Core & Main Inc

NYSE CNM

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Core & Main Inc Return on Tangible Equity (ROTE) 2 year CAGR for the quarter ending December 31, 2023: 24.81%

Core & Main Inc Return on Tangible Equity (ROTE) 2 year CAGR is 24.81% for the quarter ending December 31, 2023, a -93.74% change year over year. Return on tangible equity measures the profitability of a company relative to its tangible equity, which is shareholders' equity minus goodwill and intangible assets. It is calculated by dividing the net income by the tangible equity. This ratio indicates the return generated for each unit of tangible equity invested by the shareholders. A higher return on tangible equity suggests better profitability and value creation for the shareholders' tangible investment. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Core & Main Inc Return on Tangible Equity (ROTE) for the quarter ending December 31, 2022 was -14.41%, a -218.48% change year over year.
Core & Main Inc Return on Tangible Equity (ROTE) for the quarter ending December 31, 2021 was -4.52%, a -673.61% change year over year.
Core & Main Inc Return on Tangible Equity (ROTE) for the quarter ending December 31, 2020 was -0.58%.

NYSE: CNM

Core & Main Inc

CEO	Mr. Stephen O. LeClair
IPO Date	July 22, 2021
Location	United States
Headquarters	1830 Craig Park Court, Saint Louis, MO, United States, 63146
Employees	5,000
Sector	Industrials
Industry	Industrial distribution

Description

Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter sets, meter accessories, installation, software, and other services. The company's specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure. Core & Main, Inc. was founded in 1874 and is headquartered in Saint Louis, Missouri.

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