Commercial Metals Delivers Mixed Q1 Results As Economic Uncertainty Weighs On Steel Demand: Details [Yahoo! Finance]
Commercial Metals Company (CMC)
Last commercial metals company earnings: 3/19 06:45 am
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Source: Yahoo! Finance
Commercial Metals Company (NYSE: CMC ) reported first-quarter net sales of $1.91 billion, beating the consensus of $1.873 billion Core EBITDA decreased to $210.7 million from $313.7 million in the prior year quarter, with a core EBITDA margin of 11.0%, down from 15.7%. Adjusted EPS was $0.78, missing the consensus of $0.81. The company reported strong North American demand, fueled by late-season construction as projects recovered from earlier weather delays. Finished steel shipments rose 4.4% year-over-year, with a healthy project pipeline indicated by steady downstream backlog and bidding activity. Merchant product shipments also grew, supported by enhanced service to West Coast customers from the Arizona 2 micro mill. Adjusted EBITDA for CMC's North America Steel Group fell to $188.2 million in the first quarter of FY25 from $266.8 million a year earlier, due to lower margins on steel and downstream products. The adjusted EBITDA margin for the North America Steel Group
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News
- Company News for Jan 7, 2025 [Yahoo! Finance]Yahoo! Finance
- Commercial Metals Company 2025 Q1 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- Commercial Metals (NYSE: CMC) had its price target lowered by analysts at Jefferies Financial Group Inc. from $65.00 to $62.00. They now have a "buy" rating on the stock.MarketBeat
- CMC REPORTS FIRST QUARTER FISCAL 2025 RESULTS [Yahoo! Finance]Yahoo! Finance
- CMC REPORTS FIRST QUARTER FISCAL 2025 RESULTSPR Newswire
CMC
Earnings
- 10/17/24 - Miss
CMC
Sec Filings
- 1/6/25 - Form 4
- 1/6/25 - Form 4
- 1/6/25 - Form 4
- CMC's page on the SEC website