Core & Main Q2 Revenue Hits $2.15 Billion as Industrial Distributors Beat Estimates

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Core & Main reported second-quarter revenue of $2.15 billion, up 2.5% year on year and in line with analysts' expectations, but the industrial distributor missed EPS and EBITDA estimates significantly and its stock has fallen 7.7% since the results to trade at $40.69. The results came as the 24 industrial distributors stocks tracked by the report collectively beat analysts' consensus revenue estimates by 3.7% in a very strong quarter, though their share prices have on average declined 3.7% since the latest earnings results. Transcat posted the group's best quarter, with revenue of $92.95 million, up 21.6% year on year and 7.4% above expectations, alongside beats on EPS and EBITDA, yet its stock is down 8.2% since reporting to $84.35. Watsco had the weakest quarter, with revenue of $2.10 billion, up 2.1% year on year but 1.9% short of expectations, a significant EPS miss, and a 14.5% stock decline to $314.22. DNOW delivered the group's fastest revenue growth at $1.31 billion, up 108% year on year and 3.1% above expectations, with its stock up 10% to $15.65, while DXP reported revenue of $576.5 million, up 15.6% and 6.2% above expectations, with its stock up 10.9% to $186.68.

Impact on stocks 6

Climate Adaptation & Water▼ · 2 stocks
Core & Main Inc
CNM
▼ NegativeCapitalrelevance

Core & Main missed EPS and EBITDA estimates significantly despite in-line revenue, and its stock fell 7.7% since results.

Watsco Inc
WSO
▼ NegativeCapitalrelevance

Watsco had the weakest quarter, with revenue 1.9% short of expectations and a significant EPS miss.

Industrials▲ · 2 stocks
DXP Enterprises Inc
DXPE
▲ PositiveCapitalrelevance

DXP reported revenue up 15.6% and 6.2% above expectations, with its stock up 10.9%.

Aerospace & Aviation▲ · 1 stocks
Transcat Inc
TRNS
▲ PositiveCapitalrelevance

Transcat posted the group's best quarter with revenue up 21.6% and beats on EPS and EBITDA.

Energy Transition & Power Demand▲ · 1 stocks
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