CNM on NYSE
Logo: Core & Main, Public domain, via Wikimedia Commons5
American industrial company
Core & Main, headquartered in St. Louis, Missouri, distributes products used for water, wastewater, storm drainage, and fire protection in the United States. Customers include municipalities, private water companies, and professional contractors. The company has 370 branch locations in 49 U.S. states, 60,000 customers, and sells 225,000 products.3 It is part of Home Depot Supply.1 Its shares trade on NYSE under the symbol CNM.1 Wikipedia text CC BY-SA 4.0
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Last updated Oct 21, 2026.
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Core & Main, headquartered in St. Louis, Missouri, distributes products used for water, wastewater, storm drainage, and fire protection in the United States. Customers include municipalities, private water companies, and professional contractors. The company has 370 branch locations in 49 U.S. states, 60,000 customers, and sells 225,000 products.3
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue by product, business segment and region, as the company reports it to the SEC.
Pipes, Valves, And Fitting Products brought in 67% of the revenue Core & Main broke down this way in fiscal 2026.
| Products and services | 2024 | 2025 | 2026 |
|---|---|---|---|
| Pipes, Valves, And Fitting Products | $4.5B | $5.0B | $5.1B |
| Storm Drainage Products | $985.0M | $1.1B | $1.2B |
| Meter Products | $525.0M | $692.0M | $716.0M |
| Fire Protection Products | $688.0M | $596.0M | $600.0M |
Out of $7.6B in revenue.6
Out of $650.0M of cash from operations.6
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 |
|---|---|---|---|
| Net sales | $7.6B | $7.4B | $6.7B |
| Cost of sales | $5.6B | $5.5B | $4.9B |
| Gross profit | $2.1B | $2.0B | $1.8B |
| Selling, general and administrative | $1.2B | $1.1B | $931.0M |
| Depreciation and amortization | $183.0M | $183.0M | $147.0M |
| Total operating expenses | $1.3B | $1.3B | $1.1B |
| Operating income | $722.0M | $719.0M | $740.0M |
| Interest expense | -$120.0M | -$142.0M | -$81.0M |
| Other income | $5.0M | $0 | $0 |
| Income before provision for income taxes | $607.0M | $577.0M | $659.0M |
| Provision for income taxes | $145.0M | $143.0M | $128.0M |
| Net income | $462.0M | $434.0M | $531.0M |
| Less: net income attributable to non-controlling interests | $21.0M | $23.0M | $160.0M |
| Net income attributable to Core & Main, Inc. | $441.0M | $411.0M | $371.0M |
| Basic (in dollars per share) | $2.32 | $2.14 | $2.15 |
| Diluted (in dollars per share) | $2.31 | $2.13 | $2.15 |
| Basic (shares) | 189.7M shares | 191.6M shares | 172.8M shares |
| Diluted (shares) | 197.9M shares | 201.4M shares | 227.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $220.0M | $8.0M | ||
| Receivables, net of allowance for credit losses of $22 and $18 | $1.0B | $1.1B | ||
| Inventories | $986.0M | $908.0M | ||
| Prepaid expenses and other current assets | $48.0M | $43.0M | ||
| Total current assets | $2.3B | $2.0B | ||
| Property, plant and equipment, net | $178.0M | $168.0M | ||
| Operating lease right-of-use assets | $287.0M | $244.0M | ||
| Intangible assets, net | $823.0M | $935.0M | ||
| Goodwill | $1.9B | $1.9B | $1.6B | |
| Deferred income taxes | $565.0M | $558.0M | ||
| Other assets | $10.0M | $42.0M | ||
| Total assets | $6.1B | $5.9B | ||
| Current maturities of long-term debt | $24.0M | $24.0M | ||
| Accounts payable | $512.0M | $562.0M | ||
| Accrued compensation and benefits | $123.0M | $123.0M | ||
| Current operating lease liabilities | $75.0M | $67.0M | ||
| Other current liabilities | $140.0M | $90.0M | ||
| Total current liabilities | $874.0M | $866.0M | ||
| Long-term debt | $2.1B | $2.2B | ||
| Non-current operating lease liabilities | $214.0M | $178.0M | ||
| Deferred income taxes | $89.0M | $87.0M | ||
| Tax receivable agreement liabilities | $680.0M | $706.0M | ||
| Other liabilities | $30.0M | $22.0M | ||
| Total liabilities | $4.0B | $4.1B | ||
| Additional paid-in capital | $1.2B | $1.2B | ||
| Retained earnings | $755.0M | $449.0M | ||
