Core & Main Inc.
Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products include castings, clamps, couplings and tapping sleeves, drainage products, fittings, meters, pipe and pipe accessories, pumps and parts, restraints, safety and paint, service materials, tools, and valves and hydrants, as well as irrigation and other products; and fire protection solutions comprising fire protection pipes, sprinkler heads, and other devices, as well as fabrication services. The company also provides metering and technology solutions, which cover system analysis, design and installation, project financing, automatic meter reading/advancing metering infrastructure system maintenance and services, and others; treatment plants related solutions, such as design build, project management, and building information modeling; storm drain solutions comprising structures, specialty products, and underground detention/retention; fusible piping solutions, such as fittings and fabrication, equipment rental and sales, and services and repairs; and pumping equipment. Its specialty products and services are used in the maintenance, repair, replacement, and construction of water and fire protection infrastructure. The company, through its branches and supply chain, serves contractors and municipalities in the areas of new construction and aging infrastructure. It serves waterworks, fire protection, landfill, and erosion and geotextiles industries. The company was founded in 1874 and is headquartered in St. Louis, Missouri.
IPO Year: 2021
Exchange: NYSE
Website: coreandmain.com
Recent Analyst Ratings for Core & Main Inc.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/23/2024 | $52.00 | Overweight | Wells Fargo |
| 4/5/2024 | $63.00 → $64.00 | Buy → Neutral | Citigroup |
| 1/8/2024 | $38.00 → $48.00 | Neutral → Buy | Citigroup |
| 10/12/2023 | $40.00 | Peer Perform → Outperform | Wolfe Research |
| 6/13/2023 | $40.00 | Buy | Northcoast |
| 2/14/2023 | $28.00 | Buy | Loop Capital |
| 8/18/2022 | $40.00 | Buy | Deutsche Bank |
| 3/31/2022 | $32.00 → $34.00 | Equal Weight → Overweight | Barclays |
| 2/17/2022 | $31.00 → $25.00 | Neutral → Underperform | B of A Securities |
| 2/9/2022 | $25.00 | Neutral | Citigroup |
Core & Main Inc. Press Releases
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Core & Main Announces Fiscal 2024 Fourth Quarter and Full-Year Results
Core & Main, Inc. (NYSE:CNM) ("Core & Main"), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, today announced financial results for the fourth quarter and fiscal year ended February 2, 2025. The fourth quarter and fiscal year ended February 2, 2025 represents 14 and 53-week periods, respectively, compared with 13 and 52-week periods for the fourth quarter and fiscal year ended January 28, 2024. Fiscal 2024 Fourth Quarter Results (Compared with Fiscal 2023 Fourth Quarter) Net sales increased 17.9% to $1,698 million Gross profit increased 17.4% to $451 million; gross profit margin of 26.6% Net income decreased 11.8% to $67
Core & Main Announces Leadership Transition
Steve LeClair to Transition to Executive Chair Mark Witkowski Appointed CEO and Director; Robyn Bradbury Appointed CFO Core & Main, Inc. (NYSE:CNM) ("Core & Main" or the "Company"), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, today announced changes to its executive leadership team as part of the Company's long-term succession planning. After nearly two decades with Core & Main, Steve LeClair, the Company's current chief executive officer, will transition to the role of executive chair, where he will act as an advisor to the business, while continuing to lead the board of directors of Core & Main as chair. Mark Witkowski,
Core & Main to Announce Fiscal 2024 Fourth Quarter and Full-Year Results
Core & Main Inc. (NYSE:CNM) ("Core & Main"), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, will issue its financial results for the fourth quarter and fiscal year ended February 2, 2025, before the market opens on Tuesday, March 25, 2025. Core & Main will host a live conference call and webcast at 8:30 a.m. ET the same day to discuss the company's financial results. The webcast will be accessible via the events calendar at ir.coreandmain.com. The conference call may also be accessed by dialing 833-470-1428 or +1-404-975-4839 (international). The passcode for the live call is 121316. To ensure participants are connected for th
Immokalee Water & Sewer District Modernizes with Xylem Digital Solutions
