earnings
confidence high
sentiment positive
materiality 0.65
Core & Main Q2 FY2026: Sales up 2.5% to $2.145B, adj EPS $0.94, reaffirms outlook
Core & Main, Inc.
- Net sales $2,145M (+2.5% YoY); gross profit $573M (+2.3%); net income $150M (+6.4%).
- Adjusted EBITDA $274M (+3.0%); adjusted diluted EPS $0.94 (+8.0%); diluted EPS $0.77 (+10%).
- Repurchased 3.7M shares for $169M in Q2; $11M more after quarter; YTD buybacks ~$270M.
- Reaffirmed full-year FY2026 outlook; opened 7 greenfield locations in FY2026.
- Fire protection and large capital projects (treatment plants, data centers) drove growth; municipal demand strong.