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 quarter to date as a division of cmc, driving the emerging businesses group adjusted ebitda margin to 21.7% in the fourth quarter successful cost management actions improved europe steel group fourth quarter adjusted ebitda by $26.5 million on a year-over-year basis despite materially lower volumes and flat metal margins strong generation of cash flow from operating activities in the fourth quarter and fiscal year 2024 of $351.8 million and $899.7 million, respectively cash distributions to shareholders in the form of share repurchases and dividends amounted to $261.8 million in fiscal year 2024, an increase of 48% compared to fiscal year 2023 irving, texas , oct. 17, 2024 /prnewswire/ -- commercial metals company (nyse: cmc) today announced financial results for its fiscal fourth quarter ended august 31, 2024. net earnings were $103.9 million, or $0.90 per diluted share, on net sales of $2.0 billion, compared to prior year period net earnings of $184.2 million, or $1.56 per diluted share, on net sales of $2.2 billion.
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