Core & Main Reports Q2 Adjusted EPS Beat, Revenue Up 2.5%
Core & Main (NYSE:CNM) reported second-quarter adjusted earnings per share of $0.94, exceeding analyst estimates of $0.92. The company's revenue rose by 2.5% year-over-year to $2.14 billion, in line with expectations. Net income increased by 6.4% to $150 million from the prior year period, while adjusted EBITDA grew 3% to $274 million. The company cited strong performance across fire protection and smart utility products as key contributors to revenue growth. Core & Main also opened seven new greenfield locations during fiscal 2026 and spent $169 million repurchasing shares in the quarter. CEO Mark Witkowski highlighted continued momentum, particularly from municipal demand and large capital projects. The company maintained its full-year guidance for net sales between $7.8 billion and $7.9 billion and reaffirmed an adjusted EBITDA forecast of $950 million to $980 million.
Tickers: $CNM
Topics: adjusted earnings per share earnings EBITDA net income revenue growth