Filing Flows › Core & Main (CNM) › Guidance history
Core & Main (CNM) guidance history: what it guided and what it reported
Core & Main gave guidance in 10 earnings releases on file since Dec 5, 2023. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +0.6% against the guided midpoint. Its releases raised guidance 3 times and lowered it 3 times.
Revenue
Met or beat 2 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $7.8B–$7.9B (Jun 10, 2026) → reaffirmed $7.8B–$7.9B (Sep 9, 2026) | — | to be reported | — |
| FY26 | $7.6B–$7.8B (Jun 10, 2025) → lowered $7.6B–$7.7B (Sep 9, 2025) | $7.6B | within the range | 0.0% |
| FY25 | $7.3B–$7.4B (Sep 4, 2024) | $7.4B | above the range | +1.2% |
| FY24 | $6.7B–$6.8B (Dec 5, 2023) | — | — | — |
Adjusted revenue
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $7.6B–$7.7B (Sep 9, 2025) | — | — | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $550M–$610M (Sep 9, 2025) | $650M (GAAP) | not judged | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $950M–$980M (Jun 10, 2026) → reaffirmed $950M–$980M (Sep 9, 2026) | — | to be reported | — |
| FY26 | $950M–$1.0B (Jun 10, 2025) → lowered $920M–$940M (Sep 9, 2025) | — | — | — |
| FY25 | $900M–$930M (Sep 4, 2024) | — | — | — |
| FY24 | $890M–$910M (Dec 5, 2023) | — | — | — |
Adjusted EBITDA margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 12.2%–12.4% (Jun 10, 2026) → reaffirmed 12.2%–12.4% (Sep 9, 2026) | — | to be reported | — |
| FY26 | 12.5%–12.8% (Jun 10, 2025) → lowered 12.1%–12.2% (Sep 9, 2025) | — | — | — |
The latest quarter
Core & Main, Q2 FY27: revenue $2.1B (+2% year over year), operating margin 10.6%, net earnings $144M, operating cash flow $62.0M. The chart follows the revenue to costs, profit and cash.
Questions
Does Core & Main beat its guidance?
Core & Main gave guidance in 10 earnings releases on file since Dec 5, 2023. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +0.6% against the guided midpoint.
How often does Core & Main raise guidance?
Its earnings releases raised guidance 3 times and lowered it 3 times since Dec 5, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.