Cmc reports fourth quarter and full year fiscal 2023 results

Fourth  quarter net earnings of $184.2 million, or $1.56 per diluted share; annual net earnings of $859.8 million, or $7.25 per diluted share fiscal 2023 core ebitda of $1.5 billion, down only modestly from the record set in fiscal 2022 generated record annual cash flow from operating activities of $1.3 billion and record annual free cash flow of $737.4 million fourth  quarter north america segment adjusted ebitda increased from the prior year period, driven by a solid demand environment, strong margins, and good cost control fourth  quarter downstream new project bid volumes in north america continued to grow by a double-digit percentage on a year-over-year basis, signaling a robust construction projects pipeline meaningful progress on strategic growth initiatives: successful arizona 2 production start-up, record quarterly tensar earnings contribution, and integration of edsco fasteners irving, texas , oct. 12, 2023 /prnewswire/ -- commercial metals company (nyse: cmc) today announced financial results for its fiscal fourth quarter ended august 31, 2023. net earnings were $184.2 million, or $1.56 per diluted share, on net sales of $2.2 billion, compared to prior year period net earnings of $288.6 million, or $2.40 per diluted share, on net sales of $2.4 billion.
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