---
schema_version: "secwatch.filing_event.v1"
accession: "0001856525-23-000041"
form_type: "8-K"
ticker: "CNM"
cik: "0001856525"
company_name: "Core & Main, Inc."
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:37:36.518012+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001856525-23-000041
- form_type: 8-K
- ticker: CNM
- cik: 0001856525
- company_name: Core & Main, Inc.
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000041/0001856525-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000041/cnm-20230906.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856525-23-000041
- JSON: https://secwatch.observer/filing/0001856525-23-000041.json
- Plain text: https://secwatch.observer/filing/0001856525-23-000041.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000041/0001856525-23-000041-index.htm

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