Core & Main (CNM) Q4 FY26 earnings call

Core & Main delivered its 16th consecutive year of sales growth in Q4 FY25, driven by strong organic market share gains and gross margin expansion, despite flat overall end markets and residential softness. The company is proactively investing in strategic initiatives, geographic expansion, and cost actions to drive future profitability and market share, while maintaining a disciplined capital allocation strategy focused on growth, M&A, and shareholder returns amidst a cautious macro outlook.