secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001856525-24-000117
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core & Main posts record Q3 sales $2,038M (+11.5%), Adj EBITDA $277M (+6.5%)
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- Net sales $2,038M (+11.5% YoY); gross profit margin 26.6% (down from 27.0%) on prior-year inventory benefits.
- Diluted EPS $0.69 (+6.2% YoY); net income $140M (-11.4%) due to higher interest and tax expense.
- Adjusted EBITDA $277M (+6.5%); margin 13.6%; strong organic volume growth and M&A contributions.
- Completed five bolt-on acquisitions: HM Pipe Products, GroGreen Solutions, Green Equipment Co., Eastcom Associates, ARGCO Northeast.
- Repurchased 2.46M shares for $100M during the quarter, reflecting confidence in outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652524000117/0001856525-24-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652524000117/cnm-20241203.htm
  HTML page:      https://secwatch.observer/filing/0001856525-24-000117

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