Core & Main, Inc Shares Up 9% on Q3 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/CNM'>Core & Main, Inc. (NYSE:CNM) </a>shares were trading more than 9% higher Tuesday morning, following the company’s reported Q3 beat, with revenues growing 38.7% year-over-year to $1,404.8 million.</p>
<p>Robust waterworks demand in a tight supply environment allowed the company to realize around 26% pricing in the quarter, a sequential improvement compared to around 18% in the previous quarter. </p>
<p>The company increased full-year adjusted EBITDA guidance to $560-580 million and management appeared confident that the company can maintain current pricing levels (even in commodity-driven products) through H1 2022, resulting in positive first half price/cost for the group. </p>

NYSE:CNM