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 (NYSE: CNM) has announced the acquisition of Lock City Supply Inc., a distributor of water and wastewater products based in New York. This strategic move aims to enhance customer service and expand market reach.
Lock City Supply, established in 1973, is recognized for its dependable service and expertise in the municipal market. The acquisition supports Core & Main’s commitment to delivering quality infrastructure solutions across the U.S., backed by a robust supply chain and local expertise.
Core & Main, Inc. (NYSE: CNM) reported strong financial results for Q4 and fiscal year 2021, marked by a 50% increase in net sales to $1,246 million and a net income rise to $79 million. For the full year, net sales reached $5,004 million, a 37% increase, with net income rising to $225 million. The company improved gross profit margins and completed strategic acquisitions, including Catalone Pipe & Supply Co. and Dodson Engineered Products. Looking ahead, CNM expects net sales growth in the high single to low double-digit range for fiscal 2022.
Core & Main, Inc. (NYSE: CNM) will announce its financial results for Q4 and fiscal year ending January 30, 2022, before the market opens on March 30, 2022. A conference call and webcast are scheduled for 8:30 a.m. EDT on the same day to discuss these results. The live event can be accessed via the Investor Relations section of their website. Core & Main, based in St. Louis, specializes in the distribution of water, wastewater, and fire protection products, operating approximately 300 locations nationwide.
Core & Main, a leading distributor in water-related products, has successfully completed the acquisition of substantially all assets from Dodson Engineered Products in Colorado. This strategic move is expected to enhance Core & Main's service offerings in the region. Dodson, with over 80 years of experience, specializes in water supply and sewage collection products. The acquisition aims to leverage Dodson's local expertise to improve customer service and expand product offerings, thereby reinforcing Core & Main's commitment to sustainable infrastructure development.
Core & Main, Inc. (NYSE: CNM) has announced its acquisition of substantially all assets of Dodson Engineered Products, Inc., a distributor of products for water, wastewater, and irrigation, based in Colorado. This strategic move aims to enhance Core & Main's reach in central and western Colorado, allowing better service to customers. Dodson, with over 50 years in the industry, is recognized for its customer service quality and local expertise. The integration is anticipated to create synergies that align with both companies’ dedication to superior service.
Core & Main (NYSE: CNM) announced the pricing of its underwritten secondary public offering of 20 million shares at $26.00 per share. Selling stockholders granted underwriters a 30-day option to purchase an additional 3 million shares. The offering will close on January 10, 2022, pending customary conditions. Notably, Core & Main will not receive any proceeds from this offering. Goldman Sachs, Credit Suisse, and J.P. Morgan serve as lead managers for the offering.
Core & Main, Inc. (NYSE: CNM) has announced a secondary public offering of 20,000,000 shares of its Class A common stock by certain selling stockholders, with an option for underwriters to purchase an additional 3,000,000 shares. The company will not receive proceeds from this offering. Leading the offering are Goldman Sachs, Credit Suisse, and J.P. Morgan. A registration statement has been filed with the SEC, but the offering will not be finalized until it becomes effective. Core & Main specializes in products related to water and wastewater services.
Core & Main (NYSE: CNM) reported robust financial results for Q3 and the first nine months of FY2021. Net sales surged 38.7% to $1.4 billion, driven by strong demand and pricing strategies. Net income soared 406% to $109.3 million, while Adjusted EBITDA rose 83.4% to $189.1 million, indicating effective margin management. The company successfully closed four acquisitions, enhancing its market position. Full-year Adjusted EBITDA guidance was raised to $560-$580 million, reflecting confidence in ongoing demand despite supply chain challenges.
Core & Main, Inc. (NYSE: CNM) will release its unaudited financial results for the third fiscal quarter and nine months ending October 31, 2021, on December 7, 2021, before market opening. A conference call and webcast to discuss these results will take place at 8:30 a.m. EST on the same day. Investors can access the live call by dialing (844) 200-6205 or through its Investor Relations website. The archived webcast and a presentation highlighting key performance indicators will also be made available post-call.
Core & Main (NYSE: CNM) has completed the acquisition of substantially all assets of Catalone Pipe & Supply Co. based in Pennsylvania. This strategic move aims to enhance Core & Main's waterworks product offerings in the Northeast region, leveraging Catalone's expertise in custom concrete catch basins. The acquisition is expected to bolster customer service and efficiency in project delivery, aligning with Core & Main's commitment to sustainable infrastructure.