Core & Main(US:CNM)2024-03-19 18:19Financial Performance - Net sales reached a record of over $6.7 billion[8] - Fiscal Year 2023 net sales increased by 1% to $6.702 billion from $6.651 billion in Fiscal Year 2022[13] - Adjusted EBITDA for Fiscal Year 2023 was $910 million[14] - Diluted earnings per share for Fiscal Year 2023 was $2.15, a 1% increase[38] - The company generated ~$1.1 billion in operating cash flow[79] Q4 2023 Results - Q4 2023 net sales increased by 5% to $1.440 billion from $1.374 billion in Q4 2022[66] - Q4 2023 Adjusted EBITDA was $160 million[35] Strategic Initiatives - The company closed 10 acquisitions during and after the year[8] - ~$1.3 billion of capital was deployed for share repurchases in Fiscal Year 2023[44, 63] Fiscal Year 2024 Outlook - The company anticipates net sales growth of +2% to +7%[87] - Adjusted EBITDA is projected to be between $925 million and $975 million[42] - Operating Cash Flow Conversion is expected to be 60% - 70%[43]