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. (NYSE: CNM) is a St. Louis-based specialty distributor focused on water, wastewater, storm drainage and fire protection products and related services. This news page aggregates company announcements, earnings releases and transaction updates so readers can follow how Core & Main’s distribution network and infrastructure-focused business evolve over time.
According to its public statements, Core & Main serves municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. News about the company often highlights its role in advancing reliable infrastructure with local service, nationwide, and the performance of product categories such as pipes, valves and fittings, storm drainage products, fire protection products and meter products.
Investors and industry followers can use this page to review quarterly and annual financial results, including metrics like net sales, gross profit, net income, Adjusted EBITDA and operating cash flow as reported in Core & Main’s earnings press releases. Coverage also includes updates on acquisitions and geographic expansion, such as the completed acquisition of Canada Waterworks in Canada and the agreement to acquire Pioneer Supply in Oklahoma and Texas, as well as the opening of new locations in markets the company identifies as priorities.
Additional news items may address capital allocation decisions, including changes to the company’s share repurchase authorization, and corporate governance developments, such as annual meeting results or executive transitions disclosed in filings and press releases. For users tracking CNM stock, this page offers a centralized view of Core & Main’s publicly released information, from infrastructure-focused growth initiatives to shareholder-related announcements.
Core & Main, Inc. (NYSE: CNM), a specialized distributor of water, wastewater, storm drainage, and fire protection products, will release its financial results for the second fiscal quarter and six months ended July 31, 2022, before market opening on September 13, 2022. The company will conduct a conference call at 8:30 a.m. EDT to discuss these results. Details for accessing the call and an archived version will be available on their Investor Relations website. Core & Main operates approximately 300 locations nationwide, supported by its workforce of 4,100 associates.
Core & Main, Inc. (NYSE: CNM) has announced its acquisition of the municipal waterworks division of Trumbull Industries, a key player in the waterworks sector for over 100 years. This strategic move is expected to enhance Core & Main's service offerings and strengthen customer relationships. The acquisition includes four branches located in Ohio and Pennsylvania, facilitating access to a broader product range. The transaction aims to capitalize on synergies between the two companies, focusing on exemplary customer service and product quality.
Core & Main, Inc. (NYSE: CNM) has finalized its acquisition of Inland Water Works Supply Co., enhancing its presence in Southern California. This strategic move aims to bolster customer service and expand their product offerings in the water and wastewater distribution sector. Inland Water Works Supply has a strong history of customer relations, which aligns with Core & Main's commitment to service excellence. The acquisition is expected to strengthen Core & Main's market position, supporting its growth in municipal and utility markets.
Core & Main (NYSE: CNM) has announced the acquisition of substantially all assets of Inland Water Works Supply Co., a distributor of water and wastewater products in Southern California. This acquisition aims to enhance service capabilities and expand their customer base, combining Core & Main's resources with Inland Water Works' local expertise. With a 70-year history, Inland Water Works Supply is recognized for its commitment to service and quality.
The acquisition signifies Core & Main's strategic growth in the water product distribution sector.
Core & Main, Inc. (NYSE: CNM) has completed its acquisition of Earthsavers Erosion Control, LLC, enhancing its geosynthetics product offerings in northern California. This acquisition brings skilled associates and decades of experience to Core & Main, enabling better customer service and a broader range of products. Earthsavers specializes in erosion control materials and serves markets in California, Nevada, and Arizona. The transaction is expected to strengthen Core & Main's position in the region.
Core & Main (NYSE: CNM) reported robust financial results for Q1 fiscal 2022, with net sales surging 52% to $1,598 million. Gross profit grew 64% to $421 million, enhancing the gross margin to 26.3%. Net income skyrocketed to $137 million, up from $27 million. Adjusted EBITDA doubled to $219 million, with a margin increase to 13.7%. The company successfully improved its net debt leverage to 2.2x and remains active in M&A, having completed two acquisitions and planning another. Adjusted EBITDA guidance for fiscal 2022 is raised to $710-$750 million, indicating strong growth potential.
Core & Main (NYSE: CNM) announced its acquisition of Earthsavers Erosion Control, LLC, a geosynthetics products provider in northern California. This strategic acquisition aims to enhance Core & Main's erosion control expertise and expand its services across the western U.S. Earthsavers, established in 2009, offers high-quality erosion control products from its facilities in Woodland and Petaluma. The acquisition is expected to strengthen Core & Main's market presence and support its commitment to serving customers effectively.
Core & Main, Inc. (NYSE: CNM) will release its first fiscal quarter financial results for the period ending May 1, 2022, on June 14, 2022, before market opening. A conference call will occur at 8:30 a.m. EDT the same day to discuss these results. Investors can access the live webcast through the company’s Investor Relations page. Core & Main is a prominent distributor of water and wastewater products and services, with around 300 locations and 4,100 associates dedicated to enhancing community infrastructure nationwide.
Core & Main, Inc. (NYSE: CNM) has officially acquired substantially all assets of Lock City Supply, Inc., based in New York. This strategic acquisition aims to enhance Core & Main's presence in western New York, particularly in the Buffalo region, providing access to a new customer base and expanding service capabilities. Lock City Supply, established in 1973, is known for its comprehensive water and wastewater product offerings and strong customer relationships. The deal aligns with Core & Main's commitment to deliver high-quality products and support to local communities.
Core & Main (NYSE: CNM) has appointed Bhavani Amirthalingam to its board of directors. Amirthalingam, currently the senior vice president and chief digital information officer at Ameren Corporation, brings extensive experience in digital strategy and transformation. Her track record includes roles at Schneider Electric and World Wide Technology. The board now consists of 11 members, including six independent directors. Core & Main specializes in the distribution of water, wastewater, and fire protection products with approximately 300 locations nationwide, emphasizing customer-centric innovation.