Core & Main (CNM) Company Report

Core & Main Inc. (NYSE: CNM) has completed its previously announced acquisition of substantially all the assets of Canada Waterworks Inc. and Canada Waterworks Ottawa Inc.
Canada Waterworks is a Canadian distributor of water, wastewater, and storm drainage products.
Core & Main is a U.S.-based specialty distributor focused on water, wastewater, storm drainage, and fire protection products and services, operating over 370 locations across the U.S.

Sep 30, 2025, 8:15 PM

Core & Main Signs Agreement to Acquire Canada Waterworks

CNM

M&A

Core & Main Inc. (NYSE: CNM) has entered into a definitive agreement to acquire substantially all the assets of Canada Waterworks Inc. and Canada Waterworks Ottawa Inc.
Canada Waterworks is a Canadian distributor of water, wastewater, and storm drainage products, operating from three locations in Toronto, Ottawa, and Hamilton, Ontario.
This acquisition is intended to expand Core & Main's platform and reach in Canada, complementing its existing footprint in the province and pursuing growth opportunities.

Sep 2, 2025, 11:30 AM

Core & Main Announces Q4 2025 Earnings and Leadership Transition

CNM

Earnings

CEO Change

Revenue Acceleration/Inflection

Leadership change: Stephen LeClair announced his transition from CEO to Executive Chair with Mark Witkowski named as the new CEO and Robyn Bradbury promoted to CFO, ensuring continuity in execution of the company’s strategy.
Strong Q4 performance: The company achieved 18% sales growth to nearly $1.7 billion, maintained a gross margin of 26.6%, and grew adjusted EBITDA by 12% to $179 million, reflecting disciplined operational execution.
Record full-year results: Fiscal 2024 net sales exceeded $7.4 billion with an overall growth of approximately 11%, driven by acquisitions (contributing about 9% of sales growth) and organic market share gains, supporting robust cash flow generation.

Mar 25, 2025, 12:31 PM

Core & Main Reports Q4 2025 Earnings Results

CNM

Earnings

Guidance Update

M&A

Core & Main presented its Q4 earnings call detailing fiscal 2024 full‐year results, including strong performance improvements in net sales and adjusted EBITDA compared to the previous year (notably an 18% increase in Q4 net sales and a 12% boost in adjusted EBITDA).
The discussion highlighted a forward-looking outlook for fiscal 2025 with expected net sales between $7,600M–$7,800M, adjusted EBITDA between $950M–$1,000M, and an adjusted EBITDA margin of 12.5%–12.8%, emphasizing growth through acquisitions and operational efficiencies.
The call also featured key remarks from CEO Steve LeClair, CFO Mark Witkowski, and SVP Robyn Bradbury, underscoring the company’s strategic focus and addressing risk factors and non-GAAP measures as part of their performance review.

Mar 25, 2025, 12:30 PM

Core & Main Reports Q4 & Full-Year FY24 Results and Announces Leadership Transition

CNM

Earnings

CEO Change

Q4 2024 results showed net sales of $1,698 million (up 17.9%), net income of $67 million (down 11.8%), and Adjusted EBITDA of $179 million.
For fiscal 2024, net sales rose to $7,441 million (up 11.0%) while net income declined to $434 million, with Adjusted EBITDA increasing to $930 million.
The company announced a leadership transition, with CEO Steve LeClair moving to executive chair, Mark Witkowski taking over as CEO, and Robyn Bradbury named CFO.
Fiscal 2025 guidance includes net sales between $7,600–$7,800 million, Adjusted EBITDA of $950–$1,000 million, and operating cash flow of $570–$650 million.

Mar 25, 2025, 12:00 AM

Core & Main Announces Leadership Transition

CNM

CEO Change

CFO Change

Management Change

Leadership Transition Announced: Steve LeClair will retire as CEO and transition to the role of Executive Chair, continuing as Chair of the Board effective March 31, 2025 .
New CEO Appointment: Mark Witkowski, previously serving as CFO, is appointed as the new CEO and will also join the Board as a Class I director .
New CFO Appointment and Board Change: Robyn Bradbury, formerly Senior VP of Finance and Investor Relations, is named CFO, and the board size increases from nine to ten directors as part of the succession plan .

Mar 25, 2025, 12:00 AM

Earnings Transcripts

Quarterly earnings call transcripts for Core & Main.

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