Core & Main Q3 net sales flat, net income down 11%; raises FY EBITDA guide to $890-910M

Core & Main, Inc.

2023-Q3 EPS reported $1.80 revenue$5,262,000,000

Net sales $1,827M (+0.5%), net income $158M (-11.2%), diluted EPS $0.65 (flat YoY).
Adjusted EBITDA $260M (-5.5%), margin 14.2%; operating cash flow $373M (+142% YoY).
FY2023 Adjusted EBITDA guidance raised to $890-910M; net sales narrowed to $6.65-6.75B.
Deployed ~$300M to repurchase 10M shares; net debt leverage 1.5x.
Announced three acquisitions post-Q: Enviroscape, Granite Water Works, Lee Supply.

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 fiscal third quarter ended October 29, 2023 results: revenue $1,827 million, net income $158 million, EPS $0.65. Guidance raised.

Period: the fiscal third quarter ended October 29, 2023
Revenue: $1,827 million
Net income: $158 million
EPS: $0.65
Guidance: raised
Result: reported results

Exact text from the filing

financial results for the third quarter ended October 29, 2023. Fiscal 2023 Third Quarter Results (Compared with Fiscal 2022 Third Quarter) • Net sales increased 0.5% to $1,827 million • Gross profit margin decreased 5 0 basis points to 27.0% • Net incom e decreased 11.2% to $158 million • Adjusted EBITDA (Non-GA AP) decreased 5.5% to $260 million • Adjusted

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Source: SEC EDGAR

accession 0001856525-23-000048

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