Core & Main Misses Q4 Earnings Estimates, Changes Leadership As Sales Reach $1.7 Billion
1. CNM reported Q4 earnings of 33 cents, below expectations of 36 cents. 2. Net sales rose 17.9% year-over-year to $1.69 billion, near estimates. 3. Gross profit increased but margin declined from 26.7% to 26.6% annually. 4. New leadership appointed: Mark Witkowski as CEO; Steve LeClair moves to executive chair. 5. Fiscal year 2025 guidance of $7.6-$7.8 billion, slightly below consensus.