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The latest announcement is out from Commercial Metals Company ( (CMC) ).
Commercial Metals Company reported a net loss of $175.7 million in the first quarter of fiscal 2025 due to a significant litigation expense, although adjusted earnings were $88.5 million. Despite economic uncertainty affecting steel pricing and margins, the company maintained stable North American downstream backlog volumes and strong future project pipelines. The company’s ongoing strategic growth plan, including the Transform, Advance, and Grow (TAG) program, is expected to enhance financial performance, while its European operations face market challenges. A judgment in a legal case resulted in a substantial provision, impacting financial results, and CMC plans to appeal the verdict.
More about Commercial Metals Company
Commercial Metals Company operates in the steel and metal industry, focusing on the production and recycling of steel and metal products. It serves various markets including construction, infrastructure, and manufacturing, with a strong emphasis on North American and European operations.
YTD Price Performance: -0.53%
Average Trading Volume: 921,829
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $5.57B
For a thorough assessment of CMC stock, go to TipRanks’ Stock Analysis page.
