Core & Main: Despite A Stellar Quarter, Market-Beating Upside Is Unlikely
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Core & Main reported strong Q3 2024 results with an 11.5% revenue increase and EPS growth. Despite this, mixed cash flow metrics and high valuation suggest maintaining a 'hold' rating. The company is focused on growth with 10 acquisitions this year.
December 04, 2024 | 10:30 pm
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Core & Main's Q3 2024 results exceeded expectations with revenue up 11.5% and EPS rising. However, mixed cash flow metrics and high valuation lead to a 'hold' rating. The company is focused on growth with 10 acquisitions this year.
Despite strong earnings, the mixed cash flow metrics and high valuation suggest limited short-term upside, justifying a 'hold' rating. The company's growth strategy through acquisitions is positive but not enough to change the rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100