8-K
filed March 21, 2024, 7:59 PM ET
ticker CMC
CIK 0000022444
earnings
confidence high
sentiment negative
materiality 0.75
CMC Q2 FY2024 net earnings down 52% YoY to $85.8M; adjusted EPS $0.88
COMMERCIAL METALS Co
2024-Q2 EPS reported
$2.22
revenue$3,851,338,000
- Net earnings of $85.8M ($0.73 diluted EPS) vs $179.8M ($1.51) a year ago; net sales fell to $1.8B from $2.0B.
- Adjusted earnings $103.1M ($0.88 diluted EPS), excluding $17.2M after-tax charge for Arizona 2 micro mill commissioning.
- Core EBITDA $224.4M with 12.1% margin; downstream contract awards at highest quarterly level in nearly two years.
- Europe Steel Group operating results (ex-energy rebates) improved sequentially; Arizona 2 produced first merchant bar, a global micro mill first.
- Company noted meaningful YoY reductions in controllable costs per ton in North America and Europe Steel Groups.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
COMMERCIAL METALS Co reported second quarter of fiscal year 2024 results: revenue $1.8 billion, net income $85.8 million, EPS $0.73 per diluted share.
- Period
- second quarter of fiscal year 2024
- Revenue
- $1.8 billion
- Net income
- $85.8 million
- EPS
- $0.73 per diluted share
- Result
- reported results
Exact text from the filing
(NYSE: CMC) today announced financial results for its fiscal second quarter ended February 29, 2024. Net earnings were $85.8 million, or $0.73 per diluted share, on net sales of $1.8 billion, compared to prior year period net earnings of $179.8 million, or $1.51 per diluted share, on net sales of $2.0 billion. During the second quarter of fiscal 2024, the Company
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
COMMERCIAL METALS Co reported second quarter ended February 29, 2024 results: net income $85.8 million, EPS $0.73 per diluted share.
- Period
- second quarter ended February 29, 2024
- Net income
- $85.8 million
- EPS
- $0.73 per diluted share
- Result
- reported results
Exact text from the filing
Net earnings were $85.8 million, or $0.73 per diluted share, on net sales of $1.8 billion, compared to prior year period net earnings of $179.8 million, or $1.51 per diluted share, on net sales of $2.0 billion.
View on SEC.gov
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