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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
Core & Main Completes Acquisition of Enviroscape
Rhea-AI Summary
Core & Main Inc. (CNM) has successfully completed the acquisition of Enviroscape ECM, Ltd. and its affiliated entities, expanding its portfolio in geosynthetics and erosion control products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.17%
Tags
acquisition
-
News
Core & Main to Announce Fiscal 2023 Third Quarter Results
Rhea-AI Summary
Core & Main Inc. (CNM) will release its financial results for the third fiscal quarter on October 29, 2023, before the market opens on Tuesday, Dec. 5, 2023. The company will host a conference call and webcast to discuss the results. The live webcast will be accessible via the events calendar at ir.coreandmain.com. Investors can also access the conference call by dialing (833) 470-1428 or +1 (404) 975-4839 (international) with the passcode 916295. An archived version of the webcast will be available immediately following the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
earnings
-
News
Core & Main Signs Agreement to Acquire Lee Supply Company Inc.
Rhea-AI Summary
Core & Main Inc. (NYSE: CNM) has announced its definitive agreement to acquire the assets of Lee Supply Company Inc., a leading distributor and fabricator of HDPE pipe and related services. Lee Supply's expertise in HDPE products and services, including fusion equipment rentals and custom fabrication, will enhance Core & Main's offerings. The acquisition aims to expand Core & Main's nationwide presence in the HDPE industry, benefiting from Lee Supply's strong legacy and customer relationships.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
acquisition
News
Core & Main Added to the S&P MidCap 400® Index
Rhea-AI Summary
Core & Main Inc. (CNM) Added to S&P MidCap 400 Index
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
none
-
News
Core & Main Signs Agreement to Acquire Granite Water Works Inc.
Rhea-AI Summary
Core & Main Inc. (CNM) to Acquire Granite Water Works Inc., Expanding Water, Wastewater, and Storm Drainage Product Offerings in Minnesota
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
acquisition
-
News
Core & Main Announces Secondary Offering and Share Repurchase
Rhea-AI Summary
Core & Main Inc. announces the launch of a secondary public offering of 19 million shares of its Class A common stock by certain selling stockholders. The underwriter has an option to purchase up to an additional 2.85 million shares. Core & Main is not offering any shares and will not receive any proceeds. Concurrently, it expects to repurchase and redeem shares and partnership interests from the selling stockholders. Citigroup is the sole underwriter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
Tags
buyback
News
Core & Main Announces Preliminary Fiscal 2023 Third Quarter Results
Rhea-AI Summary
Core & Main Inc. announces preliminary estimated financial results for the third fiscal quarter ended October 29, 2023. Net sales are estimated to be between $1,822 million and $1,832 million. Net income is estimated to be between $153 million and $163 million. Adjusted EBITDA is estimated to be between $257 million and $263 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.04%
Tags
earnings
-
News
Core & Main Signs Agreement to Acquire Enviroscape
Rhea-AI Summary
Core & Main Inc. has agreed to acquire Enviroscape ECM, Ltd., a provider of geosynthetics and erosion control products. This strategic opportunity will expand Core & Main's geosynthetics reach and capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
acquisition
-
News
Core & Main Hosts 2023 Investor Day and Introduces Long-Term Financial Targets
Rhea-AI Summary
Core & Main Inc. will host an Investor Day in New York City today, presenting their business strategy and financial objectives. They are introducing new annual financial targets through fiscal 2028.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.13%
Tags
none
News
Core & Main Announces Secondary Offering and Share Repurchase
Rhea-AI Summary
Core & Main Inc. announces underwritten secondary public offering of 18 million shares of its Class A common stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.14%
Tags
buyback
Stock CNM logo
Core & Main Inc

NYSE:CNM

CNM Rankings

#755 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
Link
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.