Smart water technology to enhance operational efficiency and resilience The Immokalee Water & Sewer District in Collier County, Fla. selected Xylem (NYSE:XYL) and Core & Main (NYSE:CNM) to advance its digital transformation initiative. The utility will soon manage meters remotely, track residential water pressure, check water quality, and more with Xylem digital solutions. The modernization will create a comprehensive water management solution that integrates potable water distribution, wastewater collection, and treatment systems. "This data and asset management project will significantly improve our operational efficiency," said Sarah Catala, executive director at Immokalee Water & Se
Core & Main Announces Record Fiscal 2024 Third Quarter Results
Core & Main Inc. (NYSE:CNM), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, today announced financial results for the third quarter ended October 27, 2024. Fiscal 2024 Third Quarter Results (Compared with Fiscal 2023 Third Quarter) Net sales increased 11.5% to $2,038 million Gross profit increased 9.9% to $543 million; gross profit margin was 26.6%, increasing 20 basis points from the second quarter Net income decreased 11.4% to $140 million Diluted earnings per share increased 6.2% to $0.69 Adjusted EBITDA (Non-GAAP) increased 6.5% to $277 million; Adjusted EBITDA margin (Non-GAAP) was 13.6% Completed five
Core & Main to Announce Fiscal 2024 Third Quarter Results
Core & Main Inc. (NYSE:CNM), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, will issue its financial results for the third fiscal quarter ended Oct. 27, 2024, before the market opens on Tuesday, Dec. 3, 2024. Core & Main will host a live conference call and webcast at 8:30 a.m. ET the same day to discuss the company's financial results. The webcast will be accessible via the events calendar at ir.coreandmain.com. The conference call may also be accessed by dialing 833-470-1428 or +1-404-975-4839 (international). The passcode for the live call is 312715. To ensure participants are connected for the full call, please dial in at
Core & Main Completes Acquisition of ARGCO Northeast LLC
Core & Main Inc. (NYSE:CNM), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, has closed its previously announced acquisition of substantially all the assets of ARGCO Northeast LLC, a distributor of fire protection products with a single location in Saddle Brook, New Jersey. About Core & Main Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and professional contrac
Core & Main Completes Acquisition of Eastcom Associates Inc.
Core & Main Inc. (NYSE:CNM), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, has closed its previously announced acquisition of substantially all of the assets of Eastcom Associates Inc., a distributor of underground utility protection equipment with a single location in Branchburg, New Jersey. About Core & Main Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and
Core & Main Signs Agreement to Acquire ARGCO Northeast LLC
Core & Main Inc. (NYSE:CNM), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire substantially all the assets of ARGCO Northeast LLC, a distributor of fire protection products with a single location in Saddle Brook, New Jersey. "The ARGCO Northeast team's commitment to being a trusted partner mirrors that of Core & Main," said Mike Huebert, president of Core & Main. "The added expertise and knowledge the team brings will bolster our ability to deliver quality fire protection products and services to our valued customers. I look forward to welcoming them into the Core & Main family.
Core & Main Signs Agreement to Acquire Eastcom Associates Inc.
Core & Main Inc. (NYSE:CNM), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire substantially all the assets of Eastcom Associates Inc. (Eastcom), a distributor of underground utility protection equipment with a single location in Branchburg, New Jersey. Since 1972, Eastcom has distributed damage prevention equipment, training and service to surveyors and contractors in 13 states. The company has earned a strong reputation for providing quality products backed by exceptional service. "The Eastcom team brings a wealth of product and service knowledge in this growing product area f
Core & Main Inc. Analyst Ratings
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Wells Fargo initiated coverage on Core & Main with a new price target
Wells Fargo initiated coverage of Core & Main with a rating of Overweight and set a new price target of $52.00
Core & Main downgraded by Citigroup with a new price target
