Core & Main Inc. has reported a 3.2% increase in Adjusted EBITDA (Non-GAAP) for the three months ended May 4, 2025, reaching $224 million compared to $217 million for the corresponding period in 2024. This improvement was mainly driven by higher gross profit, despite an increase in SG&A expenses. The company generated net cash from operating activities amounting to $77 million during the same period. In terms of capital management, Core & Main repurchased $39 million worth of shares at an average price of approximately $46.64 per share. The company reaffirms its full-year outlook, expecting net sales growth between 2% to 5%, with average daily sales growth projected at 4% to 7%. Core & Main also anticipates Adjusted EBITDA between $950 million and $1,000 million, with an Adjusted EBITDA margin ranging from 12.5% to 12.8%. Operating cash flow is projected to be in the range of $570 million to $650 million. The results underscore Core & Main's robust performance and its strategic positioning to benefit from investments in the aging water infrastructure across the U.S.