Specialty distributor Core & Main reported higher revenue but lower earnings, causing shares to drop 6.5%.

Specialty distributor Core & Main reported Q3 earnings of $0.33 per share, slightly missing analyst estimates but with higher-than-expected revenue of $1.70 billion, marking a 17.9% increase year-over-year. The company projects 2025 adjusted EBITDA of $950M to $1B and net sales of $7.60B to $7.80B, up 2% to 5%. Despite positive long-term growth, recent demand has slowed, and insider sales have been notable. Shares traded down 6.5% post-earnings.