While reporting financial results for the fourth quarter on Tuesday, Core & Main, Inc. (CNM), a distributor of water, wastewater, storm drainage and fire protection products, said it now expects net sales for the full-year 2026 between $7.80 billion and $7.90 billion, reflecting net sales growth of 2 to 3 percent.
In Tuesday's pre-market trading, CNM is trading on the NYSE at $47.40, down $1.01 or 2.09 percent.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.