核心与主流 2026年季度报告

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required tosubmit such files). Yes☒ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section7(a)(2)(B) of the Securities Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes☐No As of June5, 2026, there were 187,192,831 shares of the registrant’s Class A common stock, par value $0.01 per share, and 6,327,204 shares ofthe registrant’s Class B common stock, par value $0.01 per share, outstanding. Table of Contents Cautionary Note Regarding Forward-Looking StatementsPart I - Financial InformationItem 1. Financial Statements (unaudited)Condensed Consolidated Balance Sheets as of May 3, 2026and February 1, 2026(unaudited)Condensed Consolidated Statements of Operations for the threemonth periods endedMay 3, 2026 and May 4, 2025(unaudited) Part II - Other Information Item 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. ExhibitsSignatures CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of Section 27A of the SecuritiesAct of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “ExchangeAct”). Forward-looking statements include, without limitation, all statements other than statements of historical facts contained in thisQuarterly Report, including statements relating to our intentions, beliefs, assumptions or current expectations concerning, among other Some of the forward-looking statements can be identified by the use of forward-looking terms such as “believes,” “expects,”“may,” “will,” “shall,” “should,” “would,” “could,” “seeks,” “aims,” “projects,” “is optimistic,” “intends,” “plans,” “estimates,” Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be outside ourcontrol. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actualperformance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and thedevelopment of the market in which we operate, may differ materially from those made in or suggested by the forward-lookingstatements contained in this Quarterly Report on Form 10-Q. In addition, even if our results of operations, financial condition, cashflows and the development of the market in which we operate are consistent with the forward-looking statements contained in thisQuarterly Report on Form 10-Q, those results or developments may not be indicative of results or developments in subsequent periods.A number of important factors, including, without limitation, the risks and uncertainties discussed under the captions “Risk Factors” in •declines, volatility and cyclicality in the U.S. residential and non-residential construction markets;•slowdowns in municipal infrastructure spending and delays in appropriations of federal funds;•our ability to competitively bid for contracts;•price fluctuations in our product costs (including effects of tariffs);•our ability to manage our inventory effectively, including during periods of supply chain disruptions; •risks involved with acquisitions and other strategic transactions, including our ability to identify, acquire, close or integrateacquisition targets successfully; •the fragmented and highly competitive markets in which we compete and consolidation within our industry;•the development of alternatives to distributors of our products in the supply chain;•our ability to hire, engage and retain key personnel, including sales representatives, qualified branch, district and regionalmanagers and senior management;•our ability to identify, develop and maintain relationships with a sufficient number of qualified suppliers and the potential thatour exclusive or limited supplier distribution rights are terminated;•changes in supplier rebates or other terms of our supplier agreements;•the availability of freight;•the ability of our customers to make payments on credit sales;•our ability to identify and