earnings
confidence high
sentiment negative
materiality 0.70
Core & Main Q1 net income down 24% to $101M; sales up 10.6% to $1.74B
Core & Main, Inc.
2024-Q1 EPS reported
$0.49
revenue$1,741,000,000
- Net sales up 10.6% to $1,741M; gross margin down 100 bps to 26.9%.
- Net income fell 24.1% to $101M; diluted EPS down 2.0% to $0.49.
- Adjusted EBITDA down 1.4% to $217M; margin 12.5%.
- Closed five acquisitions (Eastern Supply, Dana Kepner, ACF West, EGW Utilities, Geothermal Supply).
- Net debt leverage 2.7x; operating cash flow $78M.