession 0001856525-23-000010

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