Core & Main Inc Stock Price, News & Analysis

Immokalee Water & Sewer District in Collier County, Florida, has partnered with Xylem (NYSE: XYL) and Core & Main for a comprehensive digital transformation initiative. The project includes deploying over 7,200 ally® residential water meters and implementing the Sensus FlexNet® communication network to enhance operational efficiency.

The modernization will enable remote meter management, water pressure tracking, and water quality monitoring. The district, serving 24,000+ year-round residents, will utilize the Xylem Vue platform to integrate data from multiple sources into a single platform, improving emergency response capabilities during hurricane season. The project, supported by State of Florida funding, aims to maintain affordable rates while managing seasonal population fluctuations that double water usage during harvest season.

Core & Main (NYSE: CNM) reported strong fiscal 2024 third quarter results with net sales increasing 11.5% to $2,038 million. The company's gross profit rose 9.9% to $543 million, while net income decreased 11.4% to $140 million. Diluted earnings per share increased 6.2% to $0.69. The company completed five strategic acquisitions during and after the quarter. Core & Main raised its full-year outlook, expecting net sales between $7,350-$7,450 million and Adjusted EBITDA of $915-$935 million.

Core & Main (NYSE: CNM) announced it will release its fiscal 2024 third quarter financial results before market opens on Tuesday, December 3, 2024. 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 ir.coreandmain.com or join via phone using specific dial-in numbers. A slide presentation and archived version of the webcast will be available on the company's Investor Relations website.

Core & Main (NYSE: CNM) has completed its acquisition of ARGCO Northeast , a fire protection products distributor based in Saddle Brook, New Jersey. The acquisition, which was previously announced, involves substantially all assets of ARGCO Northeast's single location operation. This strategic move aligns with Core & Main's focus on advancing reliable infrastructure with local service nationwide.

Core & Main (NYSE: CNM) has completed its acquisition of Eastcom Associates, a distributor of underground utility protection equipment based in Branchburg, New Jersey. The acquisition, which was previously announced, involves substantially all of Eastcom's assets. Eastcom operates from a single location and specializes in underground utility protection equipment distribution.

Core & Main Inc. (NYSE: CNM), a leading specialty distributor of infrastructure products, has announced a definitive agreement to acquire ARGCO Northeast , a fire protection products distributor based in Saddle Brook, New Jersey. This acquisition aims to enhance Core & Main's expertise in fire protection and expand its product and service offerings.

Mike Huebert, president of Core & Main, emphasized the alignment of ARGCO Northeast's commitment to partnership with Core & Main's values. Richard Dehn, general manager of ARGCO Northeast, expressed excitement about joining forces with an industry leader and the potential benefits for customers and associates, including expanded resources and career development opportunities.

Core & Main Inc. (NYSE: CNM) has entered into a definitive agreement to acquire substantially all the assets of Eastcom Associates Inc., a distributor of underground utility protection equipment based in Branchburg, New Jersey. Eastcom has been operating since 1972, serving surveyors and contractors in 13 states with damage prevention equipment, training, and service.

Mike Huebert, president of Core & Main, expressed excitement about the acquisition, highlighting Eastcom's product and service knowledge in a growing product area for Core & Main. Dennis Cinelli, general manager of Eastcom Associates, emphasized the company's 50-year commitment to being a dependable partner and believes the alignment with Core & Main will create new opportunities for success and growth.

Core & Main Inc. (NYSE: CNM), a leading provider of reliable infrastructure solutions with nationwide local service, has successfully completed its acquisition of Green Equipment Company. This strategic move involves acquiring substantially all assets of Green Equipment Company, a specialized provider of underground utility protection equipment based in Fort Worth, Texas. The acquisition, which was previously announced, strengthens Core & Main's position in the infrastructure sector and expands its product offerings in the critical area of utility protection.

Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service nationwide, has completed its acquisition of substantially all assets of GroGreen Solutions Georgia, GroGreen Solutions is a leading provider of erosion control products with four locations across three states: two in Georgia, one in Florida, and one in Mississippi. This acquisition, previously announced, marks a significant expansion for Core & Main in the erosion control market and strengthens its presence in the southeastern United States.