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Core & Main Inc (NYSE:CNM) reported upbeat earnings for the second quarter on Wednesday.
Core & Main is upgraded from ‘hold' to a soft ‘buy' after shares fell, making the stock attractively valued both absolutely and relative to peers. CNM maintained guidance for FY2026, projecting revenue of $7.8–$7.9B and EBITDA of $950–$980M, signaling management confidence despite recent earnings misses. Growth was driven by fire protection products and acquisitions, while smart utility and storm drainage segments faced short-term headwinds and tepid performance.
U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 200 points on Wednesday.
Core & Main NYSE: CNM reported higher fiscal 2026 second-quarter sales, adjusted EBITDA and adjusted earnings per share, supported by municipal infrastructure activity, treatment plant projects, fire protection demand and growing data center-related work.
Core & Main, Inc. (CNM) Q2 2027 Earnings Call Transcript
Core & Main (CNM) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.87 per share a year ago.
ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Fiscal 2026 Second Quarter Results.
Core & Main, Inc. (NYSE:CNM) will release its second quarter earnings report before the opening bell on Wednesday, Sept. 9.