secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2023-09-06T23:59:59+00:00
Accession:  0001856525-23-000041
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652523000041/0001856525-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652523000041/cnm-20230906.htm
  HTML page:      https://secwatch.observer/filing/0001856525-23-000041

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