Core & Main Stock Soars on Strong Results, Boosted Outlook
Core & Main(CNM) Investopedia·2024-12-04 02:58
Key TakeawaysCore & Main exceeded third-quarter earnings and revenue forecasts and raised its outlook as it benefited from acquisitions.The provider of water and sewer infrastructure set records for quarterly revenue and adjusted EBITDA.CEO Steve LeClair said the company's five acquisitions during and after the quarter expanded its presence in important geographies, and helped it gain new product lines and key talent. Core & Main (CNM) shares soared 15% Tuesday as the company reported better-than-expected r ...