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Core & Main, Inc. - CNM STOCK NEWS

Welcome to our dedicated page for Core & Main news (Ticker: CNM), a resource for investors and traders seeking the latest updates and insights on Core & Main stock.

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.

News

Core & Main Signs Agreement to Acquire EGW Utilities Inc.

Rhea-AI Summary
Core & Main Inc. (CNM) announces the acquisition of EGW Utilities, Inc., expanding its product offerings in the underground utility industry. The deal brings together two teams with deep expertise, creating growth opportunities and value for customers.
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0.23%
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Core & Main Promotes Jeff Giles to Executive Vice President, Corporate Development

Rhea-AI Summary
Core & Main Inc. promotes Jeff Giles to executive vice president, corporate development, recognizing his significant contributions in building a successful corporate development organization. Giles will continue leading the company's strategy and growth initiatives, overseeing mergers and acquisitions. Core & Main has completed over 30 acquisitions under Giles' leadership, deploying around $1.6 billion of capital.
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1.87%
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Core & Main Announces Fiscal 2023 Fourth Quarter and Full-Year Results

Rhea-AI Summary
Core & Main Inc. (CNM) announces strong financial results for Q4 and fiscal year 2023, with net sales reaching $6.7 billion, net income of $531 million, and Adjusted EBITDA of $910 million. Despite challenges, the company made significant investments in growth, acquisitions, and share repurchases.
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7.5%
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Core & Main Signs Agreement to Acquire ACF West Inc.

Rhea-AI Summary
Core & Main Inc. (CNM) has announced the acquisition of NW Geosynthetics Inc., known as ACF West Inc., a prominent distributor of geosynthetic materials in the western United States. The acquisition aims to expand Core & Main's geosynthetics footprint, distribution reach, and product offerings in the region.
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2.2%
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Core & Main Completes Acquisition of Dana Kepner

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Core & Main Inc. (CNM) has successfully completed the acquisition of Dana Kepner Company LLC, expanding its reach in water, wastewater, and geotextile product distribution across multiple states.
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1.52%
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Core & Main to Announce Fiscal 2023 Fourth Quarter and Full-Year Results

Rhea-AI Summary
Core & Main Inc. (CNM) will release its Q4 and fiscal year 2024 financial results on March 19, 2024. A conference call and webcast will follow to discuss the results, accessible via ir.coreandmain.com.
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1.75%
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Core & Main Completes Acquisition of Eastern Supply

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Core & Main Inc. (CNM) has completed the acquisition of Eastern Supply Inc., expanding its reach in storm drainage products with custom fabrication capabilities.
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News

Core & Main Elects Stephen LeClair as Chairman of Board as Clayton, Dubilier & Rice Sells Remaining Stake

Rhea-AI Summary
Core & Main Inc. (NYSE: CNM) announced the election of Stephen O. LeClair as the new chairman of the board, effective immediately. LeClair will continue serving as CEO. James G. Castellano will serve as lead independent director, and Kathleen M. Mazzarella will serve as chair of the nominating and governance committee. Affiliates of Clayton, Dubilier & Rice (CD&R) have resigned from Core & Main’s board after serving since 2017, when CD&R assumed a majority stake in Core & Main. CD&R sold its remaining stake in Core & Main in January 2024.
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Littlejohn & Co. to Sell Dana Kepner to Core & Main

Rhea-AI Summary
Littlejohn & Co. LLC has entered into a definitive agreement to sell Dana Kepner Company, LLC to Core & Main Inc. Dana Kepner is a leading water and wastewater distributor serving eight states, with a network of nineteen branches. Under Littlejohn's ownership, the Company has nearly doubled revenue and completed two strategic acquisitions. The acquisition is subject to regulatory approval and other customary closing conditions.
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News

Core & Main Signs Agreement to Acquire Dana Kepner

Rhea-AI Summary
Core & Main Inc. (CNM) has announced the acquisition of Dana Kepner Company LLC, a distributor of water, wastewater, storm drainage, and geotextile products, along with specialty tools and accessories. The deal is subject to regulatory approval and customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
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FAQ

What is the current stock price of Core & Main (CNM)?

The current stock price of Core & Main (CNM) is $43.245 as of November 1, 2024.

What is the market cap of Core & Main (CNM)?

The market cap of Core & Main (CNM) is approximately 8.4B.

What does Core & Main, Inc. specialize in?

Core & Main, Inc. specializes in distributing water, wastewater, storm drainage, and fire protection products and services across the U.S.

Who are Core & Main’s primary customers?

Core & Main primarily caters to municipalities, private water companies, and contractors involved in public works and private construction.

What types of products does Core & Main, Inc. offer?

Core & Main offers a wide range of products including pipes, valves, fittings, storm drainage products, fire protection products, and meter products.

Which markets does Core & Main serve?

Core & Main serves municipal, non-residential, and residential markets nationwide.

What are Core & Main’s key revenue sources?

Core & Main’s key revenue sources are primarily from the sale of pipes, valves, and fittings.

How does Core & Main support infrastructure development?

Core & Main supports infrastructure development by providing essential products for building, repairing, and maintaining water systems.

What recent achievements has Core & Main, Inc. accomplished?

Core & Main has recently achieved significant milestones, including strategic partnerships and expansion projects to enhance their service capabilities and product offerings.

What sectors does Core & Main operate in?

Core & Main operates in three primary construction sectors: municipal, non-residential, and residential.

How does Core & Main ensure quality in their products?

Core & Main is committed to innovation and quality, continuously enhancing their product offerings to meet the evolving needs of their customers.

What is Core & Main’s role in the waterworks industry?

Core & Main is a key player in the waterworks industry, providing crucial infrastructure products and services that support sustainable development.

Stock CNM logo
Core & Main, Inc.

NYSE:CNM

CNM Rankings

#941 Ranked by Market Cap
N/A Ranked by Dividends

CNM Stock Data

8.43B
192.65M
0.34%
107.45%
6.33%
Industrial Distribution
Wholesale-durable Goods, Nec
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United States of America
ST. LOUIS