Core & Main Q2 net sales flat at $1.86B; net income down 9.9%; narrows FY23 EBITDA guide to $850-$880M

Core & Main, Inc.

2023-Q2 EPS reported $1.15 revenue$3,435,000,000

Net income $164M (-9.9% YoY); diluted EPS $0.66 (-1.5%).
Adjusted EBITDA $270M (-2.5% YoY); margin 14.5% (-40 bps).
Executed $141M share repurchase, reducing diluted shares by 5M.
Closed acquisitions Foster Supply and Dangelo Co., adding 10 locations.
Narrowed FY23 Adj. EBITDA guidance to $850-$880M; net sales $6.6-$6.8B.

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 0.95

Core & Main, Inc. reported the second quarter ended July 30, 2023 results: revenue $1,861 million, net income $164 million.

Period: the second quarter ended July 30, 2023
Revenue: $1,861 million
Net income: $164 million
Result: reported results

Exact text from the filing

announced financial results for the second quarter ended July 30, 2023. Fiscal 2023 Second Quarter Highlights (Compared with Fiscal 2022 Second Quarter) • Net sales were flat at $1,861 million, but up 43% from the second quarter of fiscal 2021 • Gross profit margin sustained at 26.9% • Net incom e decreased 9.9% to $164 million • Adjusted EBITDA (Non-GA AP) decreased

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Source: SEC EDGAR

accession 0001856525-23-000041

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