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CMC(CMC) - 2025 Q3 - Earnings Call Presentation
2025-06-23 13:44
Financial Performance - Q3 Net Earnings reached $83.1 million[16] - Q3 Adjusted Earnings amounted to $84.4 million[16] - Q3 Core EBITDA was $204.1 million, with a Core EBITDA Margin of 10.1%[16] - Last 12 Months ROIC stood at 6.5%[16] Strategic Initiatives & Outlook - The company is executing a strategy to enhance its financial profile, exceeding targeted benefits from the Transform, Advance, Grow (TAG) program[15] - North American segment results improved sequentially, with steel product margins inflecting upward[15] - The company anticipates consolidated financial results in Q4 2025 to improve from Q3 levels, with higher margins over scrap on steel products in North America[41] Emerging Businesses Group (EBG) - EBG's L12M adjusted EBITDA was $130 million, with an EBITDA margin of 18%[37] - EBG contributed 15% of the company's total segment EBITDA[37] - Q3 net sales for EBG were up 4.7% year-over-year, while adjusted EBITDA increased by 7.0%[41] Europe Steel Group - Europe Steel Group exceeded breakeven performance during the quarter, with green shoots continuing to emerge[15] - Shipments for Europe Steel Group were up by 20.9% on a year-over-year basis[41]