Weaker-than-expected results took some of the momentum out of this big winner. Expectations were sky-high for Core & Main (CNM -13.50%) coming into earnings. Unfortunately, the news did not match the hype. Shares of Core & Main traded down 14% as of 10:30 a.m. ET after the company missed top- and bottom-line expectations and cut full-year guidance. Rainy days dampen growth Core & Main is a distributor of water products used by municipalities, private water companies, and professional contractors. A big part ...

Core & Main (CNM) came out with quarterly earnings of $0.61 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -16.44%. A quarter ago, it was expected that this distributor of water and fire protection products would post earnings of $0.51 per share when it actually produced earnings of $0.49, delivering a surprise of -3.92%. O ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 28, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40650 Core & Main, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...

News Release FOR IMMEDIATE RELEASE Core & Main Announces Fiscal 2024 Second Quarter Results ST. LOUIS, Sept. 4, 2024—Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, today announced financial results for the second quarter ended July 28, 2024. Fiscal 2024 Second Quarter Results (Compared with Fiscal 2023 Second Quarter) • Net sales increased 5.5% to $1,964 million • Gross profit increased 3.4% to $518 million; gross profit margin decreased 50 basis ...

Core & Main, Inc. (CNM) is scheduled to release its second-quarter fiscal 2024 results on Sept. 4, before market open. CNM outpaced the Zacks Consensus Estimate in one of the four quarters, met in one, and missed in two instances, delivering a negative earnings surprise of 1.7%, on average. Q2 Expectations for Core & Main The Zacks Consensus Estimate for CNM's revenues is pegged at $7.5 billion, indicating an 11.4% increase from the year-ago quarter's actual.We anticipate robust end-market volumes and an ea ...

Core & Main (CNM) closed at $53.71 in the latest trading session, marking a +1.59% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.32%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.85%. Heading into today, shares of the distributor of water and fire protection products had lost 1.23% over the past month, lagging the Business Services sector's gain of 0.64% and the S&P 500's gain of 1.52% in that time. The upcoming earnings release of Core & ...

In the latest trading session, Core & Main (CNM) closed at $50.55, marking a -0.69% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.2%. On the other hand, the Dow registered a loss of 0.15%, and the technology-centric Nasdaq decreased by 0.34%. Shares of the distributor of water and fire protection products witnessed a loss of 2.32% over the previous month, trailing the performance of the Business Services sector with its gain of 0.88% and the S&P 500's gain of 1 ...

Core & Main (CNM) closed the latest trading day at $47.53, indicating a -0.65% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.04% for the day. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%. Prior to today's trading, shares of the distributor of water and fire protection products had lost 3.8% over the past month. This has was narrower than the Business Services sector's loss of 5.54% and ...

Investors will be eagerly watching for the performance of Core & Main in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.73, signifying a 10.61% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.03 billion, up 9.04% from the prior-year quarter. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, wi ...

Core & Main (CNM) closed the latest trading day at $51.22, indicating a +0.75% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.55%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.63%. The distributor of water and fire protection products's shares have seen a decrease of 0.41% over the last month, not keeping up with the Business Services sector's gain of 0.56% and the S&P 500's gain of 4.28%. Investors will be eagerly ...