secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001856525-24-000035
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core & Main Q4 sales $1.44B (+4.8%), diluted EPS $0.34; FY24 rev guidance $7.4-7.6B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652524000035/0001856525-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652524000035/cnm-20240319.htm
  HTML page:      https://secwatch.observer/filing/0001856525-24-000035

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