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Core & Main, Inc. (symbol: CNM) is a leading distributor specializing in water, wastewater, storm drainage, and fire protection products and services. Catering to municipalities, private water companies, and contractors, Core & Main plays a crucial role in supporting both public works and private construction industries nationwide. Their diverse product line, which includes pipes, valves, fittings, storm drainage products, fire protection products, and meter products, is essential for building, repairing, and maintaining water systems. These products form part of the basic municipal infrastructure required to support population and economic growth, as well as residential and commercial construction.
Core & Main operates across three primary construction sectors: municipal, non-residential, and residential. The company's revenue is predominantly generated from the sale of pipes, valves, and fittings, highlighting its strong market position in providing reliable infrastructure solutions.
Recently, Core & Main has achieved significant milestones, including strategic partnerships and expansion projects aimed at enhancing their service capabilities and product offerings. The company remains committed to innovation and quality, ensuring they meet the evolving needs of their diverse customer base.
Financially, Core & Main showcases a robust performance, with steady revenue streams from its comprehensive product line. Their ongoing projects and partnerships signify a strong growth trajectory, positioning the company as a vital player in the infrastructure sector.
In summary, Core & Main, Inc. is indispensable in the waterworks industry, providing critical infrastructure products and services that support sustainable development across various markets in the United States.
Core & Main (NYSE: CNM) has completed its acquisition of Eastcom Associates, a distributor of underground utility protection equipment based in Branchburg, New Jersey. The acquisition, which was previously announced, involves substantially all of Eastcom's assets. Eastcom operates from a single location and specializes in underground utility protection equipment distribution.
Core & Main Inc. (NYSE: CNM), a leading specialty distributor of infrastructure products, has announced a definitive agreement to acquire ARGCO Northeast , a fire protection products distributor based in Saddle Brook, New Jersey. This acquisition aims to enhance Core & Main's expertise in fire protection and expand its product and service offerings.
Mike Huebert, president of Core & Main, emphasized the alignment of ARGCO Northeast's commitment to partnership with Core & Main's values. Richard Dehn, general manager of ARGCO Northeast, expressed excitement about joining forces with an industry leader and the potential benefits for customers and associates, including expanded resources and career development opportunities.
Core & Main Inc. (NYSE: CNM) has entered into a definitive agreement to acquire substantially all the assets of Eastcom Associates Inc., a distributor of underground utility protection equipment based in Branchburg, New Jersey. Eastcom has been operating since 1972, serving surveyors and contractors in 13 states with damage prevention equipment, training, and service.
Mike Huebert, president of Core & Main, expressed excitement about the acquisition, highlighting Eastcom's product and service knowledge in a growing product area for Core & Main. Dennis Cinelli, general manager of Eastcom Associates, emphasized the company's 50-year commitment to being a dependable partner and believes the alignment with Core & Main will create new opportunities for success and growth.
Core & Main Inc. (NYSE: CNM), a leading provider of reliable infrastructure solutions with nationwide local service, has successfully completed its acquisition of Green Equipment Company. This strategic move involves acquiring substantially all assets of Green Equipment Company, a specialized provider of underground utility protection equipment based in Fort Worth, Texas. The acquisition, which was previously announced, strengthens Core & Main's position in the infrastructure sector and expands its product offerings in the critical area of utility protection.
Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service nationwide, has completed its acquisition of substantially all assets of GroGreen Solutions Georgia, GroGreen Solutions is a leading provider of erosion control products with four locations across three states: two in Georgia, one in Florida, and one in Mississippi. This acquisition, previously announced, marks a significant expansion for Core & Main in the erosion control market and strengthens its presence in the southeastern United States.
Core & Main (NYSE: CNM) reported its fiscal 2024 second quarter results, showing net sales growth of 5.5% to $1,964 million. However, the company faced challenges, with net income decreasing 23.2% to $126 million and diluted earnings per share dropping 7.6% to $0.61. The company's performance was impacted by project delays due to wet weather conditions and lower end-market volumes. Despite these challenges, Core & Main's meter initiative showed strong growth of 48%. The company acquired five new businesses during and after the quarter, expanding its geographical reach and product lines. Core & Main also announced a $500 million share repurchase program, demonstrating its commitment to returning capital to shareholders.
Core & Main Inc. (NYSE: CNM), a leading provider of reliable infrastructure solutions, has announced it will release its fiscal 2024 second quarter financial results on Wednesday, September 4, 2024, before the market opens. The company will host a live conference call and webcast at 8:30 a.m. ET on the same day to discuss the results.
Investors can access the webcast through the events calendar on Core & Main's investor relations website. For those preferring to join by phone, the dial-in numbers are 833-470-1428 (US) or +1-404-975-4839 (international), with passcode 823702. Participants are advised to dial in at least 10 minutes before the call starts. An archived version of the webcast and a slide presentation highlighting the results will be available on the company's website following the call.
Core & Main Inc. (NYSE: CNM), a leader in reliable infrastructure, has agreed to acquire Green Equipment Company, a provider of underground utility protection equipment based in Fort Worth, Texas. Green Equipment Company, founded in 1982, distributes damage prevention, utility locating, and wastewater inspection equipment across eight states. This acquisition is expected to enhance Core & Main's product portfolio and present new growth opportunities in the southwest and southeast United States.
The acquisition aligns with Core & Main's focus on delivering high-quality products with superior customer service. It is anticipated to strengthen Core & Main's ability to provide comprehensive solutions for underground utility needs. The deal's financial terms were not disclosed in the press release.
Core & Main Inc. (NYSE: CNM), a leading provider of reliable infrastructure solutions with nationwide local service, has completed its acquisition of HM Pipe Products. This Canadian distributor of water and wastewater products operates from two locations in London and Kitchener, Ontario. The acquisition, previously announced, marks Core & Main's expansion into the Canadian market, potentially strengthening its position in the water infrastructure industry. While specific financial details were not disclosed, this strategic move could enhance Core & Main's product offerings and geographical reach in North America.
Core & Main Inc. (NYSE: CNM) has announced a definitive agreement to acquire GroGreen Solutions Georgia, , a leading provider of erosion control products. GroGreen, established in 2008, operates from four locations across the southeastern United States, offering a comprehensive portfolio of erosion control and geotextile products for professional and industrial projects.
The acquisition is expected to complement Core & Main's existing geosynthetics product portfolio and accelerate growth in the Southeast region. GroGreen's strong presence and distribution capabilities in the area are seen as key assets. Core & Main's leadership views the acquisition as a strategic fit, citing GroGreen's commitment to superior service and high-quality products as aligning with their own business values.
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