Core & Main Stock News

This is a new holding for NIA: 66,437 shares of Core & Main, with a net position change of approximately $3.58 million. The transaction represents a position that comprises 1.2% of reportable assets under management (AUM).

Core & Main delivered a solid Q3 FY25, with revenue and earnings both exceeding analyst expectations. CNM's valuation appears fair, trading at a discount to most peers, but not cheap enough to warrant a bullish upgrade. Management reaffirmed FY25 guidance, highlighted multi-year infrastructure tailwinds, and expanded the share buyback program to $1 billion.

Core & Main, Inc. (CNM) Q3 2026 Earnings Call Transcript

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

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces $500 Million Increase to Share Repurchase Authorization.

Core & Main is evolving from a cyclical water pipe distributor to a stable, essential infrastructure platform with robust, recurring demand drivers. CNM's growth is fueled by aging water infrastructure, regulatory upgrades, climate adaptation, and municipal investments, making its outlook less tied to construction cycles. Despite recent margin compression from residential weakness, CNM's margin...

ST. LOUIS--(BUSINESS WIRE)--Core & Main Updates Time of Fiscal 2025 Third Quarter Results Conference Call.

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