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.

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U.S. stocks closed mostly lower on Friday. However, all three major indices notched gains last week, with the S&P 500 gaining about 2.3% and the Dow adding approximately 2% to record its best week since December.

This Analyst With 85% Accuracy Rate Sees Around 23% Upside In Micron Technology - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts - Core & Main (NYSE:CNM), Chipotle Mexican Grill (NYSE:CMG)

Management is aiming for a combination of acquisition-led growth, market growth, and expansion in private-label products. A recovering housing market will help the company in the future.

Why Shares in Core & Main Surged This Week

Here is how Core & Main (CNM) and PagSeguro Digital Ltd. (PAGS) have performed compared to their sector so far this year.

Has Core & Main (CNM) Outpaced Other Business Services Stocks This Year?

Core & Main has experienced significant share price growth due to its previous revenue and earnings growth, margin improvement initiatives, acquisitions, and a tailwind. The company is a leading distributor specializing in water, wastewater, storm drainage, and fire protection products and services. I expect to see more growth and robust share prices over the next five years and beyond.

Core & Main: Empowering Growth And Profits For The Long Haul

ST. LOUIS--(BUSINESS WIRE)--Core & Main has promoted Jeff Giles to executive vice president, corporate development.

Core & Main Promotes Jeff Giles to Executive Vice President, Corporate Development

Core & Main, Inc. (CNM) Q4 2023 Earnings Call Transcript

Core & Main (CNM) came out with quarterly earnings of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.31 per share a year ago.

Core & Main (CNM) Q4 Earnings Match Estimates

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Fiscal 2023 Fourth Quarter and Full-Year Results.

Core & Main Announces Fiscal 2023 Fourth Quarter and Full-Year Results

Core & Main (CNM) closed at $49.61 in the latest trading session, marking a +0.53% move from the prior day.

Core & Main (CNM) Increases Despite Market Slip: Here's What You Need to Know

ST. LOUIS--(BUSINESS WIRE)--Core & Main has entered into an agreement to acquire NW Geosynthetics Inc., doing business as ACF West Inc., a leading geosynthetic distributor.

Core & Main Signs Agreement to Acquire ACF West Inc.

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc., has closed its previously announced acquisition of Dana Kepner Company LLC, a distributor of water, wastewater, and other products.

Core & Main Completes Acquisition of Dana Kepner

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2023 Fourth Quarter and Full-Year Results.

Core & Main to Announce Fiscal 2023 Fourth Quarter and Full-Year Results

In the closing of the recent trading day, Core & Main (CNM) stood at $47.32, denoting a -0.44% change from the preceding trading day.

Core & Main (CNM) Stock Declines While Market Improves: Some Information for Investors

In the latest trading session, Core & Main (CNM) closed at $43.55, marking a -1.38% move from the previous day.

Core & Main (CNM) Registers a Bigger Fall Than the Market: Important Facts to Note

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM) has closed its previously announced acquisition of substantially all of the assets of Eastern Supply Inc.

Core & Main Completes Acquisition of Eastern Supply

ST. LOUIS--(BUSINESS WIRE)--Core & Main Elects Stephen LeClair as Chairman of Board as Clayton, Dubilier & Rice Sells Remaining Stake.

Core & Main Elects Stephen LeClair as Chairman of Board as Clayton, Dubilier & Rice Sells Remaining Stake

In the latest trading session, Core & Main (CNM) closed at $42.21, marking a +1.78% move from the previous day.

Core & Main (CNM) Exceeds Market Returns: Some Facts to Consider

GREENWICH, Conn.--(BUSINESS WIRE)--Littlejohn & Co. LLC (“Littlejohn”), a private investment firm based in Greenwich, CT, today announced that it has entered into a definitive agreement to sell Dana Kepner Company, LLC, (“Dana Kepner” or the “Company”), a premium supplier of water works material and services serving municipalities and contractors, to Core & Main Inc. (“Core & Main”) (NYSE: CNM). Based in Denver, Colorado and founded in 1933, Dana Kepner is a leading water and wastew.

Littlejohn & Co. to Sell Dana Kepner to Core & Main

ST. LOUIS--(BUSINESS WIRE)-- #coreandmain--Core & Main signs agreement to acquire Dana Kepner, waterworks supplier.

Core & Main Signs Agreement to Acquire Dana Kepner

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Secondary Offering and Share Repurchase.

Core & Main Announces Secondary Offering and Share Repurchase

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM) has closed its previously announced acquisition of substantially all of the assets of Lee Supply Company Inc.

Core & Main Completes Acquisition of Lee Supply Company Inc.

From a technical perspective, Core & Main (CNM) is looking like an interesting pick, as it just reached a key level of support. CNM recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

Core & Main (CNM) Recently Broke Out Above the 20-Day Moving Average

ST. LOUIS--(BUSINESS WIRE)--Core & Main signs agreement to acquire assets of a distributor of a broad range of storm drainage products, with custom fabrication capabilities.

Core & Main Signs Agreement to Acquire Eastern Supply

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Upsizing of Secondary Offering.

Core & Main Announces Upsizing of Secondary Offering

I see a 15% upside over the next 2 years. CNM is a leading player in the industry with a market share of around 25%. CNM is going to benefit from the ageing US water infrastructure as the government steps up in reinvestment.

News for Core & Main Stock (CNM)