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Aug 04
Core & Main Q2 2025 Earnings Report
Core & Main delivered strong Q2 results with higher earnings and improved margins driven by pricing discipline and end-market demand.
Key Takeaways
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.
Revenue reached $2.093B with strong municipal demand
Net income was $141M, up from $132M in Q2 FY24
Gross profit margin improved to 26.4%
Adjusted EBITDA reached $295M with margin expansion
Core & Main
Core & Main
Core & Main Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
Core & Main anticipates steady demand from municipal infrastructure and continued pricing discipline to support earnings growth through the second half of FY25.
Positive Outlook
- Healthy municipal demand expected to continue
- Margin improvement driven by pricing initiatives
- Strong adjusted EBITDA performance
- Strategic acquisitions remain on track
- Share repurchases and reduced net debt
Challenges Ahead
- Higher SG&A expenses due to investments
- Slight decline in PVF and meters segment
- Pressure from rising input costs
- Interest expense remains elevated
- Potential volatility in housing-related sectors