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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has closed on the acquisition of substantially all of the assets of UPSCO Inc. and two affiliated entities (UPSCO), a provider of utility infrastructure products and services headquartered in the Finger Lakes region of New York with sales offices in the Northeast, Mid-Atlantic and Midwest regions of the United States.

Core & Main Completes Acquisition of UPSCO

Core & Main, Inc. (NYSE:CNM ) Q4 2022 Earnings Conference Call March 28, 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 Jamie Cook - Credit Suisse Kathryn Thompson - Thompson Research Mike Dahl - RBC Capital Markets Dave Manthey - Baird Nigel Coe - Wolfe Research Vivek Srivastava - Goldman Sachs Asher Sohnen - Citi Elizabeth Langan - Barclays Pat Baumann - JPMorgan Operator Welcome to the Core & Main Fourth Quarter 2022 Earnings Call. My name is Harry, and I'll be coordinating your call today.

Core & Main, Inc. (CNM) Q4 2022 Earnings Call Transcript

Core & Main (CNM) delivered earnings and revenue surprises of -3.12% and 0.20%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Core & Main (CNM) Misses Q4 Earnings Estimates

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, today announced financial results for the fourth quarter and fiscal year ended January 29, 2023.

Core & Main Announces Fiscal 2022 Fourth Quarter and Record Full-Year Results

Carnival

Concentrix Corporation 

Cintas Corp

Leonardo DRS Inc

McCormick

Micron Technology

Paychex

SYNNEX

Walgreens

Buying stocks before the earnings announcement is tricky, and there are several reasons for that.

10 Biggest Companies Reporting Earnings in the Fifth Week of March 2023

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, will issue its financial results for the fourth quarter and fiscal year ended Jan. 29, 2023, before the market opens on Tuesday, March 28, 2023.

Core & Main to Announce Fiscal 2022 Fourth Quarter and Full Year Results

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, has closed its previously announced acquisition of substantially all of the assets of Landscape & Construction Supplies LLC, a full-service provider of geosynthetics products, with two locations in the Chicago metropolitan area.

Core & Main Completes Acquisition of Landscape & Construction Supplies LLC

Utilities leader Core & Main is approaching a new buy point in today's stock market action. The company boasts triple-digit earnings growth.

IPO Stock Of The Week: Utilities Leader Near New Buy Point Boasts Triple-Digit Earnings Growth

Core & Main is a market leader in a cyclical industry with promising demand characteristics stemming out of repair needs and governmental programs. CNM stock has a low absolute and relative valuation. There are no high expectations built into the stock price but it has a high short interest.

Core & Main: This Consolidator Is Fairly Priced But Cyclicality Shadows

Clean Harbors

With the reopening of the economy and the resumption of business activities, waste generation is bound to increase. This should help the Zacks Waste Removal Services industry thrive.

3 Stocks to Watch From the Promising Waste Management Industry

Cal-Maine Foods

Graphic Packaging Hld

GPK, CALM and CNM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on February 24, 2023.

Best Growth Stocks to Buy for February 24th

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, has entered into a definitive agreement to acquire substantially all of the assets of Landscape & Construction Supplies LLC, a full-service provider of geosynthetics products, with two locations in the Chicago metropolitan area.

Core & Main Signs Agreement to Acquire Landscape & Construction Supplies LLC

Ardagh Metal Packaging SA

Quest Resource Hld

Republic Services

Waste Connections

Waste Management

Although waste stocks to buy might not represent the first avenue for most investors seeking profits in a possibly resurgent market cycle, it might be among the most logical. With the pace of inflation slowing, consumer spending may rise relative to last year.

The 7 Best ‘Waste' Stocks for Dumpster-Diving Investors

AMN Healthcare Services

Clarivate Plc

CRH PLC

Deere & Company

The stock market gains momentum as consumer sentiment improves on fading inflation. Thus, invest in growth players like AMN Healthcare Services (AMN), Clarivate (CLVT), Core & Main (CNM), CRH & Deere (DE) for solid returns.

Wall Street Books Best Week Since November: 5 Growth Picks

The mean of analysts' price targets for Core & Main (CNM) points to a 32.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Core & Main (CNM) Could Surge 32.76%: Read This Before Placing a Bet

Conagra Brands

Gold Fields Ltd.

Gerdau

NRG Energy

Here are five stocks, CAG, GFI, GGB, NRG and CNM that match our screening criteria.

5 Lucrative PEG-Driven Value Stocks for Investors

Banco do Brasil SA

Signet Jewelers

Suzano S.A. - ADR

Tencent Music Entertainment Group 

Here are five stocks, SIG, SUZ, TME, BDORY and CNM that match our screening criteria.

5 Discounted PEG Stocks Ideal for GARP Investors

Muni repair and replace activity was strong and is expected to remain positive into 4Q and beyond. Pricing has been stronger for longer than expected as a result of high demand and continued supply chain challenges.

Core & Main: Continue To Stay Long After Q3 2022 Results

Core & Main, Inc. (NYSE:CNM ) Q3 2022 Earnings Conference Call December 13, 2022 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 Matthew Bouley - Barclays David Manthey - Baird Kathryn Thompson - Thompson Research Group Mike Dahl - RBC Capital Markets Keith Hughes - Truist Securities Vivek Srivastava - Goldman Sachs Patrick Baumann - JPMorgan David Ridley-Lane - Bank of America Asher Sohnen - Citi Operator Ladies and gentlemen, welcome to the Core & Main Q3 2022 Earnings Call. My name is Glenn and I will be the moderator for today's call.

Core & Main, Inc. (CNM) Q3 2022 Earnings Call Transcript

Core & Main (CNM) delivered earnings and revenue surprises of 8.33% and 2.16%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

Core & Main (CNM) Tops Q3 Earnings and Revenue Estimates

Core & Main Inc. CNM, -0.44% rallied 8% in premarket trades after the St. Louis-based distributor of water, wastewater, storm drainage and fire protection products raised its earnings outlook and handily beat profit expectations for the third quarter. Core & Main said it earned $111 million, or 65 cents a share in the three months ended Oct. 30, up from $64 million, or 39 cents a share, in the year-ago period.

Core & Main rallies on stronger-than-expected earnings

ST. LOUIS--( BUSINESS WIRE )--Core & Main Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, today announced financial results for the third fiscal quarter ended October 30, 2022.

Core & Main Announces Fiscal 2022 Third Quarter Results

ST. LOUIS--( BUSINESS WIRE )--Core & Main, Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage, fire protection products and related services, has closed its previously announced acquisition of substantially all of the assets of Lanier Municipal Supply Co. Inc., a full-service distributor of water, wastewater, storm drainage, agricultural and irrigation products, headquartered in Lakeland, Georgia.

Core & Main Completes Acquisition of Lanier Municipal Supply Co. Inc.

ST. LOUIS--( BUSINESS WIRE )--Core & Main Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, will issue its financial results for the third fiscal quarter and nine months ended Oct. 30, 2022, before the market opens on Tuesday, Dec. 13, 2022.

Core & Main to Announce Fiscal 2022 Third Quarter Results

Core & Main (CNM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

News for Core & Main Stock (CNM)