Core & Main (NYSE: CNM) reported fiscal 2026 second-quarter net sales of $2.145 billion, up 2.5% from a year earlier, and net income of $150 million, up 6.4%. Basic and diluted earnings per share were both $0.77.
The specialty infrastructure distributor reaffirmed its full-year fiscal 2026 outlook, including net sales of $7.8 billion to $7.9 billion and adjusted EBITDA of $950 million to $980 million.
- Gross profit rose 2.3% to $573 million, while gross margin was 26.7%.
- Operating income increased 6.6% to $227 million.
- Adjusted EBITDA, a non-GAAP measure, rose 3.0% to $274 million.
- The company repurchased $169 million of stock during the quarter, representing 3.7 million shares.
- Core & Main opened seven greenfield locations in fiscal 2026, including two during and after the quarter.
$CNM Insider Trading Activity
$CNM insiders have traded $CNM stock on the open market 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $CNM stock by insiders over the last 6 months:
- ROBYN L BRADBURY (Chief Financial Officer) has made 0 purchases and 2 sales selling 5,000 shares for an estimated $262,724.
- JAMES D HOPE has made 2 purchases buying 4,039 shares for an estimated $195,081 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CNM Hedge Fund Activity
We have seen 220 institutional investors add shares of $CNM stock to their portfolio, and 287 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 3,555,754 shares (+65.8%) to their portfolio in Q2 2026, for an estimated $171,565,130
- D1 CAPITAL PARTNERS L.P. removed 2,647,789 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $130,800,776
- NORDEA INVESTMENT MANAGEMENT AB added 2,488,658 shares (+inf%) to their portfolio in Q2 2026, for an estimated $120,077,748
- D. E. SHAW & CO., INC. added 2,100,999 shares (+84.8%) to their portfolio in Q2 2026, for an estimated $101,373,201
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,068,088 shares (+inf%) to their portfolio in Q2 2026, for an estimated $99,785,246
- NEUBERGER BERMAN GROUP LLC added 1,840,403 shares (+352.6%) to their portfolio in Q2 2026, for an estimated $88,799,444
- PICTET ASSET MANAGEMENT HOLDING SA removed 1,551,757 shares (-23.8%) from their portfolio in Q2 2026, for an estimated $74,872,275
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$CNM Congressional Stock Trading
Members of Congress have traded $CNM stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CNM stock by members of Congress over the last 6 months:
- REPRESENTATIVE APRIL MCCLAIN DELANEY sold up to $15,000 on 06/12.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
