CMC Q1 FY2023 EPS $2.20 beats; core EBITDA up 30% YoY; micro mill progress

COMMERCIAL METALS Co

2023-Q1 EPS reported $2.20 revenue$2,227,313,000

Net earnings $261.8M ($2.20 diluted EPS) vs $232.9M ($1.90) a year ago; adjusted EPS $2.24.
Core EBITDA $425.0M, up 30% YoY; net sales $2.2B, up from $2.0B in prior year.
North America downstream backlog and project bidding volumes continue year-over-year growth.
Europe segment posts historically strong profitability on favorable cost structure, gaining share.
Arizona 2 micro mill start-up on target for spring 2023; fourth micro mill announced in West Virginia.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COMMERCIAL METALS Co reported financial results for first quarter of fiscal year 2023.

Period: first quarter of fiscal year 2023
Result: reported results

Exact text from the filing

On January 9, 2023, Commercial Metals Company (the “Company”) issued a press release announcing its financial results for the first quarter of fiscal year 2023.

View on SEC.gov

Browse all earnings releases →

COMMERCIAL METALS Co filing history →

Source: SEC EDGAR

accession 0000022444-23-000013

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.