---
schema_version: "secwatch.filing_event.v1"
accession: "0001856525-24-000110"
form_type: "8-K"
ticker: "CNM"
cik: "0001856525"
company_name: "Core & Main, Inc."
filed_at: "2024-09-04T23:59:59+00:00"
generated_at: "2026-05-31T06:29:41.833456+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Core & Main Q2 net income down 23%, EPS $0.61; sales up 5.5% to $1.96B

## Summary
- Net sales up 5.5% to $1,964M; net income down 23.2% to $126M; diluted EPS $0.61 (down 7.6%).
- Adjusted EBITDA decreased 4.8% to $257M; margin down 140 bps to 13.1%.
- Gross profit margin down 50 bps to 26.4%; SG&A up 12.6% to $268M driven by acquisitions.
- Acquired five businesses including HM Pipe Products (Canadian market entry); $500M share repurchase authorized.
- Meter initiative grew 48% YoY; project delays due to wet weather and lower end-market volumes.

## SEC filing metadata
- accession: 0001856525-24-000110
- form_type: 8-K
- ticker: CNM
- cik: 0001856525
- company_name: Core & Main, Inc.
- filed_at: 2024-09-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856525/000185652524000110/0001856525-24-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856525/000185652524000110/cnm-20240904.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856525-24-000110
- JSON: https://secwatch.observer/filing/0001856525-24-000110.json
- Plain text: https://secwatch.observer/filing/0001856525-24-000110.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.