Commercial Metals Company Announces Strong Fourth Quarter Results

Key Financial Highlights:

Fourth Quarter:

Net earnings of $103.9 million, or $0.90 per diluted share

Consolidated core EBITDA of $227.1 million with a margin of 11.4%

Tensar division achieved its most profitable quarter, driving Emerging Businesses Group adjusted EBITDA margin to 21.7%

Annual:

Annual net earnings of $485.5 million, or $4.14 per diluted share

Successful cost management actions improved Europe Steel Group fourth quarter adjusted EBITDA by $26.5 million

Strong cash flow generation of $899.7 million for fiscal year 2024

Commercial Metals Company (NYSE: CMC) reported these strong financial results for its fiscal fourth quarter ended August 31, 2024. Despite challenges in the market, the company’s strategic cost management actions and focus on operational efficiency have led to impressive earnings and margins.

Impact on You:

As a shareholder or potential investor, these financial results indicate the company’s strength and ability to generate profits even in a challenging economic environment. This could potentially lead to higher returns and increased confidence in the company’s stability.

Impact on the World:

Commercial Metals Company’s strong performance reflects positively on the overall industry and economy. As a leading player in the steel and construction materials sector, the company’s success signifies stability and growth in these essential industries.

Conclusion:

Commercial Metals Company’s fourth quarter results demonstrate resilience, strategic management, and profitability in a competitive market. With a focus on cost efficiency and operational excellence, the company has achieved impressive earnings and cash flow generation, positioning itself for continued success in the future.