Commercial Metals Earnings Miss Estimates in Q4, Sales Dip Y/Y

Commercial Metals Company (CMC) reported adjusted earnings per share (EPS) of 90 cents for fourthquarter fiscal 2024 (ended Aug. 31, 2024), missing the Zacks Consensus Estimate of 91 cents. The bottom line fell from the prior-year quarter's $1.58. During the fourth quarter of fiscal 2023 , CMC had previously made an adjustment of $16 million for mill operational commissioning costs related to its third micro mill, which was placed into service in the quarter. During its fourth quarter 2024 earnings release, ...