Core & Main Inc exceeds Q3 earnings expectations with 89 cents per share, although sales slightly miss estimates at $2.062B. CEO confident in future forecast of $7.6-7.7B for FY2025.
Core & Main Inc (NYSE: CNM) exceeded expectations in their third-quarter earnings report. The company reported earnings of 89 cents per share, surpassing the analyst consensus of 76 cents per share. Despite this positive result, quarterly sales were slightly lower than expected at $2.062 billion, missing the analyst estimate of $2.066 billion. Core & Main remains optimistic about their performance, maintaining their FY2025 sales guidance within the range of $7.6 billion to $7.7 billion. CEO Mark Witkowski highlighted the company's ability to achieve net sales growth amidst challenges in the residential sector, leveraging acquisitions and strong sales initiatives for their success. For more details, visit Benzinga.com.
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