Core & Main posts $2.15 billion sales in second-quarter results

• Core & Main reported fiscal second quarter 2026 net sales of $2.15 billion, up 2.5% year over year.
• Net income increased 6.4% to $150 million, while adjusted EBITDA rose 3% to $274 million.
• The company reaffirmed its full-year fiscal 2026 outlook after opening seven new locations during the year.

Core & Main (NYSE:CNM) reported fiscal second quarter 2026 net sales of $2.15 billion, increasing 2.5% year over year as the infrastructure distributor reported higher earnings.

Gross profit increased 2.3% to $573 million, with gross margin reaching 26.7%, while the company reported adjusted EBITDA of $274 million.

Net income increased 6.4% to $150 million, diluted earnings per share rose 10% to $0.77, and adjusted diluted EPS increased 8% to $0.94.

During the quarter, Core & Main deployed $169 million to repurchase 3.7 million shares, bringing year-to-date open market repurchases to nearly $270 million and 5.7 million shares.

Core & Main distributes infrastructure products, including water, wastewater, storm drainage, and fire protection materials, through a nationwide network serving contractors and municipalities.