| Accumulated other comprehensive (loss) income | -$6.0M | $27.0M | ||
| Total stockholders equity attributable to Core & Main, Inc. | $2.0B | $1.7B | ||
| Non-controlling interests | $77.0M | $76.0M | ||
| Total stockholders equity | $2.1B | $1.8B | $1.5B | $2.4B |
| Total liabilities and stockholders equity | $6.1B | $5.9B | ||
| Allowance for credit losses | $22.0M | $18.0M |
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $220.0M | $8.0M | ||
| Receivables, net of allowance for credit losses of $22 and $18 | $1.0B | $1.1B | ||
| Inventories | $986.0M | $908.0M | ||
| Prepaid expenses and other current assets | $48.0M | $43.0M | ||
| Total current assets | $2.3B | $2.0B | ||
| Property, plant and equipment, net | $178.0M | $168.0M | ||
| Operating lease right-of-use assets | $287.0M | $244.0M | ||
| Intangible assets, net | $823.0M | $935.0M | ||
| Goodwill | $1.9B | $1.9B | $1.6B | |
| Deferred income taxes | $565.0M | $558.0M | ||
| Other assets | $10.0M | $42.0M | ||
| Total assets | $6.1B | $5.9B | ||
| Current maturities of long-term debt | $24.0M | $24.0M | ||
| Accounts payable | $512.0M | $562.0M | ||
| Accrued compensation and benefits | $123.0M | $123.0M | ||
| Current operating lease liabilities | $75.0M | $67.0M | ||
| Other current liabilities | $140.0M | $90.0M | ||
| Total current liabilities | $874.0M | $866.0M | ||
| Long-term debt | $2.1B | $2.2B | ||
| Non-current operating lease liabilities | $214.0M | $178.0M | ||
| Deferred income taxes | $89.0M | $87.0M | ||
| Tax receivable agreement liabilities | $680.0M | $706.0M | ||
| Other liabilities | $30.0M | $22.0M | ||
| Total liabilities | $4.0B | $4.1B | ||
| Additional paid-in capital | $1.2B | $1.2B | ||
| Retained earnings | $755.0M | $449.0M | ||
| Accumulated other comprehensive (loss) income | -$6.0M | $27.0M | ||
| Total stockholders equity attributable to Core & Main, Inc. | $2.0B | $1.7B | ||
| Non-controlling interests | $77.0M | $76.0M | ||
| Total stockholders equity | $2.1B | $1.8B | $1.5B | $2.4B |
| Total liabilities and stockholders equity | $6.1B | $5.9B | ||
| Allowance for credit losses | $22.0M | $18.0M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2026-01-31 | 2025-01-31 | 2024-01-31 |
|---|---|---|---|
| Net income | $462.0M | $434.0M | $531.0M |
| Depreciation and amortization | $192.0M | $194.0M | $154.0M |
| Equity-based compensation expense | $17.0M | $14.0M | $10.0M |
| Loss on debt modification and extinguishment | $28.0M | $13.0M | $2.0M |
| Other | $0 | $8.0M | $5.0M |
| (Increase) decrease in receivables | $26.0M | -$2.0M | $21.0M |
| (Increase) decrease in inventories | -$70.0M | -$36.0M | $328.0M |
| (Increase) decrease in other assets | $6.0M | -$13.0M | $2.0M |
| Increase (decrease) in accounts payable | -$59.0M | $14.0M | $11.0M |
| Increase (decrease) in accrued liabilities | $48.0M | -$5.0M | $5.0M |
| Net cash provided by operating activities | $650.0M | $621.0M | $1.1B |
| Capital expenditures | -$46.0M | -$35.0M | -$39.0M |
| Acquisitions of businesses, net of cash acquired | -$61.0M | -$741.0M | -$231.0M |
| Other | -$38.0M | -$12.0M | $0 |
| Net cash used in investing activities | -$145.0M | -$788.0M | -$270.0M |
| Repurchase and retirement of equity interests | -$155.0M | -$176.0M | -$1.3B |
| Distributions to non-controlling interest holders | -$7.0M | -$11.0M | -$41.0M |
| Payments pursuant to Tax Receivable Agreements | -$18.0M | -$11.0M | -$5.0M |
| Borrowings on asset-based revolving credit facility | $150.0M | $774.0M | $665.0M |
| Repayments on asset-based revolving credit facility | -$243.0M | -$1.1B | -$235.0M |
| Issuance of long-term debt | $0 | $950.0M | $0 |
| Repayments of long-term debt | -$24.0M | -$223.0M | -$15.0M |
| Debt issuance costs | $0 | -$15.0M | $0 |
| Other | $4.0M | -$4.0M | $0 |
| Net cash (used in) provided by financing activities | -$293.0M | $174.0M | -$975.0M |
| Increase (decrease) in cash and cash equivalents | $212.0M | $7.0M | -$176.0M |
| Cash paid for interest (excluding effects of interest rate swap) | $133.0M | $197.0M | $105.0M |
| Cash paid for income taxes | $79.0M | $143.0M | $116.0M |
No quarter-by-quarter statement was filed.
