Core & Main

Core & Main, Inc. operates as a distributor of water, wastewater, storm drainage and fire protection products, and related services. It provides its services to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets nationwide. The firm’s specialty products and services are used in the maintenance, repair, replacement, and construction of water, and fire protection infrastructure. Its products include pipes, valves, fittings, storm drainage products, fire protection products, meter products and other products for use in the construction, maintenance and repair of water, and waste-water systems as well as fire protection systems. The company was founded on April 9, 2021 and is headquartered in St. Louis, MO.

Earnings data Q2 2021

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CNM reports robust Q1 results, poised for above-market growth

CNM's Q1 2023 performance reflects strong sales growth and a focus on capital allocation, despite challenges in certain market segments. The company's financial strength is evident through its record operating cash flow and solid liquidity position. Looking ahead, CNM is poised for above-market growth and aims to capitalize on value creation opportunities through its growth strategy.

CNM reports solid Q2 performance, raises EBITDA guidance

CNM's Q2 performance was solid, with a focus on inventory optimization and strategic acquisitions. While facing challenges in certain sectors, the company is leveraging opportunities to improve margins and sustain pricing.

CNM reports stable Q3 performance, eyes growth and margin improvement

CNM's Q3 performance showcased stability and positive financial results, driven by strong cash generation and strategic acquisitions. While facing challenges in certain sectors, the company is focused on leveraging opportunities for growth and margin improvement in 2024.

Core & Main reports record sales in 2022, eyes growth opportunities

Core & Main's fiscal 2022 performance was strong, with a focus on organic growth and margin initiatives. Fiscal 2023 poses challenges with softer demand and gross margin normalization. However, the company's strong balance sheet, growth opportunities, and strategic investments position it well for the future.

Core & Main reports solid Q1 performance and raises FY guidance

Core & Main's Q1 performance showcased resilience with strong margins and cash flow. Despite challenges in residential volumes, the company is optimistic about long-term industry fundamentals. With a focus on growth and prudent capital allocation, Core & Main is well-positioned for future opportunities.

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Core & Main, Inc. is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide. The company was founded in 1874 and is headquartered in St. Louis, MO.

Core & Main (CNM) closed at $42.73 in the latest trading session, marking a -1.95% move from the prior day.

Core & Main (CNM) Stock Sinks As Market Gains: Here's Why

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. has closed its previously announced acquisition of ARGCO Northeast LLC, a distributor of fire protection products.

Core & Main Completes Acquisition of ARGCO Northeast LLC

In the latest trading session, Core & Main (CNM) closed at $43.58, marking a +0.76% move from the previous day.

Core & Main (CNM) Ascends While Market Falls: Some Facts to Note

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. has closed its previously announced acquisition of substantially all of the assets of Eastcom Associates Inc.

Core & Main Completes Acquisition of Eastcom Associates Inc.

In the most recent trading session, Core & Main (CNM) closed at $45.07, indicating a -0.38% shift from the previous trading day.

Core & Main (CNM) Stock Slides as Market Rises: Facts to Know Before You Trade

Core & Main (CNM) closed at $46.09 in the latest trading session, marking a -1.35% move from the prior day.

Core & Main (CNM) Falls More Steeply Than Broader Market: What Investors Need to Know

Core & Main (CNM) concluded the recent trading session at $43.45, signifying a +1.73% move from its prior day's close.

Why Core & Main (CNM) Outpaced the Stock Market Today

ST. LOUIS--(BUSINESS WIRE)--Core & Main has entered into an agreement to acquire substantially all the assets of ARGCO Northeast LLC, a distributor of fire protection products.

Core & Main Signs Agreement to Acquire ARGCO Northeast LLC

ST. LOUIS--(BUSINESS WIRE)--Core & Main has entered into a definitive agreement to acquire Eastcom Associates Inc., a distributor of underground utility protection equipment.

Core & Main Signs Agreement to Acquire Eastcom Associates Inc.

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. has closed its previously announced acquisition of substantially all of the assets of Green Equipment Company.

Core & Main Completes Acquisition of Green Equipment Company

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The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 3 Industrials Stocks That May Rocket Higher In Q3

Core & Main faces significant headwinds, including weather disruptions, lower steel pipe prices, and a slowdown in commercial projects, impacting their recent performance. Despite a solid share buyback program and manageable debt levels, the lack of insider buying activity raises concerns about a potential decline in the share price in the near future. Acquisition-driven growth contributed 9% to sales increases, but without acquisitions, sales would have dropped 3.5%. I'm concerned about their reliance on acquisitions for growth.

Core & Main: 40% Selloff Since May, But I Am Not Buying Yet

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. has closed its previously announced acquisition of substantially all of the assets of GroGreen Solutions Georgia, LLC.

Core & Main Completes Acquisition of GroGreen Solutions Georgia LLC

The veteran industrial components supplier's second quarter fell short of expectations. It missed on both the top and bottom lines for the period.

Why Investors Bailed on Core & Main Stock This Week

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Core & Main (CNM) Is Considered a Good Investment by Brokers: Is That True?

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AHEXY, ARCO and CNM have been added to the Zacks Rank #5 (Strong Sell) List on September 5, 2024.

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Shares of Core & Main (CNM), which supplies pipes for water, wastewater and other uses, posted worse-than-expected results and cut its outlook after it said bad weather and economic conditions affected sales.

Infrastructure Firm Core & Main's Stock Drops After Results Miss Estimates, Outlook Cut

Core & Main, Inc. (NYSE:CNM ) Q2 2024 Earnings Call Transcript September 4, 2024 8:30 AM ET Company Participants Robyn Bradbury - IR Steve LeClair - Chair and CEO Brad Cowles - President Mark Witkowski - CFO Conference Call Participants Kathryn Thompson - Thompson Research Group Dave Manthey - Baird Matthew Bouley - Barclays Nigel Coe - Wolfe Research Joe Ritchie - Goldman Sachs Mike Dahl - RBC Capital Markets Anthony Pettinari - Citi Patrick Baumann - JPMorgan David Ridley-Lane - Bank of America Operator Hello and welcome to the Core & Main Q2 2024 Earnings Call. My name is Alex and I'll be coordinating the call today.

Core & Main, Inc. (CNM) Q2 2024 Earnings Call Transcript

Core & Main's results fell short of expectations. The company blamed weather delays for some of the miss, lowering full-year guidance.

Why Core & Main Stock Is Down Big Today

Core & Main (CNM) came out with quarterly earnings of $0.61 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.66 per share a year ago.

Core & Main (CNM) Lags Q2 Earnings and Revenue Estimates

Core & Main Inc.'s stock fell about 13% on Wednesday after the St. Louis-based water, wastewater and drainage-supply distributor's earnings fell short of analyst estimates and warned that “significant weather disruptions” have impacted its business.

Core & Main's stock drops 13% as earnings and revenue fall short

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U.S. stock futures were lower this morning, with the Nasdaq futures dipping over 100 points on Wednesday.

Core & Main Reports Downbeat Results, Joins Rev Group, PagerDuty, Dollar Tree And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Fiscal 2024 Second Quarter Results.

Core & Main Announces Fiscal 2024 Second Quarter Results

Significant improvement in the residential and non-residential revenues is anticipated to have benefited CNM's second-quarter fiscal 2024 revenues.

Core & Main to Report Q2 Earnings Results: What's in the Offing?

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2024 Second Quarter Results.

News for Core & Main Stock (CNM)