Core & Main (CNM) Rises Amid Market Decline: Key Insights You Should Be Aware Of
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
0mins
Source: NASDAQ.COM
Core & Main Stock Performance: Core & Main (CNM) closed at $64.83, up 1.11%, outperforming the S&P 500's slight loss and showing a monthly gain of 3.42% compared to the Industrial Products sector.
Upcoming Earnings Report: Investors are keenly awaiting Core & Main's earnings report, with projections of $0.78 per share, reflecting a 27.87% year-over-year growth, and anticipated revenue of $2.11 billion, a 7.54% increase from last year.
Analyst Estimates and Zacks Rank: Recent changes in analyst estimates suggest a favorable outlook for Core & Main, which currently holds a Zacks Rank of #3 (Hold), indicating stable EPS projections over the past month.
Valuation Metrics: Core & Main has a Forward P/E ratio of 26.12, higher than the industry average of 20.26, and a PEG ratio of 1.89, slightly above the industry average of 1.73, suggesting a premium valuation amidst a challenging industry ranking.
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Analyst Views on CNM
Wall Street analysts forecast CNM stock price to rise
9 Analyst Rating
6 Buy
2 Hold
1 Sell
Moderate Buy
Current: 46.430
Low
40.00
Averages
58.88
High
65.00
Current: 46.430
Low
40.00
Averages
58.88
High
65.00
About CNM
Core & Main, Inc. specializes in advancing reliable infrastructure with local service, nationwide. The Company, as a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. With more than 370 locations across the United States, the Company provides its customers with local expertise backed by a national supply chain. The Company also has operations in Canada. The Company's products include pipes, valves, fittings, storm drainage products, fire protection products, meter products and other products. The Company complements its core products through additional offerings, including fusible high-density polyethylene (fusible HDPE) piping solutions, specifically engineered treatment plant products, geosynthetics and erosion control products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Surge in Options Trading Volume for MSG and CNM
- Active Options Trading for MSG: Madison Square Garden Sports Corp (MSGS) saw options trading volume of 1,820 contracts today, representing approximately 182,000 shares, which is about 73.8% of its average daily trading volume of 246,540 shares over the past month, indicating strong market interest in its future performance.
- High Strike Call Options: Within MSGS, the $390 strike call option has seen 492 contracts traded today, equating to approximately 49,200 shares, reflecting investor expectations for the stock's upward movement before the June 18, 2026 expiration.
- Surge in CNM Options Trading: Core & Main Inc (CNM) experienced an options trading volume of 16,608 contracts today, representing around 1.7 million shares, or approximately 72.6% of its average daily trading volume of 2.3 million shares over the past month, showcasing strong market interest in its stock.
- Concentration in Call Options: For CNM, the $52.50 strike call option has seen 8,464 contracts traded today, representing about 846,400 shares, indicating a strong bullish sentiment among investors for the stock ahead of the June 18, 2026 expiration.
See More
Core & Main Q1 Earnings Exceed Expectations
- Earnings Beat: Core & Main reported a Q1 non-GAAP EPS of $0.72, exceeding expectations by $0.15, which reflects the company's strong profitability and boosts investor confidence.
- Stable Revenue: The company achieved revenue of $1.91 billion, flat year-over-year, beating market expectations by $20 million, indicating a stable sales performance in a competitive market environment.
- Full-Year Outlook Reaffirmed: Core & Main reaffirmed its fiscal 2026 outlook, projecting net sales between $7.8 billion and $7.9 billion, reflecting a growth of 2% to 3%, demonstrating management's confidence in future growth.
- Adjusted EBITDA Metrics: The company expects adjusted EBITDA to range from $950 million to $980 million, with an adjusted EBITDA margin of 12.2% to 12.4%, indicating ongoing efforts in cost control and profitability enhancement.
See More
Core & Main Reports Strong Q1 2026 Earnings with Stable Guidance
- Strong Financial Performance: Core & Main reported Q1 fiscal 2026 net sales of $1.9 billion, adjusted EBITDA of $226 million, and adjusted EPS of $0.72, indicating a solid financial foundation amid strong municipal demand.
- Market Demand Analysis: While municipal demand remains robust with approximately 95% of water infrastructure funding supported by state and local sources, the residential market faces challenges, with near-term activity expected to be influenced by interest rates and affordability, reflecting market uncertainty.
- Expansion Plans: The company opened five new greenfield locations during the quarter and plans to establish eight to ten in fiscal 2026, demonstrating a proactive strategy to capture market opportunities and expand geographic coverage.
- Shareholder Returns: Year-to-date, the company has deployed $125 million in share repurchases, approximately 80% of the total from fiscal 2025, highlighting its commitment to shareholder returns while continuously optimizing its capital structure.
