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.

CNM has a leading position in the industry. CNM is a preferred choice of customers as a one-stop-shop.

Core & Main: Leading Player Trading At Near Trough Valuation

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 entered into a definitive agreement to acquire 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 Signs Agreement to Acquire 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, has closed its previously announced acquisition of substantially all of the assets of Distributors, Inc., a full-service distributor of fire protection products based in Hawaii. “We are excited to be expanding our fire protection footprint in Hawaii with the acquisition of Distributors, Inc.,” said Steve LeClair

Core & Main Completes Acquisition of Distributors, Inc.

ST. LOUIS--(BUSINESS WIRE)--Core & Main expands waterworks presence in Ohio and Pennsylvania.

Core & Main Completes Acquisition of Ohio-Based Waterworks Company

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 Distributors, Inc., a full-service distributor of fire protection products, based in Hawaii. “By consistently meeting and exceeding customer expectations, Distributors, Inc. has established itself as a leader in fire protection

Core & Main Signs Agreement to Acquire Distributors, Inc.

Shares of Core & Main Inc. CNM, +1.09% sank 7.3% in premarket trading Friday, after the distributor of water, storm drainage and fire protection products said its upsized stock offering priced at $23.75 a share. The company said selling shareholders sold 11.0 million shares in the offering, up from the late Thursday's announcement of a 10.0 million share offering.

Core & Main stock falls after upsized share offering priced at 5% discount

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Upsize and Pricing of Secondary Offering

Core & Main Announces Upsize and Pricing of Secondary Offering

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

Core & Main Announces Secondary Offering

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Core & Main, Inc. (NYSE:CNM ) Q2 2022 Earnings Conference Call September 13, 2022 8:30 AM ET Company Participants Robyn Bradbury - Vice President of Financial Planning, Analysis & Investor Relations Steve LeClair - Chief Executive Officer Mark Witkowski - Chief Financial Officer Conference Call Participants Elizabeth Langan - Barclays Jamie Cook - Credit Suisse Kathryn Thompson - Thompson Research Group David Manthey - Baird Patrick Baumann - JPMorgan David Ridley-Lane - Bank of America Operator Hello and welcome to the Core & Main Q2 2022 Earnings Call. My name is Alex and I will be coordinating the call today.

Core & Main, Inc. (CNM) Q2 2022 Earnings Call Transcript

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Record Fiscal 2022 Second Quarter Results

Core & Main Announces Record Fiscal 2022 Second Quarter Results

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Given the Fed tightening and the resulting macro uncertainties, many were expecting below par performances, but the second quarter turned out to be better than expected in terms of earnings.

These Are The 10 Biggest Firms Releasing Earnings Next Week

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 elected Robert M. Buck to its board of directors. Buck is president, chief executive officer and a member of the board of directors of TopBuild, a leading installer and specialty distributor of insulation and building material products to the North American construction industry. “Robert has a strong track recor

Core & Main Elects Robert M. Buck to Board

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2022 Second Quarter Results

Core & Main to Announce Fiscal 2022 Second Quarter Results

ST. LOUIS--(BUSINESS WIRE)--Core & Main expands water works presence in Ohio.

Core & Main Signs Agreement to Acquire Ohio-Based Waterworks Company

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.

Can Core & Main (CNM) Keep the Earnings Surprise Streak Alive?

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 Inland Water Works Supply Co., a full-service distributor of water and wastewater products, based in San Bernardino, California. “We look forward to strengthening our team in Southern California with the addition of Inland Water W

Core & Main Completes Acquisition of Inland Water Works Supply Co.

ST. LOUIS--(BUSINESS WIRE)--Core & Main expands waterworks presence in Southern California.

Core & Main Signs Agreement to Acquire Inland Water Works Supply Co.

The average of price targets set by Wall Street analysts indicates a potential upside of 27.9% in Core & Main (CNM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

How Much Upside is Left in Core & Main (CNM)? Wall Street Analysts Think 28%

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 Earthsavers Erosion Control, LLC, a full-service provider of geosynthetics products, based in northern California. “We are excited to grow our geosynthetics capabilities in northern California with the addition of the Earthsavers'

Core & Main Completes Acquisition of Earthsavers Erosion Control

Core & Main, Inc. (NYSE:CNM ) Q1 2022 Earnings Conference Call June 14, 2022 8:30 AM ET Company Participants Robyn Bradbury - VP, IR and FP&A Steve LeClair - CEO Mark Witkowski - CFO Conference Call Participants Elizabeth Langan - Barclays William Vranka - Wolfe Research Joseph Ritchie - Goldman Sachs Jamie Cook - Crédit Suisse Michael Dahl - RBC Capital Markets Patrick Baumann - J.P. Morgan Keith Hughes - Truist Securities David Manthey - Robert W.

Core & Main, Inc. (CNM) CEO Steve LeClair on Q1 2022 Results - Earnings Call Transcript

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 first fiscal quarter ended May 1, 2022. Fiscal 2022 First Quarter Highlights (Compared with Fiscal 2021 First Quarter) Net sales increased 52% to $1,598 million Gross profit margin increased 200 basis points to 26.3% Net income increased to $137 million from $27 million

Core & Main Announces Record Fiscal 2022 First Quarter Results

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Some of the stocks that may grab investor focus today are: Wall Street expects Core & Main, Inc. (NYSE: CNM) to post quarterly earnings at $0.35 per share on revenue of $1.40 billion before the opening bell. Core & Main shares gained 2.6% to $22.20 in after-hours trading.

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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 entered into a definitive agreement to acquire substantially all of the assets of Earthsavers Erosion Control, LLC, a full-service provider of geosynthetics products, based in northern California. “Earthsavers Erosion Control has a strong presence in their market and a loyal customer base that asks for their pro

Core & Main Signs Agreement to Acquire Earthsavers Erosion Control

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 first fiscal quarter ended May 1, 2022, before the market opens on Tuesday, June 14, 2022. Core & Main will host a conference call and webcast at 8:30 a.m. EDT the same day to discuss the Company's financial results. The live webcast will be accessible via the events

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