For the quarter ended February 2025, Commercial Metals (CMC) reported revenue of $1.75 billion, down 5.1% over the same period last year. EPS came in at $0.26, compared to $0.88 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.77 billion, representing a surprise of -1.04%. The company delivered an EPS surprise of -16.13%, with the consensus EPS estimate being $0.31.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Commercial Metals (CMC) came out with quarterly earnings of $0.26 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.13%. A quarter ago, it was expected that this manufacturer and recycler of steel and metal products would post earnings of $0.78 per share when it actually produced earnings of $0.78, delivering no surprise.Ov ...

Financial Performance - Second quarter net earnings were $25.5 million, or $0.22 per diluted share, compared to $85.8 million, or $0.73 per diluted share in the prior year period[2]. - Adjusted earnings for the second quarter were $29.3 million, or $0.26 per diluted share, down from $85.9 million, or $0.73 per diluted share year-over-year[3]. - Total net sales to external customers decreased to $1,754,376 from $1,848,287 year-over-year, reflecting a decline of 5.1%[25]. - Net earnings for the quarter were $25,473, a decrease from $85,847 in the same quarter last year, resulting in earnings per share of $0.22[25]. - Net earnings for the six months ended February 28, 2025, were a loss of $150,245 compared to a profit of $262,120 for the same period last year[28]. - Adjusted earnings per diluted share for the six months ended February 28, 2025, were $1.04, down from $2.22 in the previous year[33]. EBITDA and Margins - Consolidated core EBITDA was $131.0 million with a core EBITDA margin of 7.5%[5]. - Adjusted EBITDA for the Emerging Businesses Group increased by 31.2% year-over-year to $23.5 million, with an adjusted EBITDA margin of 14.8%[14]. - Adjusted EBITDA for North America Steel Group was $128,818, down 31.7% from $188,205 in the prior quarter, resulting in an adjusted EBITDA margin of 9.3%[22]. - The Europe Steel Group achieved adjusted EBITDA breakeven during the quarter, with an adjusted EBITDA margin of 0.4%, up from (4.5%) in the prior year[12]. - Total adjusted EBITDA for the company was $118,237, compared to a loss of $149,541 in the previous quarter[23]. - Adjusted EBITDA for the six months ended February 28, 2025, was $(31,304), a significant decrease from $502,737 in the prior year[32]. - Core EBITDA margin for the six months ended February 28, 2025, was 9.3%, down from 13.7% in the previous year[32]. Sales and Shipments - Finished steel shipments increased by 3.3% compared to the prior year second quarter, driven by solid North American construction demand[5]. - North America Steel Group reported net sales of $1,386,848, a decrease of 8.7% from $1,518,637 in the previous quarter[22]. - Emerging Businesses Group net sales were $158,864, down 6.5% from $169,415 in the previous quarter, with an adjusted EBITDA margin of 14.8%[23]. - The average selling price per ton for steel products in North America was $814, slightly down from $812 in the previous quarter[22]. - Net sales for the six months ended February 28, 2025, were $3,663,978, a decrease from $3,851,338 in the previous year, representing a decline of approximately 4.9%[32]. Cash and Liquidity - Cash and cash equivalents totaled $758.4 million, with available liquidity of nearly $1.6 billion as of February 28, 2025[6]. - Cash and cash equivalents at the end of the period were $759,426, compared to $639,897 at the end of the same period last year, reflecting an increase of approximately 18.7%[28]. Dividends and Shareholder Returns - The board declared a quarterly dividend of $0.18 per share, marking the 242 consecutive quarterly payments[7]. - The company declared cash dividends per share of $0.18, up from $0.16 in the previous quarter[25]. Future Outlook - The company expects consolidated financial results in the third quarter of fiscal 2025 to rebound, with improved finished steel shipments and adjusted EBITDA margins[15]. - The operational and commercial excellence program, Transform, Advance, and Grow (TAG), is expected to provide financial benefits in fiscal 2025 and beyond[6]. Costs and Liabilities - Cost of goods sold for the quarter was $1,534,829, compared to $1,552,046 in the same quarter last year[25]. - Total current liabilities increased to $1,109,127, up from $834,850, indicating a rise of approximately 32.8%[27]. - The company reported a litigation expense of $354,720 for the six months ended February 28, 2025, with no comparable expense in the prior year[28]. - Total assets decreased to $6,689,710, down from $6,817,839, representing a decline of approximately 1.9%[27]. Capital Expenditures - The company incurred capital expenditures of $204,454 during the six months ended February 28, 2025, compared to $160,772 in the prior year[28].

