Core & Main

Last updated
Core & Main, Inc.
Company type Public company
Industry Water treatment
Fire protection
FoundedAugust 2017;8 years ago (2017-08)
Headquarters
St. Louis, Missouri
,
United States
Key people
Steve LeClair (CEO)
Jack Schaller (President)
ProductsDistributor of water, sewer and fire protection products
RevenueIncrease2.svg US$7.441 billion (2024)
Increase2.svg US$411 million (2024)
Total assets Increase2.svg US$5.870 billion (2024)
Total equity Increase2.svg US$1.774 billion (2024)
Number of employees
5,700 (2024)
Website coreandmain.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]

Contents

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

DateCompanyRef
May 2019Long Island Pipe Supply [6]
February 2019Maskell Pipe & Supply [7]
January 2019DCL Fabrication & Supply [8]
August 2018Finish Line Systems   [9]
July 2018DOT Sales Company [10]
June 2018St. Louis Fabrication & Supply [11]
September 2017Minnesota Pipe & Equipment [12]

Financials

FY Year (ending February 2)Revenue
(billion $)		Gross Profit
(billion $)		Net Income
(billion $)
20183.200.710.037
20193.390.790.036
20203.360.870.037
20215.001.280.225
20226.651.790.581
20236.701.820.371
20247.441.980.411

References

  1. 1 2 3 4 5 6 "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.

38°41′30.9″N90°26′29.7″W / 38.691917°N 90.441583°W / 38.691917; -90.441583

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