Core & Main Raises 2024 Outlook as Q3 Sales Rise 11.5% to $2,038 Million
Core & Main reported fiscal third-quarter 2024 net sales up 11.5% to $2,038 million and diluted earnings per share up 6.2% to $0.69, while net income fell 11.4% to $140 million. The company raised its full-year 2024 outlook, now expecting net sales of $7,350 million to $7,450 million and Adjusted EBITDA of $915 million to $935 million.
Key points
- Q3 net sales rose $211 million, or 11.5%, to $2,038 million, driven mainly by acquisitions and higher end-market volumes.
- Diluted EPS increased 6.2% to $0.69; net income decreased 11.4% to $140 million, mainly due to higher interest and income tax expense.
- Full-year 2024 outlook raised: net sales of $7,350 million to $7,450 million and Adjusted EBITDA of $915 million to $935 million.
- Net debt leverage was 2.7x as of October 27, 2024, compared with 1.5x a year earlier; the company deployed $100 million to repurchase 2.46 million shares.
The filing
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 December 03, 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.