Citigroup downgraded Core & Main from Buy to Neutral and set a new price target of $64.00 from $63.00 previously
Core & Main upgraded by Citigroup with a new price target
Citigroup upgraded Core & Main from Neutral to Buy and set a new price target of $48.00 from $38.00 previously
Core & Main upgraded by Wolfe Research with a new price target
Wolfe Research upgraded Core & Main from Peer Perform to Outperform and set a new price target of $40.00
Northcoast initiated coverage on Core & Main with a new price target
Northcoast initiated coverage of Core & Main with a rating of Buy and set a new price target of $40.00
Loop Capital initiated coverage on Core & Main with a new price target
Loop Capital initiated coverage of Core & Main with a rating of Buy and set a new price target of $28.00
Deutsche Bank initiated coverage on Core & Main with a new price target
Deutsche Bank initiated coverage of Core & Main with a rating of Buy and set a new price target of $40.00
Core & Main upgraded by Barclays with a new price target
Barclays upgraded Core & Main from Equal Weight to Overweight and set a new price target of $34.00 from $32.00 previously
Core & Main downgraded by B of A Securities with a new price target
B of A Securities downgraded Core & Main from Neutral to Underperform and set a new price target of $25.00 from $31.00 previously
Citigroup resumed coverage on Core & Main with a new price target
Citigroup resumed coverage of Core & Main with a rating of Neutral and set a new price target of $25.00
Core & Main Inc. Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
General Counsel and Secretary Whittenburg Mark G was granted 3,411 shares, increasing direct ownership by 54% to 9,691 units (SEC Form 4)
4 - Core & Main, Inc. (0001856525) (Issuer)
Chief Human Resources Officer Schneider Laura K was granted 3,276 shares, increasing direct ownership by 34% to 12,873 units (SEC Form 4)
4 - Core & Main, Inc. (0001856525) (Issuer)
EVP, Corporate Department Giles Jeffrey D was granted 2,988 shares, increasing direct ownership by 33% to 12,083 units (SEC Form 4)
4 - Core & Main, Inc. (0001856525) (Issuer)
Chief Financial Officer Witkowski Mark R was granted 7,296 shares, increasing direct ownership by 40% to 25,755 units (SEC Form 4)
4 - Core & Main, Inc. (0001856525) (Issuer)
Executive Vice President Schaller John R was granted 4,215 shares, increasing direct ownership by 27% to 19,689 units (SEC Form 4)
4 - Core & Main, Inc. (0001856525) (Issuer)
President Cowles Bradford A was granted 6,162 shares, increasing direct ownership by 44% to 20,188 units (SEC Form 4)
4 - Core & Main, Inc. (0001856525) (Issuer)
Chief Accounting Officer Stephens John Weldon was granted 933 shares, increasing direct ownership by 29% to 4,120 units (SEC Form 4)
4 - Core & Main, Inc. (0001856525) (Issuer)
President Huebert Michael G. was granted 4,494 units of Class A Common Stock, increasing direct ownership by 36% to 16,971 units (SEC Form 4)
4 - Core & Main, Inc. (0001856525) (Issuer)
Chief Human Resources Officer Schneider Laura K covered exercise/tax liability with 434 shares, decreasing direct ownership by 4% to 9,597 units (SEC Form 4)
4 - Core & Main, Inc. (0001856525) (Issuer)
President Cowles Bradford A covered exercise/tax liability with 724 shares, decreasing direct ownership by 5% to 14,026 units (SEC Form 4)
4 - Core & Main, Inc. (0001856525) (Issuer)
Core & Main Inc. SEC Filings
Core & Main Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
8-K - Core & Main, Inc. (0001856525) (Filer)
SEC Form 10-K filed by Core & Main Inc.
10-K - Core & Main, Inc. (0001856525) (Filer)
Core & Main Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
8-K - Core & Main, Inc. (0001856525) (Filer)
Amendment: SEC Form SCHEDULE 13G/A filed by Core & Main Inc.
SCHEDULE 13G/A - Core & Main, Inc. (0001856525) (Subject)
SEC Form 144 filed by Core & Main Inc.
144 - Core & Main, Inc. (0001856525) (Subject)
Core & Main Inc. filed SEC Form 8-K: Other Events
8-K - Core & Main, Inc. (0001856525) (Filer)
SEC Form 144 filed by Core & Main Inc.
144 - Core & Main, Inc. (0001856525) (Subject)
SEC Form 144 filed by Core & Main Inc.
144 - Core & Main, Inc. (0001856525) (Subject)
SEC Form 10-Q filed by Core & Main Inc.
10-Q - Core & Main, Inc. (0001856525) (Filer)
Core & Main Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
8-K - Core & Main, Inc. (0001856525) (Filer)
Core & Main Inc. Leadership Updates
Live Leadership Updates
Core & Main Signs Agreement to Acquire EGW Utilities Inc.
