Core & Main, Inc. (NYSE:CNM) shares were trading more than 9% higher Tuesday morning, following the company’s reported Q3 beat, with revenues growing 38.7% year-over-year to $1,404.8 million.

Robust waterworks demand in a tight supply environment allowed the company to realize around 26% pricing in the quarter, a sequential improvement compared to around 18% in the previous quarter.

The company increased full-year adjusted EBITDA guidance to $560-580 million and management appeared confident that the company can maintain current pricing levels (even in commodity-driven products) through H1 2022, resulting in positive first half price/cost for the group.