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Core & Main Q2 Results Beat Estimates

By Stocks Desk · 2026-09-09 · Updated 2026-09-10 03:46 UTC
A warehouse aisle filled with industrial pipes and valves
Illustration: Tradingbird

Core & Main beat Q2 estimates with $0.94 adjusted EPS and $2.15 billion in revenue, driven by surging data center and fire protection demand. Management detailed progress on the massive Miami-Dade utility project, noted the acquisition of Walker Industries, and reaffirmed its fiscal 2026 outlook despite ongoing residential softness.

  • Per GN markets/earnings (en-US), management revealed that the Miami-Dade smart utility project is progressing through pilot stages with initial volume expected by year-end, while data center activity nearly doubled year-over-year. The company also confirmed the acquisition of Walker Industries and seven new location expansions as part of its aggressive capital allocation strategy.

    Source: GN markets/earnings (en-US)

  • According to GN markets/earnings (en-US), Core & Main executed record share buybacks totaling nearly $270 million in fiscal 2026 while affirming full-year guidance, despite noting ongoing softness in residential construction and flat PVC pricing.

    Source: GN markets/earnings (en-US)

  • Core & Main delivered adjusted EPS of $0.94 and revenue of $2.15 billion, both exceeding market expectations for the quarter ended July 2026.

    Source: GN markets/earnings (en-US)
Based on reporting by GN markets/earnings (en-US), GN markets/earnings (en-US) and GN markets/earnings (en-US), compiled by the Tradingbird desk.

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