Core & Main, Inc. Class A (CNM) Covered Calls

Core & Main Inc. is a leading specialized distributor of water, wastewater, storm drainage, and fire protection products in the United States. The company provides essential infrastructure solutions to municipalities, private water companies, and professional contractors. With a vast national supply chain and hundreds of local branches, it facilitates the maintenance, repair, and construction of critical underground water systems and fire protection networks across North America.

You can sell covered calls on Core & Main, Inc. Class A to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for CNM (prices last updated Fri 4:16 PM ET):

Core & Main, Inc. Class A (CNM) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
58.18 +0.55 56.95 59.40 1.9M 25 11
Covered Calls For Core & Main, Inc. Class A (CNM)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 57.5 1.30 58.10 -1.0% -45.6%
Mar 20 57.5 2.80 56.60 1.6% 16.2%
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Core Business and Products

Core & Main operates as a vital intermediary in the water infrastructure supply chain, offering a "one-stop-shop" for over 60,000 customers. Its extensive product portfolio includes pipes, valves, hydrants, and fittings used for the service and repair of municipal water systems. The company also specializes in storm drainage products, such as retention basins and corrugated piping, as well as comprehensive fire protection solutions including sprinkler heads and fabrication services. By combining national scale with local expertise, Core & Main provides technical support and logistical efficiency for large-scale infrastructure projects and urgent utility repairs.

Competitive Landscape

The waterworks distribution market is highly fragmented, with competition ranging from large national distributors to local specialty houses. Core & Main primarily competes with other major industrial distributors such as Wesco International, Inc. and Applied Industrial Technologies, Inc.. In the specialized drainage sector, it faces competition from manufacturers with direct distribution arms like Watsco, Inc. and Advanced Drainage Systems, Inc.. The company differentiates itself through its aggressive acquisition strategy and its "Online Advantage" digital platform, which allows contractors to manage complex project bidding and material tracking in real time.

Strategic Outlook and Innovation

The company is strategically focused on capitalizing on the multi-decade cycle of aging infrastructure replacement and increased federal funding for water safety. Innovation efforts are centered on the expansion of "smart" water technology, including Advanced Metering Infrastructure (AMI) that allows municipalities to monitor water usage and detect leaks remotely. Core & Main is also investing in its private-label product lines to drive gross margin expansion and reduce supply chain volatility. By prioritizing the integration of sustainable stormwater management systems and expanding its footprint into high-growth geographic markets through disciplined mergers and acquisitions, the firm aims to consolidate its leadership position while improving operational leverage and service speed.