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Core & Main Inc - CNM STOCK NEWS

Welcome to our dedicated news page for Core & Main (Ticker: CNM), a resource for investors and traders seeking the latest updates and insights on Core & Main.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Core & Main's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Core & Main's position in the market.

News
Littlejohn & Co. to Sell Dana Kepner to Core & Main
Rhea-AI Summary
Littlejohn & Co. LLC has entered into a definitive agreement to sell Dana Kepner Company, LLC to Core & Main Inc. Dana Kepner is a leading water and wastewater distributor serving eight states, with a network of nineteen branches. Under Littlejohn's ownership, the Company has nearly doubled revenue and completed two strategic acquisitions. The acquisition is subject to regulatory approval and other customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
Tags
none
-
News
Core & Main Signs Agreement to Acquire Dana Kepner
Rhea-AI Summary
Core & Main Inc. (CNM) has announced the acquisition of Dana Kepner Company LLC, a distributor of water, wastewater, storm drainage, and geotextile products, along with specialty tools and accessories. The deal is subject to regulatory approval and customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
Tags
acquisition
-
News
Core & Main Announces Secondary Offering and Share Repurchase
Rhea-AI Summary
Core & Main Inc. (CNM) has announced an underwritten secondary public offering of 19.8 million shares of its Class A common stock by certain selling stockholders. The company is not offering any shares in the offering and will not receive any proceeds from it. The offering is subject to market conditions, and there is no assurance as to whether or when it may be completed. Concurrently, Core & Main expects to repurchase and redeem shares from the selling stockholders at the same per share price to be paid by the underwriters. J.P. Morgan and Citigroup are acting as the joint lead book-running managers for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
buyback
News
Core & Main Completes Acquisition of Lee Supply Company Inc.
Rhea-AI Summary
Core & Main Inc. (CNM) has completed the acquisition of Lee Supply Company Inc., a leading distributor and fabricator of HDPE pipe and related services, with locations in Pennsylvania, South Carolina, and West Virginia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
Tags
acquisition
-
News
Core & Main Signs Agreement to Acquire Eastern Supply
Rhea-AI Summary
Core & Main Inc. (CNM) has entered into a definitive agreement to acquire substantially all of the assets of Eastern Supply Inc. and a related entity, a distributor of storm drainage products with custom fabrication capabilities. The acquisition is expected to enhance Core & Main's national waterworks expertise, leveraging the extensive product knowledge and fabrication capabilities of the Eastern Supply team. With close to three decades of experience, Eastern Supply has built enduring customer relationships and prides itself on delivering reliable and creative start-to-finish site solutions. The acquisition reflects Core & Main's focus on growth, collaborative associate development, and customer satisfaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
Tags
acquisition
-
News
Core & Main Announces Upsizing of Secondary Offering
Rhea-AI Summary
Core & Main Inc. (NYSE: CNM) announced the upsize of the previously announced underwritten secondary public offering by certain selling stockholders. The size of the offering increased from 15 million shares to an aggregate of 17 million shares of its Class A common stock. The offering is expected to close on January 10, 2024, subject to customary closing conditions. J.P. Morgan and Citigroup are acting as joint lead book-running managers for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
none
News
Core & Main Announces Secondary Offering and Share Repurchase
Rhea-AI Summary
Core & Main Inc. (CNM) Announces Secondary Public Offering of 15 Million Shares
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
buyback
-
News
Core & Main Announces Secondary Offering and Share Repurchase
Rhea-AI Summary
Core & Main Inc. (CNM) announced an underwritten secondary public offering of 15 million shares of its Class A common stock by certain selling stockholders, with the option to purchase an additional 2.25 million shares. The company is not offering any shares in the offering and will not receive any proceeds from it. Concurrently, Core & Main expects to repurchase and redeem 3.13 million shares of its Class A common stock and 1.87 million partnership interests of its subsidiary. Citigroup and J.P. Morgan are the joint lead book-running managers for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.15%
Tags
buyback
-
News
Core & Main Completes Acquisition of Granite Water Works Inc.
Rhea-AI Summary
Core & Main Inc. (CNM) completes acquisition of Granite Water Works Inc. assets
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.03%
Tags
acquisition
News
Core & Main Announces Fiscal 2023 Third Quarter Results
Rhea-AI Summary
Core & Main Inc. (CNM) announced financial results for the third quarter ended October 29, 2023. Net sales increased by 0.5% to $1,827 million, while gross profit margin decreased by 50 basis points to 27.0%. Net income decreased by 11.2% to $158 million, and adjusted EBITDA (Non-GAAP) decreased by 5.5% to $260 million. The company raised expectations for fiscal 2023 Adjusted EBITDA to be in the range of $890 to $910 million and announced three acquisitions after the quarter: Enviroscape, Granite Water Works, and Lee Supply Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
earnings
Stock CNM logo
Core & Main Inc

NYSE:CNM

CNM Rankings

#767 Ranked by Market Cap
#775 Ranked by Stock Gains
N/A Ranked by Dividends

CNM Stock Data

11.35B
191.94M
0.15%
87.16%
5.06%
Other Miscellaneous Durable Goods Merchant Wholesalers
Wholesale Trade
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United States
Saint Louis

About CNM

core & main distributes a complete line of water, sewer, fire protection and storm drain products to serve the needs of both contractors and municipalities in all aspects of public works and private construction industries. these products are integral to building, repairing and maintaining water systems and serve as part of the basic municipal infrastructure required to support population and economic growth, and residential and commercial construction.