Core & Main Added to the S&P MidCap 400® Index

Rhea-AI Summary

Core & Main Inc. (CNM) Added to S&P MidCap 400 Index

Positive

• Core & Main Inc. has been added to the S&P MidCap 400 Index, a significant milestone for the company's market presence and visibility.
• Inclusion in the S&P MidCap 400 Index reflects Core & Main Inc.'s strong performance and distinctive risk and return characteristics within the mid-sized companies market segment.

Negative

• None.

ST. LOUIS--(BUSINESS WIRE)-- Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, today announced that it has been added to Standard & Poor’s (“S&P”) MidCap 400^® Index effective today. The company is classified under S&P’s Industrials sub-industry index.

The S&P MidCap 400^® is designed to measure the performance of 400 mid-sized companies, reflecting distinctive risk and return characteristics of this market segment.

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 across municipal, non-residential and residential end markets, nationwide. With approximately 320 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. Core & Main’s 4,500 associates are committed to helping their communities thrive with safe and reliable infrastructure. Visit coreandmain.com to learn more.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning Core & Main’s financial and operating outlook, as well as any other statement that does not directly relate to any historical or current fact. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. These forward-looking statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231112140130/en/

Investor Relations:

Robyn Bradbury, 314-995-9116

InvestorRelations@CoreandMain.com

Source: Core & Main, Inc.

FAQ

What is the significance of Core & Main Inc. being added to the S&P MidCap 400 Index?

Core & Main Inc. being added to the S&P MidCap 400 Index is a significant milestone, reflecting the company's strong performance and distinctive risk and return characteristics within the mid-sized companies market segment.

How does the S&P MidCap 400 Index measure company performance?

The S&P MidCap 400 Index is designed to measure the performance of 400 mid-sized companies, reflecting distinctive risk and return characteristics of this market segment.

What is the classification of Core & Main Inc. under the S&P MidCap 400 Index?

Core & Main Inc. is classified under S&P's Industrials sub-industry index within the S&P MidCap 400 Index.