Core & Main cuts fiscal 2026 adjusted EBITDA outlook to $950 million-$960 million
CNM•Core & Main narrowed fiscal 2026 adjusted EBITDA guidance to $950 million-$960 million from $950 million-$980 million, while keeping net sales guidance at $7.8 billion-$7.9 billion. Preliminary third-quarter adjusted EBITDA was $267 million-$275 million, and net sales were estimated at $2.12 billion-$2.13 billion, up 3%.
1. Fiscal 2026 outlook
Core & Main narrowed its fiscal 2026 adjusted EBITDA guidance to $950 million-$960 million from $950 million-$980 million. Full-year net sales guidance remains $7.8 billion-$7.9 billion, supported by stable municipal demand and completed acquisitions; softer-than-anticipated residential lot development and light commercial activity partially offset those contributions.
2. Preliminary third-quarter results
Core & Main estimated third-quarter net sales of $2.12 billion-$2.13 billion, representing 3% growth, and adjusted EBITDA of $267 million-$275 million. The company cited higher transportation costs and investments in new locations.
