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Core & Main (CNM)
NYSE:CNM
Earnings Data
Report Date
Jun 10, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.52Last Year’s EPS
0.49Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 25, 2025
|% Change Since: 5.82%
|Next Earnings Date:Jun 10, 2025
Earnings Call Sentiment|Positive
Core & Main experienced a strong fiscal 2024 with record sales and successful strategic initiatives, such as M&A activities and market share gains, despite some challenges in gross margin and interest expenses. The planned executive transition is positive for continuity, and the municipal market remains a solid foundation for growth.Company Guidance
During the Core & Main Q4 2024 earnings call, the company provided several key metrics and guidance for fiscal 2025. The company reported an 18% increase in net sales for the fourth quarter, reaching nearly $1.7 billion, and a record $7.4 billion in net sales for fiscal 2024, marking their 15th consecutive year of sales growth. Adjusted EBITDA for the fourth quarter was $179 million, with a margin of 10.5%, while full-year adjusted EBITDA was $930 million with a margin of 12.5%. For fiscal 2025, Core & Main expects net sales to range from $7.6 billion to $7.8 billion, reflecting growth of 2% to 5%, or 4% to 7% on an average daily sales basis. They anticipate adjusted EBITDA of $950 million to $1 billion, implying a growth of 2% to 8%, or 4% to 10% on an average daily sales basis, with margins ranging from 12.5% to 12.8%. The company also highlighted its plan to drive gross margin expansion through private label, sourcing optimization, and pricing initiatives, maintaining a balanced exposure across various markets, and continuing its acquisition strategy, having completed over 40 acquisitions since 2017.Record Net Sales and Growth
Core & Main achieved record net sales of over $7.4 billion in fiscal 2024, marking the 15th consecutive year of positive sales growth with an 18% increase in Q4 sales.
Strong Cash Flow and Share Repurchase
The company generated over $620 million in operating cash flow and repurchased 4 million shares, returning $176 million to shareholders.
Successful M&A Strategy
Core & Main completed over 40 acquisitions since 2017, adding over $600 million in annual sales in 2024 alone, with a healthy pipeline of potential deals for 2025.
Municipal Market Strength
Municipal spending on water infrastructure remains resilient, driven by necessary investments, with projected low single-digit growth for 2025.
Executive Transition and Leadership Continuity
CEO Steve LeClair announced a planned transition, with Mark Witkowski becoming CEO and Robyn Bradbury as CFO, ensuring leadership continuity.
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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
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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.
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FAQ
When does Core & Main (CNM) report earnings?
Core & Main (CNM) is schdueled to report earning on Jun 10, 2025, TBA Not Confirmed.
What is Core & Main (CNM) earnings time?
Core & Main (CNM) earnings time is at Jun 10, 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 (Q1) is 0.52.
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