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Core & Main Stock Gains Over Announcement Of Increased Q3 Income, Uplifted FY24 Outlook

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Shares of Core & Main, Inc. (CNM) are climbing about 15 percent on Tuesday morning following the announcement of third-quarter reports.

Currently, Core & Main's stock is trading at $55.65, up 15.24 percent on the New York Stock Exchange.

For the quarter, net income attributable to the company for the third quarter increased to $133 million or $0.69 per share from $112 million or $0.65 per share last year.

The company now expects sales to range from $7,350 to $7,450 million and adjusted EBITDA to range from $915 to $935 million for the full year 2024.

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