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

Core & Main Q1 net sales rise 9.8% to $1.91 billion; diluted EPS up 6.1% to $0.52

Positive Impact 3 of 5 earnings Written later

Core & Main reported fiscal first-quarter 2025 results for the period ended May 4, 2025, with net sales up 9.8% to $1.91 billion, net income up 4.0% to $105 million and diluted EPS up 6.1% to $0.52. Gross margin slipped to 26.7% from 26.9%, and the company reaffirmed its full-year outlook for net sales, Adjusted EBITDA and operating cash flow. For shareholders, the headline measures improved, and per-share earnings also benefited from lower share counts following share repurchases, including $39 million of buybacks in the quarter.

Key points

  • Net sales rose 9.8% to $1.91 billion, driven mainly by higher volumes and acquisitions; fire protection products declined.
  • Gross profit rose 9.0% to $510 million, but gross margin fell to 26.7% from 26.9% a year earlier.
  • Net income rose 4.0% to $105 million; diluted EPS rose 6.1% to $0.52; Adjusted EBITDA rose 3.2% to $224 million.
  • Fiscal 2025 outlook reaffirmed: net sales of $7.6 billion to $7.8 billion and Adjusted EBITDA of $950 million to $1.0 billion.

The filing

CompanyCore & Main (CNM)
Form8-K, current report
Filed with the SECJun 10, 2025, 7:30 AM ET
Accession number0001856525-25-000115

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 10, 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.