Core & Main Q2 sales +6.6% to $2.09B; cuts FY25 guidance on higher costs, soft residential demand

Core & Main, Inc.

2025-Q2 EPS reported $1.22 revenue$4,004,000,000

Net sales up 6.6% to $2,093M; net income up 11.9% to $141M; diluted EPS $0.70 (vs $0.61).
Adjusted EBITDA up 3.5% to $266M; adjusted diluted EPS up 13% to $0.87.
FY25 guidance lowered: net sales $7,600-7,700M, Adjusted EBITDA $920-940M, op cash flow $550-610M.
After quarter, opened two new locations in Kansas City and Columbus, and acquired Canada Waterworks.
CEO cites higher SG&A, softer residential demand; gross margin expanded to 26.8% from 26.4%.

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