Reports Q3 revenue $1.83B, consensus $1.83B. “We are pleased to have delivered another quarter of strong results,” said Steve LeClair, chief executive officer of Core & Main. “Demand from our customers remains resilient and we continue to execute on both our organic and inorganic growth initiatives. Gross margins were 50 basis points lower than last year as inventory costs continue to catch up with current market prices, but we are pleased to see gross margins sustain at higher levels as we work to drive our margin initiatives through our nationwide branch network.”
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