Core & Main is part of a group headed by Home Depot Supply. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Core & Main
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What Core & Main reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $379.0M6 Feb 1, 2026 | $336.0M6 Feb 2, 2025 | +12.8% |
| Accumulated depreciation | $201.0M6 Feb 1, 2026 | $168.0M6 Feb 2, 2025 | +19.6% |
| Property and equipment, net | $178.0M6 Feb 1, 2026 | $168.0M6 Feb 2, 2025 | +6.0% |
| Operating-lease assets (leased space) | $287.0M6 Feb 1, 2026 | $244.0M6 Feb 2, 2025 | +17.6% |
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $220.0M6 Feb 1, 2026 | $8.0M6 Feb 2, 2025 | +2650.0% |
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.9B6 Feb 1, 2026 | $1.9B6 Feb 2, 2025 | +1.2% |
| Finite-lived intangibles, gross | $1.8B6 Feb 1, 2026 | $1.8B6 Feb 2, 2025 | +2.0% |
| Accumulated amortization | $1.0B6 Feb 1, 2026 | $873.0M6 Feb 2, 2025 | +17.0% |
| Finite-lived intangibles, net | $823.0M6 Feb 1, 2026 | $935.0M6 Feb 2, 2025 | −12.0% |
We own our headquarters, located in St. Louis, Missouri, which we use for our principal corporate activities. In addition to our headquarters, as of February 1, 2026, we leased 331 properties and owned 47 properties. Our facilities typically include a small office space, an in-store counter and/or merchandising display area, inside warehouse space and a yard for outside storage. In addition, we have 8 distribution facilities strategically located around the U.S. to maximize efficiency of product distribution. We enter into leases with terms typically ranging from three to seven years that include renewal options. We believe that these facilities are well-maintained and adequate to support the current needs of our business.
Item 2 of the 10-K filed Mar 24, 2026.18
In 2005, Home Depot acquired National Waterworks Holdings. It was merged with Hughes Supply and became HD Supply Waterworks.
In August 2017, Clayton, Dubilier & Rice acquired HD Supply Waterworks and changed its name to Core & Main.
In July 2021, the company became a public company via an initial public offering.
From Wikipedia’s article on Core & Main, shared under CC BY-SA 4.0.8
Who has led Core & Main, and when. Pick a name to see everywhere that person has worked.
From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
431 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 234 insider forms, 24 large holders, 100 other. The latest 20:
The 431 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
115 open-market trades by officers, directors and large owners since October 2021: 2 buys and 113 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 6, 2026 | Hope James DDirector | Buy | 2,067 | $46.01 | $95.1K | Form 4 |
| Apr 17, 2026 | Bradbury Robyn LChief Financial Officer | Sale | 5,000 | $52.54 | $262.7K | Form 4 |
| Apr 7, 2026 | Hope James DDirector | Buy | 1,972 | $50.70 | $100.0K | Form 4 |
| Aug 18, 2025 | Witkowski Mark RChief Executive Officer | Sale | 100,000 | $64.08 | $6.4M | Form 4 |
| Jul 22, 2025 | Bradbury Robyn LChief Financial Officer | Sale | 5,000 | $64.51 | $322.6K | Form 4 |
| Jul 18, 2025 | Castellano James GDirector | Sale | 43,994 | $61.98 | $2.7M | Form 4 |
| Jul 18, 2025 | Kimbrough Orvin TDirector | Sale | 23,962 | $61.77 | $1.5M | Form 4 |
| Jul 17, 2025 | Witkowski Mark RChief Executive Officer | Sale | 100,000 | $61.26 | $6.1M | Form 4 |
| Jul 7, 2025 | LeClair Stephen OExecutive Chair | Sale | 44,972 | $61.91 | $2.8M | Form 4 |
| Jul 3, 2025 | LeClair Stephen OExecutive Chair | Sale | 80,028 | $62.27 | $5.0M | Form 4 |
| Jul 1, 2025 | Bradbury Robyn LChief Financial Officer | Sale | 25,000 | $60.49 | $1.5M | Form 4 |
| Jun 9, 2025 | Whittenburg Mark GGeneral Counsel and Secretary | Sale | 49,100 | $60.03 | $2.9M | Form 4 |
