Update: Core & Main Fiscal Q3 Adjusted Earnings, Sales Rise; Shares Up

MT Newswires Live12-09 23:09

(Updates with details on share buyback plan in the sixth paragraph and recent share price movement in the last paragraph.)

Core & Main (CNM) reported fiscal Q3 adjusted earnings Tuesday of $0.89 per diluted share, up from $0.86 a year earlier.

Analysts polled by FactSet expected $0.73.

Net sales for the quarter ended Nov. 2 were $2.06 billion, compared with $2.04 billion a year earlier.

Analysts surveyed by FactSet expected $2.06 billion.

The company said it continues to expect fiscal 2025 net sales of $7.60 billion to $7.70 billion. Analysts polled by FactSet expect $7.65 billion.

Separately, the company said its board approved a $500 million raise to its existing share buyback plan, bringing the total to $1 billion.

Core & Main shares were up nearly 4% in recent Tuesday trading.

Price: 52.50, Change: +1.98, Percent Change: +3.92

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment