CORE+MAIN INC.CL.A DL-,01

Core & Main reported Q2 FY26 revenue of $2.145 billion, up 2.5% year‑over‑year, adjusted EBITDA of $274 million (12.8% margin) and adjusted diluted EPS of $0.94, while operating cash flow was $62 million. Management said growth was largely acquisition‑driven, with pricing and volume helping in select segments, and the company repurchased $169 million of shares in the quarter plus $11 million after close. Guidance was reiterated for FY26 net sales of $7.8–7.9 billion and adjusted EBITDA of $950–980 million. Analysts note weaker organic momentum through H1, softness in storm drainage volumes, and rising distribution costs as potential headwinds. » Mere på finance.yahoo.com

Shares of Core & Main fell to a 52-week low of $41.87 and are down about 35.17% over the past year. The company announced pricing for $750 million of senior notes with a 6% coupon (maturing 2034) and plans to use proceeds to prepay part of an existing 2028 loan. Moody’s raised the rating on the senior secured loans from Ba3 to Ba2 with a positive outlook; William Blair initiated coverage with “Market Perform,” and two analysts recently increased their earnings estimates. Core & Main remained profitable over the past twelve months. » Mere på de.investing.com

Core & Main’s shares fell to a 52-week low of $42.49 and are down about 33.4% year-to-date. The company announced pricing for a senior note of $750 million with a 6% coupon (maturing 2034) and intends to use proceeds to partly prepay existing debt and for general corporate purposes, including potential M&A. Moody’s upgraded the rating on the senior secured loan to Ba2 and assigned a Ba2 rating with a positive outlook to a planned Term B loan of $800 million. Analysts at William Blair initiated coverage with a “market perform” rating; several directors were re-elected through 2029 at the annual meeting. » Mere på de.investing.com