Core & Main (NYSE:CNM) Q4 2026 Earnings call March 24, 2026 08:30 AM ET Company ParticipantsBrad Cowles - PresidentGlenn Floyd - Director of Investor RelationsJoe Ritchie - Managing DirectorMark Witkowski - CEOMike Dahl - Managing Director, Equity ResearchNigel Coe - Managing DirectorRobyn Bradbury - CFOConference Call ParticipantsDavid Manthey - Senior Research AnalystMatt Johnson - Equity Research AnalystOperatorHello, and welcome to the Core & Main Q4 and full year 2025 earnings call. My name is Alex. I' ...

Core & Main (NYSE:CNM) Q4 2026 Earnings call March 24, 2026 08:30 AM ET Company ParticipantsBrad Cowles - PresidentGlenn Floyd - Director of Investor RelationsJoe Ritchie - Managing DirectorMark Witkowski - CEOMatthew Bouley - Managing DirectorMike Dahl - Managing Director, Equity ResearchNigel Coe - Managing DirectorRobyn Bradbury - CFOConference Call ParticipantsDavid Manthey - Senior Research AnalystMatt Johnson - Equity Research AnalystOperatorHello, and welcome to the Core & Main Q4 and full year 2025 ...

Core & Main (NYSE:CNM) Q4 2026 Earnings call March 24, 2026 08:30 AM ET Speaker8Hello, and welcome to the Core & Main Q4 and full year 2025 earnings call. My name is Alex. I'll be coordinating today's call. If you'd like to ask a question at the end of the presentation, you may press star followed by one on your telephone keypad. I'll now hand it over to Glenn Floyd, Director of Investor Relations, to begin. Please go ahead.Speaker2Good morning, and thank you for joining us. I'm Glenn Floyd, Director of Inv ...

Financial Performance - Net sales increased by 9% from $1741 million in Q1 2024 to $1911 million in Q1 2025[17] - Gross profit increased by 10% from $468 million in Q1 2024 to $510 million in Q1 2025, with gross profit margin decreasing by 20 bps from 269% to 267%[17] - Net income increased by 3% from $101 million in Q1 2024 to $105 million in Q1 2025, with net income margin decreasing by 30 bps from 58% to 55%[17] - Adjusted EBITDA increased by 4% from $217 million in Q1 2024 to $224 million in Q1 2025, with Adjusted EBITDA margin decreasing by 80 bps from 125% to 117%[17] Capital Allocation and Debt - The company deployed $39 million of capital to repurchase 837k shares[13] - Net debt stood at $2276 million as of May 4, 2025[20] Fiscal Year 2025 Outlook - The company reaffirmed its FY25 outlook, expecting net sales between $76 billion and $78 billion[22] - The company expects Adjusted EBITDA between $950 million and $1 billion, and Adjusted EBITDA margin between 125% and 128%[22] Business Strategy and Growth - The company has completed over 40 acquisitions since 2017, adding approximately $18 billion of annual net sales[14] - The company is targeting organic above-market volume growth of +2-4%[28]