earnings
confidence high
sentiment neutral
materiality 0.75
Core & Main Q4 sales $1.44B (+4.8%), diluted EPS $0.34; FY24 rev guidance $7.4-7.6B
Core & Main, Inc.
2023-FY EPS reported
$2.15
revenue$6,702,000,000
- Q4 net sales +4.8% to $1,440M; diluted EPS $0.34 (+9.7%); Adjusted EBITDA $160M (-2.4%).
- FY2023 net sales record $6,702M (+0.8%); Adjusted EBITDA $910M (-2.7%); operating cash flow record $1,069M.
- Deployed $1.3B on share repurchases (45M shares at ~$30 avg); closed 10 acquisitions for $780M.
- FY2024 guidance: net sales $7.4-7.6B, Adjusted EBITDA $925-975M, margin 12.5-12.8%.
- Entered $750M term loan and $750M interest rate swap to hedge variable rates.