secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001856525-23-000048
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652523000048/0001856525-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652523000048/cnm-20231205.htm
  HTML page:      https://secwatch.observer/filing/0001856525-23-000048

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