Core & Main, Inc. (CNM) Core & Main, Inc. (CNM) is a leading supplier of vital infrastructure products and services across the United States. The company specializes in providing comprehensive solutions for water, wastewater, storm drainage, and fire protection systems. Their diverse clientele includes local governments (municipalities), privately owned water utilities, and a wide array of professional contractors working on projects in the residential, non-residential (commercial), and public sectors. Core & Main's extensive product range features essential components such as pipes, valves, hydrants, and fittings. For storm drainage needs, they offer systems including corrugated piping, retention basins, inline drains, manholes, grates, and geosynthetics. Their fire protection inventory covers crucial items like fire protection pipes, sprinkler heads, complete fire suppression systems, related accessories, and specialized fabrication services. Additionally, they provide advanced metering products, including smart meter technology, alongside installation services and software solutions. These specialized materials and services are integral to the construction, maintenance, repair, and replacement of critical water and fire protection infrastructure. Established in 1874, Core & Main is headquartered in St. Louis, Missouri.
Sector: Wholesale-Durable Goods, NEC
Industry: Industrial - Distribution
Core & Main, Inc. NYSE:CNM Industrials · Industrial - Distribution
CLOSED · Nov 3 $44.87 CLOSED · Nov 3 Prev close $45.15 Close $44.87 0.00% AH close $44.87 VOL 1.35M $ Vol $60.71M RVOL 0.76x
Mkt Cap $8.28B
VOL 1.35M sh
$ Vol $60.71M
RVOL 0.76×
Press Release ⚠ 5
Core & Main Announces Fiscal 2026 Second Quarter Results
Core & Main grew fiscal Q2 net sales 2.5% to $2,145 million, with net income up 6.4% to $150 million and diluted EPS up 10.0% to $0.77.
Adjusted EBITDA rose 3.0% to $274 million (12.8% margin) and Adjusted Diluted EPS climbed 8.0% to $0.94, with EPS growth outpacing net income thanks to a shrinking share count from record buybacks.
The company repurchased $169 million of stock (3.7 million shares) in the quarter — its second consecutive record open-market buyback quarter — bringing year-to-date repurchases to nearly $270 million across 5.7 million shares.
Management reaffirmed the full-year fiscal 2026 outlook (net sales of $7,800-$7,900 million, Adjusted EBITDA of $950-$980 million), citing municipal demand, fire protection, and large projects including treatment plants and data centers as growth drivers in a mixed demand environment.
• 1mo ago AI analysis › Press Release
Core & Main to Announce Fiscal 2026 Second Quarter Results
Core & Main announced it will release its fiscal 2026 second quarter financial results before the market opens on Wednesday, September 9, 2026.
The reported quarter ended on August 2, 2026, and management will host a conference call at 8:30 a.m. ET on the same day to discuss the performance.
An archived webcast and accompanying slide presentation will be made available on the company's investor relations website immediately following the call.
• 2mo ago AI analysis › Press Release
Core & Main Announces Pricing of Senior Notes Offering
Core & Main priced $750 million in aggregate principal amount of 6.000% Senior Notes due 2034.
The company expects to use the net proceeds to prepay a portion of its existing senior term loan due July 27, 2028 and for general corporate purposes.
Use of proceeds includes investment in organic growth, operational initiatives, mergers and acquisitions, and share repurchases.
• 4mo ago AI analysis › Press Release
Core & Main Announces Launch of Senior Notes Offering
Core & Main announced the launch of a $750 million offering of Senior Notes due 2034, issued by its indirect wholly-owned subsidiary Core & Main LP.
The company expects to use the net proceeds to prepay a portion of its existing senior term loan due July 27, 2028, and for general corporate purposes, including M&A and share repurchases.
The notes will be guaranteed on an unsecured senior basis by Core & Main’s direct parent companies and certain future subsidiaries, offered to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S.
• 4mo ago AI analysis › Press Release
Core & Main Announces Fiscal 2026 First Quarter Results
Core & Main reported Q1 FY26 net sales of $1.91 billion, essentially flat year-over-year, while delivering 9.6% GAAP EPS growth to $0.57 and expanding gross margin by 50 basis points to 27.2%.
The company reaffirmed its full-year fiscal 2026 outlook, projecting net sales growth of 2% to 3% and adjusted EBITDA of $950 million to $980 million, signaling confidence in steady execution despite a dynamic macro environment.
Capital allocation remained aggressive, with $125 million deployed for share repurchases (1.8 million shares in Q1 plus 0.8 million post-quarter), reducing net debt to $2.01 billion.
• 4mo ago AI analysis › Press Release
NYSE Content Update: Applied Aerospace & Defense Raises $650 Million in IPO
Applied Aerospace & Defense (AADX) begins trading on the NYSE today following its initial public offering.
The company priced its IPO at $20 per share, raising a total of $650 million in proceeds.
This news comes via a standard NYSE pre-market advisory, which also highlighted other market movers including Intercontinental Exchange and Core & Main.
• 5mo ago AI analysis › Press Release
Core & Main to Announce Fiscal 2026 First Quarter Results
Core & Main will report fiscal 2026 first quarter results before the market opens on Wednesday, June 10, 2026.
The company will host a conference call and webcast at 8:30 a.m. ET on that date to discuss the financial results.
No specific financial figures or guidance are included in this advance notice.
• 5mo ago AI analysis › 
