Core & Main, (NYSE:CNM), St. Louis-based waterworks and industrial supplies distributor, reported first-quarter sales for the period ending April 28, 2024, were $1.7 billion, up 10.6% from the same period a year ago. Profit was $101 million.
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The company closed five acquisitions during and after the quarter: Eastern Supply, Dana Kepner, ACF West, EGW Utilities and Geothermal Supply Company.
“End market demand was solid in the first quarter and our teams continue to make progress executing our product, customer and geographic expansion initiatives to drive above market growth,” said Steve LeClair, CEO of Core & Main. We were pleased to achieve low single-digit organic net sales growth, double-digit total net sales growth and strong operating cash flow for the quarter.”
Core & Main has over 350 locations across the U.S.
