The earnings call highlighted strong safety and financial performance for the year, strategic growth projects, and increased shareholder returns. However, it also noted significant challenges, including a decline in EBITDA, market difficulties in North America and Europe, and macroeconomic uncertainties affecting demand.

Company Guidance

During the CMC Fourth Quarter and Fiscal Year 2024 earnings call, the company provided guidance for the upcoming quarters, highlighting several key metrics. CMC anticipates first fiscal quarter 2025 results to decline due to temporary softness in the construction industry amid macroeconomic uncertainties. The North America Steel Group is expected to see a seasonal decline in finished steel shipments and lower adjusted EBITDA margin due to decreased steel product margins over scrap costs. Encouragingly, the Europe Steel Group is projected to benefit from a CO2 credit, potentially boosting adjusted EBITDA by $35 million to $40 million, although underlying performance is likely to remain stable. The Emerging Businesses Group expects a seasonal dip in financial results. Despite short-term challenges, CMC remains optimistic about a rebound in the second half of 2025, driven by strong construction fundamentals. CMC also plans to invest between $630 million and $680 million in capital expenditures for fiscal 2025, with a significant portion dedicated to the Steel West Virginia project.

Record Employee Safety Performance

CMC achieved the lowest incident rate in its history with a significant reduction in OSHA recordable events and improvements in safety performance, especially in newly acquired facilities.

Strong Financial Performance in Fiscal 2024

Core EBITDA reached $1 billion, 40% above pre-pandemic levels, and cash flow from operating activities was $900 million, supporting growth initiatives and shareholder returns.

Strategic Growth Initiatives

CMC saw progress in mill growth projects and strategic planning, including advancements in Arizona 2 and Steel West Virginia, and the development of a Transform, Advance, and Grow (TAG) program.

Increased Shareholder Returns

CMC returned $261.8 million to shareholders, a 48% increase from fiscal 2023, through share repurchases and dividends.

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Commercial Metals Company (CMC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CMC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 06, 2025	2025 (Q1)	0.81 / -	1.63	―	―	―
Oct 17, 2024	2024 (Q4)	0.91 / 0.90	1.69	-46.75% (-0.79)
Jun 20, 2024	2024 (Q3)	1.02 / 1.02	2.02	-49.50% (-1.00)
Mar 21, 2024	2024 (Q2)	0.76 / 0.88	1.44	-38.89% (-0.56)
Jan 08, 2024	2024 (Q1)	1.47 / 1.63	2.24	-27.23% (-0.61)
Oct 12, 2023	2023 (Q4)	1.77 / 1.69	2.45	-31.02% (-0.76)
Jun 22, 2023	2023 (Q3)	1.81 / 2.02	2.61	-22.61% (-0.59)
Mar 23, 2023	2023 (Q2)	1.41 / 1.44	1.53	-5.88% (-0.09)
Jan 09, 2023	2023 (Q1)	1.90 / 2.24	1.62	38.27% (+0.62)
Oct 13, 2022	2022 (Q4)	2.22 / 2.45	1.26	94.44% (+1.19)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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CMC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 17, 2024	$53.49	$56.22	+5.10%
Jun 20, 2024	$50.41	$52.32	+3.79%
Mar 21, 2024	$55.47	$58.43	+5.34%
Jan 08, 2024	$47.60	$51.16	+7.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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