earnings
confidence high
sentiment negative
materiality 0.80
CMC Q3 FY2024 EPS $1.02, down 48% YoY; sales $2.1B
COMMERCIAL METALS Co
2024-Q3 EPS reported
$3.25
revenue$5,929,823,000
- Net earnings of $119.4M ($1.02/diluted share) vs $234.0M ($1.98) a year ago.
- Net sales $2.1B, down from $2.3B in Q3 FY2023.
- Consolidated core EBITDA $256.1M; core EBITDA margin 12.3%.
- North America segment saw solid seasonal demand; Europe Steel Group near breakeven.
- Emerging Businesses Group adjusted EBITDA rebounded sharply on strong demand.