Quarterly ResultJun 10, 2026, 07:36 AM
Core & Main Reports Q1 Net Income Up 8% to $108M
AI Summary
Core & Main, Inc. filed its quarterly report on Form 10-Q for the period ending May 3, 2026. Net sales remained relatively flat at $1.91 billion, while net income attributable to the company increased to $108 million, or $0.57 per diluted share, up from $100 million, or $0.52 per diluted share, in the prior year period. The company's balance sheet showed total assets of $6.324 billion and total liabilities of $4.210 billion as of May 3, 2026. During the quarter, Core & Main repurchased $88 million of its Class A common stock.
Key Highlights
- Core & Main, Inc. reported net sales of $1.91 billion for the three months ended May 3, 2026, a slight decrease from $1.911 billion in the prior year period.
- Net income attributable to Core & Main, Inc. increased to $108 million ($0.57 per diluted share) from $100 million ($0.52 per diluted share) in the comparable prior year period.
- Total assets were $6.324 billion as of May 3, 2026, up from $6.085 billion as of February 1, 2026.
- Total liabilities increased to $4.210 billion as of May 3, 2026, from $4.011 billion as of February 1, 2026.
- The company repurchased 1,773,703 shares of Class A common stock for $88 million during the three months ended May 3, 2026.
- Cash and cash equivalents decreased to $150 million as of May 3, 2026, from $220 million as of February 1, 2026.
- Long-term debt stood at $2.120 billion as of May 3, 2026, compared to $2.124 billion as of February 1, 2026.
Price Impact
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