Core & Main
American industrial company
From Wikipedia, the free encyclopedia
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]
| |
| Company type | Public company |
|---|---|
| Industry | Water treatment Fire protection |
| Founded | August 2017 |
| Headquarters | , |
Key people | Steve LeClair (CEO) Jack Schaller (President) |
| Products | Distributor of water, sewer and fire protection products |
| Revenue |  US$7.441 billion (2024) |
| US$411 million (2024) | |
| Total assets | US$5.870 billion (2024) |
| Total equity | US$1.774 billion (2024) |
Number of employees | 5,700 (2024) |
| Website | coreandmain |
| Footnotes / references [1] | |
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
Financials
| FY Year (ending February 2) | Revenue (billion $) | Gross Profit (billion $) | Net Income (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 |