Financial Performance - Net sales for the three months ended November 30, 2024, decreased by $93.4 million, or 5%, to $1,909.6 million compared to the corresponding period [88]. - The company incurred a net loss of $175.7 million for the three months ended November 30, 2024, compared to net earnings of $176.3 million in the same period last year, primarily due to a $265.0 million litigation expense [89]. - Adjusted EBITDA decreased by $13.1 million, or 34%, for the three months ended November 30, 2024, compared to the same period in 2023 [99]. - Corporate and Other adjusted EBITDA loss increased by $355.3 million, primarily due to a $350.0 million contingent litigation-related loss during the three months ended November 30, 2024 [103]. Segment Performance - In the North America Steel Group segment, net sales decreased by $74.0 million, or 5%, with a 9% reduction in average selling prices per ton for steel products and downstream products [96]. - Adjusted EBITDA for the North America Steel Group segment decreased by $78.6 million, or 29%, due to metal margin compression, with average selling prices per ton for steel products and downstream products decreasing by $80 and $130, respectively [97]. - In the Europe Steel Group segment, net sales decreased by $15.8 million, or 7%, primarily due to a 9% reduction in steel products shipment volumes [98]. - Net sales to external customers in the Emerging Businesses Group segment decreased by $7.8 million, or 4%, during the three months ended November 30, 2024 [100]. - CMC's Tensar division experienced project delays, contributing to an adjusted EBITDA decrease of $8.2 million, or 27%, for the three months ended November 30, 2024 [101]. Expenses and Costs - Selling, general and administrative expenses increased by $15.3 million during the three months ended November 30, 2024, driven by $8.7 million in employee-related expenses and $6.9 million in legal expenses [90]. - The effective income tax rate for the three months ended November 30, 2024, was 24.0%, compared to 21.6% for the corresponding period [93]. Cash Flow and Capital Expenditures - Net cash flows from operating activities were $213.0 million for the three months ended November 30, 2024, down from $261.1 million in the same period in 2023 [116]. - Net cash flows used by investing activities increased to $113.5 million for the three months ended November 30, 2024, primarily due to $51.2 million of incremental capital expenditures for the construction of the fourth micro mill [117]. - The company anticipates capital spending for 2025 to range from $630 million to $680 million [111]. - The company repurchased $50.4 million of shares during the three months ended November 30, 2024, compared to $28.4 million in the same period in 2023 [112]. - As of November 30, 2024, the company had cash and cash equivalents of $856.1 million [108]. Operational Developments - The company’s third micro mill in Mesa, Arizona, began operations, designed to produce both rebar and merchant bar, with a capacity approximately 40% greater than previous micro mills [80]. - The planned fourth micro mill in Berkeley County, West Virginia, is expected to start operations in late calendar 2025, enhancing the company's market reach [81]. - The company implemented the Transform, Advance and Grow (TAG) initiative in 2024 to enhance operational value and efficiency, with expected financial benefits in 2025 [79]. Risks and Challenges - The company faces risks from changes in economic conditions affecting demand for products and construction activity, particularly in the cyclical steel industry [28]. - Significant fluctuations in metal prices could impair inventory values and reduce profitability of downstream contracts [28]. - The company is impacted by excess capacity in the steel industry, especially in China, and competition from other steel suppliers [28]. - Geopolitical conditions, including regional conflicts and inflation, pose risks to the global economy and raw material supplies [28]. - Increased focus on environmental, social, and governance (ESG) matters may affect operational strategies and compliance costs [28]. - The company is subject to risks associated with acquisitions, including integration challenges and potential impacts on financial leverage [28]. - Future revenue levels may be lower than expected, while costs could exceed projections, impacting overall financial performance [28]. - The company must navigate risks related to hiring and retaining key personnel amid competitive labor markets [28]. - Availability and pricing of essential raw materials, such as scrap metal and energy, are critical factors influencing operational costs [28]. - The company is exposed to market risks, including currency fluctuations and trade regulations that could adversely affect business operations [129].

