Core & Main

Core & Main, Inc.

Company type	Public company
Traded as	NYSE: CNM (Class A) S&P 400 component
Industry	Distributor
Predecessor	HD Supply Waterworks
Founded	August 2017; 8 years ago (2017-08)^[1]/ 1996^[2]
Headquarters	St. Louis, Missouri , United States
Key people	Steve LeClair (CEO) Jack Schaller (President)
Products	Distributor of water, sewer and fire protection products
Revenue	US$5 billion (2022)^{[citation needed]}
Net income	US$166 million (2022)^{[citation needed]}
Number of employees	4,500 (2022)^[2]
Website	coreandmain.com

Core & Main is an American company that is a distributor of water, sewer and fire protection products. It is headquartered in St. Louis, Missouri.

History

On 1 August 2017, Clayton, Dubilier & Rice acquired the Waterworks division of HD Supply and changed its name to Core & Main.^[3]^[4] Goldman Sachs & Co, LLC served as financial advisor and King & Spalding served as legal counsel to HD Supply on the transaction.^[5]

SEC filings from December 2014 show that The Carlyle Group and Clayton, Dubilier, & Rice had sold off their holdings of HD Supply 3 years before this purchase of the Waterworks division.^[6]

Acquisitions

Company	Headquartered	Date	Ref
Long Island Pipe Supply, Inc.	Garden City, NY	2019-05-08	^[7]
Maskell Pipe & Supply, Inc	Corona, CA	2019-02-05	^[8]
DCL Fabrication & Supply	Bridgeton, MO	2019-01-21	^{[citation needed]}
Finish Line Systems	Wheat Ridge, CO	2018-08-15	^[9]
DOT Sales Company	Fontana, CA	2018-07-31	^[10]
St. Louis Fabrication & Supply	St. Louis, MO	2018-06-18	^{[citation needed]}
Minnesota Pipe & Equipment	Farmington, MN	2017-09-28	^[11]

Corporate affairs

Head Office Locations

Core & Main, Inc. is headquartered in St. Louis, Missouri, USA. The company operates across North America, with a wide network of branch locations serving the construction, utility, and industrial sectors. Their head office in St. Louis oversees the company’s strategic operations, while regional offices and distribution centers are located across various locations to support their extensive customer base.^[12]

Financial performance

The key financial trends for Core & Main, Inc. are based on fiscal years ending February 2:^[13]

Year	Revenue (USD billion)	Gross Profit (USD billion)	Net Income (USD 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

^ coreandmain.com – About us
^ ^a ^b bloomberg.com – Core & Main LP
^ wateronline.com – HD Supply Waterworks Changes Name To Core & Main
^ bloomberg.com – Trading Companies and Distributor: Company Overview of HD Supply Waterworks Group and HD Supply Waterworks and Certain Other Waterworks Business Assets
^ hdsupply.com – HD Supply Completes Sale of its Waterworks Business Unit to Clayton, Dubilier & Rice, 1 August 2017.
^ "HD Supply Holdings, Inc. Announces Pricing of Sale of 40,661,072 Shares of Common Stock by Selling Stockholders". HD Supply. December 11, 2014. Archived from the original on January 20, 2015. Retrieved May 2, 2019.
^ globenewswire.com – Core & Main Signs Definitive Agreement to Acquire Long Island Pipe, 8 May 2019
^ waterfm.com – Core & Main closes acquisition of Maskell Pipe & Supply
^ inddist.com – Core & Main Adds To Waterworks, Acquires DOT Sales Company
^ inddist.com – Core & Main Acquires DOT Sales Company, Adds to Growing Waterworks Business
^ inddist.com – Core & Main to Acquire Minnesota Pipe & Equipment
^ "Core & Main Company Overview". Retrieved 12 August 2025.
^ "Core & Main Financial Overview". Smartfin. Retrieved 12 August 2025.

External links

Official website
Business data for Core & Main, Inc.:

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