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire substantially all of the assets of EGW Utilities, Inc. (EGW), a distributor of quality products and services to underground utility contractors and municipalities, based in Texas. "With the acquisition of EGW, we are excited to expand our product offering and service capabilities in the underground utility industry," said Steve LeClair, chairman and CEO of Core & Main. "Their team brings a wealth of knowledge and technical expertise and will be a wonderful complement to our existing business in this area." Located in Carrollton, Te
Maui Land & Pineapple Company appoints new board members to support next chapter of growth
MAUI, Hawaii, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE:MLP) announced the appointment of two new Independent Directors to its Board, effective January 1, 2024: Catherine Ngo, a seasoned leader at the intersection of finance, technology, and law; and Maui native Ken Ota, a successful local entrepreneur with over 30 years of experience in the construction industry and water infrastructure. "Catherine and Ken embody esteemed leadership and we are honored to add them to our diverse slate of Directors. We look forward to their thoughtful guidance as we chart the course for a future of growth," said Race Randle, CEO of Maui Land & Pineapple Company. "Their e
Core & Main Signs Agreement to Acquire Granite Water Works Inc.
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire substantially all of the assets of Granite Water Works Inc., a provider of water, wastewater and storm drainage products in Minnesota. "The strong local relationships and commitment to dependable service that Granite Water Works will bring to Core & Main will greatly amplify our capabilities and presence in central Minnesota," said Steve LeClair, chief executive officer of Core & Main. Granite Water Works is a leading distributor of high-quality waterworks and subsurface drainage supplies for contractors and municipalities in centr
Core & Main Inc. Financials
Live finance-specific insights
Core & Main to Announce Fiscal 2024 Fourth Quarter and Full-Year Results
Core & Main Inc. (NYSE:CNM) ("Core & Main"), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, will issue its financial results for the fourth quarter and fiscal year ended February 2, 2025, before the market opens on Tuesday, March 25, 2025. Core & Main will host a live conference call and webcast at 8:30 a.m. ET the same day to discuss the company's financial results. The webcast will be accessible via the events calendar at ir.coreandmain.com. The conference call may also be accessed by dialing 833-470-1428 or +1-404-975-4839 (international). The passcode for the live call is 121316. To ensure participants are connected for th
Core & Main to Announce Fiscal 2024 Third Quarter Results
Core & Main Inc. (NYSE:CNM), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, will issue its financial results for the third fiscal quarter ended Oct. 27, 2024, before the market opens on Tuesday, Dec. 3, 2024. Core & Main will host a live conference call and webcast at 8:30 a.m. ET the same day to discuss the company's financial results. The webcast will be accessible via the events calendar at ir.coreandmain.com. The conference call may also be accessed by dialing 833-470-1428 or +1-404-975-4839 (international). The passcode for the live call is 312715. To ensure participants are connected for the full call, please dial in at
Core & Main Announces Fiscal 2024 Second Quarter Results
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, today announced financial results for the second quarter ended July 28, 2024. Fiscal 2024 Second Quarter Results (Compared with Fiscal 2023 Second Quarter) Net sales increased 5.5% to $1,964 million Gross profit increased 3.4% to $518 million; gross profit margin decreased 50 basis points to 26.4% Net income decreased 23.2% to $126 million Diluted earnings per share decreased 7.6% to $0.61 Adjusted EBITDA (Non-GAAP) decreased 4.8% to $257 million; Adjusted EBITDA margin (Non-GAAP) decreased 140 basis points to 13.1% Acquired five new businesses during and after the
Core & Main to Announce Fiscal 2024 Second Quarter Results
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, will issue its financial results for the second fiscal quarter ended July 28, 2024, before the market opens on Wednesday, Sept. 4, 2024. Core & Main will host a live conference call and webcast at 8:30 a.m. ET the same day to discuss the company's financial results. The webcast will be accessible via the events calendar at ir.coreandmain.com. The conference call may also be accessed by dialing 833-470-1428 or +1-404-975-4839 (international). The passcode for the live call is 823702. To ensure participants are connected for the full call, please dial in at least 10 minutes prior to th
Core & Main Announces Fiscal 2024 First Quarter Results
