CNM news

Core & Main reported fiscal 2026 second-quarter net sales and adjusted EBITDA growth, alongside record share repurchases. The company reaffirmed its full-year outlook amidst ongoing infrastructure demand.

Core & Main announced a $750 million offering of Senior Notes due 2034. The company plans to use net proceeds to repay senior term loans and fund general corporate purposes, including acquisitions and share repurchases.

Core & Main reported Q1 fiscal 2026 net income up 7.6% to $113M with diluted EPS increasing 9.6% to $0.57, while deploying $125M to repurchase 2.6M shares. The company maintained its full-year guidance despite a flat net sales environment, demonstrating margin expansion and strong cash generation ca…