Core & Main, Inc. updated its the first quarter ended May 3, 2026 guidance (reaffirmed).
“On June 10, 2026, Core & Main, Inc. ("Core & Main" or the "Company") issued a press release announcing its results of operations for the fiscal first quarter ended May 3, 2026.”
Earnings Releases
Core & Main, Inc. reported fourth quarter and fiscal year ended February 1, 2026 results: revenue $1,581 million, net income $73 million, EPS $0.37.
“quarter and fiscal year ended February 2, 2025 ("fiscal 2024"). Fiscal 2025 Fourth Quarter Results (Compared with Fiscal 2024 Fourth Quarter) • Net sales decreased 6.9% to $1,581 million; Average daily net sales increased 0.9% • Gross profit margin increased 50 bps to 27.1% • Net income increased 9.0% to $73 million • Diluted earnings per share increased 12.1% to”
Robyn Bradbury changed role as Chief Financial Officer at Core & Main, Inc..
“Robyn Bradbury, age 42, the current Senior Vice President of Finance and Investor Relations, will become the Chief Financial Officer of the Company”
Mark R. Witkowski was appointed as Director at Core & Main, Inc..
“the Board approved an increase in the size of the Board from nine directors to ten directors and appointed Mr. Witkowski to fill the newly-created vacancy as a Class I director.”
Mark R. Witkowski changed role as Chief Executive Officer at Core & Main, Inc..
“Mark R. Witkowski, age 50, the current Chief Financial Officer, will become the Chief Executive Officer of the Company”
Stephen O. LeClair changed role as Executive Chair at Core & Main, Inc..
“Stephen O. LeClair, age 56, the current Chief Executive Officer, will retire from the position of Chief Executive Officer and all positions held with subsidiaries of the Company. Mr. LeClair will become the Executive Chair of the Company”
Michael G. Huebert was appointed as President at Core & Main, Inc..
“the Board of Directors (the “Board”) of Core & Main, Inc. (“Core & Main” or the “Company”) appointed Michael G. Huebert, age 51, as President of the Company, overseeing certain initiatives aligned with Core & Main’s growth strategy.”
James D. Hope was appointed as Class I Director at Core & Main, Inc..
“James D. Hope was appointed to the Board as a Class I director to fill the vacancy on the Board created by the increase in Board size.”
Earnings Releases
Core & Main, Inc. reported Fiscal year ended January 28, 2024 results: revenue $6,702 million, net income $531 million, EPS $2.15.
“• Net sales increased 0.8% to a record of $6,702 million • Gross profit margin increased 10 basis points to 27.1% • Net income of $531 million • Diluted earnings per share increased 0.9% to $2.15”
Debt Financings
Core & Main, Inc. incurred term loan of $750 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the several banks and other financial institutions from time to time party thereto at SOFR (subject to a floor of 0.00%) plus an applicable margin of 2.25% per annum, maturing February 9, 2031.
“agent and collateral agent, and the several banks and other financial institutions from time to time party thereto, in order to, among other things, ( i ) enter into a new $750 million incremental seven-year term loan facility (the “ New Term Loan Facility ”) and ( ii ) amend the Term Loan Credit Agreement to the extent necessary or appropriate to reflect the”
Material Agreements
Core & Main, Inc. entered into Amendment No. 5 to ABL Credit Agreement with Citibank, N.A. and other financial institutions valued at maturity extension to February 9, 2029 (effective 2024-02-09).
“On February 9, 2024, Core & Main entered into Amendment No. 5 (“ Amendment No. 5 ”) to its existing ABL Credit Agreement, dated as of August 1, 2017, as amended by Amendment No. 1 to the ABL Credit Agreement, dated as of July 8, 2019, Amendment No. 2 to the ABL Credit Agreement, dated as of May 4, 2020, Amendment No. 3 to the ABL Credit Agreement, dated as of July 27, 2021, and Amendment No. 4, dated as of July 29, 2022 (as amended, the “ ABL Credit Agreement ”), by and among Core & Main, the subsidiary borrowers from time to time party thereto, Citibank, N.A., as administrative agent and collateral agent, and the several banks and other financial institutions from time to time party thereto, in order to, among other things, ( i ) extend the maturity of the asset-based revolving credit facility (the “ ABL Facility ”) from July 27, 2026 to February 9, 2029, and ( ii ) amend the ABL Credit Agreement to the extent necessary or appropriate to reflect the extension of the amended maturity o”
Material Agreements
Core & Main, Inc. entered into Third Amendment to Term Loan Credit Agreement with JPMorgan Chase Bank, N.A. and other financial institutions valued at $750 million incremental seven-year term loan facility (effective 2024-02-09).
