Commercial metals company reports record second quarter fiscal 2022 results

Achieved record quarterly earnings from continuing operations of $383.3 million, or $3.12 per diluted share core ebitda from continuing operations of $323.1 million increased 89% from the prior year period; trailing twelve-month core ebitda from continuing operations totaled over $1.1 billion north america downstream backlog grew 9% year-over-year; new project bid volumes reached record second quarter level, underpinning robust demand outlook continued advancement in cmc's growth strategy -- pending acquisition of tensar corporation expected to close during fiscal third quarter; arizona 2 project remains on-track for early calendar 2023 startup irving, texas, march 17, 2022 /prnewswire/ -- commercial metals company (nyse: cmc) today announced financial results for its fiscal second quarter ended february 28, 2022.  earnings from continuing operations were $383.3 million, or $3.12 per diluted share, on net sales of $2.0 billion, compared to prior year period earnings from continuing operations of $66.2 million, or $0.54 per diluted share, on net sales of $1.5 billion.
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