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Core & Main

Core & Main, Inc.
Company typePublic company
IndustryWater treatment
Fire protection
FoundedAugust 2017; 8 years ago (2017-08)
Headquarters,
Key people
Steve LeClair (CEO)
Jack Schaller (President)
ProductsDistributor of water, sewer and fire protection products
RevenueIncrease US$7.441 billion (2024)
Increase US$411 million (2024)
Total assetsIncrease US$5.870 billion (2024)
Total equityIncrease US$1.774 billion (2024)
Number of employees
5,700 (2024)
Websitecoreandmain.com
Footnotes / references
[1]

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

  1. ^ a b c d e f "Core & Main, Inc. 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 25, 2025.
  2. ^ "Fortune 500: Core & Main". Fortune.
  3. ^ "HD Supply Waterworks Changes Name To Core & Main". wateronline.com. August 30, 2017.
  4. ^ "HD Supply Completes Sale of its Waterworks Business Unit to Clayton, Dubilier & Rice" (Press release). GlobeNewswire. August 1, 2017.
  5. ^ "CD&R-backed Core & Main valued at $7 billion as shares rise in debut". Reuters. July 23, 2021.
  6. ^ "Core & Main Signs Definitive Agreement to Acquire Long Island Pipe" (Press release). GlobeNewswire. 8 May 2019.
  7. ^ "Core & Main closes acquisition of Maskell Pipe & Supply". waterfm.com. February 5, 2019.
  8. ^ "Core & Main Signs Definitive Agreement to Acquire DCL Fabrication & Supply Inc". Industrial Distribution. January 23, 2019.
  9. ^ "Core & Main Adds To Waterworks, Acquires DOT Sales Company". Industrial Distribution. August 15, 2018.
  10. ^ "Core & Main Acquires DOT Sales Company, Adds to Growing Waterworks Business". Industrial Distribution. July 31, 2018.
  11. ^ Withers, Andrew (June 18, 2018). "Core & Main acquires St. Louis maker of fire protection products". St. Louis Post-Dispatch.
  12. ^ "Core & Main to Acquire Minnesota Pipe & Equipment". Industrial Distribution. September 28, 2017.
  • Official website
  • Business data for Core & Main, Inc.:


38°41′30.9″N 90°26′29.7″W / 38.691917°N 90.441583°W / 38.691917; -90.441583

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