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Core & Main (CNM)
NYSE:CNM
Earnings Data
Report Date
Sep 09, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.77Last Year’s EPS
0.61Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 04, 2025
|% Change Since: 12.81%
|Next Earnings Date:Sep 09, 2025
Earnings Call Sentiment|Positive
The call highlighted record-breaking sales and EBITDA, strong market share gains, and effective pricing strategies. However, challenges such as residential market softening and tariff uncertainty were acknowledged. Despite these challenges, the overall outlook remains positive with continued growth strategies and strong liquidity.Company Guidance
During the Core & Main Q1 2025 earnings call, the company reported record-high net sales of $1.9 billion and an adjusted EBITDA of $224 million, attributing these achievements to strong municipal construction activity and funding from the Infrastructure Investment and Jobs Act. The company highlighted mid-single-digit organic sales growth, driven by a 10% increase in meters and significant growth in treatment plant and fusible high-density polyethylene offerings. Core & Main also discussed a $58 million capital deployment in Q1, including share repurchases and debt service, and reaffirmed its full-year guidance of $7.6 to $7.8 billion in net sales and an adjusted EBITDA of $950 million to $1 billion. The company noted an effective tax rate of 25.5%, driven by increased allocation of net income to Core & Main, Inc., and ended the quarter with $2.3 billion in net debt and a net leverage of 2.4x. Looking forward, Core & Main plans to continue its growth strategy through greenfields and acquisitions, aiming for long-term market share gains amidst a dynamic macroeconomic environment.Record-Breaking First Quarter Sales and EBITDA
Core & Main achieved first-quarter net sales of $1.9 billion and adjusted EBITDA of $224 million, both all-time highs for the first quarter.
Organic Sales Growth and Market Share Gains
The company delivered mid-single-digit organic sales growth, driven by product, customer, and geographic expansion initiatives, along with 10% growth in meters and double-digit growth in treatment plant and fusible high-density polyethylene offerings.
Strong Municipal Construction Activity
The company observed steady growth in municipal construction activity, supported by the Infrastructure Investment and Jobs Act, with expanding pipelines for water and wastewater treatment plants and storm water management.
Positive Nonresidential Market Trends
Core & Main experienced strong sales volumes in data center construction and positive trends in institutional buildings, multifamily housing, and road and bridge projects.
Effective Pricing and Margin Management
Sequential improvement in gross margins was achieved through disciplined pricing and strong execution in private label and sourcing efforts.
Robust Acquisition and Greenfield Expansion Strategy
The company completed over 40 acquisitions since 2017, adding significant annual net sales, and plans to open 5-10 new greenfields in 2025.
Strong Liquidity and Shareholder Returns
Core & Main ended the quarter with $1.1 billion in liquidity and repurchased 837,000 shares, deploying $39 million in share repurchases.
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 25, 2025 | $49.64 | $49.52 | -0.24% |
Dec 03, 2024 | $48.29 | $55.78 | +15.51% |
Sep 04, 2024 | $46.80 | $39.40 | -15.81% |
Jun 04, 2024 | $56.09 | $47.98 | -14.46% |
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 (CNM) report earnings?
Core & Main (CNM) is schdueled to report earning on Sep 09, 2025, TBA Not Confirmed.
What is Core & Main (CNM) earnings time?
Core & Main (CNM) earnings time is at Sep 09, 2025, TBA Not 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 2025 (Q2) is 0.77.