股价及盈利预期 - Core & Main (CNM) 最近的股价为 $42.21，较前一个交易日收盘价上涨了 +1.78% [1] - 分析师预计 Core & Main 的每股收益将为 $0.47，同比增长 51.61%，预计营收为 $1.45 亿美元，同比增长 5.42% [3] 股票评级及估值 - 根据 Zacks Rank 系统，Core & Main 目前为 Zacks Rank 3 (Hold)，该系统自 1988 年以来表现良好，排名为 1 (Strong Buy) 的股票平均年回报率为 +25% [6] - Core & Main 目前的前瞻市盈率为 16.86，低于行业平均值 22.47 [7] - CNM 目前的 PEG 比率为 1.93，略低于废物清理服务行业的平均 PEG 比率 2.83 [8] 行业排名及评估 - 废物清理服务行业属于商业服务部门，该行业的 Zacks Industry Rank 为 107，在所有 250+ 个行业中排名前 43% [9] - Zacks Industry Rank 评估了各行业群体的实力，研究显示排名前 50% 的行业的表现是排名后 50% 的两倍 [10]

GREENWICH, Conn.--(BUSINESS WIRE)--Littlejohn & Co. LLC (“Littlejohn”), a private investment firm based in Greenwich, CT, today announced that it has entered into a definitive agreement to sell Dana Kepner Company, LLC, (“Dana Kepner” or the “Company”), a premium supplier of water works material and services serving municipalities and contractors, to Core & Main Inc. (“Core & Main”) (NYSE: CNM). Based in Denver, Colorado and founded in 1933, Dana Kepner is a leading water and wastewater distributor serving ...

ST. LOUIS--(BUSINESS WIRE)--Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire Dana Kepner Company LLC, and associated entities. Dana Kepner is a distributor of water, wastewater, storm drainage, and geotextile products, along with specialty tools and accessories. The acquisition is subject to regulatory approval and other customary closing conditions. “The team at Dana Kepner recognizes the importanc ...

公司发行 - Core & Main Inc.宣布启动19.8万股A类普通股的次级公开发行[1] - J.P.摩根和花旗银行担任本次发行的联席主承销商[2] - 投资者可以通过SEC网站或J.P.摩根、花旗银行获取相关文件[3]

Fiscal 2023 Third Quarter Results CAUTIONARY STATEMENTS Cautionary Note Regarding Forward-Looking Statements This presentation and accompanying discussion may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, all statements other than statements of historical or current facts relating to our intentions, beliefs, assumptions or current expectations concerning, among other things, our future ...

财务数据和关键指标变化 - 第三季度销售额略高于上年同期,较2021年第三季度增长30% [6] - 毛利率较上年同期下降50个基点,主要是由于库存成本跟上了当前市场价格 [9] - 销售、一般及管理费用同比增加4%,主要受并购影响和成本通胀影响 [27] - 利息费用同比增加,主要是无抵押贷款利率上升 [27] - 净利润同比下降,主要是由于营业利润下降 [28] - 调整后EBITDA同比下降约5%,调整后EBITDA利润率下降90个基点至14.2% [29] - 经营活动现金流表现出色,达到调整后EBITDA的140%以上 [30] - 净债务率为1.5倍,流动性充足 [31] 各条业务线数据和关键指标变化 - 市政维修和更换业务同比保持稳定 [7] - 新住宅开发有所改善,但仍低于上年同期水平 [7] - 非住宅业务在第三季度末趋于稳定,其中公路和街道项目表现强劲,抵消了多户家庭和仓储建设的疲软 [8] 各个市场数据和关键指标变化 - 价格贡献对净销售额的影响在第三季度保持平稳 [8] - 联邦基础设施投资法案(IIJA)资金的拨付进度较预期缓慢,但在中西部某些州已开始启动相关项目 [88] 公司战略和发展方向及行业竞争 - 公司继续通过内生增长和并购实现增长,在本年度已完成8起并购,年化净销售额超过3.3亿美元 [12][14-17] - 公司未来几年每年计划通过并购带来2%-4%的净销售额增长 [20] - 公司还将通过提升私有品牌占比、优化采购和价格分析等举措来提升毛利率 [21] - 公司行业地位领先,有望持续实现高于市场的增长 [19][22] 管理层对经营环境和未来前景的评论 - 客户需求保持韧性,公司正在执行内生和外延增长举措 [6] - 预计2024年市场需求将保持平稳至小幅增长,具体取决于利率走势和联邦基建资金的拨付进度 [38][39] - 公司将继续专注于客户服务、技术专长、生产效率和定价执行等可控因素,维持强劲的现金流和财务实力 [40] 问答环节重要的提问和回答 问题1 **Joe Ahlersmeyer 提问** 询问2024年各细分市场的具体预期 [45][46] **Mark Witkowski 回答** 预计2024年市政维修和更换业务将保持低单位数增长,住宅建设将有所改善,非住宅建设将基本持平 [46][47] 问题2 **Kathryn Thompson 提问** 询问公司对并购目标的偏好是否发生变化 [52][53][54] **Steve LeClair 回答** 公司并购意愿未发生明显变化,仍看好行业内优质标的,并购渠道保持畅通 [53][55] 问题3 **Nigel Coe 提问** 询问库存成本的变化情况 [61][66][67] **Mark Witkowski 回答** 公司正在持续优化库存,预计在2024年上半年仍会有一定的毛利率压力,但将通过各项举措来抵消影响 [66][67][118][119]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40650 Core & Main, Inc. (Exact name of registrant as specified in its charter) Delaware 86-3149194 (State or other jurisdiction of ...

Core & Main, Inc. (NYSE:CNM) Q2 2023 Earnings Call Transcript September 6, 2023 8:30 AM ET Company Participants Robyn Bradbury - Vice President of Finance and Investor Relations Steve LeClair - Chief Executive Officer Mark Witkowski - Chief Financial Officer Conference Call Participants Matthew Bouley - Barclays David Manthey - Baird Brian Biros - Thompson Research Mike Dahl - RBC Capital Vivek Srivastava - Goldman Sachs Patrick Baumann - JPMorgan Anthony Pettinari - Citi David Ridley-Lane - Bank of America ...

Fiscal 2023 Second Quarter Results CAUTIONARY STATEMENTS Cautionary Note Regarding Forward-Looking Statements This presentation and accompanying discussion may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, all statements other than statements of historical or current facts relating to our intentions, beliefs, assumptions or current expectations concerning, among other things, our future ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40650 Core & Main, Inc. (Exact name of registrant as specified in its charter) Delaware 86-3149194 (State or other jurisdiction of (I ...