Core & Main, Inc (CNM) Misses Q3 EPS by 1c; Narrows Outlook

Core & Main, Inc (NYSE: CNM) reported Q3 EPS of $0.66, $0.01 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $1.86 billion versus the consensus estimate of $1.86 billion.

GUIDANCE:

Core & Main, Inc sees FY2023 revenue of $6.6-6.8 billion, versus the consensus of $6.76 billion. Narrowing expectation for Adjusted EBITDA to be in the range of $850 to $880 million due to our strong gross margin performance in the second quarter.

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

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