CNM Stock Recent News

Core & Main (CNM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Lincoln Electric, Core & Main, Stanley Black & Decker and Enerpac Tool have been highlighted in this Industry Outlook article.

Persistent weakness in the manufacturing sector weighs on the Zacks Manufacturing-Tools & Related Products industry's near-term prospects. LECO, CNM, SWK and EPAC are a couple of stocks to retain.

I downgraded Core & Main to hold due to macro uncertainty and a soft FY25 outlook, despite Q4-24 results being in line. Organic growth stalled with just 1.5% y/y in Q4-24; FY25 revenue guidance implies only 2-5% growth, significantly lower than FY24's 11%. Elevated SG&A costs from recent acquisitions hinder margin expansion, making earnings growth reliant on cost reductions, which seems unlikely.

Core & Main, Inc. (NYSE:CNM ) Q4 2024 Earnings Conference Call March 25, 2025 8:30 AM ET Company Participants Robyn Bradbury - SVP of Finance, IR Steve LeClair - Chair and CEO Mark Witkowski - CFO Conference Call Participants David Manthey - Baird Joe Ritchie - Goldman Sachs Nigel Coe - Wolfe Research Patrick Baumann - JPMorgan Brian Biros - Thompson Research Group Operator Hello, and welcome to the Core & Main Q4 2024 Earnings Call. My name is Alex, and I'll be coordinating the call today [Operator Instructions].

U.S. stocks traded mixed this morning, with the Nasdaq Composite gaining around 0.1% on Tuesday.

Core & Main (CNM) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.34 per share a year ago.

On Tuesday, Core & Main Inc. CNM reported fourth-quarter earnings of 33 cents per share, missing the consensus of 36 cents.

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Fiscal 2024 Fourth Quarter and Full-Year Results.

ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Leadership Transition.