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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, Inc. (NYSE: CNM) has announced its acquisition of substantially all assets of Dodson Engineered Products, Inc., a distributor of products for water, wastewater, and irrigation, based in Colorado. This strategic move aims to enhance Core & Main's reach in central and western Colorado, allowing better service to customers. Dodson, with over 50 years in the industry, is recognized for its customer service quality and local expertise. The integration is anticipated to create synergies that align with both companies’ dedication to superior service.
Core & Main (NYSE: CNM) announced the pricing of its underwritten secondary public offering of 20 million shares at $26.00 per share. Selling stockholders granted underwriters a 30-day option to purchase an additional 3 million shares. The offering will close on
Core & Main, Inc. (NYSE: CNM) has announced a secondary public offering of 20,000,000 shares of its Class A common stock by certain selling stockholders, with an option for underwriters to purchase an additional 3,000,000 shares. The company will not receive proceeds from this offering. Leading the offering are Goldman Sachs, Credit Suisse, and J.P. Morgan. A registration statement has been filed with the SEC, but the offering will not be finalized until it becomes effective. Core & Main specializes in products related to water and wastewater services.
Core & Main (NYSE: CNM) reported robust financial results for Q3 and the first nine months of FY2021. Net sales surged 38.7% to $1.4 billion, driven by strong demand and pricing strategies. Net income soared 406% to $109.3 million, while Adjusted EBITDA rose 83.4% to $189.1 million, indicating effective margin management. The company successfully closed four acquisitions, enhancing its market position. Full-year Adjusted EBITDA guidance was raised to $560-$580 million, reflecting confidence in ongoing demand despite supply chain challenges.
Core & Main, Inc. (NYSE: CNM) will release its unaudited financial results for the third fiscal quarter and nine months ending October 31, 2021, on December 7, 2021, before market opening. A conference call and webcast to discuss these results will take place at 8:30 a.m. EST on the same day. Investors can access the live call by dialing (844) 200-6205 or through its Investor Relations website. The archived webcast and a presentation highlighting key performance indicators will also be made available post-call.
Core & Main (NYSE: CNM) has completed the acquisition of substantially all assets of Catalone Pipe & Supply Co. based in Pennsylvania. This strategic move aims to enhance Core & Main's waterworks product offerings in the Northeast region, leveraging Catalone's expertise in custom concrete catch basins. The acquisition is expected to bolster customer service and efficiency in project delivery, aligning with Core & Main's commitment to sustainable infrastructure.
Core & Main (NYSE: CNM) has announced its acquisition of Catalone Pipe & Supply Co., a provider of waterworks products and services based in Penfield, Pennsylvania. This strategic move aims to enhance Core & Main's footprint in the Northeast region. The acquisition focuses on increasing product offerings and customer base by integrating Catalone's operations, known for their custom solutions and customer service. Core & Main currently operates multiple locations in Pennsylvania, and this acquisition is expected to strengthen its market position.
Core & Main, Inc. (NYSE: CNM) announced the completion of its acquisition of CES Industrial Piping Supply, enhancing its fusible HDPE product range in the Midwest. This strategic move allows Core & Main to leverage CES's expertise in fusible pipe applications, catering to various industries such as industrial, oil and gas, and wastewater management. The acquisition aligns with Core & Main's commitment to providing advanced solutions and expanding its market presence, while welcoming CES's skilled team into its operations.
Core & Main, Inc. (NYSE: CNM) has been included in both the Russell 1000® and Russell 3000® Indexes as part of their quarterly IPO additions. This inclusion is significant as it broadens the company's visibility to a wider audience of investors and stakeholders. The Russell U.S. Indexes are widely utilized by investment managers, with over $10 trillion in assets benchmarked against them. Core & Main, a specialized distributor of water and wastewater products, operates over 285 locations nationwide, supporting sustainable infrastructure through its dedicated team of 3,700 associates.
Core & Main (NYSE: CNM) announced it has entered into a definitive agreement to acquire CES Industrial Piping Supply, a provider of HDPE products based in Kansas City, Missouri. The acquisition is aimed at enhancing Core & Main's capabilities in high-density polyethylene (HDPE) products, offering customers comprehensive solutions in fabrication and installation. This move is anticipated to strengthen Core & Main's market presence and expand its customer base in the region.
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