“On February 9, 2024, Core & Main LP, a wholly owned subsidiary of Core & Main, Inc. (“ Core & Main ”), entered into a Third Amendment (the “ Third Amendment ”) to its existing Term Loan Credit Agreement, dated as of August 1, 2017, as amended by the Lender Joinder Agreement, dated as of July 8, 2019, the First Amendment to Term Loan Credit Agreement, dated as of July 27, 2021, and the Second Amendment to Term Loan Credit Agreement, dated as of February 26, 2023 (as amended, the “ Term Loan Credit Agreement ”), by and among Core & Main, the subsidiary borrowers from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the several banks and other financial institutions from time to time party thereto, in order to, among other things, ( i ) enter into a new $750 million incremental seven-year term loan facility (the “ New Term Loan Facility ”) and ( ii ) amend the Term Loan Credit Agreement to the extent necessary or appropriate to refle”
James G. Castellano was appointed as Lead Independent Director at Core & Main, Inc..
“In addition, the Board, upon the recommendation of the Nominating and Governance Committee of the Board, appointed James G. Castellano to the newly created position of Lead Independent Director of the Board.”
Stephen O. LeClair was appointed as Chair of the Board at Core & Main, Inc..
“On February 7, 2024, the Board, upon the recommendation of the Nominating and Governance Committee of the Board, appointed Stephen O. LeClair to replace James G. Berges as Chair of the Board.”
Jonathan L. Zrebiec resigned as Director at Core & Main, Inc..
“Further, on February 7, 2024, Ian A. Rorick, Nathan K. Sleeper and Jonathan L. Zrebiec each informed the Company of their decision to resign from their positions as members of the Board, effective immediately.”
Nathan K. Sleeper resigned as Director at Core & Main, Inc..
“Further, on February 7, 2024, Ian A. Rorick, Nathan K. Sleeper and Jonathan L. Zrebiec each informed the Company of their decision to resign from their positions as members of the Board, effective immediately.”
Ian A. Rorick resigned as Director at Core & Main, Inc..
“Further, on February 7, 2024, Ian A. Rorick, Nathan K. Sleeper and Jonathan L. Zrebiec each informed the Company of their decision to resign from their positions as members of the Board, effective immediately.”
James G. Berges resigned as Chair of the Board at Core & Main, Inc..
“On February 7, 2024, James G. Berges informed Core & Main, Inc. (the “Company”) of his decision to resign from his position as Chair of the board of directors (the “Board”) of the Company, various committees of the Board and as a member of the Board, effective immediately.”
Earnings Releases
Core & Main, Inc. reported the fiscal third quarter ended October 29, 2023 results: revenue $1,827 million, net income $158 million, EPS $0.65. Guidance raised.
“financial results for the third quarter ended October 29, 2023. Fiscal 2023 Third Quarter Results (Compared with Fiscal 2022 Third Quarter) • Net sales increased 0.5% to $1,827 million • Gross profit margin decreased 5 0 basis points to 27.0% • Net incom e decreased 11.2% to $158 million • Adjusted EBITDA (Non-GA AP) decreased 5.5% to $260 million • Adjusted”
Earnings Releases
Core & Main, Inc. reported the three months ended October 29, 2023 results: revenue $ 1,822 $ 1,832, net income $ 153 $ 163.
“or otherwise. Three Months Ended October 29, 2023 (low end of the range) October 29, 2023 (high end of the range) October 30, 2022 Dollars in millions, unaudited Net sales $ 1,822 $ 1,832 $ 1,818 Net income $ 153 $ 163 $ 178 Adjusted EBITDA (1) $ 257 $ 263 $ 275 (1) Adjusted EBITDA is a non-GAAP financial measure. See below for reconciliations of these”
Earnings Releases
Core & Main, Inc. reported the second quarter ended July 30, 2023 results: revenue $1,861 million, net income $164 million.
