Core & Main Announces $500 Million Share Repurchase Authorization
Core & Main, Inc. Class A (CNM)
Company Research
Source: Business Wire
ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM) (“Core & Main” or the “Company”), a leader in advancing reliable infrastructure with local service, nationwide, announced today that its board of directors has authorized the repurchase of up to $500 million of the Company’s outstanding shares of Class A common stock (the “Repurchase Authorization”).“We remain confident in our ability to grow faster than our end markets, while expanding profitability and generating strong cash flow. Today’s Repurchase Authorization displays our commitment to returning capital to shareholders. Our expectation of strong cash generation will allow us to continue investing in growth, both organically and inorganically, while returning capital to shareholders to compound long-term value creation,” said Steve LeClair, chair and CEO of Core & Main.The timing and amount of any share repurchases will be determined by the Company at its discretion based on ongoing evaluation of general market conditio
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- GMS (GMS) Q1 Earnings Report Preview: What To Look For [Yahoo! Finance]Yahoo! Finance
- Core & Main Announces $500 Million Share Repurchase Authorization [Yahoo! Finance]Yahoo! Finance
- Company News for June 5, 2024 [Yahoo! Finance]Yahoo! Finance
- Core & Main, Inc. (NYSE: CNM) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $60.00 price target on the stock.MarketBeat
- Core & Main, Inc. (NYSE: CNM) had its price target lowered by analysts at Truist Financial Co. from $56.00 to $50.00. They now have a "hold" rating on the stock.MarketBeat
CNM
Earnings
- 6/4/24 - Miss
CNM
Sec Filings
- 6/12/24 - Form 8-K
- 6/4/24 - Form 10-Q
- 6/4/24 - Form 8-K
- CNM's page on the SEC website