| Jun 6, 2025 | Whittenburg Mark GGeneral Counsel and Secretary | Sale | 900 | $60.03 | $54.0K | Form 4 |
| Jun 3, 2025 | Schneider Laura KChief Human Resources Officer | Sale | 45,695 | $56.25 | $2.6M | Form 4 |
| May 28, 2025 | Schaller John RExecutive Vice President | Sale | 9,794 | $55.00 | $538.7K | Form 4 |
| Apr 29, 2025 | Stephens John WeldonChief Accounting Officer | Sale | 31,750 | $53.03 | $1.7M | Form 4 |
| Apr 28, 2025 | Stephens John WeldonChief Accounting Officer | Sale | 10,214 | $53.02 | $541.5K | Form 4 |
| Apr 2, 2025 | Stephens John WeldonChief Accounting Officer | Sale | 41,963 | $50.48 | $2.1M | Form 4 |
| Mar 11, 2025 | Schaller John RExecutive Vice President | Sale | 19,292 | $45.00 | $868.1K | Form 4 |
| Mar 10, 2025 | Schaller John RExecutive Vice President | Sale | 21,868 | $46.82 | $1.0M | Form 4 |
All 115 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Mark R. WitkowskiChief Executive Officer | 51 | $786.5K | $9.3M68 |
| 2025 | Bradford A. CowlesPresident | 55 | $551.2K | $4.6M68 |
| 2025 | Michael G. HuebertPresident | 54 | $468.3K | $3.6M68 |
| 2025 | Robyn L. BradburyChief Financial Officer | 43 | $469.2K | $3.6M68 |
| 2025 | Mark G. WhittenburgFormer General Counsel and Secretary | $499.6K | $2.7M68 | |
| 2025 | Stephen O. LeClairFormer Executive Chair and Former Chief Executive Officer | $935.0K | $1.2M68 | |
| 2024 | Stephen O. LeClairFormer Executive Chair and Former Chief Executive Officer | $924.2K | $5.4M68 | |
| 2024 | Michael G. HuebertPresident | 54 | $225.0K | $2.1M68 |
| 2024 | Mark R. WitkowskiChief Executive Officer | 51 | $610.2K | $1.8M68 |
| 2024 | Bradford A. CowlesPresident | 55 | $482.5K | $1.5M68 |
| 2024 | Mark G. WhittenburgFormer General Counsel and Secretary | $478.8K | $1.2M68 | |
| 2023 | Stephen O. LeClairFormer Executive Chair and Former Chief Executive Officer | $882.9K | $5.5M68 | |
| 2023 | Mark R. WitkowskiChief Executive Officer | 51 | $559.2K | $1.9M68 |
| 2023 | Bradford A. CowlesPresident | 55 | $426.9K | $1.5M68 |
| 2023 | Mark G. WhittenburgFormer General Counsel and Secretary | $456.1K | $1.4M68 |
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 18,357,688 | $885.8M | 0.0% | −848,336 |
| Capital World Investors | 11,473,053 | $553.6M | 0.1% | −98,339 |
| Fmr LLC | 8,959,133 | $432.3M | 0.0% | +3,555,754 |
| Vanguard Capital Management LLC | 8,517,598 | $411.0M | 0.0% | +51,773 |
| Vanguard Portfolio Management LLC | 8,251,721 | $398.1M | 0.0% | +432,182 |
| First Trust Advisors LP | 6,248,855 | $301.5M | 0.2% | +118,015 |
| Morgan Stanley | 6,040,241 | $291.4M | 0.0% | +604,561 |
| State Street Corp | 5,908,053 | $285.1M | 0.0% | +128,276 |
| Select Equity Group, L.P. | 5,840,259 | $281.8M | 1.5% | −1,413,948 |
| Royal London Asset Management Ltd | 5,488,673 | $264.8M | 0.5% | −264,028 |
| Pictet Asset Management Holding SA | 4,962,910 | $239.5M | 0.2% | −1,551,757 |
| D. E. Shaw & Co., Inc. | 4,578,348 | $220.9M | 0.1% | +734,976 |
| Impax Asset Management Group plc | 4,203,618 | $202.8M | 1.3% | +1,352,251 |
| Amundi | 3,846,527 | $185.6M | 0.0% | +795,962 |
| Geode Capital Management, LLC | 3,576,939 | $172.6M | 0.0% | −174,191 |
| Jupiter Topco LLC | 3,409,409 | $164.5M | 0.1% | New |
| Point72 Asset Management, L.P. | 3,079,063 | $148.6M | 0.2% | +237,815 |
| Dimensional Fund Advisors LP | 2,805,308 | $135.4M | 0.0% | +144,286 |
| Camrose Capital Investment Partners LLP | 2,504,211 | $120.8M | 13.7% | +236,603 |
| Nordea Investment Management Ab | 2,488,658 | $118.7M | 0.1% | New |
| Norges Bank | 2,399,645 | $115.8M | 0.0% | New |
| Findlay Park Partners LLP | 2,395,854 | $115.6M | 1.6% | +399,126 |
| Neuberger Berman Group LLC | 2,362,339 | $114.0M | 0.1% | +1,840,403 |
| Fiduciary Management Inc /wi/ | 2,308,589 | $111.4M | 1.6% | −173,921 |
