secwatch.observer — SEC 8-K summary
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Issuer:     Core & Main, Inc. (CNM)
CIK:        0001856525
Form:       8-K
Filed at:   2025-12-09T23:59:59+00:00
Accession:  0001856525-25-000178
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Core & Main Q3 net sales up 1.2% to $2.06B; board authorizes $500M buyback increase
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- Q3 net sales $2,062M (+1.2% YoY); net income $143M (+2.1%); diluted EPS $0.72 (+4.3%).
- Adjusted EBITDA $274M (-1.1% YoY); adjusted diluted EPS $0.89 (+3.5%).
- Gross margin expanded to 27.2% from 26.6%; SG&A rose 7.7% to $295M.
- Completed Canada Waterworks acquisition; opened new locations in Houston and Denver.
- Board increased buyback authorization by $500M to $1B; $316M repurchased to date, $684M remains.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856525/000185652525000178/0001856525-25-000178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856525/000185652525000178/cnm-20251209.htm
  HTML page:      https://secwatch.observer/filing/0001856525-25-000178

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