Sep 9, 7:29 AM ET
Core & Main reported fiscal second-quarter net sales of $2,145 million, up 2.5%, and net income of $150 million, up 6.4%, for the quarter ended August 2, 2026. The company reaffirmed its full-year fiscal 2026 outlook and said it repurchased $169 million of shares in the quarter, with a further $11 million after quarter end.
- Diluted EPS rose 10.0% to $0.77; Adjusted Diluted EPS rose 8.0% to $0.94
- Adjusted EBITDA rose 3.0% to $274 million; gross profit margin was 26.7% versus 26.8% a year earlier
- Full-year fiscal 2026 outlook reaffirmed: net sales of $7,800 to $7,900 million and Adjusted EBITDA of $950 to $980 million
- Year-to-date open market share repurchases reached nearly $270 million and 5.7 million shares
Read the filing on SEC.gov ↗
Jul 2, 5:24 PM ET
Core & Main, Inc.'s subsidiary Core & Main LP issued $750 million of 6.000% senior notes due July 1, 2034, and used a sixth amendment to its term loan agreement to replace the remainder of its 2028 senior term loan with a new $800 million term loan maturing July 1, 2033. The filing describes refinancing and debt terms but does not report earnings or guidance, so it gives shareholders no direct measure of operating performance.
- $750 million of 6.000% senior notes due July 1, 2034, issued July 1, 2026, with semiannual interest payments beginning January 1, 2027
- Proceeds to prepay a portion of the 2028 Senior Term Loan and for general corporate purposes, including share repurchases
- New $800 million 2033 Senior Term Loan maturing July 1, 2033, priced at Term SOFR plus 1.75%
Read the filing on SEC.gov ↗
Jun 10, 7:26 AM ET
Core & Main reported fiscal 2026 first quarter results for the period ended May 3, 2026. Net sales were essentially flat at $1,910 million, while net income rose 7.6% to $113 million and diluted EPS rose 9.6% to $0.57. The company reaffirmed its full-year fiscal 2026 outlook, which is positive for shareholders because profit grew and guidance held, although sales were flat.
- Net sales of $1,910 million vs. $1,911 million a year earlier, as lower volume was offset by acquisitions
- Net income rose 7.6% to $113 million; diluted EPS rose 9.6% to $0.57; Adjusted Diluted EPS rose 5.9% to $0.72
- Repurchased 1.8 million shares for $88 million in the quarter, plus $37 million for 0.8 million shares after quarter end
- Fiscal 2026 outlook reaffirmed: net sales of $7,800 to $7,900 million and Adjusted EBITDA of $950 to $980 million
Read the filing on SEC.gov ↗
Mar 27, 4:17 PM ET
Core & Main appointed M. Susan Hardwick, former CEO of American Water Works, as a director effective April 1, 2026, and placed her on the Talent and Compensation Committee. The company also said Executive Chair Stephen LeClair retired from that role, as a Class II director and as board chair, with James Castellano becoming board chair. The filing describes these as part of long-term succession planning and does not report any financial results.
- M. Susan Hardwick appointed director effective April 1, 2026; term expires at the 2027 annual meeting
- Stephen LeClair retired as Executive Chair, Class II director and Chair of the Board effective April 1, 2026
- James Castellano became Chair of the Board; James Hope became Audit Committee Chair and Robert Buck joined the committee
- Standard annual Board pay is $225,000, including $130,000 in restricted stock units and $95,000 in cash
Read the filing on SEC.gov ↗
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