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, and it's a testament to the strength of our business model combined with the dedication and expertise of our associates servicing their communities."
Core & Main became an independent company in 2017, delivering significant growth and profitability both organically and through 41 acquisitions. It began trading on the New York Stock Exchange, following its IPO in 2021, most recently posting $7.4 billion in revenue in FY24.
"This recognition further shows we have the right strategy, people and offerings in place to deliver long-term growth," Witkowski said. "Our work is far from done, as there is an enormous opportunity and need to repair and upgrade water infrastructure for future generations. We take that responsibility very seriously, alongside our loyal customers and trusted suppliers. We thank everyone who has contributed to our success and shared in our vision to advance reliable infrastructure."
The Fortune 500 is an annual ranking of the largest U.S. companies by total revenue, published by Fortune magazine.
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 contractors across municipal, non-residential and residential end markets, nationwide. With more than 370 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. Core & Main's 5,700 associates are committed to helping their communities thrive with safe and reliable infrastructure. Visit coreandmain.com to learn more.
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This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, all statements other than statements of historical facts contained in this press release, including statements relating to our intentions, beliefs, assumptions or current expectations concerning, among other things, our future results of operations and financial position, business strategy and plans and objectives of management for future operations, including, among others, statements regarding expected growth, future capital expenditures, capital allocation and debt service obligations, and the anticipated impact on our business. Some of the forward-looking statements can be identified by the use of forward-looking terms such as "believes," "expects," "may," "will," "shall," "should," "would," "could," "seeks," "aims," "projects," "is optimistic," "intends," "plans," "estimates," "anticipates" or the negative versions of these words or other comparable terms.
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