Commercial Metals (CMC) Tops Q2 EPS by 13c

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Go back to Commercial Metals (CMC) Tops Q2 EPS by 13c

CMC Reports Second Quarter Fiscal 2024 Results

March 21, 2024 6:45 AM EDT

Second quarter net earnings of $85.8 million, or $0.73 per diluted shareConsolidated core EBITDA of $224.4 million; core EBITDA margin of 12.1%Downstream contract awards rebounded to the highest quarterly level in nearly two years, signaling strength in the pipeline ahead of the upcoming construction seasonNorth America and Europe Steel Groups achieved meaningful year-over-year improvements in controllable costs per ton of finished steel shipped, contributing positively to financial performanceEurope Steel Group operating results (excluding... More