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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 announced the acquisition of Lock City Supply Inc., a distributor of water and wastewater products based in New York. This strategic move aims to enhance customer service and expand market reach.
Lock City Supply, established in 1973, is recognized for its dependable service and expertise in the municipal market. The acquisition supports Core & Main’s commitment to delivering quality infrastructure solutions across the U.S., backed by a robust supply chain and local expertise.
Core & Main, Inc. (NYSE: CNM) reported strong financial results for Q4 and fiscal year 2021, marked by a 50% increase in net sales to $1,246 million and a net income rise to $79 million. For the full year, net sales reached $5,004 million, a 37% increase, with net income rising to $225 million. The company improved gross profit margins and completed strategic acquisitions, including Catalone Pipe & Supply Co. and Dodson Engineered Products. Looking ahead, CNM expects net sales growth in the high single to low double-digit range for fiscal 2022.
Core & Main, Inc. (NYSE: CNM) will announce its financial results for Q4 and fiscal year ending January 30, 2022, before the market opens on March 30, 2022. A conference call and webcast are scheduled for 8:30 a.m. EDT on the same day to discuss these results. The live event can be accessed via the Investor Relations section of their website. Core & Main, based in St. Louis, specializes in the distribution of water, wastewater, and fire protection products, operating approximately 300 locations nationwide.
Core & Main, a leading distributor in water-related products, has successfully completed the acquisition of substantially all assets from Dodson Engineered Products in Colorado. This strategic move is expected to enhance Core & Main's service offerings in the region. Dodson, with over 80 years of experience, specializes in water supply and sewage collection products. The acquisition aims to leverage Dodson's local expertise to improve customer service and expand product offerings, thereby reinforcing Core & Main's commitment to sustainable infrastructure development.
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.
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