Commercial Metals Company Reports Earnings Results for the Second Quarter and Six Months Ended February 29, 2024
March 21, 2024 at 07:26 am EDT
Share
Commercial Metals Company reported earnings results for the second quarter and six months ended February 29, 2024. For the second quarter, the company reported sales was USD 1,848.29 million compared to USD 2,018 million a year ago. Net income was USD 85.85 million compared to USD 179.85 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to USD 1.53 a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to USD 1.51 a year ago.
For the six months, sales was USD 3,851.34 million compared to USD 4,245.32 million a year ago. Net income was USD 262.12 million compared to USD 441.62 million a year ago. Basic earnings per share from continuing operations was USD 2.25 compared to USD 3.77 a year ago. Diluted earnings per share from continuing operations was USD 2.22 compared to USD 3.71 a year ago.
Commercial Metals Company is engaged in offering products and technologies for the global construction sector through manufacturing network principally located in the United States and Central Europe. The Companyâs solutions support construction across a variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission. Its segments include North America and Europe. The North America segment provides a diverse offering of products and solutions to support the construction sector composed primarily of a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Companyâs 43 scrap metal recycling facilities, primarily located in the southeast and central United States process ferrous and nonferrous scrap metals. The Europe segment is composed primarily of a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland.
COMMERCIAL METALS COMPANY 
