---
schema_version: "secwatch.filing_event.v1"
accession: "0000022444-24-000059"
form_type: "8-K"
ticker: "CMC"
cik: "0000022444"
company_name: "COMMERCIAL METALS Co"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T10:37:59.778837+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CMC Q2 FY2024 net earnings down 52% YoY to $85.8M; adjusted EPS $0.88

## Summary
- 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.

## SEC filing metadata
- accession: 0000022444-24-000059
- form_type: 8-K
- ticker: CMC
- cik: 0000022444
- company_name: COMMERCIAL METALS Co
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/22444/000002244424000059/0000022444-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/22444/000002244424000059/cmc-20240321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000022444-24-000059
- JSON: https://secwatch.observer/filing/0000022444-24-000059.json
- Plain text: https://secwatch.observer/filing/0000022444-24-000059.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/22444/000002244424000059/0000022444-24-000059-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/22444/000002244424000059/0000022444-24-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.