Earnings ·
Reports preliminary Q3 net sales of $2.12B-$2.13B, updates full-year EBITDA outlook to $950M-$960M
CNMCore & Main, Inc.
Core & Main announced preliminary third-quarter fiscal 2026 results showing net income between $128 million and $140 million, with Adjusted EBITDA of $267 million to $275 million. The company maintained its full-year net sales guidance of $7.8 billion to $7.9 billion but lowered its fiscal 2026 Adjusted EBITDA outlook to $950 million-$960 million from the previous range of $950 million-$980 million, citing higher transportation costs and investments in greenfield locations. Additionally, Core & Main completed three acquisitions generating over $250 million in combined annual revenue and repurchased a record $171 million of shares during the quarter. The company operates as a specialty distributor providing water, wastewater, storm drainage, and fire protection products to municipalities and contractors across North America.