Core & Main

Core & Main, Inc. operates as a distributor of water, wastewater, storm drainage and fire protection products, and related services. It provides its services to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets nationwide. The firm’s specialty products and services are used in the maintenance, repair, replacement, and construction of water, and fire protection infrastructure. Its products include pipes, valves, fittings, storm drainage products, fire protection products, meter products and other products for use in the construction, maintenance and repair of water, and waste-water systems as well as fire protection systems. The company was founded on April 9, 2021 and is headquartered in St. Louis, MO.

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CNM reports robust Q1 results, poised for above-market growth

CNM's Q1 2023 performance reflects strong sales growth and a focus on capital allocation, despite challenges in certain market segments. The company's financial strength is evident through its record operating cash flow and solid liquidity position. Looking ahead, CNM is poised for above-market growth and aims to capitalize on value creation opportunities through its growth strategy.

CNM reports solid Q2 performance, raises EBITDA guidance

CNM's Q2 performance was solid, with a focus on inventory optimization and strategic acquisitions. While facing challenges in certain sectors, the company is leveraging opportunities to improve margins and sustain pricing.

CNM reports stable Q3 performance, eyes growth and margin improvement

CNM's Q3 performance showcased stability and positive financial results, driven by strong cash generation and strategic acquisitions. While facing challenges in certain sectors, the company is focused on leveraging opportunities for growth and margin improvement in 2024.

Core & Main reports record sales in 2022, eyes growth opportunities

Core & Main's fiscal 2022 performance was strong, with a focus on organic growth and margin initiatives. Fiscal 2023 poses challenges with softer demand and gross margin normalization. However, the company's strong balance sheet, growth opportunities, and strategic investments position it well for the future.

Core & Main reports solid Q1 performance and raises FY guidance

Core & Main's Q1 performance showcased resilience with strong margins and cash flow. Despite challenges in residential volumes, the company is optimistic about long-term industry fundamentals. With a focus on growth and prudent capital allocation, Core & Main is well-positioned for future opportunities.

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Core & Main, Inc. is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide. The company was founded in 1874 and is headquartered in St. Louis, MO.

Core & Main Inc (NYSE: CNM) is likely to be impacted by a minimal increase in spending in 2022 with delays in project starts, according to BofA Securities. The Core & Main Analyst: Andrew Obin downgraded the rating for Core & Main from Neutral to Underperform, while reducing the price target from $31 to $25.

BofA Downgrades Core & Main On What Near-Term Headwinds?

Core & Main (CNM) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why Core & Main (CNM) Looks Ripe for Bottom Fishing

Core & Main (CNM) is benefiting from solid demand across each of its end markets.

Here's Why You Should Consider Core & Main (CNM) Stock Now

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Pricing of Secondary Offering

Core & Main Announces Pricing of Secondary Offering

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Launch of Secondary Offering

Core & Main Announces Launch of Secondary Offering

Core & Main (CNM) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.

Surging Earnings Estimates Signal Good News for Core & Main (CNM)

My original investment thesis continues to hold up well due to strong fundamentals in the infrastructure and construction market as well as management's sound strategy and execution.

Core & Main: Strong Quarter But Pullback Over Commodity Price Concerns May Be Buy Opportunity

Core & Main (CNM) has been struggling lately, but the selling pressure may be coming to an end soon.

Core & Main (CNM) Sees Hammer Chart Pattern: Time to Buy?

Credit Suisse analyst Jamie Cook raised Core & Main Inc (NYSE:CNM) price target to $40 (an upside of 42%) from $33 and maintained an Outperform rating on the shares. Cook notes that Core & Main was up after beating consensus revenue, EBITDA, and margin estimates, while raising full-year 2021 guidance despite most industrial companies challenged with supply chain and price cost.

Read How Analysts Reacted To Core & Main's Q3 Results

Core & Main's (CNM) CEO Steve LeClair on Q3 2021 Results - Earnings Call Transcript

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Fiscal 2021 Third Quarter Results

Core & Main Announces Fiscal 2021 Third Quarter Results

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2021 Third Quarter Results

Core & Main to Announce Fiscal 2021 Third Quarter Results

ST. LOUIS--(BUSINESS WIRE)--Core & Main expands waterworks footprint in Pennsylvania.

Core & Main Completes Acquisition of Catalone Pipe & Supply

Core & Main is one of two national players in the waterworks and fire protection product distribution oligopoly. Investing alongside CD&R, a leading private equity firm with extensive experience in building materials and distribution businesses.

Core & Main: Investing In Growing Industry Consolidator Alongside Proven Private Equity Firm

ST. LOUIS--(BUSINESS WIRE)--Core & Main signs deal to expand waterworks presence in Pennsylvania and add custom concrete catch basin product offering.

Core & Main Signs Definitive Agreement to Acquire Catalone Pipe & Supply

ST. LOUIS--(BUSINESS WIRE)--Core & Main adds expertise in fusible pipe applications with acquisition of CES Industrial Piping Supply.

Core & Main Completes Acquisition of CES Industrial Piping Supply, LLC

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces its Addition to the Russell 1000® Index

Core & Main Announces its Addition to the Russell 1000® Index

Core & Main Inc. (NYSE: CNM) agreed to acquire substantially all of the assets of CES Industrial Piping Supply, a full-service provider of HDPE (high-density polyethylene) products and services, based in Kansas City, Missouri. The financial terms of the deal were not disclosed.

Core & Main To Acquire CES Industrial Piping Supply For Undisclosed Sum

ST. LOUIS--(BUSINESS WIRE)--Core & Main to expand HDPE products and services.

Core & Main Signs Definitive Agreement to Acquire CES Industrial Piping Supply

RBC Capital analyst Mike Dahl raised Core & Main Inc (NYSE:CNM) price target to $30 (implying an upside of 8.8%) from $28 and maintained a Sector Perform rating on the shares.  Dahl states company's near-term earnings momentum likely remains favorable given continued demand strength and pricing support amid accelerating supply shortages.

Core & Main Price Target Raised At RBC Capital, Credit Suisse After Q2 Results

Core & Main Sees Price Target Bumps From RBC Capital, Credit Suisse After Q2 Performance

Core & Main, Inc. (CNM) CEO Steve LeClair on Q2 2021 Results - Earnings Call Transcript

Core & Main Inc (NYSE: CNM) reported second-quarter FY21 sales growth of 35.7% year-over-year to ~$1.29 billion, attributable to strong volume growth and price inflation, with price inflation representing approximately half of the net sales increase. The gross margin expanded by 100 bps to 25.1%, reflecting sourcing and pricing improvements.

Core & Main Clocks 36% Sales Growth In Q2, Notes Margin Expansion

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Fiscal 2021 Second Quarter Results

Core & Main Announces Fiscal 2021 Second Quarter Results

ST. LOUIS--(BUSINESS WIRE)--Core & Main, Inc. (NYSE: CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, today announced that it will issue its unaudited financial results for the second fiscal quarter ended Aug. 1, 2021 before the market opens on Sept. 14, 2021. A conference call and webcast will be hosted by Steve LeClair, chief executive officer, Mark Witkowski, chief financial officer, and Robyn Bradbury, vice

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