Core & Main, Inc.
Core & Main is a specialty distributor of products and related services for water, wastewater, storm drainage and fire protection infrastructure. It serves municipalities, private water companies and professional contractors across municipal, non-residential and residential markets. Its portfolio includes pipes, valves and fittings, storm drainage products, fire protection products and smart metering products, as well as services such as project planning, fabrication, kitting, installation and delivery. Core & Main makes money by distributing products through its branch network and arranging direct shipments from suppliers to customers. As of February 1, 2026, Core & Main operates over 370 branch locations across the United States and Canada, connecting more than 5,000 suppliers with over 60,000 customers. Its principal executive offices are in St. Louis, Missouri.
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No SEC Form 4 filings for $CNM in the last 30 days.
See all $CNM insider activity →Barclays analysts maintained Buy ratings on Boeing (BA) and Core & Main (CNM), with price targets of $250 and $60, respectively. BA closed at $173.38, CNM at $47.44. BA has a Strong Buy consensus and 37.4% upside, CNM a Moderate Buy with 13.7% upside.
Core & Main (NYSE:CNM) reported Q3 net sales of $2.12B-$2.13B, up 3% YoY. Net income is estimated at $128M-$140M, down from $143M last year. Adjusted EBITDA is projected at $267M-$275M, flat YoY. The company cut its fiscal 2026 Adjusted EBITDA outlook to $950M-$960M. CNM attributed results to higher transportation costs and investments, along with three acquisitions totaling over $250M in annual revenue.
Core & Main, Inc. (CNM) filed an SEC Form 8-K — Results of Operations and Financial Condition. News Release FOR IMMEDIATE RELEASE Core & Main Announces Preliminary Third-Quarter Fiscal 2026 Results, Updated Fiscal 2026 Outlook, Multiple Acquisitions and Record Share Repurchases ▪ Preliminary third quarter net sales of $2.12 billion to $2.13 billion, net income of $128 mill
Over the past 7 days, AlphAI's AI scored 4 news stories mentioning CNM (Core & Main, Inc.). Coverage has been balanced: 1 bullish, 2 neutral, and 1 bearish.
Recent CNM coverage spans earnings and financial news.
Positive analyst upgrade with a higher price target may boost Core & Main shares.
Guidance cut suggests weaker earnings outlook, likely pressuring the stock lower.
Preliminary results show modest growth and a record share repurchase, likely supporting the stock in the short term.
Small positive earnings surprise may support modest gains.
Analyst upgrade and target raise may drive buying interest.
AlphAI scores every news story that mentions CNM with an AI model for sentiment and relevance, and aggregates insider trades from Core & Main, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Barclays analysts maintained Buy ratings on Boeing (BA) and Core & Main (CNM), with price targets of $250 and $60, respectively. BA closed at $173.38, CNM at $47.44. BA has a Strong Buy consensus and 37.4% upside, CNM a Moderate Buy with 13.7% upside.
Core & Main (NYSE:CNM) reported Q3 net sales of $2.12B-$2.13B, up 3% YoY. Net income is estimated at $128M-$140M, down from $143M last year. Adjusted EBITDA is projected at $267M-$275M, flat YoY. The company cut its fiscal 2026 Adjusted EBITDA outlook to $950M-$960M. CNM attributed results to higher transportation costs and investments, along with three acquisitions totaling over $250M in annual revenue.
Core & Main, Inc. (CNM) filed an SEC Form 8-K — Results of Operations and Financial Condition. News Release FOR IMMEDIATE RELEASE Core & Main Announces Preliminary Third-Quarter Fiscal 2026 Results, Updated Fiscal 2026 Outlook, Multiple Acquisitions and Record Share Repurchases ▪ Preliminary third quarter net sales of $2.12 billion to $2.13 billion, net income of $128 mill
Ferguson (FERG) shares rose 12% after Q3 sales hit $9.0B, beating estimates, and raising full-year guidance to 7% growth. Non-residential sales surged 15%, while residential grew 6% in a weak market. Net debt increased to 1.7x EBITDA, pausing buybacks. Peers Core & Main (CNM) and Watsco (WSO) reported similar trends.
Jefferies initiated coverage on Core & Main (NYSE:CNM) with a buy rating and $53 price target, valuing it at 12x 2027 EBITDA. The company's current EV/EBITDA is 11.52x, with $8.55B market cap. Jefferies forecasts 4.5% organic growth by 2027 and double-digit EPS growth. Core & Main reported Q2 2026 earnings beat with $0.94 EPS and $2.14B revenue, up 2.5% YoY. Wells Fargo lowered its price target to $48 but maintained Overweight rating.
Watsco (WSO) reported $464M cash, no debt, and 52 years of dividend increases. Ferguson (FERG) beat EPS estimates and raised full-year guidance. Core & Main (CNM) serves a $44B market with $1.2T in U.S. infrastructure investment needed. All three companies benefit from non-cyclical demand for HVAC and plumbing products.
Core & Main (NYSE:CNM) reported Q2 FY26 revenue of $2.145B, up 2.5% YoY, with adjusted EBITDA of $274M and EPS of $0.94. Growth was driven by acquisitions, pricing, and volume. Management reaffirmed full-year guidance. Institutional interest increased slightly, with BlackRock as the largest shareholder. Organic growth concerns persist due to softer half-year figures.
Analysts updated ratings for Cintas (CTAS), RXO, Inc. (RXO), and Core & Main (CNM). CTAS received a Hold rating with a $200 price target, RXO a Buy with a $35 target, and CNM a Buy with a $60 target. Consensus ratings and targets vary for each company.
Analysts at Truist Financial maintained a Hold rating on Core & Main (CNM) with a $45 target, while Eos Energy Enterprises (EOSE) received a Buy rating and $7 target. CNM has a Moderate Buy consensus and $53.63 target, while EOSE has a 50.7% upside consensus target.
Core & Main (CNM) reported Q2 adjusted EPS of $0.94, beating estimates, with revenue up 2.5% YoY to $2.14B. Net income rose 6.4% to $150M. The company maintained its full-year guidance and repurchased $169M in shares. Shares rose 1.04% premarket.
