---
schema_version: "secwatch.filing_event.v1"
accession: "0001856525-25-000172"
form_type: "8-K"
ticker: "CNM"
cik: "0001856525"
company_name: "Core & Main, Inc."
filed_at: "2025-09-09T23:59:59+00:00"
generated_at: "2026-05-17T07:21:52.924046+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001856525-25-000172
- form_type: 8-K
- ticker: CNM
- cik: 0001856525
- company_name: Core & Main, Inc.
- filed_at: 2025-09-09T23:59:59+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/1856525/000185652525000172/0001856525-25-000172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856525/000185652525000172/cnm-20250909.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856525-25-000172
- JSON: https://secwatch.observer/filing/0001856525-25-000172.json
- Plain text: https://secwatch.observer/filing/0001856525-25-000172.txt

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