Core & Main Stock News

Water infrastructure firm Core & Main, Inc. (CNM) weathers storms to keep growing.

Core & Main (CNM) shares lost ground Tuesday as the water and sewer infrastructure provider missed profit estimates and warned that it sees a "flat" market for the year.

Core & Main, Inc. (NYSE:CNM ) Q1 2025 Earnings Conference Call June 10, 2025 8:30 AM ET Company Participants Glenn Floyd - Corporate Participant Mark R. Witkowski - CEO & Director Robyn Bradbury - Chief Financial Officer Conference Call Participants Anthony James Pettinari - Citigroup Inc., Research Division Brian Biros - Thompson Research Group, LLC Collin Andrew Verron - Deutsche Bank AG, Res...

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Record Fiscal 2025 First Quarter Results.

ST. LOUIS--(BUSINESS WIRE)--Core & Main proudly announces it has been named to the Fortune 500 list for the first time, ranked No. 497.

ST. LOUIS--(BUSINESS WIRE)--Core & Main proudly announces it has been named to the Fortune 500 list for the first time, ranked No. 497.

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2025 First Quarter Results.

I downgraded Core & Main to hold due to macro uncertainty and a soft FY25 outlook, despite Q4-24 results being in line. Organic growth stalled with just 1.5% y/y in Q4-24; FY25 revenue guidance implies only 2-5% growth, significantly lower than FY24's 11%. Elevated SG&A costs from recent acquisitions hinder margin expansion, making earnings growth reliant on cost reductions, which seems unlikely.