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.

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Host Inaugural Investor Day.

Core & Main to Host Inaugural Investor Day

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2023 Second Quarter Results.

Core & Main to Announce Fiscal 2023 Second Quarter Results

Core & Main (CNM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Core & Main (CNM) Rating Upgrade to Strong Buy

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ST. LOUIS--(BUSINESS WIRE)--Core & Main Completes Acquisition of Dangelo Co.

Core & Main Completes Acquisition of Dangelo Co.

ST. LOUIS--(BUSINESS WIRE)--Core & Main Completes Acquisition of Foster Supply.

Core & Main Completes Acquisition of Foster Supply

Core & Main (CNM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Core & Main (CNM): Time to Buy?

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What Makes Core & Main (CNM) a Strong Momentum Stock: Buy Now?

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ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire J.W. D'Angelo Co., Inc., (Dangelo Co.), a full-service provider of fire protection and waterworks products with three locations in Southern California. “Dangelo Co. is regarded as an industry-leading provider of fire protection and waterworks products throughout Southern California. Their addition to Core &.

Core & Main Signs Agreement to Acquire Dangelo Co.

Core & Main, Inc. (NYSE:CNM ) Q1 2023 Earnings Conference Call June 6, 2023 8:30 AM ET Company Participants Robyn Bradbury - Vice President, Finance, and Investor Relations Steve LeClair - Chief Executive Officer Mark Witkowski - Chief Financial Officer Conference Call Participants Kathryn Thompson - Thompson Research Group Michael Dahl - RBC Capital Market Joe Ritchie - Goldman Sachs Asher Sohnen - Citigroup David Ridley-Lane - Bank of America Operator Good morning everyone and welcome to the Core & Main First Quarter 2023 Earnings Call. My name is Karla, and I will be coordinating your call today.

Core & Main, Inc. (CNM) Q1 2023 Earnings Call Transcript

Core & Main (CNM) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.74 per share a year ago.

Core & Main (CNM) Q1 Earnings Beat Estimates

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Fiscal 2023 First Quarter Results.

Core & Main Announces Fiscal 2023 First Quarter Results

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2023 First Quarter Results.

Core & Main to Announce Fiscal 2023 First Quarter Results

ST. LOUIS--(BUSINESS WIRE)--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 Foster Supply Inc. and R.P. Foster Inc., collectively, Foster Supply, a full-service provider of precast concrete structures, pipe, drainage materials and related geosynthetics products. “Foster Supply is a long-established partner of choice for contractors and municipalit.

Core & Main Signs Agreement to Acquire Foster Supply

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CNM continues to perform well, with adjusted EBITDA exceeding expectations due to enhanced gross margins, accretive acquisitions, and a more favorable product mix. Infrastructure bill should provide significant benefits to CNM beyond FY23.

Core & Main: Another Strong Set Of Performance With Positive Outlook Post FY23

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has closed its acquisition of substantially all of the assets of Midwest Pipe Supply Inc., a distributor of drainage and waterworks products located in Clear Lake, Iowa.

Core & Main Completes Acquisition of Midwest Pipe Supply Inc.

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has closed on the acquisition of substantially all of the assets of UPSCO Inc. and two affiliated entities (UPSCO), a provider of utility infrastructure products and services headquartered in the Finger Lakes region of New York with sales offices in the Northeast, Mid-Atlantic and Midwest regions of the United States.

Core & Main Completes Acquisition of UPSCO

Core & Main, Inc. (NYSE:CNM ) Q4 2022 Earnings Conference Call March 28, 2023 8:30 AM ET Company Participants Robyn Bradbury - Vice President, Finance, and Investor Relations Steve LeClair - Chief Executive Officer Mark Witkowski - Chief Financial Officer Conference Call Participants Jamie Cook - Credit Suisse Kathryn Thompson - Thompson Research Mike Dahl - RBC Capital Markets Dave Manthey - Baird Nigel Coe - Wolfe Research Vivek Srivastava - Goldman Sachs Asher Sohnen - Citi Elizabeth Langan - Barclays Pat Baumann - JPMorgan Operator Welcome to the Core & Main Fourth Quarter 2022 Earnings Call. My name is Harry, and I'll be coordinating your call today.

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