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Home » Distribution Industry News » Core & Main 2023 Sales Up 0.8%

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  • Published on: March 20, 2024

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Distribution Industry News

Core & Main 2023 Sales Up 0.8%

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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