Core & Main (NYSE: CNM), St. Louis–based waterworks and industrial supplies distributor, reported fourth-quarter sales for the period ending Jan. 28, 2024, were $1.4 billion, up from $1.37 billion in the same period a year ago. Profit was $63 million.
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Sales for the full year 2023 were $6.7 billion, up 0.8% from 2022. Profit was $531 million, down slightly from last year.
Steve LeClair, CEO of Core & Main, said: “We invested $780 million on 10 acquisitions during and after the year to enhance our geographic footprint, expand our product offering and acquire key talent.
“We expect end-market volumes to improve in fiscal 2024, providing a foundation for us to gain market share through the execution of our product, customer and geographic expansion initiatives.”
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