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
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/1/2025 | $60.00 | Buy | Deutsche Bank |
| 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 |
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 first quarter ended May 4, 2025. Fiscal 2025 First Quarter Results (Compared with Fiscal 2024 First Quarter) Net sales increased 9.8% to $1,911 million Gross profit increased 9.0% to $510 million; gross profit margin was 26.7% Net income increased 4.0% to $105 million Diluted earnings per share increased 6.1% to $0.52 Adjusted EBITDA (Non-GAAP) increased 3.2% to $224 million Net cash provided by operating activities of $77 million Repurchased $39 million of shares at an av
15 years of consecutive growth and increasing demand for innovative water infrastructure solutions help earn national recognition Core & Main Inc. (NYSE:CNM) ("Core & Main"), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, proudly announces it has been named to the Fortune 500 list for the first time, ranked No. 497. This prestigious recognition highlights Core & Main's significant growth and success in working to address water infrastructure needs across the U.S. "We are incredibly honored to be included in the Fortune 500," said Mark Witkowski, CEO of Core & Main. "This is another milestone in our continued growth journey,
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 first quarter ended May 4, 2025, before the market opens on Tuesday, June 10, 2025. 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 528579. To ensure participants are connected for the full call, please d
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
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 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
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 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 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 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 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, 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 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
144 - Core & Main, Inc. (0001856525) (Subject)
144 - Core & Main, Inc. (0001856525) (Subject)
144 - Core & Main, Inc. (0001856525) (Subject)
8-K - Core & Main, Inc. (0001856525) (Filer)
10-Q - Core & Main, Inc. (0001856525) (Filer)
8-K - Core & Main, Inc. (0001856525) (Filer)
DEFA14A - Core & Main, Inc. (0001856525) (Filer)
DEF 14A - Core & Main, Inc. (0001856525) (Filer)
SCHEDULE 13G - Core & Main, Inc. (0001856525) (Subject)
144 - Core & Main, Inc. (0001856525) (Subject)
Deutsche Bank initiated coverage of Core & Main with a rating of Buy and set a new price target of $60.00
Wells Fargo initiated coverage of Core & Main with a rating of Overweight and set a new price target of $52.00
Citigroup downgraded Core & Main from Buy to Neutral and set a new price target of $64.00 from $63.00 previously
Citigroup upgraded Core & Main from Neutral to Buy and set a new price target of $48.00 from $38.00 previously
Wolfe Research upgraded Core & Main from Peer Perform to Outperform and set a new price target of $40.00
Northcoast initiated coverage of Core & Main with a rating of Buy and set a new price target of $40.00
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 of Core & Main with a rating of Buy and set a new price target of $40.00
Barclays upgraded Core & Main from Equal Weight to Overweight and set a new price target of $34.00 from $32.00 previously
B of A Securities downgraded Core & Main from Neutral to Underperform and set a new price target of $25.00 from $31.00 previously
4 - Core & Main, Inc. (0001856525) (Issuer)
4 - Core & Main, Inc. (0001856525) (Issuer)
4 - Core & Main, Inc. (0001856525) (Issuer)
4 - Core & Main, Inc. (0001856525) (Issuer)
4 - Core & Main, Inc. (0001856525) (Issuer)
4 - Core & Main, Inc. (0001856525) (Issuer)
4 - Core & Main, Inc. (0001856525) (Issuer)
4 - Core & Main, Inc. (0001856525) (Issuer)
4 - Core & Main, Inc. (0001856525) (Issuer)
4 - Core & Main, Inc. (0001856525) (Issuer)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SC 13G - Core & Main, Inc. (0001856525) (Subject)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SC 13G - Core & Main, Inc. (0001856525) (Subject)
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SC 13G - Core & Main, Inc. (0001856525) (Subject)
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 first quarter ended May 4, 2025, before the market opens on Tuesday, June 10, 2025. 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 528579. To ensure participants are connected for the full call, please d
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 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 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 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 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 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 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 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 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,