CMC Q1 FY2024 earnings down 33% YoY; EPS $1.49 vs $2.20

COMMERCIAL METALS Co

2024-Q1 EPS reported $1.49 revenue$2,003,051,000

Net earnings $176.3M ($1.49 diluted EPS) vs $261.8M ($2.20) in prior year Q1.
Net sales $2.0B, down ~9% YoY from $2.2B.
Adjusted earnings $192.7M ($1.63 diluted EPS); excludes $16.4M Arizona 2 micro mill charge.
Core EBITDA $325.3M (16.2% margin); operating cash flow $261.1M, free cash flow $194.1M.
North America finished steel volumes +1.1% YoY; Arizona 2 ramping, Steel West Virginia construction underway.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

COMMERCIAL METALS Co reported first quarter of fiscal 2024 results: revenue $2.0 billion, net income $176.3 million, EPS $1.49 per diluted share.

Period: first quarter of fiscal 2024
Revenue: $2.0 billion
Net income: $176.3 million
EPS: $1.49 per diluted share
Result: reported results

Exact text from the filing

Net earnings were $176.3 million, or $1.49 per diluted share, on net sales of $2.0 billion

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Source: SEC EDGAR

accession 0000022444-24-000012

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