Commercial Metals reports Q2 adjusted EPS $1.16, consensus $1.32

Reports Q2 revenue $2.13B, consensus $2.09B. Peter Matt, president and CEO, commented, “The CMC team delivered another strong quarter, driving a more than two-fold increase in core EBITDA compared to a year ago. These impressive results reflect continued execution of our strategy, underpinned by additional efficiency gains from our enterprise-wide Transform, Advance, Grow program and meaningful contributions from our recently acquired precast platform. While weather disruptions temporarily impacted much of our North American footprint during the quarter, we were encouraged by the favorable underlying market conditions across our segments. Overall, our strong second quarter results demonstrate continued progress toward our goal of meaningfully and sustainably enhancing CMC’s financial profile and earnings power, and we believe there is much more runway ahead.”