Core & Main Inc Q1 2023 Earnings Call Summary

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

Question: Asher Melech Sohnen - Citigroup Inc., Research Division - Analyst : This is Asher Sohnen on for Anthony. Just looking at -- following up on the last one, the increase to your EBITDA guide, it seems to be driven not only in part by more low-cost inventory than expected. So is that just a function of you moving through inventory or may be slower than expected with volume pressure, or maybe pricing has been strong enough to make more of your inventory sit into sort of the low-cost basis bucket, or maybe you're even able to continue doing some prebuys? So what's driving that? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JUNE 06, 2023 / 12:30PM, CNM.N - Q1 2023 Core & Main Inc Earnings Call

Question: Asher Melech Sohnen - Citigroup Inc., Research Division - Analyst : Okay, that's helpful. And then just sort of switching gears. In your prepared remarks, I think you talked about sort of the risk presented to kind of the commercial private non-res segment from credit tightening. But I'm just wondering even anecdotally, have you actually seen the impact kind of come through on that? Are you seeing maybe projects get delayed or still at the start or something like that?