Core & Main, Inc. Class A (CNM)
NYSE:CNM
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Earnings Data
Report Date
Jun 09, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.53Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized durable strengths — consistent sales growth, strong cash generation (~70% EBITDA conversion), gross margin expansion (+30 bps) and successful above‑market initiatives (3 points of organic share gain, private label momentum) — alongside a cautious and realistic assessment of near-term headwinds: softer residential markets, PVC pricing declines, elevated SG&A pressures and macro/commodity uncertainty. Management presented concrete levers (private label, sourcing, technology, disciplined M&A and cost actions) to drive margin expansion and reiterated a confident FY26 financial guide (net sales $7.8–7.9B; adjusted EBITDA $950–980M), while acknowledging that some cost savings and growth benefits will phase in during FY26.Company Guidance
Consistent Top-Line Growth and Scale
16th consecutive year of sales growth with net sales of $7.65 billion in fiscal 2025 (≈3% year-over-year; ≈5% when adjusted for 1 fewer selling week). Addressable market estimated at $44 billion and ~20% U.S. market share, with expanding presence in Canada.
Strong Cash Generation and Capital Returns
Operating cash flow of $650 million in fiscal 2025, representing ~70% conversion of adjusted EBITDA; free cash flow yield of 5.8% (about 3x specialty distribution peers). Returned $155 million to shareholders via share repurchases in FY25 plus $39 million subsequent, and over 20% of IPO shares repurchased since 2021.
Profitability and EPS Improvement
Adjusted EBITDA of $931 million (slightly ahead of prior year) and adjusted diluted EPS of $2.97, up 7% year-over-year, driven by lower interest expense and share repurchases.
Gross Margin Expansion and Private Label Momentum
Gross margin expanded by 30 basis points to 26.9% year-over-year, driven by higher private label penetration. Private label rose ~100 basis points to ~5% of sales, with a stated path to at least 10% over time.
Above‑Market Organic Growth and Product Initiatives
Delivered 3 points of organic above-market growth in FY25. Key initiatives (meters, treatment plant, fusible HDPE, geosynthetics) averaged ~14% annual growth over the last 5 years for meters/treatment-related initiatives and ~25% for large treatment delivery initiatives, with meter products up 12% in the quarter and mid-single digits for the year.
Disciplined M&A and Footprint Expansion
Acquisitions contributed ~2 points of sales growth in FY25 (Canada Waterworks, Pioneer Supply); opened 10 branches during/after the year and 6 greenfields in FY25 with plans to open 7–10 greenfields in FY26. Since 2017: >40 acquisitions, ~150 branches added and ~$1.8 billion of annual sales acquired.
Confident FY26 Outlook
Guidance for fiscal 2026: net sales $7.8–7.9 billion and adjusted EBITDA $950–$980 million; expects to grow adjusted EBITDA margins via gross margin initiatives and realized cost actions, and operating cash flow conversion targeted at 60%–70% of adjusted EBITDA.
Balance Sheet and Leverage in Target Range
Ended FY25 with net debt of ~$1.95 billion and net leverage of 2.1x (within target range of 1.5–3.0x) and liquidity of $1.45 billion (including $220 million cash and the remainder under ABL).
CNM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CNM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 24, 2026 | $48.41 | $50.58 | +4.48% |
Dec 09, 2025 | $50.52 | $51.56 | +2.06% |
Sep 09, 2025 | $66.59 | $49.70 | -25.36% |
Mar 25, 2025 | $49.64 | $49.52 | -0.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Core & Main, Inc. Class A (CNM) report earnings?
Core & Main, Inc. Class A (CNM) is schdueled to report earning on Jun 09, 2026, Before Open (Confirmed).
What is Core & Main, Inc. Class A (CNM) earnings time?
Core & Main, Inc. Class A (CNM) earnings time is at Jun 09, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNM EPS forecast?
CNM EPS forecast for the fiscal quarter 2026 (Q1) is 0.53.