Description

Core & Main, Inc.: Will The Acquisition of HM Pipe Products Be A Game Changer? 

Core & Main, a prominent distributor in water, wastewater, storm drainage, and fire protection products, recently announced its fiscal 2024 second-quarter results, revealing a mix of operational strengths and market-related challenges. Core & Main maintains a strong position in the water infrastructure distribution sector, catering to over 60,000 customers with no single customer accounting for more than 1% of annual revenue. Its extensive network of over 350 branches across 49 states underscores its vast reach, enabling it to serve a wide geographic area. The company has adopted an aggressive growth strategy, driven
significantly by acquisitions, which contribute around 9% of its overall growth. In addition, its expansion into the Canadian market, estimated to be worth approximately $5 billion, signals an important step in geographic diversification and broader market access.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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