In its fiscal 2026 second quarter, Core & Main, Inc. reported higher year-on-year sales of US$2,145 million and net income of US$144 million, reaffirmed full-year guidance for US$7.80–US$7.90 billion in net sales, accelerated share repurchases under its existing program, and highlighted a more active acquisition pipeline progressing to letters of intent. A key insight from these updates is management's emphasis on using a strong balance sheet and cash generation to fund both M&A aimed at expanding its core waterworks and fire protection footprint and ongoing buybacks, reinforcing its focus on scaling the business while also reducing the share count.
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