Core & Main Inc Stock Price, News & Analysis

Core & Main (NYSE: CNM) has announced a definitive agreement to acquire Canada Waterworks, a Canadian distributor of water, wastewater, and storm drainage products. The acquisition targets Canada Waterworks Inc. and Canada Waterworks Ottawa Inc., expanding Core & Main's presence in Ontario through three strategic locations in Toronto, Ottawa, and Hamilton.

Established in 2014, Canada Waterworks serves contractors and municipalities in southern Ontario. The acquisition aligns with Core & Main's strategy to expand its platform in Canada, particularly in Ontario. Canada Waterworks will continue operating as a local, Canada-based business while benefiting from Core & Main's support infrastructure.

Core & Main (NYSE: CNM), a specialty distributor of infrastructure products, will release its fiscal 2025 second quarter financial results on Tuesday, September 9, 2025, before market open.

The company will host a conference call and webcast at 8:30 a.m. ET to discuss the results. Investors can access the webcast through the company's investor relations website at ir.coreandmain.com, or join by phone using the dial-in numbers 833-470-1428 (domestic) or +1-404-975-4839 (international) with passcode 530343.

Core & Main (NYSE: CNM) reported strong fiscal 2025 first quarter results with net sales increasing 9.8% to $1,911 million and net income rising 4.0% to $105 million. The company's diluted EPS grew 6.1% to $0.52, while Adjusted EBITDA increased 3.2% to $224 million. Growth was primarily driven by higher volumes and acquisitions across pipes, valves & fittings, storm drainage, and meter products segments. Gross profit increased 9.0% to $510 million, though margin slightly decreased to 26.7%. The company maintained its fiscal 2025 outlook, projecting net sales of $7,600-$7,800 million and Adjusted EBITDA of $950-$1,000 million. Core & Main also reported strong liquidity with $1,135 million available under its credit facility and continued its share repurchase program, buying back $39 million of shares at an average price of $46.64.

Core & Main (NYSE: CNM), a leading specialty distributor of water infrastructure solutions, has achieved a significant milestone by being named to the Fortune 500 list for the first time, ranking at No. 497. The company, which became independent in 2017, has demonstrated remarkable growth through both organic expansion and 41 strategic acquisitions. Since its IPO in 2021, Core & Main has shown strong financial performance, reporting $7.4 billion in revenue for FY24. Under CEO Mark Witkowski's leadership, the company has maintained 15 years of consecutive growth while focusing on addressing critical water infrastructure needs across the United States. This recognition validates their business model and positions them well to continue addressing the substantial opportunities in water infrastructure repair and upgrades.

Core & Main (NYSE: CNM), a leading specialty distributor of water infrastructure solutions, has achieved a significant milestone by being named to the Fortune 500 list for the first time, ranking at No. 497. The company, which became independent in 2017 and went public in 2021, reported $7.4 billion in revenue for FY24. Under CEO Mark Witkowski's leadership, Core & Main has demonstrated consistent growth both organically and through acquisitions, focusing on addressing critical water infrastructure needs across the United States. The company's inclusion in the Fortune 500 validates its business strategy and positions it well to continue addressing the growing demand for water infrastructure repair and upgrades.

Core & Main (NYSE: CNM), a leading specialty distributor focused on infrastructure solutions, has scheduled its fiscal 2025 first quarter earnings release for Tuesday, June 10, 2025, before market opening. The company will host a conference call and webcast at 8:30 a.m. ET to discuss the financial results for the quarter ended May 4, 2025.

Investors can access the webcast through the company's investor relations website at ir.coreandmain.com. For those joining by phone, the dial-in numbers are 833-470-1428 (domestic) or +1-404-975-4839 (international), with passcode 528579. A slide presentation will be available on the website, and an archived version of the webcast will be accessible immediately after the call.

Core & Main (NYSE: CNM) reported its fiscal 2024 Q4 and full-year results, showing mixed performance. Q4 net sales increased 17.9% to $1,698 million, while gross profit rose 17.4% to $451 million. However, Q4 net income decreased 11.8% to $67 million.

For fiscal 2024, the company achieved net sales growth of 11.0% to $7,441 million, though net income declined 18.3% to $434 million. The company maintained a gross profit margin of 26.6% and reported Adjusted EBITDA growth of 2.2% to $930 million.

Key operational highlights include completing ten acquisitions, repurchasing $176 million of shares, and generating $621 million in operating cash flow. For fiscal 2025, Core & Main projects net sales of $7,600-$7,800 million and Adjusted EBITDA of $950-$1,000 million.

The company also announced leadership changes effective March 31, 2025, with CEO Steve LeClair transitioning to executive chair, CFO Mark Witkowski becoming CEO, and Robyn Bradbury assuming the CFO role.

Core & Main (NYSE: CNM) announced key leadership changes effective March 31, 2025, as part of its long-term succession planning. Current CEO Steve LeClair will transition to executive chair, continuing to lead the board of directors while serving as a business advisor.

Current CFO Mark Witkowski, who joined in 2007 and has served as CFO since 2016, will succeed LeClair as CEO and join the board of directors. Robyn Bradbury, currently senior VP of finance and investor relations, will be promoted to CFO. Bradbury, who joined in 2009, led the company's successful IPO in 2021 and first investor day in 2023.

Under LeClair's leadership, Core & Main transformed from a division of HD Supply into a private equity-sponsored standalone business in 2017, followed by one of 2021's largest and most successful IPOs. The company has consistently delivered strong performance and value creation since then.

Core & Main (NYSE: CNM), a specialty distributor focused on infrastructure solutions, has scheduled its fiscal 2024 fourth quarter and full-year financial results announcement for March 25, 2025, before market opening. The company will host a conference call and webcast at 8:30 a.m. ET to discuss the results.

Investors can access the webcast through the company's investor relations website at ir.coreandmain.com. For those joining by phone, the dial-in numbers are 833-470-1428 (domestic) and +1-404-975-4839 (international), with passcode 121316. A slide presentation will be available on the website, and an archived version of the webcast will be accessible immediately after the call.