Core & Main Q4 sales up 17.9%, net income down 11.8%; CEO to change March 31
Core & Main reported fiscal 2024 fourth-quarter net sales up 17.9% to $1,698 million, but net income fell 11.8% to $67 million and diluted EPS fell 2.9% to $0.33. For the full year, net sales rose 11.0% to $7,441 million while net income fell 18.3% to $434 million, and the company gave fiscal 2025 guidance for net sales of $7,600 to $7,800 million and Adjusted EBITDA of $950 to $1,000 million, with a CEO transition effective March 31, 2025.
Key points
- Q4 net sales rose 17.9% to $1,698 million, while Q4 net income fell 11.8% to $67 million, driven by higher interest and income tax expense.
- Full-year net sales rose 11.0% to $7,441 million; full-year diluted EPS fell 0.9% to $2.13 and Adjusted EBITDA rose 2.2% to $930 million.
- Fiscal 2025 guidance: net sales of $7,600 to $7,800 million and Adjusted EBITDA of $950 to $1,000 million.
- Mark Witkowski will succeed Steve LeClair as CEO and Robyn Bradbury will succeed Witkowski as CFO, both effective March 31, 2025.
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 March 25, 2025.
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.