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 |
---|---|---|---|
4/5/2024 | $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 |
1/10/2022 | $33.00 | Sector Perform → Outperform | RBC Capital |
SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
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SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SC 13G - Core & Main, Inc. (0001856525) (Subject)
4 - Core & Main, Inc. (0001856525) (Issuer)
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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)
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,
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. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, today announced financial results for the second quarter ended July 30, 2023. Fiscal 2023 Second Quarter Highlights (Compared with Fiscal 2022 Second Quarter) Net sales were flat at $1,861 million, but up 43% from the second quarter of fiscal 2021 Gross profit margin sustained at 26.9% Net income decreased 9.9% to $164 million Adjusted EBITDA (Non-GAAP) decreased 2.5% to $270 million Adjusted EBITDA margin (Non-GAAP) decreased 40 basis points to 14.5% Net cash provided by operating activities was robust at $282 million compared with net cash used in operating a
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 30, 2023, before the market opens on Wednesday, Sept. 6, 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 156041. To ensure participants are connected for the full call, please dial in at least 10 minutes prior t
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 30, 2023. Fiscal 2023 First Quarter Highlights (Compared with Fiscal 2022 First Quarter) Net sales decreased 1.5% to $1,574 million but increased 49.2% compared with the first quarter of fiscal 2021 Gross profit margin increased 160 basis points to 27.9% Net income decreased 2.9% to $133 million Adjusted EBITDA (Non-GAAP) increased 0.5% to $220 million Adjusted EBITDA margin (Non-GAAP) increased 30 basis points to 14.0% Net cash provided by operating activities was $120 million compared with a
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 30, 2023, before the market opens on Tuesday, June 6, 2023. Core & Main will host a conference call and webcast at 8:30 a.m. Eastern Daylight Time 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 913151. To ensure participants are connected for the full call, please dial in at least 10
8-K - Core & Main, Inc. (0001856525) (Filer)
8-K - Core & Main, Inc. (0001856525) (Filer)
10-Q - Core & Main, Inc. (0001856525) (Filer)
8-K - Core & Main, Inc. (0001856525) (Filer)
8-K - Core & Main, Inc. (0001856525) (Filer)
DEF 14A - Core & Main, Inc. (0001856525) (Filer)
DEFA14A - Core & Main, Inc. (0001856525) (Filer)
ARS - Core & Main, Inc. (0001856525) (Filer)
8-K - Core & Main, Inc. (0001856525) (Filer)
10-K - Core & Main, Inc. (0001856525) (Filer)
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
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
Citigroup resumed coverage of Core & Main with a rating of Neutral and set a new price target of $25.00
RBC Capital upgraded Core & Main from Sector Perform to Outperform and set a new price target of $33.00
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 HM Pipe Products, Inc. and HM Pipe Products Kitchener Inc. (collectively, HM Pipe Products), a Canadian distributor of water and wastewater products. "With our expansion into Canada, we will achieve a key milestone for Core & Main. The team at HM Pipe Products has extensive market knowledge, an excellent reputation in the industry and strong customer connections," said Steve LeClair, chair and CEO of Core & Main. "We plan to utilize our collective resources and combined expertise to address Canada's
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, announces changes to its executive leadership team. Jack Schaller, president, has announced that he will transition to a role as executive vice president. Given the strong performance under his leadership, Schaller has committed to ensuring the ongoing success and continued growth of the business. As part of this transition, Schaller will continue supporting the integration of our newly acquired businesses, leading supplier relations and assisting with this organizational transition. "This transition is something I have been thinking about for some time," Schaller said. "I've grown
Core & Main Inc. (NYSE:CNM) ("Core & Main" or the "Company"), a leader in advancing reliable infrastructure with local service, nationwide, announced today that its board of directors has authorized the repurchase of up to $500 million of the Company's outstanding shares of Class A common stock (the "Repurchase Authorization"). "We remain confident in our ability to grow faster than our end markets, while expanding profitability and generating strong cash flow. Today's Repurchase Authorization displays our commitment to returning capital to shareholders. Our expectation of strong cash generation will allow us to continue investing in growth, both organically and inorganically, while retur
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, has closed its previously announced acquisition of substantially all of the assets of Geothermal Supply Company Inc. (GSC). GSC is a leading distributor and fabricator of high-density polyethylene (HDPE) pipe and other related products, primarily serving the geothermal, water and sewer industries from a single location in Horse Cave, Kentucky. About Core & Main Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a leading specialized distributor with a focus on water, wastewater, storm drainage and fire protection pr
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, announced today that James D. Hope has been appointed to its board of directors. Hope has extensive experience, having held several executive level roles in the areas of finance, sales and operations, in addition to public company board experience. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501837729/en/Core & Main Elects James D. Hope to Board (Photo: Business Wire) "We are very pleased to welcome Jim to our board," said Steve LeClair, chair and CEO of Core & Main. "Jim is a proven leader who has helped create value
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 Geothermal Supply Company Inc. (GSC). GSC is a leading distributor and fabricator of high-density polyethylene (HDPE) pipe and other related products, primarily serving the geothermal, water and sewer industries from a single location in Kentucky. "Adding GSC to the Core & Main family will create exciting new opportunities for us in an important and expanding area for HDPE. The GSC team's wealth of knowledge and expertise in the industry fit in well with our existing fusible product offering, and we
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, has closed on its previously announced acquisition of NW Geosynthetics Inc., doing business as ACF West Inc. ACF West is a leading distributor of geosynthetic materials and provider of soil stabilization solutions with six locations across Oregon, Washington, Idaho and Utah. About Core & Main Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a leading specialized distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municip
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
Core & Main Inc. (NYSE:CNM), a leader in advancing reliable infrastructure with local service, nationwide, announces changes to its executive leadership team.Jack Schaller, president, has announced that he will transition to a role as executive vice president. Given the strong performance under his leadership, Schaller has committed to ensuring the ongoing success and continued growth of the business. As part of this transition, Schaller will continue supporting the integration of our newly acquired businesses, leading supplier relations and assisting with this organizational transition.
U.S. stocks were higher, with the Nasdaq Composite gaining over 250 points on Wednesday. Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) rose sharply during Wednesday's session after the company reported better-than-expected quarterly financial results. Also, the company increased its quarterly dividend. Sales of $3.60 billion exceeded the street view of $3.48 billion. EPS of $2.34 beat the consensus of $1.72, according to data from Benzinga Pro. Casey’s General Stores shares jumped 16.5% to $380.41 on Wednesday. Here are some other big stocks recording gains in today’s session. Avidity Biosciences, Inc. (NASDAQ:RNA) surged 27% to $36.56 after the company announced initi
Core & Main's (NYSE:CNM) short percent of float has fallen 6.86% since its last report. The company recently reported that it has 6.77 million shares sold short, which is 6.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.99 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
RBC Capital analyst Mike Dahl reiterates Core & Main (NYSE:CNM) with a Outperform and maintains $60 price target.
Throughout the last three months, 10 analysts have evaluated Core & Main (NYSE:CNM), offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 3 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 3 3 3 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $57.7, a high estimate of $65.00, and a low estimate of $38.00. Surpassing the previous average price target of $51.22,