Core & Main Announces Record Fiscal 2024 Third Quarter Results
Core & Main, Inc. Class A (CNM)
Company Research
Source: Business Wire
ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leading specialty distributor dedicated to advancing reliable infrastructure with local service, nationwide, today announced financial results for the third quarter ended October 27, 2024.Fiscal 2024 Third Quarter Results (Compared with Fiscal 2023 Third Quarter)Net sales increased 11.5% to $2,038 millionGross profit increased 9.9% to $543 million; gross profit margin was 26.6%, increasing 20 basis points from the second quarterNet income decreased 11.4% to $140 millionDiluted earnings per share increased 6.2% to $0.69Adjusted EBITDA (Non-GAAP) increased 6.5% to $277 million; Adjusted EBITDA margin (Non-GAAP) was 13.6%Completed five acquisitions during and after the quarter: HM Pipe Products, GroGreen Solutions, Green Equipment Company, Eastcom Associates and ARGCO Northeast"We delivered strong performance in the third quarter, including record quarterly sales and Adjusted EBITDA, demonstrating that Core & Main can grow i
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CNM
News
- Core & Main, Inc. (NYSE: CNM) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $50.00 to $57.00. They now have a "neutral" rating on the stock.MarketBeat
- Core & Main, Inc. (NYSE: CNM) had its price target raised by analysts at Loop Capital from $52.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
- Core & Main, Inc. (NYSE: CNM) had its price target raised by analysts at Wells Fargo & Company from $52.00 to $62.00. They now have an "overweight" rating on the stock.MarketBeat
- Core & Main's Good Q3 News Popular With Investors [Seeking Alpha]Seeking Alpha
- Core & Main, Inc. (NYSE: CNM) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $62.00 price target on the stock, up previously from $53.00.MarketBeat
CNM
Earnings
- 12/3/24 - Beat
CNM
Sec Filings
- 12/17/24 - Form 8-K
- 12/5/24 - Form 4
- 12/5/24 - Form 4
- CNM's page on the SEC website