Core & Main Inc-A 2024年度报告

(MarkOne) UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM10-K ☐ANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedFebruary2,2025OR ☐TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 FortransitionperiodfromtoCommissionFileNumber001-40650 Core&Main,Inc. (Exactnameofregistrantasspecifiedinitscharter) Delaware86-3149194 (Stateorotherjurisdictionofincorporationororganization) 1830CraigParkCourt (I.R.S.EmployerIdentificationNumber) St.Louis,Missouri63146(314)432-4700 (Address,includingzipcode,andtelephonenumber,includingareacode,ofregistrant’sprincipalexecutiveoffices) SecuritiesregisteredpursuanttoSection12(b)oftheAct: Nameofeachexchangeonwhich TitleofeachclassTradingSymbol ClassAcommonstock,parvalue$0.01 registered pershareCNMTheNewYorkStockExchange Indicatebycheckmarkiftheregistrantisawell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct.YesNo IndicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13orSection15(d)oftheAct.YesNo Indicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheRegistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.YesNo☐ IndicatebycheckmarkwhethertheRegistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-T(§232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheRegistrantwasrequiredtosubmitsuchfiles).YesNo☐ Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,asmallerreportingcompanyoranemerginggrowthcompany.Seethedefinitionsof“largeacceleratedfiler,”“acceleratedfiler,”“smallerreportingcompany”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct. Largeacceleratedfiler ☐Acceleratedfiler ☐ Non-acceleratedfiler ☐Smallerreportingcompany ☐ Emerginggrowthcompany ☐ Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection7(a)(2)(B)oftheSecuritiesAct.☐ Indicatebycheckmarkwhethertheregistranthasfiledareportonandattestationtoitsmanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingunderSection404(b)oftheSarbanes-OxleyAct(15U.S.C.7262(b))bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.☐ IfsecuritiesareregisteredpursuanttoSection12(b)oftheAct,indicatebycheckmarkwhetherthefinancialstatementsoftheregistrantincludedinthefilingreflectthecorrectionofanerrortopreviouslyissuedfinancialstatements.☐ Indicatebycheckmarkwhetheranyofthoseerrorcorrectionsarerestatementsthatrequiredarecoveryanalysisofincentive-basedcompensationreceivedbyanyoftheregistrant’sexecutiveofficersduringtherelevantrecoveryperiodpursuantto§240.1D-1(b).☐ Indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct):Yes☐No☐ Statetheaggregatemarketvalueofthevotingandnon-votingcommonequityheldbynon-affiliatescomputedbyreferencetothepriceatwhichthecommonequitywaslastsold,ortheaveragebidandaskedpriceofsuchcommonequity,asofthelastbusinessdayoftheregistrant’smostrecentlycompletedsecondfiscalquarter: $10,312million. AsofMarch21,2025,therewere190,058,509sharesoftheregistrant’sClassAcommonstock,parvalue$0.01pershare,and7,828,361sharesoftheregistrant’sClassBcommonstock,parvalue$0.01pershare,outstanding. DOCUMENTSINCORPORATEDBYREFERENCE PortionsofthedefinitiveProxyStatementfortheregistrant’s2025AnnualMeetingofStockholdershavebeenincorporatedbyreferenceintoPartIIIofthisAnnualReportonForm10-K. TableofContents Page CautionaryNoteRegardingForward-LookingStatements1 PartI2 Item1.Business 2 Item1A.RiskFactors 10 Item1B.UnresolvedStaffComments 32 Item1C.Cybersecurity 32 Item2.Properties 33 Item3.LegalProceedings 34 Item4.MineSafetyDisclosures 34 PartII 34 Item5.MarketforRegistrant'sCommonEquity,RelatedStockholderMattersandIssuer34 PurchasesofEquitySecurities Item6.[Reserved]36 Item7.Management'sDiscussionandAnalysisofFinancialConditionandResultsof37 Operations Item7A.QuantitativeandQualitativeDisclosuresAboutMarketRisk50 Item8.FinancialStatementsandSupplementaryData52 Item9.ChangesinandDisagreementsWithAccountantsonAccountingandFinancial84 Disclosures Item9A.ControlsandProcedures84 Item9B.OtherInformation85 Item9C.DisclosureRegardingForeignJurisdictionthatPreventInspections85 PartIII86 Item10.Directors,ExecutiveOfficersandCorporateGovernance86 Item11.ExecutiveCompensation86 Item12.SecurityOwnershipofCertainBeneficialOwnersandManagementandRelated86 StockholderMatters Item13.CertainRelationshipsandRelatedTransactions,andDirectorIndependence86 Item14.PrincipalAccountantFeesandServices86 PartIV87 Item15.ExhibitsandFinancialStatementSchedules87 Item16.Form10-KSummary90 Signatures91 CAUTIONARYNOTEREGARDINGFORWARD-LOOKINGSTA