Core & Main, Inc. (NYSE: CNM) shares moved lower in the first hour Tuesday. The company, a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, today announced financial results for the fourth quarter and fiscal year ended February 1, 2026. The fourth quarter and fiscal year ended February 1, 2026 represents 13- and 52-week periods, respectively, compared with 14- and 53-week periods for the fourth quarter and fiscal year ended February 2, 2025.
• Net sales decreased 6.9% to $1,581 million; Average daily net sales increased 0.9%
• Gross profit margin increased 50 bps to 27.1%
• Net income increased 9.0% to $73 million
• Diluted earnings per share increased 12.1% to $0.37
• Adjusted Diluted Earnings Per Share (Non-GAAP) increased 2.0% to $0.52
• Adjusted EBITDA (Non-GAAP) decreased 6.7% to $167 million; Adjusted EBITDA margin (Non-GAAP) increased 10 bps to 10.6%
• Net cash provided by operating activities of $268 million.
Fiscal 2025 Results (Compared with Fiscal 2024)
• Net sales increased 2.8% to $7,647 million, Average daily net sales increased 4.8%
• Gross profit margin increased 30 bps to 26.9%
• Net income increased 6.5% to $462 million
• Diluted earnings per share increased 8.5% to $2.31
• Adjusted Diluted Earnings Per Share (Non-GAAP) increased 6.8% to $2.97
• Adjusted EBITDA (Non-GAAP) increased 0.1% to $931 million; Adjusted EBITDA margin (Non-GAAP) decreased 30 bps to 12.2%
• Net cash provided by operating activities of $650 million
CNM shares dropped 65 cents, or 1.3%, to $47.76.
