Prelim Core & Main 3Q Results Shows Flat Sales, Profit Dip - Modern Distribution Management

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Prelim Core & Main 3Q Results Shows Flat Sales, Profit Dip

The company estimated that net sales for the quarter were between $1.822 billion and $1.832 billion.
Core & Main

On Nov. 6, St. Louis-based waterworks and industrial supplies distributor Core & Main reported its fiscal 2023 third-quarter earnings.

The company estimated that net sales for the quarter were between $1.822 billion (0.22% growth over the same period last year) and $1.832 billion (0.77% growth).

Net income for 3Q was between $153 million and $163 million; both would be decreases from the $178 million reported for 3Q 2022.

EBITDA was estimated at $257 million on the low end and $263 million on the high end, both of which would be decreases compared to $275 million reported during the same quarter a year ago.

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