Core & Main, Inc.

Company Performance

Fiscal 2024 was a notable year for Core & Main, as it marked our 15 th consecutive year of sales growth. Our team navigated a dynamic environment to deliver strong financial performance, including:

•Record net sales of over $7.4 billion;

•Net income of $434 million;

•Adjusted EBITDA (Non-GAAP) of $930 million;

•Operating cash flow of approximately $621 million;

•Deployment of approximately $176 million dollars to repurchase and retire 4 million shares of our Class A common stock;

•Deployment of $741 million dollars to acquire ten new companies with approximately $600 million of historical annualized net sales collectively; and

•Total shareholder return of 39%.

The consistency of our results is driven by our balanced business mix, the investments we have made to support and execute our growth strategy, and the expertise and dedication of our associates. We’ve proven that we can drive value for shareholders by executing our strategy to deliver growth through geographic expansion, product line expansion and local share gains, while also improving profitability, generating strong operating cash flow, and then complementing it all with strategic acquisitions.

In addition to providing results that are determined in accordance with the generally accepted accounting principles of the United States (“GAAP”), we present EBITDA and Adjusted EBITDA, which are non-GAAP financial measures. Additional information regarding EBITDA and Adjusted EBITDA, including a reconciliation to the most comparable GAAP measure, is included under the heading “Non-GAAP Reconciliation” beginning onpage 52 of this proxy statement and under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Non-GAAP Financial Measures” in our 2024 Form 10-K.

Corporate Governance Highlights