CNM
Core & Main Inc (CNM) Q1 2026 Earnings Call Highlights: Resilient Performance Amid Market ...
Article Summary
HOLD- Core & Main Inc. (NYSE: CNM) reported strong Q1 2026 results with net sales of $1.9 billion, adjusted EBITDA of $226 million, and adjusted diluted EPS of $0.72, reflecting disciplined execution and business resilience.
- Core & Main is experiencing strong municipal demand driven by aging water infrastructure and essential repair and replacement work supported by state and local funding, with fire protection sales benefiting from increased activity and higher steel prices.
- CNM is expanding its geographic footprint with the opening of five new greenfield locations and plans to open a record eight to ten locations in fiscal 2026, with the company actively pursuing acquisition opportunities to expand capabilities, extend geographic reach, and add strong local talent and customer relationships.
- Full-year guidance calls for $7.8 billion in sales and $950 million to $980 million in adjusted EbitDA, with mixed non-residential and commercial construction conditions.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 2.8% | 25% | 20.0 ptsMinimal (2.8%) - Very weak |
| EPS Growth Next 5Y ? | 16.1% | 25% | 50.0 ptsMeets Minimum (16.1%) - Passes screener |
| Target Price Upside ? | 25.9% | 20% | 75.0 ptsSignificant Upside (25.9%) - Target: $62.23 vs Current: $49.44 |
| Gross Margin % ? | 24.5% | 15% | 40.0 ptsModerate (24.5%) - Adequate margins |
| Drawdown from 52-Wk High ? | -26.4% | 15% | 80.0 ptsSolid Dip (-26.4%) - Good entry zone |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About CNM
- Core & Main, Inc. engages in the distribution of water, wastewater, storm drainage, and fire protection products and related services in the United States.
- The company's products portfolio include pipes, valves, hydrants, fittings, and other products and services used for service, repair and replacement of underground water infrastructure; storm drainage products, such as corrugated HDPE and metal piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, valves, fittings, sprinkler heads and other accessories, as well as fabrication and kitting services; smart meter products; and smart metering solutions which include meter accessories, meter installation, network infrastructure and software installation, training, and long-term services, as well as engineered treatment plant products.
- Its specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure.
- The company serves municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets.
- Core & Main, Inc. was founded in 1874 and is headquartered in Saint Louis, Missouri.