Shares of Core & Main, Inc. (CNM) are experiencing a significant surge of approximately 15% on Tuesday morning, spurred by the company’s announcement of its third-quarter financial results.
At present, Core & Main’s stock is valued at $55.65, marking a 15.24% increase on the New York Stock Exchange.
During the third quarter, the company reported a rise in net income attributable to shareholders, climbing to $133 million, or $0.69 per share, compared to $112 million, or $0.65 per share, in the same period last year.
Looking ahead, Core & Main anticipates its full-year 2024 sales to be in the range of $7,350 million to $7,450 million, with adjusted EBITDA expected to be between $915 million and $935 million.