Quarterly ResultJun 10, 2026, 07:31 AM
Core & Main Q1 Net Sales Flat at $1.91B; Net Income Up 7.6%
AI Summary
Core & Main, Inc. announced its fiscal 2026 first quarter results, reporting flat net sales of $1,910 million compared to the prior year. The company saw a 7.6% increase in net income to $113 million, with diluted EPS at $0.57. Adjusted EBITDA grew 0.9% to $226 million, and gross profit increased 2.0% to $520 million, with a 50 bps expansion in gross margin to 27.2%. Core & Main also repurchased 1.8 million shares for $88 million and opened five new locations, reaffirming its full-year fiscal 2026 financial outlook.
Key Highlights
- Net sales of $1,910 million for Q1 FY26, flat year-over-year.
- Net income increased 7.6% to $113 million, with diluted EPS at $0.57.
- Adjusted EBITDA rose 0.9% to $226 million; Adjusted EBITDA margin was 11.8%.
- Gross profit increased 2.0% to $520 million, with gross profit margin up 50 bps to 27.2%.
- Company deployed $88 million to repurchase 1.8 million shares in Q1 FY26.
- Opened five new greenfield locations in Q1 FY26, reaffirming full-year outlook.
- Reaffirmed full-year fiscal 2026 outlook for net sales ($7.8B-$7.9B) and Adjusted EBITDA ($950M-$980M).
Price Impact
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