Core & Main to Announce Q1 Earnings on June 10
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: seekingalpha
- Earnings Announcement Schedule: Core & Main is set to release its Q1 2023 earnings report on June 10 after market close, with a consensus EPS estimate of $0.57, reflecting a 9.6% year-over-year growth, indicating stable profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $1.89 billion, representing a 1.1% year-over-year decline, which reflects a cautious market sentiment regarding the company's sales growth and may impact investor confidence.
- Historical Performance Review: Over the past two years, Core & Main has beaten EPS estimates 50% of the time and revenue estimates 50% of the time, showcasing the volatility in its performance and the uncertainty in the market.
- Estimate Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates and three downward revisions, while revenue estimates saw one upward revision and eight downward revisions, indicating a conservative outlook from analysts regarding the company's future performance.
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Analyst Views on CNM
Wall Street analysts forecast CNM stock price to rise
9 Analyst Rating
6 Buy
2 Hold
1 Sell
Moderate Buy
Current: 49.440
Low
40.00
Averages
58.88
High
65.00
Current: 49.440
Low
40.00
Averages
58.88
High
65.00
About CNM
Core & Main, Inc. specializes in advancing reliable infrastructure with local service, nationwide. The Company, as a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. With more than 370 locations across the United States, the Company provides its customers with local expertise backed by a national supply chain. The Company also has operations in Canada. The Company's products include pipes, valves, fittings, storm drainage products, fire protection products, meter products and other products. The Company complements its core products through additional offerings, including fusible high-density polyethylene (fusible HDPE) piping solutions, specifically engineered treatment plant products, geosynthetics and erosion control products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Core & Main Reports Strong Q1 2026 Earnings with Stable Guidance
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- Market Demand Analysis: While municipal demand remains robust with approximately 95% of water infrastructure funding supported by state and local sources, the residential market faces challenges, with near-term activity expected to be influenced by interest rates and affordability, reflecting market uncertainty.
- Expansion Plans: The company opened five new greenfield locations during the quarter and plans to establish eight to ten in fiscal 2026, demonstrating a proactive strategy to capture market opportunities and expand geographic coverage.
- Shareholder Returns: Year-to-date, the company has deployed $125 million in share repurchases, approximately 80% of the total from fiscal 2025, highlighting its commitment to shareholder returns while continuously optimizing its capital structure.
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Core & Main Q1 Earnings Exceed Expectations
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- Stable Revenue: The company achieved revenue of $1.91 billion, flat year-over-year, beating market expectations by $20 million, indicating a stable sales performance in a competitive market environment.
- Full-Year Outlook Reaffirmed: Core & Main reaffirmed its fiscal 2026 outlook, projecting net sales between $7.8 billion and $7.9 billion, reflecting a growth of 2% to 3%, demonstrating management's confidence in future growth.
- Adjusted EBITDA Metrics: The company expects adjusted EBITDA to range from $950 million to $980 million, with an adjusted EBITDA margin of 12.2% to 12.4%, indicating ongoing efforts in cost control and profitability enhancement.
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Core Main (CNM) Q3 2025 Earnings Transcript
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- Improved Profitability: Adjusted EBITDA reached $226 million, a 1% increase year-over-year, while adjusted diluted EPS rose 6% to $0.72, reflecting the company's success in cost management and operational efficiency.
- Expansion Plans: The company opened five new greenfield locations in Q1 and plans to establish 8 to 10 additional sites in fiscal 2026, indicating strong growth potential and demand in the infrastructure sector.
- Acquisition Opportunities: Core & Main is actively pursuing acquisition opportunities to expand capabilities and geographic reach, maintaining a robust pipeline of potential deals despite facing geopolitical uncertainties and PVC pricing pressures.
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Core & Main Reports Q1 Profit Increase
- Profit Growth: Core & Main, Inc. reported a net profit of $108 million for Q1, translating to earnings per share of $0.57, which is an increase from last year's $100 million and $0.52 per share, indicating improved profitability and stability in the market.
- Adjusted Earnings: The company reported adjusted earnings of $0.72 per share, excluding items, reflecting positive progress in cost control and operational efficiency, thereby enhancing investor confidence in its financial health.
