Core & Main Inc is a leading distributor of water, wastewater, storm drainage, and plumbing products
The company serves a diverse customer base, including municipalities, contractors, and industrial clients, providing them with essential infrastructure solutions for managing water resources and ensuring efficient delivery and drainage systems. Core & Main focuses on enhancing its service offerings through a combination of product expertise and a broad inventory, positioning itself as a reliable partner in the construction and maintenance of critical water infrastructure projects across the United States.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the infrastructure distributors stocks, including DistributionNOW (NYSE:DNOW) and its peers.
Core & Main reported Q4 earnings below estimates despite a 17.9% sales rise. Leadership changes announced as FY25 sales outlook lags consensus projections.
Water and fire protection solutions company Core & Main (NYSE:CNM) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 17.9% year on year to $1.70 billion. On the other hand, the company’s full-year revenue guidance of $7.7 billion at the midpoint came in 1% below analysts’ estimates. Its GAAP profit of $0.33 per share was 12.2% below analysts’ consensus estimates.
Core & Main, Inc. (NYSE: CNM) ("Core & Main"), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, today announced financial results for the fourth quarter and fiscal year ended February 2, 2025. The fourth quarter and fiscal year ended February 2, 2025 represents 14 and 53-week periods, respectively, compared with 13 and 52-week periods for the fourth quarter and fiscal year ended January 28, 2024.
Core & Main, Inc. (NYSE: CNM) (“Core & Main” or the “Company”), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, today announced changes to its executive leadership team as part of the Company’s long-term succession planning.
Water and fire protection solutions company Core & Main (NYSE:CNM)
will be announcing earnings results tomorrow before market hours. Here’s what investors should know.
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 fourth quarter and fiscal year ended February 2, 2025, before the market opens on Tuesday, March 25, 2025.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy,
and the industry is currently lagging as its six-month return of 4.5% has trailed the S&P 500’s 9% gain.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Watsco (NYSE:WSO) and the best and worst performers in the infrastructure distributors industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the infrastructure distributors industry, including Core & Main (NYSE:CNM) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the infrastructure distributors industry, including DistributionNOW (NYSE:DNOW) and its peers.
Since July 2024, Core & Main has been in a holding pattern, posting a small return of 3.5% while floating around $51.18. This is close to the S&P 500’s 4.8% gain during that period.
Looking back on infrastructure distributors stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including MRC Global (NYSE:MRC) and its peers.
Shares of water and fire protection solutions company Core & Main (NYSE:CNM)
jumped 15.4% in the afternoon session after the company reported impressive third-quarter financial results. Core & Main exceeded analysts' revenue and EBITDA expectations. In addition, full-year revenue guidance was raised, and full-year EBITDA guidance came in ahead of expectations, which is a sign of a healthy business. Overall, we think this was a strong quarter.