See More
Core Main (CNM) Q3 2025 Earnings Transcript
See More
Core and Main (CNM) Q1 2026 Earnings Transcript
See More
Core & Main Reports Strong Q1 Results with Growth in Key Metrics
- Stable Sales Performance: Core & Main reported net sales of $1.9 billion in Q1, consistent with the previous year, demonstrating the company's stability and resilience in the market despite challenges in the residential sector.
- Improved Profitability: Adjusted EBITDA reached $226 million, a 1% increase year-over-year, while adjusted diluted EPS rose 6% to $0.72, reflecting the company's success in cost management and operational efficiency.
- Expansion Plans: The company opened five new greenfield locations in Q1 and plans to establish 8 to 10 additional sites in fiscal 2026, indicating strong growth potential and demand in the infrastructure sector.
- Acquisition Opportunities: Core & Main is actively pursuing acquisition opportunities to expand capabilities and geographic reach, maintaining a robust pipeline of potential deals despite facing geopolitical uncertainties and PVC pricing pressures.
See More
Surge in Options Trading Volume for MSG and CNM
- Active Options Trading for MSG: Madison Square Garden Sports Corp (MSGS) saw options trading volume of 1,820 contracts today, representing approximately 182,000 shares, which is about 73.8% of its average daily trading volume of 246,540 shares over the past month, indicating strong market interest in its future performance.
- High Strike Call Options: Within MSGS, the $390 strike call option has seen 492 contracts traded today, equating to approximately 49,200 shares, reflecting investor expectations for the stock's upward movement before the June 18, 2026 expiration.
- Surge in CNM Options Trading: Core & Main Inc (CNM) experienced an options trading volume of 16,608 contracts today, representing around 1.7 million shares, or approximately 72.6% of its average daily trading volume of 2.3 million shares over the past month, showcasing strong market interest in its stock.
- Concentration in Call Options: For CNM, the $52.50 strike call option has seen 8,464 contracts traded today, representing about 846,400 shares, indicating a strong bullish sentiment among investors for the stock ahead of the June 18, 2026 expiration.
See More
Core & Main Q1 Earnings Exceed Expectations
- Earnings Beat: Core & Main reported a Q1 non-GAAP EPS of $0.72, exceeding expectations by $0.15, which reflects the company's strong profitability and boosts investor confidence.
- Stable Revenue: The company achieved revenue of $1.91 billion, flat year-over-year, beating market expectations by $20 million, indicating a stable sales performance in a competitive market environment.
- Full-Year Outlook Reaffirmed: Core & Main reaffirmed its fiscal 2026 outlook, projecting net sales between $7.8 billion and $7.9 billion, reflecting a growth of 2% to 3%, demonstrating management's confidence in future growth.
- Adjusted EBITDA Metrics: The company expects adjusted EBITDA to range from $950 million to $980 million, with an adjusted EBITDA margin of 12.2% to 12.4%, indicating ongoing efforts in cost control and profitability enhancement.
See More
Core & Main Reports Strong Q1 2026 Earnings with Stable Guidance
- Strong Financial Performance: Core & Main reported Q1 fiscal 2026 net sales of $1.9 billion, adjusted EBITDA of $226 million, and adjusted EPS of $0.72, indicating a solid financial foundation amid strong municipal demand.
- Market Demand Analysis: While municipal demand remains robust with approximately 95% of water infrastructure funding supported by state and local sources, the residential market faces challenges, with near-term activity expected to be influenced by interest rates and affordability, reflecting market uncertainty.
- Expansion Plans: The company opened five new greenfield locations during the quarter and plans to establish eight to ten in fiscal 2026, demonstrating a proactive strategy to capture market opportunities and expand geographic coverage.
- Shareholder Returns: Year-to-date, the company has deployed $125 million in share repurchases, approximately 80% of the total from fiscal 2025, highlighting its commitment to shareholder returns while continuously optimizing its capital structure.
See More
Core Main (CNM) Q3 2025 Earnings Transcript
See More
Core and Main (CNM) Q1 2026 Earnings Transcript
See More
Core & Main Reports Strong Q1 Results with Growth in Key Metrics
- Stable Sales Performance: Core & Main reported net sales of $1.9 billion in Q1, consistent with the previous year, demonstrating the company's stability and resilience in the market despite challenges in the residential sector.
- Improved Profitability: Adjusted EBITDA reached $226 million, a 1% increase year-over-year, while adjusted diluted EPS rose 6% to $0.72, reflecting the company's success in cost management and operational efficiency.
- Expansion Plans: The company opened five new greenfield locations in Q1 and plans to establish 8 to 10 additional sites in fiscal 2026, indicating strong growth potential and demand in the infrastructure sector.
- Acquisition Opportunities: Core & Main is actively pursuing acquisition opportunities to expand capabilities and geographic reach, maintaining a robust pipeline of potential deals despite facing geopolitical uncertainties and PVC pricing pressures.
See More