- Slight Revenue Decline: Despite a minor revenue decline of 0.1% to $1.910 billion compared to $1.911 billion last year, the overall revenue level remains robust, demonstrating stable market demand amidst competitive pressures.
- Full-Year Revenue Guidance: Core & Main provided a full-year revenue guidance of $7.800 billion to $7.900 billion, indicating a positive outlook for future performance, as the company aims to achieve growth through ongoing market expansion and product innovation.
See More
Core & Main Reports Strong Q1 2026 Earnings with Stable Guidance
- Strong Financial Performance: Core & Main reported Q1 fiscal 2026 net sales of $1.9 billion, adjusted EBITDA of $226 million, and adjusted EPS of $0.72, indicating a solid financial foundation amid strong municipal demand.
- Market Demand Analysis: While municipal demand remains robust with approximately 95% of water infrastructure funding supported by state and local sources, the residential market faces challenges, with near-term activity expected to be influenced by interest rates and affordability, reflecting market uncertainty.
- Expansion Plans: The company opened five new greenfield locations during the quarter and plans to establish eight to ten in fiscal 2026, demonstrating a proactive strategy to capture market opportunities and expand geographic coverage.
- Shareholder Returns: Year-to-date, the company has deployed $125 million in share repurchases, approximately 80% of the total from fiscal 2025, highlighting its commitment to shareholder returns while continuously optimizing its capital structure.
See More
Core & Main Q1 Earnings Exceed Expectations
- Earnings Beat: Core & Main reported a Q1 non-GAAP EPS of $0.72, exceeding expectations by $0.15, which reflects the company's strong profitability and boosts investor confidence.
- Stable Revenue: The company achieved revenue of $1.91 billion, flat year-over-year, beating market expectations by $20 million, indicating a stable sales performance in a competitive market environment.
- Full-Year Outlook Reaffirmed: Core & Main reaffirmed its fiscal 2026 outlook, projecting net sales between $7.8 billion and $7.9 billion, reflecting a growth of 2% to 3%, demonstrating management's confidence in future growth.
- Adjusted EBITDA Metrics: The company expects adjusted EBITDA to range from $950 million to $980 million, with an adjusted EBITDA margin of 12.2% to 12.4%, indicating ongoing efforts in cost control and profitability enhancement.
See More
Core Main (CNM) Q3 2025 Earnings Transcript
See More
Core and Main (CNM) Q1 2026 Earnings Transcript
See More
Core & Main Reports Strong Q1 Results with Growth in Key Metrics
- Stable Sales Performance: Core & Main reported net sales of $1.9 billion in Q1, consistent with the previous year, demonstrating the company's stability and resilience in the market despite challenges in the residential sector.
- Improved Profitability: Adjusted EBITDA reached $226 million, a 1% increase year-over-year, while adjusted diluted EPS rose 6% to $0.72, reflecting the company's success in cost management and operational efficiency.
- Expansion Plans: The company opened five new greenfield locations in Q1 and plans to establish 8 to 10 additional sites in fiscal 2026, indicating strong growth potential and demand in the infrastructure sector.
- Acquisition Opportunities: Core & Main is actively pursuing acquisition opportunities to expand capabilities and geographic reach, maintaining a robust pipeline of potential deals despite facing geopolitical uncertainties and PVC pricing pressures.
See More
Core & Main Reports Q1 Profit Increase
- Profit Growth: Core & Main, Inc. reported a net profit of $108 million for Q1, translating to earnings per share of $0.57, which is an increase from last year's $100 million and $0.52 per share, indicating improved profitability and stability in the market.
- Adjusted Earnings: The company reported adjusted earnings of $0.72 per share, excluding items, reflecting positive progress in cost control and operational efficiency, thereby enhancing investor confidence in its financial health.
- Slight Revenue Decline: Despite a minor revenue decline of 0.1% to $1.910 billion compared to $1.911 billion last year, the overall revenue level remains robust, demonstrating stable market demand amidst competitive pressures.
- Full-Year Revenue Guidance: Core & Main provided a full-year revenue guidance of $7.800 billion to $7.900 billion, indicating a positive outlook for future performance, as the company aims to achieve growth through ongoing market expansion and product innovation.
See More
