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 |
|---|---|---|---|
| 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 |
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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)
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)
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SC 13G/A - Core & Main, Inc. (0001856525) (Subject)
SC 13G - Core & Main, Inc. (0001856525) (Subject)
10-Q - Core & Main, Inc. (0001856525) (Filer)
8-K - Core & Main, Inc. (0001856525) (Filer)
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)
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
Citigroup resumed coverage of Core & Main with a rating of Neutral and set a new price target of $25.00
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 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
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 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 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 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. (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 Green Equipment Company, a provider of underground utility protection equipment with a single location in Fort Worth, Texas. 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 municipalities, private water companies and professional contractors acros
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 GroGreen Solutions Georgia, LLC, a leading provider of erosion control products with four locations, two in Georgia, one in Florida and one in Mississippi. 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 municipalities, private water companies and
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, has entered into a definitive agreement to acquire substantially all the assets of Green Equipment Company, a provider of underground utility protection equipment, based in Fort Worth, Texas. "Green Equipment Company's expertise and solid presence in the underground utility industry across the southwest and southeast United States are strong complements to our existing product portfolio and present Core & Main with new opportunities for growth," said Steve LeClair, chair and CEO of Core & Main. Founded in 1982, Green Equipment Company is a distributor of damage prevention, utility
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,
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, 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,