Group 1 - Commercial Metals (CMC) reported $1.91 billion in revenue for the quarter ended November 2024, reflecting a year-over-year decline of 4.7% [1] - The earnings per share (EPS) for the same period was $0.78, down from $1.63 a year ago, with no EPS surprise as the consensus estimate was also $0.78 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $1.89 billion, resulting in a surprise of +0.81% [1] Group 2 - Over the past month, shares of Commercial Metals have returned -20.3%, contrasting with the Zacks S&P 500 composite performance [3] - Key metrics for North America include an average selling price per ton of steel products at $812, below the two-analyst average estimate of $836.74 [3] - In Europe, external tons shipped for steel products were 313 thousand, slightly above the average estimate of 306.98 thousand [3] - The metal margin per ton for steel products in Europe was reported at $269, compared to the average estimate of $283.17 [3] - North America shipped 790 thousand tons of steel products, below the average estimate of 802.35 thousand [3] - The average selling price per ton for steel products in Europe was $639, lower than the average estimate of $667.06 [3] - The cost of ferrous scrap utilized per ton in Europe was $370, which is better than the estimated $383.89 [3] - Net sales from external customers in North America were $1.52 billion, slightly above the average estimate of $1.49 billion, but still representing a year-over-year change of -4.7% [3]

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) 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 ...

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 ...

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 ...

Core Viewpoint - UBS analyst Curt Woodworth downgraded Commercial Metals from Buy to Sell and reduced the price target from $62 to $56 [1] Group 1: Company Performance - Commercial Metals is expected to report quarterly earnings of 82 cents per share, a decrease from $1.63 per share in the same period last year [7] - The company is projected to report quarterly revenue of $1.88 billion, down from $2 billion a year ago [7] - Shares of Commercial Metals gained 1.5% to close at $50.50 [6] Group 2: Dividend Information - Commercial Metals offers an annual dividend yield of 1.43%, with a quarterly dividend amount of 18 cents per share (72 cents a year) [4] - To earn $500 per month or $6,000 annually from dividends, an investment of approximately $420,817 or around 8,333 shares is needed [8] - For a more modest income of $100 per month or $1,200 per year, an investment of $84,184 or around 1,667 shares is required [8]

Core Points - Cielo Waste Solutions Corp. is acquiring an Enhanced Gas to Liquids (EGTL) facility from Rocky Mountain Clean Fuels Inc. (RMCFI) to enhance its renewable fuel production capabilities [1][2] - RMCFI has secured a C$20.8 million grant through the Alberta Petrochemicals Incentive Program (APIP), which will be part of the assets in the transaction with Cielo [4][5] - The transaction is subject to approval from the TSX Venture Exchange and is currently undergoing due diligence [2][3] Company Developments - Cielo plans to build a gasifier adjacent to the EGTL facility to support the deployment of its Enhanced Biomass to Liquids (EBTL) technology, aiming to produce Bio-Syngas and Bio-Synfuels with near net-zero carbon intensity [2][4] - The APIP grant is expected to reduce the contingent nature of funding for the acquisition and minimize financing risks associated with the transaction [5][6] - Both companies are committed to expanding the facility and transitioning it to produce Bio-Synfuels, showcasing the flexibility of the EGTL technology in the energy transition [6]

Core Insights - Commercial Metals Company (CMC) published its 2024 sustainability report, marking the tenth year of sustainability reporting, showcasing industry-leading environmental performance [1][2] - The report includes updates on environmental goals established in the 2019/2020 report [1] Company Overview - CMC is an innovative solutions provider focused on building a stronger, safer, and more sustainable world [2] - The company operates an extensive manufacturing network primarily in the United States and Central Europe, offering products and technologies for the global construction sector [2] - CMC's solutions cater to various construction applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission [2]

IRVING, Texas, Dec. 5, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced that it has been recognized on Newsweek's list of America's Most Responsible Companies 2025. This prestigious award is presented by Newsweek in collaboration with Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list can be viewed on Newsweek's website."We are honored to have received this award for the third consecutive year and be counted among America's most respon ...