Core & Main Posts In Line Q1 Earnings, But Margins…
From Financial Modeling Prep: 2025-06-10 16:02:00
Core & Main (NYSE:CNM) met Q1 earnings expectations but slipped over 2% due to tighter margins. Revenue exceeded forecasts, reaching $1.91 billion, up 10% YoY. Gross profit rose to $510 million, with a gross margin of 26.7%. The company maintained its fiscal 2025 net sales guidance of $7.6 billion to $7.8 billion. Investors are wary of margin pressures and conservative guidance.
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