secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001856525-23-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652523000031/0001856525-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652523000031/cnm-20230606.htm
  HTML page:      https://secwatch.observer/filing/0001856525-23-000031

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