Core & Main, Inc. (NYSE:CNM) Q3 2024 Earnings Call Transcript

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Core & Main, Inc. (NYSE:CNM) Q3 2024 Earnings Call Transcript

//business-finance.news-articles.net/content/202 .. c-nyse-cnm-q3-2024-earnings-call-transcript.html

Published in Business and Finance on Wednesday, December 4th 2024 at 23:00 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Q3 2024 Earnings Call Transcript December 3, 2024 Operator: Hello, and welcome to the Core & Main Q3 2024 Earnings Call. My name is Alex. I'll be ordinating the call today. [Operator Instructions] I'll now hand over to your host,

- Click to Lock Slider

The article provides a transcript of Core & Main Inc.'s (NYSE: CNM) Q3 2024 earnings call. During the call, Core & Main reported a 10.6% increase in net sales to $1.74 billion, driven by volume growth and price increases. Gross profit rose by 12.7% to $513 million, with the gross margin improving to 29.5%. Adjusted EBITDA was up by 13.6% to $257 million, and net income increased by 16.7% to $134 million. The company highlighted strong performance in both residential and non-residential end markets, with particular strength in municipal water, wastewater, and storm drainage sectors. They also discussed strategic acquisitions, operational efficiencies, and their outlook for the remainder of the fiscal year, expressing confidence in their ability to continue delivering value to shareholders through growth and margin expansion.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/core-main-inc-nyse-cnm-q3-2024-earnings-call-transcript/ar-AA1vgd4n ]

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Core & Main, Inc. (NYSE:CNM) Q3 2024 Earnings Call Transcript