Core & Main Earnings Reports

Core & Main posted slight revenue and net income increases for Q3 FY25, supported by acquisitions and product segment growth, despite pressures from higher SG&A expenses and softer residential demand.

Core & Main reported $2093000000 in revenue and $141000000 in net income for Q2 FY25. EPS reached $0.70, with adjusted EPS at $0.87. Gross profit margin expanded to 26.4% as SG&A increased to support growth and strategic investments.

Core & Main announced a record first quarter for fiscal year 2025, with net sales increasing by 9.8% to $1,911 million and net income rising by 4.0% to $105 million. The company's performance was driven by higher volumes and acquisitions, particularly in pipes, valves & fittings, storm drainage, and meter products.

Core & Main reported Q4 2024 net sales of $1.698 billion, a 17.9% increase year-over-year. Gross profit rose to $451 million with a margin of 26.6%. Operating income reached $124 million, up 6.9%. However, net income fell 11.8% to $67 million, impacted by higher interest and tax expenses. Diluted EPS came in at $0.33.

Core & Main reported a strong start to fiscal year 2022, with a 52% increase in net sales to $1,598 million and a 101% increase in Adjusted EBITDA to $219 million compared to the first quarter of fiscal year 2021. Net income increased to $137 million from $27 million.

Core & Main announced exceptional results for the fourth quarter of fiscal year 2021, with a 50% increase in net sales and a significant rise in net income. The company attributes its success to strong demand across end markets, higher average selling prices, and effective sales initiatives.

Core & Main reported a strong Q3 2021 with net sales increasing by 38.7% to $1,404.8 million and net income increasing by 406.0% to $109.3 million. The company benefited from strong demand across end markets and proactive management of inflation.

Core & Main reported strong second-quarter results, with net sales increasing by 35.7% to $1,297.6 million. The company benefited from strong end market demand, driven by municipal water infrastructure spending and robust housing demand.