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 vital contributor to North America's water infrastructure through its distribution of essential waterworks products. This dedicated news hub provides investors and stakeholders with comprehensive coverage of the company's operational developments, financial milestones, and industry leadership.
Access official press releases and verified updates spanning key operational areas including municipal infrastructure projects, product line expansions, and strategic partnerships. Our curated collection enables efficient tracking of earnings announcements, regulatory developments, and market position changes within the waterworks distribution sector.
Key updates include quarterly financial results, major contract awards, sustainability initiatives, and technological advancements in water management solutions. The resource serves as an essential tool for monitoring CNM's role in addressing critical infrastructure needs across residential, commercial, and municipal markets.
For ongoing monitoring of Core & Main's impact on water system development and fire protection infrastructure, bookmark this page for real-time updates. Regularly refreshed content ensures informed decision-making about this essential infrastructure partner.
Core & Main has successfully acquired the assets of Midwest Pipe Supply, enhancing its presence in the drainage and waterworks sector in Iowa. This acquisition is expected to leverage Midwest Pipe Supply's established reputation and local expertise to expand Core & Main's service capabilities. The combined efforts aim to improve service delivery and product offerings across various sectors, including contractors and municipalities. Core & Main, based in St. Louis, operates over 320 locations nationwide, focusing on water, wastewater, and related infrastructure solutions. The acquisition is seen as a strategic move to enhance market reach and operational efficiency.
Core & Main (NYSE: CNM) has announced a secondary public offering of 5 million shares of its Class A common stock by certain selling stockholders, with no proceeds going to the company itself. Concurrently, Core & Main plans to repurchase up to 9,377,183 shares of its Class A common stock and 5,622,817 partnership interests of its subsidiary at the same price offered to the selling stockholders. This repurchase is subject to the offering's completion, indicating a strategic move to reduce shares in circulation and potentially increase value for existing investors. J.P. Morgan Securities is the sole underwriter for this offering, which is dependent on market conditions.
Core & Main Inc. (NYSE: CNM) has successfully acquired substantially all assets of UPSCO Inc. and its affiliates, enhancing its portfolio in utility infrastructure products and services. UPSCO, established in 1965, is recognized for its prefabricated meter sets and offers a broad range of products including valves and piping solutions. This acquisition is anticipated to align with Core & Main's existing meter business, further expanding its capabilities in the Northeast, Mid-Atlantic, and Midwest regions. Core & Main's CEO, Steve LeClair, emphasizes the synergy between the two companies, focusing on shared commitment to high-quality service and reliable infrastructure. The union aims to leverage both companies' strengths to better serve utilities and contractors across the U.S.
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