EL7.AI
StocksMedium•10 November 2026•
2 min read

Core & Main Reaffirms Annual Targets at $7.8 Billion to $7.9 Billion

Key Facts

1Core & Main reaffirmed a net sales target of $7.8 billion to $7.9 billion for fiscal 2026.
2Second-quarter sales were $2.145 billion, up 2.5% year over year.
3Second-quarter adjusted EBITDA rose 3% to $274 million, with a margin of 12.8%.
4Open-market share repurchases since the start of the fiscal year totaled about $270 million and 5.7 million shares through September 9.

Core & Main reaffirmed its fiscal 2026 outlook on September 9, setting a net sales range of $7.8 billion to $7.9 billion, with expected sales growth of 2% to 3%. The annual guidance provides a framework for assessing the company's results over the remainder of the fiscal year. In the second quarter, the company recorded net sales of $2.145 billion, up 2.5% from the year-earlier period. Adjusted EBITDA rose 3% to $274 million, while its margin was 12.8%. Net income was $150 million, and diluted earnings per share increased 10% to $0.77.

For the six months ended August 2, 2026, sales were $4.055 billion, compared with $4.004 billion for the six months ended August 3, 2025, an annual increase of 1.3%. The company attributed the increase primarily to acquisitions. Over the same period, net cash generated from operating activities rose to $144 million, compared with $111 million in the year-earlier period. These figures show growth in sales and cash flow in the first half, alongside sales growth in the second quarter. The annual sales guidance reaffirmed by the company remains at $7.8 billion to $7.9 billion.

Chief Executive Mark Witkowski said municipal demand remained a source of strength for the company during the second quarter. He added that fire protection and large capital projects, including treatment plants and data centers, recorded strong growth. On capital returns, the company repurchased 3.7 million shares for $169 million during the second quarter. After the quarter ended, it spent $11 million to repurchase an additional 0.3 million shares. Total open-market share repurchases since the start of the fiscal year reached about $270 million, equivalent to 5.7 million shares, through the September 9 announcement.

In the stock market, Core & Main shares, listed under the ticker CNM, closed at $47.9 on November 9, 2026. That price is from the November 9 session, while the company had reaffirmed its annual outlook on September 9. Second-quarter and first-half results provide context for that outlook, with the company reporting growth in sales, earnings per share and operating cash flow for the periods it disclosed. The annual sales target remains within the range the company confirmed in September.

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