Core & Main, Inc. Q4 2026 Earnings Recap

Core & Main achieved its 16th consecutive year of sales growth in fiscal 2025, reporting net sales of $7.65 billion and adjusted EBITDA of $931 million, underscoring strong execution despite mixed market conditions.

Key Takeaways

• Achieved adjusted diluted EPS of $2.97, reflecting disciplined execution in a challenging environment.
• Generated operating cash flow of $650 million, demonstrating robust liquidity and operational efficiency.
• Continued resilience in municipal markets with low to mid-single-digit volume growth, offsetting softness in nonresidential and residential segments.
• Positioned to capture additional market share in a $44 billion addressable market, with a current U.S. market share of approximately 20%.
• Long-term growth drivers include AI-related infrastructure needs and treatment plant modernization, supported by Core & Main's competitive advantages and local expertise.