Core & Main, Inc., (NYSE: CNM), a specialized distributor of water, wastewater, storm drainage and fire protection products, reported sales for its fiscal 2022 second quarter were up $1.86 billion, up 43.4% from the prior-year period.
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Net income increased to $182 million, up 5.8% from the prior-year period.
“I am pleased to report another record quarter as we continue to build on our momentum, achieving solid growth in both net sales and Adjusted EBITDA,” said Steve LeClair, CEO of Core & Main. “This is a remarkable accomplishment considering our strong performance in the same period last year. Our teams are utilizing our best-in-class capabilities and executing at a high level to support our customers, suppliers and communities. Our customers remain busy, and we continue to experience healthy demand across each of our end markets and product lines.”