secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001856525-23-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652523000010/0001856525-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652523000010/cnm-20230328.htm
  HTML page:      https://secwatch.observer/filing/0001856525-23-000010

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