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AI brief of an SEC Form 8-K · Core & Main (CNM)

Core & Main Q1 sales rise 10.6% to $1.74 billion; profit falls, outlook raised

Mixed Impact 4 of 5 earnings Written later

Core & Main reported fiscal first-quarter 2024 net sales up 10.6% to $1,741 million, driven mainly by acquisitions, while net income fell 24.1% to $101 million and diluted EPS fell 2.0% to $0.49. The company narrowed and raised its fiscal 2024 forecast for net sales and Adjusted EBITDA, but higher interest and SG&A costs and debt that rose to 2.7x Adjusted EBITDA leave the profit trend weaker than sales growth.

Key points

  • Net sales rose 10.6% to $1,741 million; net income fell 24.1% to $101 million
  • Diluted EPS fell 2.0% to $0.49 from $0.50; Adjusted EBITDA fell 1.4% to $217 million
  • Fiscal 2024 outlook now calls for net sales of $7.5 to $7.6 billion and Adjusted EBITDA of $935 to $975 million
  • Net Debt Leverage was 2.7x as of April 28, 2024, up 1.0x from a year earlier; five acquisitions closed during and after the quarter

The filing

CompanyCore & Main (CNM)
Form8-K, current report
Filed with the SECJun 4, 2024, 7:27 AM ET
Accession number0001856525-24-000071

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 04, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.