Commercial Metals (CMC) Tops Q1 EPS by 34c

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Go back to Commercial Metals (CMC) Tops Q1 EPS by 34c

Commercial Metals Company Reports First Quarter Fiscal 2023 Results

January 9, 2023 6:45 AM EST

First quarter net earnings of $261.8 million, or $2.20 per diluted share, increased 12% compared with $232.9 million, or $1.90 per diluted share, in the prior year periodCore EBITDA of $425.0 million increased 30% from the prior year periodContinued year-over-year growth in North America downstream backlog and project bidding volumesHistorically strong Europe segment profitability benefiting from favorable cost structure driving market share gainsGood progress on strategic growth initiatives; Arizona 2 project on target for spring 2023 start-up, announced fourth micro mill location in West Virginia

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