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Commercial Metals (CMC)
:CMC
Earnings Data
Report Date
Jun 23, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.85Last Year’s EPS
1.02Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: 4.82%
|Next Earnings Date:Jun 23, 2025
Earnings Call Sentiment|Neutral
While CMC faced challenges such as a decline in net earnings and economic uncertainty affecting its North American Steel Group, the call highlighted significant achievements including record low incident rates, improved performance in the Europe Steel Group, and strong demand in the Emerging Businesses Group. The company's strategic initiatives and anticipated improvements in market conditions suggest a cautiously optimistic outlook.Company Guidance
During the CMC's Fiscal 2025 Second Quarter Earnings Call, the company reported net earnings of $25.5 million, or $0.22 per diluted share, with net sales amounting to $1.8 billion. Adjusted earnings, excluding after-tax charges of $3.9 million, were $29.3 million or $0.26 per diluted share. The North American Steel Group achieved an adjusted EBITDA of $128.8 million, equivalent to $123 per ton of finished steel shipped, despite lower margins over scrap. The Europe Steel Group reported a breakeven performance, showing improvement from the previous year, while the Emerging Businesses Group saw a 31% increase in adjusted EBITDA, reaching $23.5 million. CMC anticipates consolidated financial results to improve in the third quarter of fiscal 2025, with expectations of higher margins over scrap and continued strong demand in North America. The company's strategic growth initiatives, including operational and commercial excellence programs and organic and inorganic growth projects, are expected to drive future value and returns, with anticipated capital expenditures between $550 million and $600 million for fiscal 2025.Record Low Incident Rate
CMC achieved a record low incident rate consistent with world-class performance, and the number of OSHA recordable events was the lowest since the second half of fiscal 2018, despite having nearly 4,500 more employees.
Improvement in Europe Steel Group
The Europe Steel Group achieved a breakeven performance, marking an improvement both sequentially and year-over-year when energy cost rebates are excluded.
Strong Demand in Emerging Businesses Group
Profitability for CMC's Emerging Businesses Group increased sequentially and compared to the year-ago period, driven by strong demand for its proprietary corrosion-resistant solutions.
Growing Backlog in North America
CMC experienced the second highest volume of new project awards since late fiscal 2022, leading to a healthy sequential increase in downstream backlog.
Improved Market Conditions and Metal Margins
Improved scrap market conditions and an inflection in long steel price levels indicate a floor in steel product metal margins, with expected expansion heading into the third and fourth quarters.
CMC Earnings History
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
CMC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 20, 2025 | $46.68 | $47.18 | +1.07% |
Jan 06, 2025 | $48.53 | $50.04 | +3.11% |
Oct 17, 2024 | $53.10 | $55.81 | +5.10% |
Jun 20, 2024 | $50.03 | $51.94 | +3.82% |
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.
FAQ
When does Commercial Metals (CMC) report earnings?
Commercial Metals (CMC) is schdueled to report earning on Jun 23, 2025, TBA Not Confirmed.
What is Commercial Metals (CMC) earnings time?
Commercial Metals (CMC) earnings time is at Jun 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMC EPS forecast?
CMC EPS forecast for the fiscal quarter 2025 (Q3) is 0.85.
