Core & Main's Return On Capital Employed Insights
Portfolio Pulse from Benzinga Insights
Core & Main (NYSE:CNM) reported Q1 earnings of $133 million, a 58.33% increase from the previous quarter, and sales of $1.57 billion, a 14.56% increase since Q4. The company posted a return on capital employed (ROCE) of 0.06%, indicating effective capital allocation.
June 07, 2023 | 2:46 pm
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Core & Main reported a 58.33% increase in Q1 earnings and a 14.56% increase in sales, with a 0.06% ROCE, indicating effective capital allocation.
Core & Main's Q1 earnings and sales increased significantly, and the company posted a positive ROCE of 0.06%. This suggests that the company is allocating capital effectively, which is a positive indicator for future growth and higher earnings per share. As a result, the stock price is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100