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, today announced financial results for the first quarter ended April 28, 2024. Fiscal 2024 First Quarter Results (Compared with Fiscal 2023 First Quarter) Net sales increased 10.6% to $1,741 million Gross profit increased 6.6% to $468 million; gross profit margin decreased 100 basis points to 26.9% Net income decreased 24.1% to $101 million Diluted earnings per share decreased 2.0% to $0.49 Adjusted EBITDA (Non-GAAP) decreased 1.4% to $217 million; Adjusted EBITDA margin (Non-GAAP) was 12.5% Net cash provided by operating activities was $78 million Net Debt
Core & Main to Announce Fiscal 2024 First Quarter Results
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, will issue its financial results for the first fiscal quarter ended April 28, 2024, before the market opens on Tuesday, June 4, 2024. Core & Main will host a live conference call and webcast at 8:30 a.m. ET the same day to discuss the company's financial results. The webcast will be accessible via the events calendar at ir.coreandmain.com. The conference call may also be accessed by dialing 833-470-1428 or +1-404-975-4839 (international). The passcode for the live call is 988688. To ensure participants are connected for the full call, please dial in at least 10 minutes prior to the s
Core & Main Announces Fiscal 2023 Fourth Quarter and Full-Year Results
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 Jan. 28, 2024. Fiscal 2023 Fourth Quarter Results (Compared with Fiscal 2022 Fourth Quarter) Net sales increased 4.8% to $1,440 million Gross profit margin decreased 40 basis points to 26.7% Net income of $76 million Diluted earnings per share increased 9.7% to $0.34 Adjusted EBITDA (Non-GAAP) decreased 2.4% to $160 million Net cash provided by operating activities of $294 million Fiscal 2023 Results (Compared with Fiscal 2022) Net sales increased 0.8% to a record of $6,702 mil
Core & Main to Announce Fiscal 2023 Fourth Quarter and Full-Year Results
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, will issue its financial results for the fourth quarter and fiscal year ended Jan. 28, 2024, before the market opens on Tuesday, March 19, 2024. Core & Main will host a conference call and webcast at 8:30 a.m. ET the same day to discuss the company's financial results. The live webcast will be accessible via the events calendar at ir.coreandmain.com. The conference call may also be accessed by dialing 833-470-1428 or +1-404-975-4839 (international). The passcode for the live call is 947824. To ensure participants are connected for the full call, please dial in at least 10 minutes pri
Core & Main Announces Fiscal 2023 Third Quarter Results
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, today announced financial results for the third quarter ended October 29, 2023. Fiscal 2023 Third Quarter Results (Compared with Fiscal 2022 Third Quarter) Net sales increased 0.5% to $1,827 million Gross profit margin decreased 50 basis points to 27.0% Net income decreased 11.2% to $158 million Adjusted EBITDA (Non-GAAP) decreased 5.5% to $260 million Adjusted EBITDA margin (Non-GAAP) decreased 90 basis points to 14.2% Net cash provided by operating activities was $373 million compared with $154 million in the prior year Opened two new locations: one in Spokane,
Core & Main to Announce Fiscal 2023 Third Quarter Results
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, will issue its financial results for the third fiscal quarter ended October 29, 2023, before the market opens on Tuesday, Dec. 5, 2023. Core & Main will host a conference call and webcast at 8:30 a.m. ET the same day to discuss the Company's financial results. The live webcast will be accessible via the events calendar at ir.coreandmain.com. The conference call may also be accessed by dialing (833) 470-1428 or +1 (404) 975-4839 (international). The passcode for the live call is 916295. To ensure participants are connected for the full call, please dial in at least 10 minutes prior to
Core & Main Inc. Large Ownership Changes
This live feed shows all institutional transactions in real time.
Amendment: SEC Form SC 13G/A filed by Core & Main Inc.
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
Amendment: SEC Form SC 13G/A filed by Core & Main Inc.
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
Amendment: SEC Form SC 13G/A filed by Core & Main Inc.
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SEC Form SC 13G/A filed by Core & Main Inc. (Amendment)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SEC Form SC 13G/A filed by Core & Main Inc. (Amendment)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SEC Form SC 13G filed by Core & Main Inc.
SC 13G - Core & Main, Inc. (0001856525) (Subject)
SEC Form SC 13G/A filed by Core & Main Inc. (Amendment)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SEC Form SC 13G filed by Core & Main Inc.
SC 13G - Core & Main, Inc. (0001856525) (Subject)
SEC Form SC 13G/A filed by Core & Main Inc. (Amendment)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SEC Form SC 13G filed by Core & Main Inc.
SC 13G - Core & Main, Inc. (0001856525) (Subject)