CMC Q2 FY2023 net earnings $179.8M ($1.51/dil); adjusted EPS $1.44

COMMERCIAL METALS Co

2023-Q2 EPS reported $3.71 revenue$4,245,316,000

Net sales of $2.0B flat YoY; core EBITDA $302.8M.
Adjusted earnings $171.3M ($1.44/dil) vs $187.6M ($1.53/dil) a year ago.
Downstream backlog volume and value near all-time highs; project bid volumes up double-digit YoY.
Arizona 2 micro mill startup on target for spring 2023; commissioning costs $5.4M after-tax.
Net benefit of $14.0M from settlement of incentive at Steel Oklahoma micro mill.

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 1.0

COMMERCIAL METALS Co reported second quarter of fiscal year 2023 results: revenue $2.0 billion, net income $179.8 million, EPS $1.51 per diluted share.

Period: second quarter of fiscal year 2023
Revenue: $2.0 billion
Net income: $179.8 million
EPS: $1.51 per diluted share
Result: reported results

Exact text from the filing

Net earnings were $179.8 million, or $1.51 per diluted share, on net sales of $2.0 billion, compared to prior year period net earnings of $383.3 million, or $3.12 per diluted share, on net sales of $2.0 billion.

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Source: SEC EDGAR

accession 0000022444-23-000054

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