Core & Main Inc Class A
CNM: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >pF | LOCK|Jy%B | LOCK|WMJ&sDz |
Core and Main Earnings: Strong Cash Generation Supports Our View That The Stock Is Discounted
Core and Main's second-quarter results were in line with expectations. Sales of $2.15 billion grew 2.5% year on year, while adjusted EBITDA margin grew 10 basis points to 12.8%. Higher EBITDA and buybacks drove EPS growth, while it maintained guidance and highlighted the M&A pipeline positively.
