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Here's What Key Metrics Tell Us About Commercial Metals (CMC) Q1 Earnings
ZACKS· 2025-01-06 15:46
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]
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 ...
CMC Publishes 2024 Sustainability Report
Prnewswire· 2024-12-12 21:15
IRVING, Texas, Dec. 12, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today published its sustainability report for 2024, showcasing the company's industry-leading environmental performance.  2024 marks the tenth year of sustainability reporting for the Company.  The document, which can be found on CMC's sustainability website (https://esg.cmc.com/), includes progress updates regarding the environmental goals that were established in the Company's 2019 / 2020 report."The 2024 report highlights ...
CMC Recognized as One of America's Most Responsible Companies by Newsweek for 2025
Prnewswire· 2024-12-05 21:15
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 ...
CMC Announces New Mineral Resource Estimate for the Silver Hart Project
GlobeNewswire News Room· 2024-11-27 13:06
VANCOUVER, British Columbia, Nov. 27, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt: ZM5P) (“CMC” or the “Company”) is pleased to announce a new Mineral Resource Estimate (“MRE”) for its silver-lead-zinc Silver Hart Project (SHP), in Yukon, Canada. The new MRE totals an Inferred resource of 8.820 Moz @ 145.2 g/t silver equivalent (“AgEq”) in 1,889,000 tonnes utilizing a cut-off grade of 50 g/t AgEq (See table 1). This MRE has been prepared in accordance with the Canadian Securities Admini ...