Cmc reports second quarter fiscal 2024 results

Second quarter net earnings of $85.8 million, or $0.73 per diluted share consolidated core ebitda of $224.4 million; core ebitda margin of 12.1% downstream contract awards rebounded to the highest quarterly level in nearly two years, signaling strength in the pipeline ahead of the upcoming construction season north america and europe steel groups achieved meaningful year-over-year improvements in controllable costs per ton of finished steel shipped, contributing positively to financial performance europe steel group operating results (excluding energy rebates) improved sequentially; market supply and demand in better balance continued progress on strategic growth initiatives; arizona 2 successfully produced and sold merchant bar product, marking a global micro mill steelmaking first irving, texas , march 21, 2024 /prnewswire/ -- commercial metals company (nyse: cmc) today announced financial results for its fiscal second quarter ended february 29, 2024. net earnings were $85.8 million, or $0.73 per diluted share, on net sales of $1.8 billion, compared to prior year period net earnings of $179.8 million, or $1.51 per diluted share, on net sales of $2.0 billion.
CMC Ratings Summary
CMC Quant Ranking