The wastewater, storm drainage and fire protection distributor agreed to acquire ‘substantially’ all of the assets of Lock City Supply Inc.
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The St. Louis-based company also reported that fiscal 2021 fourth-quarter net sales were nearly $1.25 billion.
The distributor of water, wastewater, storm drainage and fire protection products reported a 38.7% increase in the fiscal 3Q of 2021.
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In Tuesday's earnings report, Core & Main’s net income decreased 47.5% in 2Q compared to the same quarter a year ago.