NYSE$CNM
Core & Main Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Achieved strong growth in net sales and Adjusted EBITDA.
Core & Main reported a strong start to fiscal year 2022, with a 52% increase in net sales to $1,598 million and a 101% increase in Adjusted EBITDA to $219 million compared to the first quarter of fiscal year 2021. Net income increased to $137 million from $27 million.
- Net sales increased 52% to $1,598 million.
- Gross profit margin increased 200 basis points to 26.3%.
- Net income increased to $137 million from $27 million.
- Adjusted EBITDA increased 101% to $219 million.
Headline financials
Revenue & EPS history
Core & Main · Revenue · Quarterly
$1.6B
Forward guidance
The company is raising its expectation for fiscal 2022 Adjusted EBITDA to be in the range of $710 to $750 million.
Tailwinds
- Confidence in the stability of pricing.
- Confidence in demand despite the current macroeconomic backdrop.
- Confident in the long-term growth prospects of our business.
- Undersupply of housing.
- Ongoing demand for non-discretionary municipal repair and replacement activity.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2022
-0.2%
Avg return
Earnings day
-1.3%
Avg return
5 days after
+1.3%
Avg return
30 days after
68%
13 / 19 earnings
Positive
+14.4%
Q3 2024
Best reaction
-25.4%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +0.9% | -7.6% | — | |
| Q4 2025 | +2.5% | +6.0% | — | |
| Q3 2025 | +2.1% | +11.0% | +9.1% | |
| Q2 2025 | -25.4% | -26.9% | -23.4% | |
| Q1 2025 | +1.0% | +4.9% | +11.5% | |
| Q4 2024 | -0.2% | -2.3% | +5.6% | |
| Q3 2024 | +14.4% | +11.5% | +6.3% | |
| Q2 2024 | -18.8% | -18.1% | -8.1% | |
| Q1 2024 | -11.6% | -15.3% | -12.8% | |
| Q4 2023 | +9.5% | +14.8% | +7.7% | |
| Q3 2023 | +3.1% | +5.4% | +8.3% | |
| Q2 2023 | -5.7% | -4.3% | -3.9% | |
| Q1 2023 | +5.8% | +2.9% | +11.8% | |
| Q4 2022 | +5.5% | +8.3% | +22.2% | |
| Q3 2022 | -3.5% | -3.4% | +4.2% | |
| Q2 2022 | +1.0% | -5.0% | -6.7% | |
| Q1 2022 | +3.7% | -4.3% | -2.0% | |
| Q3 2021 | +7.5% | +1.1% | -2.8% | |
| Q2 2021 | +3.7% | -3.7% | -5.1% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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