secwatch.observer — SEC 8-K summary
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Issuer:     COMMERCIAL METALS Co (CMC)
CIK:        0000022444
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0000022444-24-000059
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/22444/000002244424000059/0000022444-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/22444/000002244424000059/cmc-20240321.htm
  HTML page:      https://secwatch.observer/filing/0000022444-24-000059

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