Core & Main, Inc (CNM) Tops Q1 EPS by 16c

Core & Main, Inc (NYSE: CNM) reported Q1 EPS of $0.50, $0.16 better than the analyst estimate of $0.34. Revenue for the quarter came in at $1.6 billion versus the consensus estimate of $1.4 billion.

Fiscal 2022 Outlook:

"We are raising our expectation for fiscal 2022 Adjusted EBITDA to be in the range of $710 to $750 million, which reflects our confidence in the stability of pricing and demand despite the current macroeconomic backdrop. We are confident in the long-term growth prospects of our business, including the undersupply of housing and ongoing demand for non-discretionary municipal repair and replacement activity," LeClair continued. "As we enter our summer selling season, we remain focused on our operating priorities and delivering a best-in-class customer experience."

For earnings history and earnings-related data on Core & Main, Inc (CNM) click here.

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