A busted furnace in January or a cracked water main under Main Street share something important: neither waits for the economy to cooperate.
Core & Main is upgraded from ‘hold' to a soft ‘buy' after shares fell, making the stock attractively valued both absolutely and relative to peers. CNM maintained guidance for FY2026, projecting revenue of $7.8–$7.9B and EBITDA of $950–$980M, signaling management confidence despite recent earnings misses. Growth was driven by fire protection products and acquisitions, while smart utility and storm drainage segments faced short-term headwinds and tepid performance.
Core & Main NYSE: CNM reported higher fiscal 2026 second-quarter sales, adjusted EBITDA and adjusted earnings per share, supported by municipal infrastructure activity, treatment plant projects, fire protection demand and growing data center-related work.
| Consumer Staples Distribution & Retail Industry | Consumer Staples Sector | Mark R. Witkowski CEO | XMEX Exchange | US21874C1027 ISIN |
| US Country | 5,600 Employees | - Last Dividend | - Last Split | - IPO Date |
Core & Main, Inc. is a crucial distributor of water, wastewater, storm drainage, and fire protection products along with related services in the United States. Catering to municipalities, private water companies, and professional contractors, the company operates across municipal, non-residential, and residential end markets. Offering a vast array of products aimed at the maintenance, repair, replacement, and construction of critical infrastructure, Core & Main was established in 1874 and has its headquarters in Saint Louis, Missouri.