secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001856525-24-000071
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core & Main Q1 net income down 24% to $101M; sales up 10.6% to $1.74B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652524000071/0001856525-24-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652524000071/cnm-20240604.htm
  HTML page:      https://secwatch.observer/filing/0001856525-24-000071

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