Core & Main Inc. (NYSE:CNM) is one of the best young stocks to invest in according to hedge funds. On June 10, Core & Main reported solid Q1 2026 results, with net income rising 7.6% to $113 million and diluted EPS increasing 9.6% to $0.57. Net sales remained steady at $1.91 billion as steady municipal demand and growth in treatment plant and smart utility categories helped offset volume declines in other areas. The company also expanded its gross margin by 50 basis points to 27.2% through disciplined pricing and cost management.
The company continued to execute its growth strategy by opening five new greenfield locations during the quarter. Core & Main demonstrated a balanced approach to capital allocation, deploying $88 million to repurchase 1.8 million shares during the quarter, with an additional $37 million used for further repurchases after the period closed.
Looking ahead, Core & Main Inc. (NYSE:CNM) has reaffirmed its full-year fiscal 2026 outlook. With healthy demand for water infrastructure repair and replacement, the company remains focused on its strategic initiatives, including margin expansion and supporting complex utility projects.
Core & Main Inc. (NYSE:CNM) distributes water, wastewater, storm drainage, and fire protection products and related services in the US.
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