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CMC(CMC) - 2024 Q4 - Annual Report
2024-10-17 15:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2024 ☐ 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 (Exact name of registrant as specified in its charter) Delaware 75-0725338 (State or other jurisdiction of in ...
CMC(CMC) - 2024 Q4 - Earnings Call Presentation
2024-10-17 15:51
Q4 FY 2024 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) Misses Q4 Earnings and Revenue Estimates
ZACKS· 2024-10-17 12:40
Commercial Metals (CMC) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.10%. A quarter ago, it was expected that this manufacturer and recycler of steel and metal products would post earnings of $1 per share when it actually produced earnings of $1.02, delivering a surprise of 2%. ...
CMC(CMC) - 2024 Q4 - Annual Results
2024-10-17 11:43
Exhibit No. 99.1 News Release CMC REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2024 RESULTS • Fourth quarter net earnings of $103.9 million, or $0.90 per diluted share; annual net earnings of $485.5 million, or $4.14 per diluted share • Consolidated core EBITDA of $227.1 million in the fourth quarter; core EBITDA margin of 11.4% • Solid construction activity provided stability in North America shipment volumes; margins pressured by decline in average steel pricing • Tensar achieved its most profitable quarte ...
CMC Reports Fourth Quarter and Full Year Fiscal 2024 Results
Prnewswire· 2024-10-17 10:30
Fourth quarter net earnings of $103.9 million, or $0.90 per diluted share; annual net earnings of $485.5 million, or $4.14 per diluted share Consolidated core EBITDA of $227.1 million in the fourth quarter; core EBITDA margin of 11.4% Solid construction activity provided stability in North America shipment volumes; margins pressured by decline in average steel pricing Tensar achieved its most profitable quarter to date as a division of CMC, driving the Emerging Businesses Group adjusted EBITDA margin to 21. ...
Earnings Preview: Commercial Metals (CMC) Q4 Earnings Expected to Decline
ZACKS· 2024-10-10 15:07
Wall Street expects a year-over-year decline in earnings on lower revenues when Commercial Metals (CMC) reports results for the quarter ended August 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 17, 2024, might help the stock move higher if these key numbers are better tha ...
CMC Metals Ltd. Identifies Drill Targets at Amy and Completes Mapping and Sampling Efforts at Silverknife In Preparation for its Proposed 2025 Drilling Program
GlobeNewswire News Room· 2024-10-03 11:30
VANCOUVER, British Columbia, Oct. 03, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt: ZM5P) (OTCQB: CMCXF) ("CMC" or the "Company") is pleased to announce that the Company has completed a recent site visit at Amy where drill targets were identified for our proposed 2025 drill program. In addition, our geological team completed a detailed mapping and prospecting program on the Silverknife Property. Amy is a high-grade silver-lead-zinc CRD target located just 8 kilometers to the west of Coeu ...
CMC Announces Appointment of Kekin Ghelani as Senior Vice President, Chief Strategy Officer
Prnewswire· 2024-10-01 20:30
IRVING, Texas, Oct. 1, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) (the "Company") today announced that the Board of Directors of the Company (the "Board") appointed Kekin Ghelani to serve as the Company's Senior Vice President, Chief Strategy Officer, effective October 1, 2024. In this role, Chief Strategy Officer, Mr. Ghelani will be responsible for guiding the strategic direction of the Company, driving long-term growth and M&A activity, leading integration efforts following future acquisi ...
CMC Metals Ltd. Announces Clarifying News Release
GlobeNewswire News Room· 2024-09-27 21:39
VANCOUVER, British Columbia, Sept. 27, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt:ZM5P) ("CMC" or the "Company") announces that the TSX Venture Exchange (the "TSXV") has approved the Company's request to extend the expiry date of 2,161,557 share purchase warrants, originally granted September 27, 2022 to September 27, 2025, and 1,942,014 share purchase warrants, originally granted October 12, 2022, to October 13, 2025. The request to amend the exercise price from $0.20 to $0.07 remains ...
CMC Metals Ltd. Announces Proposed Amendment of Warrants
GlobeNewswire News Room· 2024-09-26 09:00
VANCOUVER, British Columbia, Sept. 26, 2024 (GLOBE NEWSWIRE) -- CMC Metals Ltd. (TSX-V: CMB) (Frankfurt: ZM5P) ("CMC" or the "Company") announces that the Company will make application to the TSX Venture Exchange (the "TSXV") to extend the expiry date of 1,942,014 share purchase warrants, originally granted October 12, 2022, to October 13, 2025, and to amend the exercise price from $0.20 to $0.07, subject to the consent of the Warrant holders (the "Amended Warrants"). Each Amended Warrant is exercisable int ...