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.

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.

Core & Main: Leading Player That Is Well Positioned To Grow

Core & Main, Inc. has seen improvements in its non-residential market, offsetting weakness in multifamily housing and warehouse-related work. The company is well-positioned to benefit from growth in highway and street projects and the trend of mega projects in its non-residential end market. The revenue outlook is positive, with stabilization in non-residential orders, solid demand in the municipal end market, and potential recovery in the residential market.

Core & Main: Upgrading To Buy As End-Market Improves

Does Core & Main (CNM) have what it takes to be a top stock pick for momentum investors? Let's find out.

Core & Main (CNM) is a Great Momentum Stock: Should You Buy?

IPO stock Core & Main (CNM) dropped early Thursday after the company announced a secondary public offering of 15 million shares "by certain selling stockholders," according to a federal filing. The S&P 400 MidCap 400 stock has nine monthly gains so far in 2023.

S&P MidCap 400 Newcomer Rides 90% Gain To New Highs, Dips On Share Offering

ST. LOUIS--(BUSINESS WIRE)--Core & Main has closed on its previously announced agreement to acquire assets of a provider of water, wastewater and storm drainage products.

Core & Main Completes Acquisition of Granite Water Works Inc.

Core & Main, Inc. (NYSE:CNM ) Q3 2023 Earnings Conference Call December 5, 2023 8:30 AM ET Company Participants Robyn Bradbury - Vice President, Finance and Investor Relations Steve LeClair - Chief Executive Officer Mark Witkowski - Chief Financial Officer Conference Call Participants Joe Ahlersmeyer - Deutsche Bank Kathryn Thompson - Thompson Research Group Nigel Coe - Wolfe Research Asher Sohnen - Citigroup Vivek Srivastava - Goldman Sachs Ryan Connors - Northcoast Research David Manthey - Baird David Ridley-Lane - Bank of America Patrick Baumann - JPMorgan Operator Hello, everyone and welcome to the Core & Main Q3 2023 Earnings Call. My name is Seb and I'll be the operator for your call today.

Core & Main, Inc. (CNM) Q3 2023 Earnings Call Transcript

Core & Main (CNM) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.65 per share a year ago.

Core & Main (CNM) Q3 Earnings and Revenues Miss Estimates

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Fiscal 2023 Third Quarter Results.

Core & Main Announces Fiscal 2023 Third Quarter Results

Core & Main (CNM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Core & Main (CNM) This Earnings Season?

ST. LOUIS--(BUSINESS WIRE)--Core & Main has closed on its previously announced agreement to acquire assets of a geosynthetics and erosion control products provider.

Core & Main Completes Acquisition of Enviroscape

Core & Main (CNM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Core & Main (CNM) Reports Next Week: Wall Street Expects Earnings Growth

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2023 Third Quarter Results.

Core & Main to Announce Fiscal 2023 Third Quarter Results

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ST. LOUIS--(BUSINESS WIRE)--Core & Main plans to expand waterworks presence in the Eastern U.S.

Core & Main Signs Agreement to Acquire Lee Supply Company Inc.

Core & Main (CNM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Core & Main (CNM) Could Beat Earnings Estimates Again

ST. LOUIS--(BUSINESS WIRE)--Core & Main Added to the S&P MidCap 400® Index.

Core & Main Added to the S&P MidCap 400® Index

ST. LOUIS--(BUSINESS WIRE)--Core & Main signs agreement to acquire assets of a provider of water, wastewater and storm drainage products, expanding its waterworks reach.

Core & Main Signs Agreement to Acquire Granite Water Works Inc.

S&P Global

NEW YORK , Nov. 8, 2023 /PRNewswire/ -- Core & Main Inc. (NYSE:CNM) will replace ACI Worldwide Inc. (NASD:ACIW) in the S&P MidCap 400, and ACI Worldwide will replace NextGen Healthcare Inc. (NASD:NXGN) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 13. Thoma Bravo is acquiring NextGen Healthcare in a deal expected to be completed soon, pending final closing conditions.

Core & Main Set to Join S&P MidCap 400; ACI Worldwide to Join S&P SmallCap 600

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Preliminary Fiscal 2023 Third Quarter Results.

Core & Main Announces Preliminary Fiscal 2023 Third Quarter Results

In the closing of the recent trading day, Core & Main (CNM) stood at $31.19, denoting a +0.1% change from the preceding trading day.

Core & Main (CNM) Increases Yet Falls Behind Market: What Investors Need to Know

ST. LOUIS--(BUSINESS WIRE)--Core & Main signs agreement to acquire assets of a geosynthetics and erosion control products provider, expanding the company's geo reach.

Core & Main Signs Agreement to Acquire Enviroscape

ST. LOUIS--(BUSINESS WIRE)--Core & Main Hosts 2023 Investor Day and Introduces Long-Term Financial Targets.

Core & Main Hosts 2023 Investor Day and Introduces Long-Term Financial Targets

Core & Main, Inc. (NYSE:CNM ) Q2 2023 Earnings Call Transcript September 6, 2023 8:30 AM ET Company Participants Robyn Bradbury - Vice President of Finance and Investor Relations Steve LeClair - Chief Executive Officer Mark Witkowski - Chief Financial Officer Conference Call Participants Matthew Bouley - Barclays David Manthey - Baird Brian Biros - Thompson Research Mike Dahl - RBC Capital Vivek Srivastava - Goldman Sachs Patrick Baumann - JPMorgan Anthony Pettinari - Citi David Ridley-Lane - Bank of America Operator Hello, everyone, and welcome to the Core & Main Second Quarter 2023 Earnings Call. My name is Bruno, and I'll be operating your call today.

Core & Main, Inc. (CNM) Q2 2023 Earnings Call Transcript

Core & Main (CNM) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.89 per share a year ago.

Core & Main (CNM) Q2 Earnings and Revenues Beat Estimates

Shares of Core & Main Inc. CNM slumped 2.0% in premarket trading Wednesday, after the provider of water, storm drainage and fire protection products and services to contractors and municipalities missed fiscal second-quarter profit expectations and trimmed its full-year sales growth outlook, citing “pockets of weakness” in new projects. Net income for the quarter to July 30 slipped to $110 million, or 66 cents a share, from $115 million, or 67 cents a share, in the year-ago period, to miss the FactSet consensus for earnings per share of 67 cents.

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