Commercial Metals (NYSE: CMC) reported Q2 EPS of $1.53, ex-items, $0.27 better than the analyst estimate of $1.26. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.9 billion.

Outlook:

Outlook Ms. Smith said, "We continue to anticipate strong fiscal year 2022 financial and operational performance. Current robust demand for each of CMC's major product lines is expected to persist throughout the upcoming spring and summer construction season, underpinned by our growing downstream backlog as well as solid levels of new work entering the project pipeline. The war in Ukraine raises significant geopolitical and economic risks that we are monitoring closely. To date, CMC has not experienced any disruptions to our operations, workforce, or end-market demand."

"Shipment volumes of finished steel products have historically increased from second quarter levels, driven by seasonal factors, and we expect shipments during the third quarter of fiscal 2022 to follow these trends. We anticipate strong third quarter financial results, with margins remaining at high levels," Ms. Smith added.

For earnings history and earnings-related data on Commercial Metals (CMC) click here.