Core & Main: A Closer Look at Recent Surge and Future Growth Plans

Friday, 22 March 2024, 11:36
Shares in water infrastructure distributor Core & Main surged 13.7% this past week on the back of strong Q4 earnings. Despite challenges in 2023, the company's growth prospects remain promising, fueled by strategic acquisitions and market consolidation. With a clear growth strategy and potential sales target of $10 billion by 2028, investors are eyeing Core & Main for long-term potential.
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Core & Main: A Closer Look at Recent Surge and Future Growth Plans

Core & Main's Challenging 2023

The water and wastewater products distributor, Core & Main, experienced a modest 0.8% rise in full-year sales to $6.7 billion in 2023. Despite slowing end markets, the company is positioned for growth by consolidating markets and expanding geographically.

Core & Main's Growth Strategy

CEO Stephen LeClair plans to reach $10 billion in sales by 2028 through organic growth and strategic acquisitions, leveraging the company's leadership position in a fragmented market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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