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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.

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Core & Main Inc. to release Q2 financial results on Sept. 6, 2023
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Core & Main Inc. has announced its acquisition of J.W. D’Angelo Co., a provider of fire protection and waterworks products in Southern California. The acquisition will strengthen Core & Main's presence in the region and enhance its level of service.
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Core & Main has successfully acquired the assets of Midwest Pipe Supply, enhancing its presence in the drainage and waterworks sector in Iowa. This acquisition is expected to leverage Midwest Pipe Supply's established reputation and local expertise to expand Core & Main's service capabilities. The combined efforts aim to improve service delivery and product offerings across various sectors, including contractors and municipalities. Core & Main, based in St. Louis, operates over 320 locations nationwide, focusing on water, wastewater, and related infrastructure solutions. The acquisition is seen as a strategic move to enhance market reach and operational efficiency.

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Core & Main (NYSE: CNM) has announced a secondary public offering of 5 million shares of its Class A common stock by certain selling stockholders, with no proceeds going to the company itself. Concurrently, Core & Main plans to repurchase up to 9,377,183 shares of its Class A common stock and 5,622,817 partnership interests of its subsidiary at the same price offered to the selling stockholders. This repurchase is subject to the offering's completion, indicating a strategic move to reduce shares in circulation and potentially increase value for existing investors. J.P. Morgan Securities is the sole underwriter for this offering, which is dependent on market conditions.

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FAQ

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

The current stock price of Core & Main (CNM) is $43.58 as of November 4, 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.

Core & Main, Inc.

NYSE:CNM

CNM Rankings

CNM Stock Data

8.40B
192.65M
0.34%
107.45%
6.33%
Industrial Distribution
Wholesale-durable Goods, Nec
Link
United States of America
ST. LOUIS