CMC Q3 FY2023 net earnings $234M ($1.98/diluted); core EBITDA $391.7M

COMMERCIAL METALS Co

2023-Q3 EPS reported $5.69 revenue$6,590,305,000

Net sales of $2.3B vs $2.5B a year ago; adjusted EPS of $2.02 vs $2.61.
Core EBITDA $391.7M, up 29% sequentially; North America adjusted EBITDA grew YoY.
North America new project bid volumes up double-digit % vs prior year; downstream backlog near all-time highs.
Operational startup of Arizona 2 micro mill underway; commissioning charge of $5.8M after-tax.
Net earnings up 30% from Q2; company cites strong business activity and cost improvements.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

COMMERCIAL METALS Co reported third quarter of fiscal year 2023 results: revenue $2.3 billion, net income $234.0 million, EPS $1.98 per diluted share.

Period: third quarter of fiscal year 2023
Revenue: $2.3 billion
Net income: $234.0 million
EPS: $1.98 per diluted share
Result: reported results

Exact text from the filing

Net earnings were $234.0 million, or $1.98 per diluted share, on net sales of $2.3 billion

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Source: SEC EDGAR

accession 0000022444-23-000074

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