earnings
confidence high
sentiment positive
materiality 0.70
Core & Main Q4 net sales down 6.9% to $1.58B; EPS $0.37 (+12.1%); full-year sales up 2.8%
Core & Main, Inc.
2023-FY EPS reported
$2.31
revenue$7,647,000,000
- Net sales $1,581M down 6.9% in Q4 (one less week); avg daily net sales up 0.9%.
- Q4 diluted EPS $0.37 (+12.1% YoY); adjusted diluted EPS $0.52 (+2.0%).
- Full-year net sales $7,647M (+2.8%); diluted EPS $2.31 (+8.5%); adjusted EBITDA $931M (+0.1%).
- Share repurchases: $155M bought 3.2M shares in FY25; $39M bought 0.8M shares after year end.
- Gross margin improved 50 bps Q4, 30 bps full year; private-label growth and pricing execution.