Core & Main, Inc. shares plummeted 5.38% during intraday trading on Tuesday, following the release of the company's fourth-quarter fiscal 2025 earnings report and its outlook for the coming year.
The water infrastructure distributor reported quarterly sales that missed analyst expectations, but the primary catalyst for the decline appears to be its fiscal 2026 guidance. The company expects net sales in the range of $7.8 billion to $7.9 billion, which falls below the FactSet consensus estimate of $7.95 billion.
While Core & Main's adjusted earnings per share for the fourth quarter beat estimates, the below-consensus sales outlook for the full fiscal year prompted a negative reaction from investors, leading to the significant share price decline during the trading session.