secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001856525-25-000172
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652525000172/0001856525-25-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652525000172/cnm-20250909.htm
  HTML page:      https://secwatch.observer/filing/0001856525-25-000172

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