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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 Completes Acquisition of Enviroscape

Rhea-AI Summary
Core & Main Inc. (CNM) has successfully completed the acquisition of Enviroscape ECM, Ltd. and its affiliated entities, expanding its portfolio in geosynthetics and erosion control products.
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1.17%
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News

Core & Main to Announce Fiscal 2023 Third Quarter Results

Rhea-AI Summary
Core & Main Inc. (CNM) will release its financial results for the third fiscal quarter on October 29, 2023, before the market opens on Tuesday, Dec. 5, 2023. The company will host a conference call and webcast to discuss the results. The live webcast will be accessible via the events calendar at ir.coreandmain.com. Investors can also access the conference call by dialing (833) 470-1428 or +1 (404) 975-4839 (international) with the passcode 916295. An archived version of the webcast will be available immediately following the call.
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Rhea-AI Sentiment
End-of-Day
0.94%
Tags
earnings
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News

Core & Main Signs Agreement to Acquire Lee Supply Company Inc.

Rhea-AI Summary
Core & Main Inc. (NYSE: CNM) has announced its definitive agreement to acquire the assets of Lee Supply Company Inc., a leading distributor and fabricator of HDPE pipe and related services. Lee Supply's expertise in HDPE products and services, including fusion equipment rentals and custom fabrication, will enhance Core & Main's offerings. The acquisition aims to expand Core & Main's nationwide presence in the HDPE industry, benefiting from Lee Supply's strong legacy and customer relationships.
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Rhea-AI Sentiment
End-of-Day
1.86%
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acquisition
News

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

Rhea-AI Summary
Core & Main Inc. (CNM) Added to S&P MidCap 400 Index
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1.56%
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News

Core & Main Signs Agreement to Acquire Granite Water Works Inc.

Rhea-AI Summary
Core & Main Inc. (CNM) to Acquire Granite Water Works Inc., Expanding Water, Wastewater, and Storm Drainage Product Offerings in Minnesota
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2.09%
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News

Core & Main Announces Secondary Offering and Share Repurchase

Rhea-AI Summary
Core & Main Inc. announces the launch of a secondary public offering of 19 million shares of its Class A common stock by certain selling stockholders. The underwriter has an option to purchase up to an additional 2.85 million shares. Core & Main is not offering any shares and will not receive any proceeds. Concurrently, it expects to repurchase and redeem shares and partnership interests from the selling stockholders. Citigroup is the sole underwriter.
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-0.9%
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News

Core & Main Announces Preliminary Fiscal 2023 Third Quarter Results

Rhea-AI Summary
Core & Main Inc. announces preliminary estimated financial results for the third fiscal quarter ended October 29, 2023. Net sales are estimated to be between $1,822 million and $1,832 million. Net income is estimated to be between $153 million and $163 million. Adjusted EBITDA is estimated to be between $257 million and $263 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.04%
Tags
earnings
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News

Core & Main Signs Agreement to Acquire Enviroscape

Rhea-AI Summary
Core & Main Inc. has agreed to acquire Enviroscape ECM, Ltd., a provider of geosynthetics and erosion control products. This strategic opportunity will expand Core & Main's geosynthetics reach and capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
acquisition
-
News

Core & Main Hosts 2023 Investor Day and Introduces Long-Term Financial Targets

Rhea-AI Summary
Core & Main Inc. will host an Investor Day in New York City today, presenting their business strategy and financial objectives. They are introducing new annual financial targets through fiscal 2028.
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6.13%
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News

Core & Main Announces Secondary Offering and Share Repurchase

Rhea-AI Summary
Core & Main Inc. announces underwritten secondary public offering of 18 million shares of its Class A common stock
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Rhea-AI Sentiment
End-of-Day
-4.14%
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FAQ

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

The current stock price of Core & Main (CNM) is $45.27 as of November 22, 2024.

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

The market cap of Core & Main (CNM) is approximately 8.7B.

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

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

CNM Stock Data

8.75B
191.96M
0.34%
108.03%
6.57%
Industrial Distribution
Wholesale-durable Goods, Nec
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United States of America
ST. LOUIS