Core & Main (NYSE: CNM), a St. Louis–based waterworks and industrial supplies distributor, reported fiscal fourth-quarter sales for the period ending Feb. 2, 2025, were $1.7 billion, up 18%. Profit was $67 million, down 11.8%.
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Sales for the full year 2024 were $7.4 billion, up 11% from 2023. Profit was $434 million, down 18.3% from last year.
Steve LeClair, CEO of Core & Main, said: “With growing demand for innovative water infrastructure solutions, we continue to add new products, branches and capabilities to strengthen our leadership position in the industry. We also completed 10 acquisitions to expand our presence in important geographies, gain access to new product lines and add key talent.”
Also announced March 25: LeClair will transition to the role of executive chair, where he will act as an advisor to the business, while continuing to lead the board of directors of Core & Main. Mark Witkowski, Core & Main’s current CFO, will succeed LeClair as CEO and become a member of the board. Additionally Robyn Bradbury, Core & Main’s current senior vice president of finance and investor relations, will succeed Witkowski as CFO.
