Infrastructure and industrial supplies distributor Core & Main reported modest year-over-year sales and profit gains during its 2025 fiscal third quarter that ended Nov. 2, 2025 amid a soft market.

St. Louis-based Core & Main — No. 1 on MDM’s 2025 Top Distributors List for Industrial PVF Supplies — posted 3Q sales of $2.062 billion, up 1.2% year-over-year. That followed 6.6% growth in 2Q and 9.8% in 1Q.

The company said that sales increased primarily due to contributions from acquisitions and sales initiatives.  Fusible high-density polyethylene, treatment plant solutions and geosynthetics products each achieved double-digit growth in the quarter, while metering products returned to high single-digit growth, reflecting strong demand for integrated solutions that address aging water infrastructure. 

The company’s 3Q gross profit increased 3.3% to $561 million, while gross margin of 27.2% ticked up 40 basis points from 2Q. Operating profit of $220 million decreased 1.35% year-over-year, while net profit of $143 million increased 2.1%.

Core & Main’s 3Q adjusted EBITDA decreased 1.2% year-over-year to $274 million.

“We delivered positive net sales growth despite soft residential demand and a tough comparison from last year, driven by contribution from acquisitions and strong performance across our sales initiatives,” Core & Main CEO Mark Witkowski said in the company’s 3Q financial report. “We also advanced our geographic expansion strategy by opening new locations in Houston, Texas and Denver, Colorado, each being priority markets with attractive growth profiles.”

Witkowski also explained that continued gross margin expansion was driven by its private label initiative and disciplined purchasing and pricing execution. In addition, the company has implemented $30 million of annualized cost savings while continuing to invest in growth opportunities.

“We’re encouraged by the growth opportunities we see on the horizon, particularly in large, complex projects across our core end markets, coupled with opportunities to drive above market growth through sales initiatives and geographic expansion,” added Witkowski.

Core & Main reaffirmed its outlook from September for full-year net sales of $7.6 billion to $7.7 billion; EBITDA of $920 million to $940 million; and operating cash flow to $550 million to $610 million.