Core & Main(US:CNM)2025-09-09 12:30Financial Performance - Net sales increased by 7% from $1964 million in Q2 2024 to $2093 million in Q2 2025[16] - Gross profit increased by 8% from $518 million in Q2 2024 to $560 million in Q2 2025, with gross margin expanding by 40 basis points to 268% of sales[16] - Net income increased by 12% from $126 million in Q2 2024 to $141 million in Q2 2025[16] - Adjusted EBITDA increased by 4% from $257 million in Q2 2024 to $266 million in Q2 2025, but Adjusted EBITDA margin decreased by 40 basis points to 127% of sales[16] - Adjusted diluted EPS increased by 13% from $077 in Q2 2024 to $087 in Q2 2025[16] Cash Flow and Capital Structure - The company generated $24 million in operating cash flow in Q2 2025[19] - Net debt stood at $2253 million as of August 3, 2025[21] - Free cash flow yield was 46% based on the last twelve months free cash flow divided by market capitalization as of August 3, 2025[22, 41] Fiscal 2025 Outlook - The company lowered its net sales outlook for fiscal year 2025 to $7600 - $7700 million, reflecting current market conditions and higher operating expenses[24] - The company expects fiscal year 2025 sales growth of 4% to 5%, excluding the effects of one less selling week versus fiscal year 2024[24] - The company expects operating cash flow to be between $550 and $610 million for fiscal year 2025[24]