Core & Main Gains As Increased Demand Drives Profit Higher


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


  • Core & Main Inc (NYSE:CNM) reported third-quarter FY22 sales growth of 29.4% year-on-year, to $1.82 billion, beating the consensus of $1.71 billion.
  • Gross profit margin increased 110 basis points to 27.5%, and the gross profit rose 35% to $500 million.
  • Selling, general and administrative expenses climbed 22.9% to $231 million.
  • Operating margin was 12.8%, and operating income for the quarter rose 59% to $234 million.
  • Net cash provided by operating activities for nine months totaled $94 million. Inventories at the end of Q3 jumped 34% to $1.1 billion.
  • Adjusted EBITDA increased 45.5% to $275 million, and the margin expanded 160 basis points to 15.1%.
  • EPS of $0.65 beat the analyst consensus of $0.57.
  • "We delivered our eighth consecutive quarter of double-digit year-over-year net sales growth, with third quarter net sales exceeding our expectations due to healthy end-market demand, robust performance across our growth initiatives and continued price realization," said CEO Steve LeClair.
  • Outlook: Core & Main sees FY22 adjusted EBITDA of $910 million - $930 million (prior view $840 million - $890 million).
  • Price Action: CNM shares are trading higher by 3.25% at $21.26 on the last check Tuesday.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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