Core and Main Q3 Results: Stable Growth & Resilience
Update: 2025-12-16
Description
Core and Main, a waterworks and fire protection products distributor, reported Q3 revenue of $2.06 billion, slightly exceeding expectations, and adjusted earnings per share of $0.72. Their success is attributed to strong municipal construction projects, careful pricing strategies, and expanding gross margins. Despite slow residential demand, the company maintained positive growth through strategic acquisitions and strong execution in non-residential and municipal sectors. Core and Main reaffirmed its full-year revenue guidance of $7.65 billion and EBITDA guidance of $930 million, indicating a steady outlook. The company will focus on infrastructure spending, private label product adoption, and cost savings from technology investments for future performance.
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