Core & Main Inc Q1 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst : Can you give a little more granularity on the type of pricing you expect for commodity pipe this year that's embedded within that mid-teens pricing you expect for the total company? And then along those lines, in the first quarter versus the fourth quarter, what stepped up incrementally in price? Because the price contribution, it seems like improved a bit sequentially. Just curious, is that the commodity pipe or is that the other products that you sell that's other than the commodity pipe? Any color on that would be helpful.

Question: Patrick Michael Baumann - JPMorgan Chase & Co, Research Division - Analyst : Okay. And then on the comments you made around no benefits from Infrastructure yet in kind of demand that you're seeing, and then subsequent comments that if there was moderation in project activity in your other markets, nonres or resi, that you could maybe see a step-up in the ability to serve that. I'm just curious, has there been demand you're seeing from a muni perspective so far that you haven't been able to serve because it's like you're just too busy with private -- like the resi and the nonres stuff? Is that why you're making that comment? I'm just curious if you could give more color around that comment.