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Commercial Metals Q1 Earnings Meet Estimates, Sales Declines Y/Y
ZACKS· 2025-01-07 18:41
Commercial Metals Company (CMC) reported adjusted earnings per share (EPS) of 78 cents for first-quarter fiscal 2025 (ended Nov. 30, 2024), in line with the Zacks Consensus Estimate. The company’s earnings fell 47.7% from the prior-year quarter’s $1.49.In the first quarter of fiscal 2024, CMC made an adjustment of $11.6 million for mill operational commissioning costs. CMC has decided that from the periods commencing after Feb. 29, 2024, it will no longer include any adjustment for mill operational commissi ...
CMC(CMC) - 2025 Q1 - Earnings Call Transcript
2025-01-06 19:32
Financial Data and Key Metrics - No specific financial data or key metrics were provided in the content [1][2][3][4][5] Business Line Data and Key Metrics - No specific business line data or key metrics were provided in the content [1][2][3][4][5] Market Data and Key Metrics - No specific market data or key metrics were provided in the content [1][2][3][4][5] Company Strategy and Industry Competition - The company discussed forward-looking statements related to economic conditions, effects of legislation, U S steel import levels, construction activity, demands for finished steel products, and the expected capabilities, benefits, and timeline for construction of new facilities [3] - The company also mentioned its strategic growth plan and future results of operations, financial measures, and capital spending [3] Management Commentary on Operating Environment and Future Outlook - The company's forward-looking statements reflect its beliefs based on current conditions but are subject to risks and uncertainties [4] - The company does not assume any obligation to update, amend, or clarify these statements except as required by law [4] Other Important Information - The company's earnings release, most recent annual report on Form 10-K, and other filings with the Securities and Exchange Commission contain additional information concerning factors that could cause actual results to differ materially from those projected in forward-looking statements [4] - Some numbers presented will be non-GAAP financial measures, and reconciliations for such numbers can be found in the company's materials [5] Q&A Session - No Q&A session details were provided in the content [1][2][3][4][5]
CMC(CMC) - 2025 Q1 - Quarterly Report
2025-01-06 18:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-4304 ___________________________________ COMMERCIAL METALS COMPANY ...
Here's What Key Metrics Tell Us About Commercial Metals (CMC) Q1 Earnings
ZACKS· 2025-01-06 15:46
Commercial Metals (CMC) reported $1.91 billion in revenue for the quarter ended November 2024, representing a year-over-year decline of 4.7%. EPS of $0.78 for the same period compares to $1.63 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.89 billion, representing a surprise of +0.81%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.78.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...
CMC(CMC) - 2025 Q1 - Earnings Call Presentation
2025-01-06 15:31
Q1 FY 2025 Supplemental Slides Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws with respect to general economic conditions, key macro-economic drivers that impact our business, the effects of ongoing trade actions, the effects of continued pressure on the liquidity of our customers, potential synergies and growth provided by acquisitions and strategic investments, demand for our products, shipment volumes, metal margins, the ...
Commercial Metals (CMC) Q1 Earnings Meet Estimates
ZACKS· 2025-01-06 14:10
Commercial Metals (CMC) came out with quarterly earnings of $0.78 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this manufacturer and recycler of steel and metal products would post earnings of $0.91 per share when it actually produced earnings of $0.90, delivering a surprise of -1.10%.Over the last four quarters, the company has surpassed consensus EPS esti ...
CMC(CMC) - 2025 Q1 - Quarterly Results
2025-01-06 12:44
Exhibit No. 99.1 News Release CMC REPORTS FIRST QUARTER FISCAL 2025 RESULTS Irving, TX - January 6, 2025 - Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal first quarter ended November 30, 2024. First quarter net loss was ($175.7) million, or ($1.54) per diluted share, on net sales of $1.9 billion, compared to prior year period net earnings of $176.3 million, or $1.49 per diluted share, on net sales of $2.0 billion. During the first quarter of fiscal 2025, the Company r ...
CMC REPORTS FIRST QUARTER FISCAL 2025 RESULTS
Prnewswire· 2025-01-06 11:45
First quarter net loss of ($175.7) million, or ($1.54) per diluted share including approximately $265.0 million litigation expense, net of estimated tax; adjusted earnings of $88.5 million, or $0.78 per diluted share Consolidated core EBITDA of $210.7 million in the first quarter; core EBITDA margin of 11.0% Late season construction activity drove year-over-year and sequential growth in North America finished steel shipment volumes; margins pressured by declines in average steel and downstream product pric ...
How To Earn $500 A Month From Commercial Metals Stock Ahead Of Q1 Earnings
Benzinga· 2024-12-26 13:29
Commercial Metals Company CMC will release earnings results for the first quarter before the opening bell on Monday, Jan. 6, 2025.Analysts expect the Irving, Texas-based company to report quarterly earnings at 82 cents per share, down from $1.63 per share in the year-ago period. Commercial Metals is expected to report quarterly revenue of $1.88 billion, compared to $2 billion a year ago, according to data from Benzinga Pro.On Dec. 12, UBS analyst Curt Woodworth downgraded Commercial Metals from Buy to Sell ...
Cielo Provides Update on Rocky Mountain Clean Fuels Transaction
GlobeNewswire· 2024-12-18 12:00
Rocky Mountain Clean Fuels Secures $20 Million Provincial Grant to be Assigned to CieloCALGARY, Alberta, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) (“Cielo” or the “Company”), a company fueling renewable change, is pleased to provide an update on its proposed acquisition of an Enhanced Gas to Liquids (“EGTL™”) facility located in Carseland, Alberta (the “EGTL Facility”), currently owned and operated by Rocky Mountain Clean Fuels Inc. (“RMCFI”), which deploys pat ...