The company announced a leadership transition for its CEO and CFO, alongside its 4Q financial results, which highlight strong sales growth and increased gross profit.
Latest In Core & Main
Core & Main expands its regional footprint with a new 8,000-square-foot branch in Chattanooga, TN.
The company's net profit declined 11.4% year-over-year, but it raised its full-year outlook.
They'll be the 10th and 11th deals in 2024 for the infrastructure and industrial supplies distributor.
Acquisitions drove sales growth while lower customer activity and adverse weather hurt profitability.
In August alone, Core & Main has announced two pending deals and another that completed.
Core & Main expands into Southeast U.S. with its second announced acquisition in August.
Core & Main will add a water and wastewater products distributor in Ontario to realize opportunities in a billion-dollar Canadian market.
Recent acquisitions drove most of the growth, more than doubling that of 4Q23.
Waterworks and industrial supplies distributor Core & Main will expand high-density polyethylene product capacity with the addition of GSC.
Core & Main plans to expand its product offering and service capabilities in the underground utility industry.
The PVF supplies distributor’s November-January sales increased 4.8% year-over-year.
The acquisition of ACF West will extend Core & Main's distribution reach and enhance its geosynthetic product and service offerings.
Infrastructure supplies distributor Core & Main will extend its reach and expand product range with the addition of Denver-based Dana Kepner.
Winchester, VA-based Eastern provides drainage products to contractors, engineers and municipalities across the U.S. northeast.
Waterworks and industrial supplies distributor Core & Main's 3Q earnings increased 0.5% due to acquisitions offset by lower end-market volumes.
Lee Supply's fabrication capabilities will expand Core & Main's ability to serve the high-density polyethylene pipe industry nationwide.
Granite Water Works is a distributor of waterworks and subsurface drainage supplies for contractors and municipalities in central Minnesota.
The company estimated that net sales for the quarter were between $1.822 billion and $1.832 billion.
The deal further boosts their geosynthetics offerings, two months after the opening of a new Southern California facility.
