Core & Main (CNM) Stock

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2024 Third Quarter Results.

Core & Main (CNM) closed at $42.73 in the latest trading session, marking a -1.95% move from the prior day.

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. has closed its previously announced acquisition of ARGCO Northeast LLC, a distributor of fire protection products.

In the latest trading session, Core & Main (CNM) closed at $43.58, marking a +0.76% move from the previous day.

In the most recent trading session, Core & Main (CNM) closed at $45.07, indicating a -0.38% shift from the previous trading day.

Core & Main (CNM) closed at $46.09 in the latest trading session, marking a -1.35% move from the prior day.

Core & Main (CNM) concluded the recent trading session at $43.45, signifying a +1.73% move from its prior day's close.

ST. LOUIS--(BUSINESS WIRE)--Core & Main has entered into an agreement to acquire substantially all the assets of ARGCO Northeast LLC, a distributor of fire protection products.

Core & Main faces significant headwinds, including weather disruptions, lower steel pipe prices, and a slowdown in commercial projects, impacting their recent performance. Despite a solid share buyback program and manageable debt levels, the lack of insider buying activity raises concerns about a potential decline in the share price in the near future. Acquisition-driven growth contributed 9% to sales increases, but without acquisitions, sales would have dropped 3.5%. I'm concerned about their reliance on acquisitions for growth.