Commercial Metals Q1 Earnings Meet Estimates, Sales Declines Y/Y

Commercial Metals Company (CMC) reported adjusted earnings per share (EPS) of 78 cents for first-quarter fiscal 2025 (ended Nov. 30, 2024), in line with the Zacks Consensus Estimate. The company’s earnings fell 47.7% from the prior-year quarter’s $1.49.In the first quarter of fiscal 2024, CMC made an adjustment of $11.6 million for mill operational commissioning costs. CMC has decided that from the periods commencing after Feb. 29, 2024, it will no longer include any adjustment for mill operational commissi ...