Core & Main posts transcript of Q2 2026 earnings call
CNM•Guidance, buybacks, and business mix
Guidance was reaffirmed:
- Net sales: $7.8 billion-$7.9 billion
- Adjusted EBITDA: $950 million-$980 million
- Operating cash flow conversion: 60%-70%
Buybacks totaled $169 million for 3,700,000 shares; fiscal 2026-to-date buybacks were nearly $270 million for 5,700,000 shares; since IPO, the company has repurchased nearly 25% of shares.
Data center run rate doubled year-over-year, lifting data centers to a mid-single-digit share of sales. Fire protection sales rose 14%, with roughly two-thirds of the increase driven by price.
Q2 results and earnings call attendees
Core & Main’s fiscal Q2 2026 earnings call drew CEO Mark R. Witkowski, CFO Robyn Bradbury, President Bradford A. Cowles, and IR VP Landon Althoff.
- Q2 net sales were $2.1 billion, up .