| Spruce House Investment Management LLC | 2,150,000 | $103.7M | 3.1% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
12 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Aug 25, 2026 | April McClain DelaneyDemocratic, House | Sale | $100,001 - $250,000 | +5.5% | Report |
| Jun 12, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +17.2% | Report |
| Oct 31, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | +32.7% | Report |
| Oct 30, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | −33.3% | Report |
| Oct 30, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | +33.3% | Report |
| Sep 11, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | −32.4% | Report |
| Aug 11, 2025 | April McClain DelaneyDemocratic, House | Partial sale | $15,001 - $50,000 | +55.5% | Report |
| Aug 4, 2025 | April McClain DelaneyDemocratic, House | Partial sale | $15,001 - $50,000 | +56.5% | Report |
| Jun 17, 2025 | Lisa C. McClainRepublican, House | Sale | $1,001 - $15,000 | +53.7% | Report |
| Jun 11, 2025 | Lisa C. McClainRepublican, House | Buy | $1,001 - $15,000 | −55.2% | Report |
| Apr 7, 2025 | April McClain DelaneyDemocratic, House | Buy | $1,001 - $15,000 | −60.5% | Report |
| Feb 8, 2025 | April McClain DelaneyDemocratic, House | Buy | $1,001 - $15,000 | −50.8% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
How Core & Main is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
SC 13G/A (8), 5 (6), UPLOAD (6), 10-K (5), DEF 14A (5), DEFA14A (5), ARS (4), S-1/A (4), SC 13G (4), SCHEDULE 13G (3), 144/A (2), 424B4 (2), DRS (2), EFFECT (2), S-1 (2), 3/A (1), 4/A (1), 424B2 (1), 8-A12B (1), CERT (1), FWP (1), S-3ASR (1), S-8 (1)
| Class | Symbol | Exchange |
|---|---|---|
| Class A common stock, par value $0.01 per share | CNM | The New York Stock Exchange |
From the cover page of the 10-K filed Mar 24, 2026 (Section 12(b) of the Exchange Act).18
The risks Core & Main names in Item 1A of its 10-K filed Mar 24, 2026: 48 risks under these headings, as written.18
We are not currently party to any material legal proceedings. Nevertheless, we are from time to time involved in litigation incidental to the ordinary conduct of our business, including personal injury, workers’ compensation and business operations. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors. See Note 9 to the consolidated financial statements included elsewhere in this Annual Report on Form 10-K.
Like other companies in our industry, we have been subject to personal injury and property damage claims arising from the types of products that we distribute. As a distributor in this industry, we face an inherent risk of exposure to product liability claims in the event that the use of the products we have distributed in the past or may in the future distribute is alleged to have resulted in economic loss, personal injury or property damage or violated environmental, health or safety or other laws. Such product liability claims in the past have included, and may in the future include, allegations of defects in manufacturing, defects in design, a failure to warn of dangers inherent in the product, negligence, strict liability or a breach of warranties. In particular, we have been and continue to be a defendant in asbestos-related litigation matters. See Item 1A. “Risk Factors—Risks Related to Our Business—Due to the nature of our business, from time to time we may be subject to legal proceedings, regulatory disputes, and governmental inquiries that could cause us to incur significant expenses, divert our management’s attention, and materially harm our business, financial condition, and operating results” in this Annual Report on Form 10-K.
The opening of Item 3, Legal Proceedings.18
The numbers on this page point here. Each one links to the record it came from.
