| --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------|--------------------------|----------|-----------------------------|------------------|----------------|--------------------------------------|-------|-----------------------| | Gain (Loss) on Derivatives Not Designated as Hedging Instruments (in thousands) | Primary Location | February | Three Months \n29, 2024 | Ended \nFebruary | \n 28, 2023 | Six Mo ...

Commercial Metals Company (CMC) reported adjusted earnings per share (EPS) of 88 cents in second-quarter fiscal 2024 (ended Feb 29, 2024), beating the Zacks Consensus Estimate of 70 cents. The bottom line declined 39% year over year.Including one-time items, the company reported EPS of 73 cents in the fiscal second quarter compared with the year-ago quarter’s record $1.51.Net sales in the reported quarter were $1.85 billion compared with the year-ago quarter’s $2.02 billion. The reported figure surpassed th ...

Commercial Metals Company (NYSE:CMC) Q2 2024 Earnings Conference Call March 21, 2024 11:00 AM ET Company Participants Peter Matt - President and CEO Paul Lawrence - SVP and CFO Conference Call Participants Timna Tanners - Wolfe Research Katja Jancic - BMO Capital Markets Tristan Gresser - BNP Paribas Phil Gibbs - KeyBanc Capital Markets Operator Hello, and welcome, everyone, to the Second Quarter Fiscal 2024 Earnings Call for CMC. Joining me today are Peter Matt, CMC's President and Chief Executive Officer; ...

Commercial Metals (CMC) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.71%. A quarter ago, it was expected that this manufacturer and recycler of steel and metal products would post earnings of $1.43 per share when it actually produced earnings of $1.63, delivering a surprise of 1 ...

News Release Mr. Matt added, "Market conditions for our Europe Steel Group have shown some improvement in recent months, which we believe is a function of stabilizing demand and supply rationalizations. This more supportive market backdrop combined with excellent cost performance drove a substantial improvement in operating results, excluding energy rebates, compared to recent quarters. While conditions in Europe remain difficult, a combination of improving economic data and government sponsored investment ...

Second quarter net earnings of $85.8 million, or $0.73 per diluted share Consolidated 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 season North America and Europe Steel Groups achieved meaningful year-over-year improvements in controllable costs per ton of finished steel shipped, contributing positively to financial performance Europe S ...

IRVING, Texas, March 20, 2024 /PRNewswire/ -- Today, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE: CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock, an increase of $0.02, or 13%, from the dividend paid in February 2024. CMC's 238th consecutive quarterly dividend will be paid on April 10, 2024, to stockholders of record as of the close of business on April 1, 2024. "This announcement demonstrates the high degree of confidence on the ...

IRVING, Texas, Feb. 21, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its second quarter earnings release for fiscal 2024, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 21, 2024, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and CEO, and Paul Lawrence, Senior Vice President & CFO. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), ple ...

It has been about a month since the last earnings report for Commercial Metals (CMC) . Shares have added about 3.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Commercial Metals due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Commercial Metals Q1 Earnings Top ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Cenovus Energy Inc. (CVE) is an oil and gas exploration and production company. The Zacks Consensus Estimate for its current year earnings has been revised 5.7% downward over the last 60 days.Commercial Metals Company (CMC) is a steel and metal fabrication company. The Zacks Consensus Estimate for its current year earnings has been revised 7.9% downward over the last 60 days.Cutera, Inc. (CUTR) is a dermatology solutions company. The ...