Commercial Metals Q4 EPS Beats By A Whisker, But Outlook Signals Tough Start To 2025

Commercial Metals Company (NYSE:CMC) reported fourth-quarter net sales of $1.996 billion, missing the consensus of $2.001 billion.

The company stated that demand for CMC’s products in North America remained stable, with daily steel shipments unchanged from last year. Merchant product shipments grew, supported by the Arizona 2 micro mill.

Commercial Metals European market conditions were steady sequentially, but long-steel consumption stayed below historical levels. The Europe Steel Group reported a $3.6 million adjusted EBITDA loss, with improvements driven by cost management despite lower shipment volumes and reduced margins.

The Europe Steel Group’s average selling price per ton for the quarter was $667, down from $682 in the fourth quarter of fiscal 2023 and $681 in the previous quarter.

Core EBITDA decreased to $277.06 million from $327.73 million in the prior year quarter, with a core EBITDA margin of 11.4%, down from 14.8%. Adjusted EPS was $0.90, beating the consensus of $0.89.

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