Core & Main, Inc. filings document the public-company disclosures of a specialty infrastructure distributor whose Class A common stock trades on the New York Stock Exchange under CNM. Recent 8-K reports cover operating results and investor presentation materials, share repurchase program authorizations, board appointments, executive officer transitions, shareholder voting results and amendments to the ABL Credit Agreement of Core & Main LP.
Proxy materials describe board elections, committee matters, executive compensation and auditor ratification. The filing record also reflects capital-structure disclosures for Class A common stock, governance procedures and financing arrangements tied to the company’s distribution operations.
Core & Main, Inc. disclosed that its subsidiary Core & Main LP has begun a proposed amendment to its Term Loan Credit Agreement to enter into a new $800 million senior term loan. The new loan is expected to mature on the seventh anniversary of its issuance.
Core & Main plans to use proceeds from this New Senior Term Loan, together with about $750 million of potential senior unsecured debt, to refinance $1,230 million of outstanding borrowings under its existing senior term loan due 2028 and for general corporate purposes. The transaction is subject to market and other conditions, and there is no assurance the new loan or additional unsecured debt will be completed on the terms described or at all.
Core & Main, Inc. reported essentially flat quarterly net sales of $1,910 million, while improving profitability. Net income rose to $113 million from $105 million, and diluted EPS increased to $0.57 from $0.52, helped by better gross margins and lower interest expense.
Gross profit grew to $520 million, or 27.2% of sales, reflecting pricing and purchasing discipline. The company generated $82 million of operating cash flow, repaid debt, and repurchased $88 million of Class A shares, with $581 million still available under its $1 billion authorization.
Core & Main, Inc. reported essentially flat fiscal 2026 first-quarter net sales of $1,910 million versus $1,911 million a year earlier, but improved profitability. Gross profit rose to $520 million, lifting gross margin to 27.2% from 26.7%, and operating income increased to $177 million.
Net income grew 7.6% to $113 million, with diluted EPS up to $0.57. Adjusted EBITDA edged up to $226 million and Adjusted Diluted EPS reached $0.72. The company generated $82 million of operating cash flow and used $88 million to repurchase 1.8 million shares in the quarter plus another $37 million for 0.8 million shares after quarter end. Net Debt decreased to $2,010 million, and management reaffirmed full-year fiscal 2026 guidance for net sales of $7,800–$7,900 million and Adjusted EBITDA of $950–$980 million, with an Adjusted EBITDA margin of 12.2%–12.4%.
CNM reported an officer sale under Form 144. The filing discloses the sale of 21,976 Class A shares on 05/27/2026 generating $1,088,326.62. The filing also lists two option-derived Class A lots of 8,627 and 10,187 shares associated with 05/29/2026.
CNM Form 144 notice reports proposed sales of Class A shares by an issuer-related option holder on 05/27/2026. The filing lists two option-based dispositions: 10,666 shares from an option granted 03/11/2022 and 11,310 shares from an option granted 03/10/2023.
Core & Main, Inc. reports a Schedule 13G filing showing Capital World Investors beneficially owns 11,571,392 shares. The filing states this represents 6.2% of 188,072,306 shares outstanding as of 03/31/2026.
The filing attributes sole voting power and sole dispositive power over the 11,571,392 shares to Capital World Investors and lists the filing signer as a senior vice president and associate general counsel of Capital Research and Management Company.
Core & Main, Inc. ownership update: Morgan Stanley and Morgan Stanley Investment Management Inc. report reduced beneficial holdings of Class A Common Stock. Morgan Stanley shows 5,070,951 shares with 4,570,651 shared voting power and 5,036,169 shared dispositive power, representing 2.7% of the class. Morgan Stanley Investment Management Inc. shows 3,339,088 shares with 2,906,590 shared voting power, representing 1.8%. The filing states both have ceased to be beneficial owners of more than five percent.
Core & Main, Inc. is calling a virtual 2026 annual meeting on June 23, 2026, for holders of Class A and Class B common stock as of April 27, 2026. Shareholders will vote on electing three Class II directors, ratifying PricewaterhouseCoopers as auditor for fiscal 2026, and approving a say-on-pay advisory resolution for named executive officer compensation.
The company highlights fiscal 2025 performance, including net sales over $7.6 billion, net income of $462 million, Adjusted EBITDA of $931 million, diluted EPS of $2.31 and Adjusted Diluted EPS of $2.97. Operating cash flow was $650 million, and approximately $155 million was used to repurchase and retire 3.2 million Class A shares. The proxy also details an executive leadership transition, board refreshment, strong board independence, stock ownership guidelines, and clawback and insider trading policies.
Core & Main Inc Schedule 13G shows Vanguard Capital Management reported beneficial ownership of 9,911,239 shares of Common Stock, representing 5.26% of the class. The filing lists 1,445,414 shares as sole voting power and 9,911,239 shares as sole dispositive power. The filing is signed by Ashley Grim on 04/29/2026.