Core & Main announces $500M share repurchase authorization

Core & Main announced that its board of directors has authorized the repurchase of up to $500M of the Company’s outstanding shares of Class A common stock. “We remain confident in our ability to grow faster than our end markets, while expanding profitability and generating strong cash flow. Today’s Repurchase Authorization displays our commitment to returning capital to shareholders. Our expectation of strong cash generation will allow us to continue investing in growth, both organically and inorganically, while returning capital to shareholders to compound long-term value creation,” said Steve LeClair, chair and CEO of Core & Main. .