Latest news with #Core&Main
Yahoo
a day ago
- Business
- Yahoo
Earnings To Watch: Core & Main (CNM) Reports Q1 Results Tomorrow
Water and fire protection solutions company Core & Main (NYSE:CNM) will be reporting results tomorrow before the bell. Here's what investors should know. Core & Main beat analysts' revenue expectations by 1.7% last quarter, reporting revenues of $1.70 billion, up 17.9% year on year. It was a slower quarter for the company, with a miss of analysts' EPS estimates and a miss of analysts' adjusted operating income estimates. Is Core & Main a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Core & Main's revenue to grow 6% year on year to $1.85 billion, slowing from the 10.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.54 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Core & Main has missed Wall Street's revenue estimates twice over the last two years. Looking at Core & Main's peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. DistributionNOW delivered year-on-year revenue growth of 6.4%, beating analysts' expectations by 1.9%, and MRC Global reported a revenue decline of 8.4%, in line with consensus estimates. DistributionNOW traded down 9.1% following the results while MRC Global was also down 6.1%. Read our full analysis of DistributionNOW's results here and MRC Global's results here. Investors in the industrial distributors segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Core & Main is up 12.8% during the same time and is heading into earnings with an average analyst price target of $60.12 (compared to the current share price of $60.10). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
Core & Main Named to Fortune 500® for First Time
15 years of consecutive growth and increasing demand for innovative water infrastructure solutions help earn national recognition ST. LOUIS, June 03, 2025--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM) ("Core & Main"), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, proudly announces it has been named to the Fortune 500 list for the first time, ranked No. 497. This prestigious recognition highlights Core & Main's growth and success executing our strategy to provide products and services to address water infrastructure needs across the U.S. "We are incredibly honored to be included in the Fortune 500," said Mark Witkowski, CEO of Core & Main. "This is another milestone in our continued growth journey, and it's a testament to the strength of our business model combined with the dedication and expertise of our associates servicing their communities." Core & Main became an independent company in 2017, delivering sales growth and profitability both organically and through acquisitions. It began trading on the New York Stock Exchange, following its IPO in 2021, most recently posting $7.4 billion in revenue in FY24. "This recognition further shows we have the right strategy, people and offerings in place to deliver long-term growth," Witkowski said. "Our work is far from done, as there is an enormous opportunity and need to repair and upgrade water infrastructure for future generations. We take that responsibility very seriously, alongside our loyal customers and trusted suppliers. We thank everyone who has contributed to our success and shared in our vision to advance reliable infrastructure." The Fortune 500 is an annual ranking of the largest U.S. companies by total revenue, published by Fortune magazine. About Core & Main Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets, nationwide. With more than 370 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. Core & Main's 5,700 associates are committed to helping their communities thrive with safe and reliable infrastructure. Visit to learn more. Cautionary Note Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, all statements other than statements of historical facts contained in this press release, including statements relating to our intentions, beliefs, assumptions or current expectations concerning, among other things, our future results of operations and financial position, business strategy and plans and objectives of management for future operations, including, among others, statements regarding expected growth, future capital expenditures, capital allocation and debt service obligations, and the anticipated impact on our business. Some of the forward-looking statements can be identified by the use of forward-looking terms such as "believes," "expects," "may," "will," "shall," "should," "would," "could," "seeks," "aims," "projects," "is optimistic," "intends," "plans," "estimates," "anticipates" or the negative versions of these words or other comparable terms. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be outside our control. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. View source version on Contacts Media Relations Patrick Lunsford314-789-0726media@ Investor Relations Glenn Floyd314-995-9108investorrelations@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-06-2025
- Business
- Business Wire
Core & Main Named to Fortune 500 for First Time
ST. LOUIS--(BUSINESS WIRE)-- Core & Main Inc. (NYSE: CNM) ("Core & Main"), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, proudly announces it has been named to the Fortune 500 list for the first time, ranked No. 497. This prestigious recognition highlights Core & Main's significant growth and success in working to address water infrastructure needs across the U.S. "We are incredibly honored to be included in the Fortune 500," said Mark Witkowski, CEO of Core & Main. "This is another milestone in our continued growth journey, and it's a testament to the strength of our business model combined with the dedication and expertise of our associates servicing their communities.' Core & Main became an independent company in 2017, delivering significant growth and profitability both organically and through 41 acquisitions. It began trading on the New York Stock Exchange, following its IPO in 2021, most recently posting $7.4 billion in revenue in FY24. 'This recognition further shows we have the right strategy, people and offerings in place to deliver long-term growth,' Witkowski said. 