---
schema_version: "secwatch.filing_event.v1"
accession: "0001856525-23-000031"
form_type: "8-K"
ticker: "CNM"
cik: "0001856525"
company_name: "Core & Main, Inc."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T06:51:35.916087+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Core & Main Q1 adj EBITDA +0.5% to $220M; raises FY23 guidance

## Summary
- Net sales $1,574M (-1.5% YoY); gross margin 27.9% (+160 bps) driven by price increases and acquisitions.
- Adjusted EBITDA $220M (+0.5% YoY); margin 14.0% (+30 bps) a Q1 record.
- Raised FY23 guidance: net sales $6.6-6.9B, adj EBITDA $820-880M; demand improving since late April.
- Executed $332M share repurchase (15M shares); closed 3 acquisitions, signed 4th post-quarter.

## SEC filing metadata
- accession: 0001856525-23-000031
- form_type: 8-K
- ticker: CNM
- cik: 0001856525
- company_name: Core & Main, Inc.
- filed_at: 2023-06-06T23:59:59+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/1856525/000185652523000031/0001856525-23-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000031/cnm-20230606.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856525-23-000031
- JSON: https://secwatch.observer/filing/0001856525-23-000031.json
- Plain text: https://secwatch.observer/filing/0001856525-23-000031.txt

## Key facts
- Earnings Releases
  Core & Main, Inc. reported the first quarter ended April 30, 2023 results: revenue $1,574 million, net income $133 million, EPS $0.50. Guidance raised.
  - Period: the first quarter ended April 30, 2023
  - Revenue: $1,574 million
  - Net income: $133 million
  - EPS: $0.50
  - Guidance: raised
  - Result: reported results
  source text: financial results for the first quarter ended April 30, 2023. Fiscal 2023 First Quarter Highlights (Compared with Fiscal 2022 First Quarter) • Net sales decreased 1.5% to $1,574 million but increased 49.2% compared with the first quarter of fiscal 2021 • Gross profit margin increased 160 basis points to 27.9% • Net income decreased 2.9% to $133 million •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000031/0001856525-23-000031-index.htm

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