---
schema_version: "secwatch.filing_event.v1"
accession: "0001856525-23-000010"
form_type: "8-K"
ticker: "CNM"
cik: "0001856525"
company_name: "Core & Main, Inc."
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T13:41:44.059852+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001856525-23-000010
- form_type: 8-K
- ticker: CNM
- cik: 0001856525
- company_name: Core & Main, Inc.
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000010/0001856525-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000010/cnm-20230328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856525-23-000010
- JSON: https://secwatch.observer/filing/0001856525-23-000010.json
- Plain text: https://secwatch.observer/filing/0001856525-23-000010.txt

## Key facts
- Earnings Releases
  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
  source text: Net sales for fiscal 2022 increased $1,647 million, or 32.9%, to $6,651 million compared with $5,004 million for fiscal 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000010/0001856525-23-000010-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000010/0001856525-23-000010-index.htm

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