NYSE$CNM
Core & Main Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Achieved record net sales with nearly 36% growth and outperformed end markets, delivering core market share gains.
Core & Main reported strong second-quarter results, with net sales increasing by 35.7% to $1,297.6 million. The company benefited from strong end market demand, driven by municipal water infrastructure spending and robust housing demand.
- Net sales increased 35.7% to $1,297.6 million.
- Gross profit margin increased 100 basis points to 25.1%.
- Net income decreased 47.5% to $9.5 million.
- Adjusted EBITDA increased 56.8% to $155.2 million.
Headline financials
Revenue & EPS history
Core & Main · Revenue · Quarterly
$1.3B
Forward guidance
The company expects demand and pricing trends to continue into the second half of the fiscal year, with full-year fiscal 2021 Adjusted EBITDA expected to be in the range of $470 million to $510 million.
Tailwinds
- Demand and pricing trends are expected to continue.
- Each end market appears poised for continued growth based on bidding activity and order flow.
- Execution of growth initiatives is expected to continue driving core market share gains.
- Adjusted EBITDA is expected to be in the range of $470 million to $510 million.
- Represents a year-over-year Adjusted EBITDA increase of 37% to 49%.
Headwinds
- Tempered against tougher prior year comps.
- Anticipated supply chain constraints.
- Potential declines in U.S. residential and non-residential construction markets.
- Slowdowns in municipal infrastructure spending and delays in appropriations of federal funds.
- Price fluctuations in product costs.
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 Q2 2021
-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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