“announced financial results for the second quarter ended July 30, 2023. Fiscal 2023 Second Quarter Highlights (Compared with Fiscal 2022 Second Quarter) • Net sales were flat at $1,861 million, but up 43% from the second quarter of fiscal 2021 • Gross profit margin sustained at 26.9% • Net incom e decreased 9.9% to $164 million • Adjusted EBITDA (Non-GA AP) decreased”
Shareholder Votes
Core & Main, Inc. shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2023-06-28 meeting.
“Proposal No. 3 - Advisory Vote to Approved Named Executive Officer Compensation The stockholders approved, on an advisory, non-binding basis, the compensation paid to the Company’s named executive officers. Votes For Votes Against Votes Abstained Broker Non-Votes 213,673,858 9,213,456 76,402 1,199,366”
Shareholder Votes
Core & Main, Inc. shareholders approved Ratification of the Appointment of the Independent Registered Public Accounting Firm at the 2023-06-28 meeting.
“Proposal No. 2 - Ratification of the Appointment of the Independent Registered Public Accounting Firm The appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 28, 2024 was ratified. Votes For Votes Against Votes Abstained 220,695,091 3,393,666 74,325”
Shareholder Votes
Core & Main, Inc. shareholders approved Election of Class II directors at the 2023-06-28 meeting.
“Proposal No. 1 - Director Election The following four individuals were elected to the Company’s Board of Directors to serve as Class II directors until the Company’s 2026 annual meeting of stockholders and until their successors have been duly elected and qualified, subject to earlier resignation or removal. Name Votes For Votes Withheld Broker Non-Votes Bhavani Amirthalingam 222,004,340 959,376 1,199,366 Orvin T. Kimbrough 176,830,423 46,133,293 1,199,366 Margaret M. Newman 219,575,672 3,388,044 1,199,366 Ian A. Rorick 219,118,871 3,844,845 1,199,366”
Earnings Releases
Core & Main, Inc. reported the first quarter ended April 30, 2023 results: revenue $1,574 million, net income $133 million, EPS $0.50. Guidance raised.
“financial results for the first quarter ended April 30, 2023. Fiscal 2023 First Quarter Highlights (Compared with Fiscal 2022 First Quarter) • Net sales decreased 1.5% to $1,574 million but increased 49.2% compared with the first quarter of fiscal 2021 • Gross profit margin increased 160 basis points to 27.9% • Net income decreased 2.9% to $133 million •”
Earnings Releases
Core & Main, Inc. reported the fiscal year ended January 29, 2023 results: revenue $6,651 million, net income $581 million.
“Net sales for fiscal 2022 increased $1,647 million, or 32.9%, to $6,651 million compared with $5,004 million for fiscal 2021.”
Earnings Releases
Core & Main, Inc. reported the three months ended January 29, 2023 results: revenue $1,374 million, net income $84 million.
“Net sales for the three months ended January 29, 2023 increased $128 million, or 10.3%, to $1,374 million compared with $1,246 million for the three months ended January 30, 2022.”
Earnings Releases
Core & Main, Inc. reported third fiscal quarter ended October 30, 2022 results: revenue $1,818 million, net income $178 million. Guidance raised.
“Fiscal 2022 Third Quarter Highlights (Compared with Fiscal 2021 Third Quarter) • N et sales increased 29.4% to $1,818 million • Gross profit margin increased 110 basis points to 27.5% • Net income increased 63.3% to $178 million • Adjusted EBITDA (Non-GAAP) increased 45.5% to $275 million • Adjusted EBITDA margin (Non-GAAP) increased 160 basis points to 15.1% • Net cash provided by operating activities increased $121 million to $154 million • Net Debt Leverage (Non-GAAP) declined to 1.7x as of October 30, 2022 • Closed four acquisitions d uring and subsequent to the quarter: Inland Water Works Supply Co., the municipal waterworks division of Trumbull Industries and an affiliated entity (collectively "Trumbull"), Distributors, Inc. and Lanier Municipal Supply Co. • Opened a new location in Fort Collins, Colorado • Raising expectation for fiscal 2022 Adjusted EBITDA to be in the range of $910 to $930 million, representing year-over-year growth of 51% to 54%”
Bhavani Amirthalingam was elected as Director at Core & Main, Inc..
“Bhavani Amirthalingam was elected to the Board as a Class II director in accordance with the Company’s amended and restated certificate of incorporation, effective as of April 20, 2022”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.