Core & Main Q4 Earnings Call Highlights

Fourth-quarter gross margin was 27.1% , up 50 basis points year over year, attributed to higher private label penetration and disciplined purchasing and pricing execution. SG&A decreased 5% to $264 million, primarily due to lower variable costs from the shorter quarter and benefits from cost actions. Adjusted EBITDA in the quarter was $167 million , down 7%, while adjusted EBITDA margin improved 10 basis points to 10.6% .Chief Financial Officer Robyn Bradbury said fourth-quarter net sales decreased 7% to $1 ...