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Commercial Metals Q3 2023 Earnings Report

Commercial Metals logo
$50.27 +0.74 (+1.49%)
(As of 12/20/2024 05:30 PM ET)

Commercial Metals EPS Results

Actual EPS
$1.69
Consensus EPS
$1.77
Beat/Miss
Missed by -$0.08
One Year Ago EPS
$2.45

Commercial Metals Revenue Results

Actual Revenue
$2.21 billion
Expected Revenue
$2.15 billion
Beat/Miss
Beat by +$63.55 million
YoY Revenue Growth
-8.20%

Commercial Metals Announcement Details

Quarter
Q3 2023
Time
Before Market Opens

Conference Call Resources

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Commercial Metals Earnings Headlines

UBS Group Reaffirms Sell Rating for Commercial Metals (NYSE:CMC)
Analysts Set Commercial Metals (NYSE:CMC) PT at $67.20
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UBS Downgrades Commercial Metals (CMC)
CMC Publishes 2024 Sustainability Report
See More Commercial Metals Headlines
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About Commercial Metals

Commercial Metals (NYSE:CMC) Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.

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