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ST. LOUIS ~ St. Louis-based company Core & Main Inc. (NYSE: CNM) has announced the launch of a secondary public offering of 19.8 million shares of its Class A common stock by certain selling stockholders. The company, which specializes in providing solutions for water, wastewater, storm drainage, and fire protection products and services, will not be offering any shares in the offering and will not receive any proceeds from it.

The offering is subject to market and other conditions, and there is no guarantee as to when or if it will be completed. Along with the offering, Core & Main also plans to repurchase and redeem 3.13 million shares of its Class A common stock and 1.87 million partnership interests of its subsidiary Core & Main Holdings, LP at the same per share price paid by the underwriters in the offering.

J.P. Morgan and Citigroup are acting as joint lead book-running managers for the offering. The underwriters may offer the shares of Class A common stock through various means such as on the New York Stock Exchange (NYSE), over-the-counter market, negotiated transactions, or at market prices prevailing at the time of sale.

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A shelf registration statement has been filed with the Securities and Exchange Commission (SEC) for these securities and is currently effective. Interested parties are advised to read this statement along with other documents filed with the SEC before investing in Core & Main or this offering. These documents can be obtained for free from EDGAR on the SEC website or from J.P. Morgan or Citigroup.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any state or jurisdiction where such an offer would be unlawful without prior registration or qualification under applicable securities laws. Any offers, solicitations, or sales will comply with all registration requirements under the Securities Act of 1933.

Core & Main is a leading specialized distributor based in St. Louis, with approximately 320 locations across the United States. The company provides solutions to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential markets. With a focus on advancing reliable infrastructure, Core & Main's 4,500 associates are dedicated to helping communities thrive with safe and dependable infrastructure.

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Investors are cautioned that this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Factors that could cause actual results to differ include market conditions and other factors beyond Core & Main's control.

Overall, Core & Main's underwritten secondary public offering is a significant step for the company as it continues to expand its reach and provide reliable infrastructure solutions nationwide. Investors are advised to carefully consider all information before making any investment decisions related to this offering.
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