Core & Main, headquartered in St. Louis, Missouri, distributes products used for water, wastewater, storm drainage, and fire protection in the United States. Customers include municipalities, private water companies, and professional contractors.[1] The company has 370 branch locations in 49 U.S. states, 60,000 customers, and sells 225,000 products.[1]
In fiscal 2024, 67% of the company’s sales were pipes, valves, and piping and plumbing fittings, 16% of the company’s sales were products for storm drainage, 8% of the company’s sales were products for fire protection, and 9% of the company’s sales were products for water metering.[1] In fiscal 2024, 42% of sales were from the municipal construction sector, 38% of sales were from the non-residential construction sector, and 20% of sales were from the residential construction sector.[1]
The company is ranked 497th on the Fortune 500.[2]
History
In 2005, Home Depot acquired National Waterworks Holdings. It was merged with Hughes Supply and became HD Supply Waterworks.[1]
In August 2017, Clayton, Dubilier & Rice acquired HD Supply Waterworks and changed its name to Core & Main.[3][4]
In July 2021, the company became a public company via an initial public offering.[5]
Acquisitions
| Date | Company | Ref |
|---|---|---|
| May 2019 | Long Island Pipe Supply | [6] |
| February 2019 | Maskell Pipe & Supply | [7] |
| January 2019 | DCL Fabrication & Supply | [8] |
| August 2018 | Finish Line Systems | [9] |
| July 2018 | DOT Sales Company | [10] |
| June 2018 | St. Louis Fabrication & Supply | [11] |
| September 2017 | Minnesota Pipe & Equipment | [12] |
Financials
| FY Year (ending February 2) | Revenue (billion $) |
Gross Profit (billion $) |
Net Income (billion $) |
|---|---|---|---|
| 2018 | 3.20 | 0.71 | 0.037 |
| 2019 | 3.39 | 0.79 | 0.036 |
| 2020 | 3.36 | 0.87 | 0.037 |
| 2021 | 5.00 | 1.28 | 0.225 |
| 2022 | 6.65 | 1.79 | 0.581 |
| 2023 | 6.70 | 1.82 | 0.371 |
| 2024 | 7.44 | 1.98 | 0.411 |
References
- ^ a b c d e f “Core & Main, Inc. 2024 Form 10-K Annual Report”. U.S. Securities and Exchange Commission. March 25, 2025.
- ^ “Fortune 500: Core & Main”. Fortune.
- ^ “HD Supply Waterworks Changes Name To Core & Main”. wateronline.com. August 30, 2017.
- ^ “HD Supply Completes Sale of its Waterworks Business Unit to Clayton, Dubilier & Rice” (Press release). GlobeNewswire. August 1, 2017.
- ^ “CD&R-backed Core & Main valued at $7 billion as shares rise in debut”. Reuters. July 23, 2021.
- ^ “Core & Main Signs Definitive Agreement to Acquire Long Island Pipe” (Press release). GlobeNewswire. 8 May 2019.
- ^ “Core & Main closes acquisition of Maskell Pipe & Supply”. waterfm.com. February 5, 2019.
- ^ “Core & Main Signs Definitive Agreement to Acquire DCL Fabrication & Supply Inc”. Industrial Distribution. January 23, 2019.
- ^ “Core & Main Adds To Waterworks, Acquires DOT Sales Company”. Industrial Distribution. August 15, 2018.
- ^ “Core & Main Acquires DOT Sales Company, Adds to Growing Waterworks Business”. Industrial Distribution. July 31, 2018.
- ^ Withers, Andrew (June 18, 2018). “Core & Main acquires St. Louis maker of fire protection products”. St. Louis Post-Dispatch.
- ^ “Core & Main to Acquire Minnesota Pipe & Equipment”. Industrial Distribution. September 28, 2017.
External links
- Official website
- Business data for Core & Main, Inc.: