Why Shares in Core & Main Surged This Week [Yahoo! Finance]
Core & Main, Inc. Class A (CNM)
Company Research
Source: Yahoo! Finance
S&P Global Market Intelligence . The move comes after the release of its fourth-quarter earnings. Investors liked what they saw, and the stock is now up 43% in 2024 and 168% over the last year. Core & Main's challenging 2023 It might seem churlish to describe last year as "challenging," but the company's full-year sales only rose 0.8% to $6.7 billion in 2023. Moreover, after a couple of years of solid growth, the company's end markets slowed last year, partly in response to a natural growth correction and rising interest rates putting the brakes on residential construction activity. Core & Main's end markets are split between the relatively stable municipal market (39%), the nonresidential market (39%), and the residential market (22%), and slowing housing starts have hit the latter. Still, the company's prospects look excellent. It is a leader in a highly fragmented market of water and wastewater products (valves, pipes, meters, storm drainage, and fire protection) and has a
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News
- Core & Main (CNM) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
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- Fiduciary Management Q1 2024 Investment Strategy Outlook [Seeking Alpha]Seeking Alpha
- Core & Main (CNM) Stock Moves -0.77%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Core & Main Shares Loved by Big Money [Yahoo! Finance]Yahoo! Finance
CNM
Earnings
- 3/19/24 - In-Line
CNM
Sec Filings
- 4/24/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- CNM's page on the SEC website