Core & Main ends FY 25 with 2.8% increase in net sales
Core & Main, Inc. announced net sales decreased 6.9% to $1,581 million for its fourth quarter, while net sales increased 2.8% to $7,647 million for the fiscal year ended February 1.
In addition, fourth quarter gross profit margin increased 50 bps to 27.1%, and net income increased 9.0% to $73 million, both compared to Q4 2024.
For Fiscal Year 2025, compared with Fiscal 2024, gross profit margin increased 30 bps to 26.9%, and net income increased 6.5% to $462 million.
“Fiscal 2025 marked our 16th consecutive year of sales growth, a result that reflects the resilience of our business, the long-term strength of our end markets and the disciplined execution by our teams across the country," said CEO Mark Witkowski.
"Our sales initiatives performed well throughout the year as we continued to expand our role as a solutions partner for aging water infrastructure. Fusible high-density polyethylene, treatment plant solutions, and geosynthetics delivered double-digit average daily net sales growth. Collectively, these categories deepen our value proposition and position Core & Main to support complex projects of any size with local expertise and national scale.
We also expanded our footprint through disciplined organic and inorganic investments during and shortly after the year, opening ten new branches in attractive markets and completing two complementary acquisitions that enhance our presence in high-growth geographies and extend our service capabilities.
We continued to structurally enhance gross margins through private label growth and disciplined sourcing and pricing execution. In parallel, we executed cost actions with a clear framework for efficiency gains as we scale. Strong cash generation supported balanced capital deployment, including approximately $155 million of share repurchases during the year.
Looking ahead to fiscal 2026, our priorities are clear. We will continue to expand our offering and service capabilities in higher-growth product categories, pursue measured greenfield expansion, execute disciplined acquisitions, and invest in technology solutions to drive productivity and enhance the customer experience. We believe these actions position Core & Main to compound market share gains, expand margins and sustain strong cash flow over time.”
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