'Our work is far from done, as there is an enormous opportunity and need to repair and upgrade water infrastructure for future generations. We take that responsibility very seriously, alongside our loyal customers and trusted suppliers. We thank everyone who has contributed to our success and shared in our vision to advance reliable infrastructure.' The Fortune 500 is an annual ranking of the largest U.S. companies by total revenue, published by Fortune magazine. About Core & Main Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets, nationwide. With more than 370 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. Core & Main's 5,700 associates are committed to helping their communities thrive with safe and reliable infrastructure. Visit to learn more. Cautionary Note Regarding Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, all statements other than statements of historical facts contained in this press release, including statements relating to our intentions, beliefs, assumptions or current expectations concerning, among other things, our future results of operations and financial position, business strategy and plans and objectives of management for future operations, including, among others, statements regarding expected growth, future capital expenditures, capital allocation and debt service obligations, and the anticipated impact on our business. Some of the forward-looking statements can be identified by the use of forward-looking terms such as 'believes,' 'expects,' 'may,' 'will,' 'shall,' 'should,' 'would,' 'could,' 'seeks,' 'aims,' 'projects,' 'is optimistic,' 'intends,' 'plans,' 'estimates,' 'anticipates' or the negative versions of these words or other comparable terms. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be outside our control. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
Yahoo
29-05-2025
- Business
- Yahoo
Core & Main (CNM) Stock Moves -0.46%: What You Should Know
Core & Main (CNM) closed at $54.68 in the latest trading session, marking a -0.46% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.56%. Meanwhile, the Dow lost 0.58%, and the Nasdaq, a tech-heavy index, lost 0.51%. The the stock of distributor of water and fire protection products has risen by 3.76% in the past month, lagging the Industrial Products sector's gain of 9.95% and the S&P 500's gain of 7.37%. The investment community will be paying close attention to the earnings performance of Core & Main in its upcoming release. The company is slated to reveal its earnings on June 10, 2025. The company's upcoming EPS is projected at $0.52, signifying a 6.12% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.83 billion, reflecting a 5.25% rise from the equivalent quarter last year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.43 per share and a revenue of $7.71 billion, signifying shifts of +14.08% and +3.66%, respectively, from the last year. It is also important to note the recent changes to analyst estimates for Core & Main. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Core & Main is holding a Zacks Rank of #3 (Hold) right now. In terms of valuation, Core & Main is presently being traded at a Forward P/E ratio of 22.6. This valuation marks a premium compared to its industry's average Forward P/E of 16.82. We can additionally observe that CNM currently boasts a PEG ratio of 2.07. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Manufacturing - Tools & Related Products industry stood at 1.66 at the close of the market yesterday. The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 18% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow CNM in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Core & Main, Inc. (CNM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Core & Main to Announce Fiscal 2025 First Quarter Results
ST. LOUIS, May 27, 2025--(BUSINESS WIRE)--Core & Main, Inc. (NYSE: CNM) ("Core & Main"), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, will issue its financial results for the first quarter ended May 4, 2025, before the market opens on Tuesday, June 10, 2025. Core & Main will host a conference call and webcast at 8:30 a.m. ET the same day to discuss the company's financial results. The live webcast will be accessible via the events calendar at The conference call may also be accessed by dialing 833-470-1428 or +1-404-975-4839 (international). The passcode for the live call is 528579. To ensure participants are connected for the full call, please dial in at least 10 minutes prior to the start of the call. An archived version of the webcast will be available immediately following the call. A slide presentation highlighting Core & Main's results will also be made available on the Investor Relations section of Core & Main's website prior to the call. About Core & Main Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure® with local service, nationwide®. As a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets, nationwide. With more than 370 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. The 5,700 associates at Core & Main are committed to helping their communities thrive with safe and reliable infrastructure. Visit to learn more. Cautionary Note Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, all statements other than statements of historical facts contained in this press release, including statements relating to our intentions, beliefs, assumptions or current expectations concerning, among other things, our future results of operations and financial position, business strategy and plans and objectives of management for future operations, including, among others, statements regarding expected growth, future capital expenditures, capital allocation and debt service obligations, and the anticipated impact on our business. Some of the forward-looking statements can be identified by the use of forward-looking terms such as "believes," "expects," "may," "will," "shall," "should," "would," "could," "seeks," "aims," "projects," "is optimistic," "intends," "plans," "estimates," "anticipates" or the negative versions of these words or other comparable terms. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be outside our control. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. View source version on Contacts Investor Relations Glenn Floyd, 314-995-9108InvestorRelations@
