BofA Securities Reiterates Buy Rating on Commercial Metals Company (CMC)

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CMC REPORTS THIRD QUARTER FISCAL 2024 RESULTS

June 20, 2024 6:45 AM EDT

Third quarter net earnings of $119.4 million, or $1.02 per diluted shareConsolidated core EBITDA of $256.1 million; core EBITDA margin of 12.3%Solid seasonal demand and underlying market fundamentals in North America supported healthy shipment volumes and product marginsStable North American downstream backlog volumes due to robust pipeline of new construction projectsEmerging Businesses Group adjusted EBITDA and adjusted EBITDA margin rebounded sharply, reflecting continued strong demand for our high margin construction solutionsEurope... More

CMC Announces Quarterly Dividend of $0.18 Per Share

June 19, 2024 8:32 AM EDT

IRVING, Texas, June 19, 2024 /PRNewswire/ -- Today, June 19, 2024, the board of directors of Commercial... More