Core & Main, Inc (CNM) Tops Q2 EPS by 17c, Revenue Beats, Offers Guidance

Core & Main, Inc (NYSE: CNM) reported Q2 EPS of $0.67, $0.17 better than the analyst estimate of $0.50. Revenue for the quarter came in at $1.86 billion versus the consensus estimate of $1.67 billion.

Fiscal 2022 Outlook:

"We expect continued growth in the second half of the year despite the strong growth we achieved in the same period last year," LeClair continued. "We remain confident in the long-term stability of our business and end markets, as roughly 50% of our net sales is driven by non-discretionary repair & replacement activity. Executing our operating priorities and capitalizing on our industry-leading position will allow us to sustain solid growth for the full-year. We are raising our expectation for fiscal 2022 Adjusted EBITDA to be in the range of $840 to $890 million, representing year-over-year growth of 39% to 47%. This reflects our growing confidence in the stability of demand despite the current economic backdrop."

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

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