Commercial metals company reports first quarter fiscal 2023 results

First quarter net earnings of $261.8 million, or $2.20 per diluted share, increased 12% compared with $232.9 million, or $1.90 per diluted share, in the prior year period core ebitda of $425.0 million increased 30% from the prior year period continued year-over-year growth in north america downstream backlog and project bidding volumes historically strong europe segment profitability benefiting from favorable cost structure driving market share gains good progress on strategic growth initiatives; arizona 2 project on target for spring 2023 start-up, announced fourth micro mill location in west virginia irving, texas , jan. 9, 2023 /prnewswire/ -- commercial metals company (nyse: cmc) today announced financial results for its fiscal first quarter ended november 30, 2022.  net earnings were $261.8 million, or $2.20 per diluted share, on net sales of $2.2 billion, compared to prior year period net earnings of $232.9 million, or $1.90 per diluted share, on net sales of $2.0 billion.
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