Core & Main, a major U.S. distributor of water, wastewater, and fire protection products, posted a strong start to fiscal 2025 with 10% sales growth in the first quarter. The company also reaffirmed its full-year outlook while announcing a leadership transition set for later this year.
For the quarter ended May 4, Core & Main reported $1.91 billion in net sales, up 9.8% from $1.74 billion in the same period last year. The growth was driven by higher customer demand and recent acquisitions, particularly in core areas like pipes, valves, fittings, storm drainage, and meter products, the company said.
Net income was $105 million compared with $101 million in the first quarter of 2024.
“We are proud to report another quarter of record performance that showcases the resilience of our end markets and the strength of our business model,” said Mark Witkowski, CEO of Core & Main.
Looking ahead, Core & Main maintained its full-year forecast, expecting total sales between $7.6 billion and $7.8 billion—representing annual growth of 2% to 5%.
As part of a planned leadership transition effective March 31, CEO Steve LeClair stepped into the role of executive chair and chief financial officer CFO Mark Witkowski became CEO. Robyn Bradbury, senior vice president of finance and investor relations, was named the new CFO.
Witkowski has been with Core & Main since 2007 and became CFO in 2016. He has helped shape the company’s growth strategy and operations over the past decade, while Bradbury, who joined in 2009, helped establish the firm’s investor relations efforts and led the company’s public debut in 2021, according to Core & Main.
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