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.

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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.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Is Core & Main (CNM) a Buy as Wall Street Analysts Look Optimistic?

Core & Main, Inc. is expected to experience good revenue growth due to strength in non-residential construction, municipal repair and replacement, and the residential end market. Margins may face near-term headwinds from competitive pressures and growth investments, but long-term margin expansion prospects are attractive. The company's revenue outlook remains positive, with healthy demand in various end markets and potential growth from the Infrastructure Investment and Jobs Act.

Core & Main: Post-Earnings Correction Is A Buying Opportunity

Core & Main beat revenue expectations but missed on its bottom line. The construction-equipment stock for water and wastewater handling is seeing lower margins as pricing normalizes.

Why Core & Main Sank Today

Core & Main, Inc. (NYSE:CNM ) Q1 2024 Earnings Conference Call June 4, 2024 8:30 AM ET Company Participants Robyn Bradbury - VP, Finance and IR Steve LeClair - Chairman and CEO Mark Witkowski - CFO Conference Call Participants Matthew Bouley - Barclays Nigel Coe - Wolfe Research Mike Dahl - RBC Capital Markets Asher Sohnen - Citigroup Kathryn Thompson - Thompson Research Group Joe Ritchie - Goldman Sachs Operator Good morning, everyone, and welcome to the Core & Main Q1 2024 Earnings Call. My name is Angela and I'll be coordinating your call today.

Core & Main, Inc. (CNM) Q1 2024 Earnings Call Transcript

Core & Main (CNM) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.50 per share a year ago.

Core & Main (CNM) Lags Q1 Earnings Estimates

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

Core & Main Announces Fiscal 2024 First Quarter Results

Core & Main's (CNM) earnings are expected to have declined in fiscal 2024 first-quarter. However, revenues are likely to have increased.

How to Play Core & Main (CNM) Ahead of Its Q1 Earnings?

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Zacks.com users have recently been watching Core & Main (CNM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Is Trending Stock Core & Main, Inc. (CNM) a Buy Now?

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

Core & Main to Announce Fiscal 2024 First Quarter Results

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?

Brokers Suggest Investing in Core & Main (CNM): Read This Before Placing a Bet

In the most recent trading session, Core & Main (CNM) closed at $60.82, indicating a +1.11% shift from the previous trading day.

Core & Main (CNM) Laps the Stock Market: Here's Why

While Mag 7 stocks like Nvidia go AWOL, Core & Main again sees demand from top funds, lifing CNM stock into yet another buy zone.

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Here is how Core & Main (CNM) and Paymentus (PAY) have performed compared to their sector so far this year.

Is Core & Main (CNM) Stock Outpacing Its Business Services Peers This Year?

Recently, Zacks.com users have been paying close attention to Core & Main (CNM). This makes it worthwhile to examine what the stock has in store.

Core & Main, Inc. (CNM) is Attracting Investor Attention: Here is What You Should Know

In the most recent trading session, Core & Main (CNM) closed at $59.63, indicating a +0.2% shift from the previous trading day.

Core & Main (CNM) Rises Higher Than Market: Key Facts

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

Core & Main Completes Acquisition of Geothermal Supply Company Inc.

In the latest trading session, Core & Main (CNM) closed at $57.04, marking a +1.01% move from the previous day.

Why the Market Dipped But Core & Main (CNM) Gained Today

ST. LOUIS--(BUSINESS WIRE)--Core & Main Elects James D. Hope to Board.

Core & Main Elects James D. Hope to Board

Wall Street Bulls Look Optimistic About Core & Main (CNM): Should You Buy?

The latest trading day saw Core & Main (CNM) settling at $56.75, representing a +1.05% change from its previous close.

Core & Main (CNM) Rises As Market Takes a Dip: Key Facts

Core & Main (CNM) closed at $54.59 in the latest trading session, marking a -0.33% move from the prior day.

Why Core & Main (CNM) Dipped More Than Broader Market Today

Core & Main, Inc. (CNM) Is a Trending Stock: Facts to Know Before Betting on It

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Abercrombie & Fitch (ANF), Core & Main (CNM), EMCOR (EME), Lifeway Foods (LWAY) and CompoSecure (CMPO) are poised to gain from the solid economic scenario as well as a positive seasonal trend.

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