IRVING, Texas, March 20, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal second quarter ended February 28, 2025. Second quarter net earnings was $25.5 million, or $0.22 per diluted share, on net sales of $1.8 billion, compared to prior year period net earnings of $85.8 million, or $0.73 per diluted share, on net sales of $1.8 billion. During the second quarter of fiscal 2025, the Company recorded estimated net after-tax charges of $3.9 million prim ...

Wall Street analysts expect Commercial Metals (CMC) to post quarterly earnings of $0.30 per share in its upcoming report, which indicates a year-over-year decline of 65.9%. Revenues are expected to be $1.77 billion, down 4.1% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 16.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveal ...

Core Viewpoint - Goldgroup Mining Inc. has entered into a Non-Enforcement Agreement with Candelaria Mining Corporation to suspend enforcement proceedings related to a Loan Facility, allowing for the transfer of shares of Minera Apolo, S.A. de C.V. to Goldgroup, contingent upon certain conditions being met [1][2]. Group 1: Agreement Details - The Non-Enforcement Agreement requires CMC to deliver all issued and outstanding shares of Minera Apolo to Goldgroup, subject to the approval from the TSX Venture Exchange [2][3]. - Goldgroup will settle approximately USD $2,702,873 owed on the Loan Facility and make additional cash payments of USD $89,000, with specific timelines for these payments [5]. Group 2: Project Information - Minera Apolo is the 100% owner of the Pinos Project, a fully permitted gold project located 140 kilometers east of Zacatecas, Mexico, consisting of 30 mining concessions [3]. - The completion of the transactions is contingent upon receiving all necessary approvals, including from the TSXV [3]. Group 3: Company Overview - Goldgroup is a Canadian-based mining company that operates the Cerro Prieto heap-leach gold mine in Sonora, Mexico, led by a team with extensive expertise in mine development and corporate finance [4].

Group 1 - Commercial Metals Company (CMC) has been recognized as one of America's Greatest Workplaces for Women 2025 by Newsweek [1] - The recognition was based on interviews with over 215,000 female employees and over 2.2 million company reviews, focusing on aspects such as leadership, integrity, work-life balance, and compensation [2] - CMC's CEO, Peter R. Matt, emphasized the company's commitment to fostering a culture where women and all employees feel respected, valued, and have opportunities for growth [3] Group 2 - CMC is positioned as an innovative solutions provider in the construction sector, offering products and technologies to meet critical reinforcement needs [3] - The company operates an extensive manufacturing network primarily in the United States and Central Europe, supporting various construction applications including infrastructure and energy generation [3]

Company Overview - Commercial Metals Company (CMC) is an innovative solutions provider focused on building a stronger, safer, and more sustainable world [3] - The company operates an extensive manufacturing network primarily located in the United States and Central Europe [3] - CMC offers products and technologies that meet the critical reinforcement needs of the global construction sector [3] Upcoming Events - CMC will host a conference call on March 20, 2025, at 11:00 a.m. Eastern Time to discuss its second quarter earnings for fiscal 2025 [1] - The conference call will feature Peter Matt, President and CEO, and Paul Lawrence, Senior Vice President and CFO [1] - The teleconference will also be available via webcast for listen-only access on CMC's website [2]

Core Viewpoint - CMC Metals Ltd. has announced that its 2024 Technical Report on the Silver Hart Property in Yukon is not compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects and should not be relied upon until verified by technical reports [1]. Group 1 - The company is collaborating with MICON International Inc. to produce a compliant NI 43-101 report by the end of Q1 2025 [2]. - Kevin Brewer serves as the President, CEO, and Director of CMC Metals Ltd. [2]. Group 2 - The TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of the news release [3]. - The news release contains forward-looking information regarding future work programs, geological interpretations, and potential exploration activities [3].

Core Viewpoint - Cielo Waste Solutions Corp. plans to settle an aggregate debt of $1,622,413.10 through share issuance, subject to approval from the TSX Venture Exchange [1][4]. Debt Settlement Details - The company has agreements to issue 14,480,856 shares at $0.105 each to settle $1,520,490.67 of the debt [2]. - An additional agreement will be executed with an insider to settle the remaining $101,922.43 by issuing 970,689 shares at the same price [2]. Related Party Transaction - The insider transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, with exemptions from certain requirements due to the transaction's fair market value being below 25% of the company's market capitalization [3]. Approval and Hold Period - The share issuance is pending approval from the Exchange, and once approved, the shares will be subject to a four-month hold period [4]. Correction of Prior Transactions - A correction was made regarding a previous news release about shares for debt transactions, clarifying that the correct share price for settling $25,184 of debt was $0.31, not $0.32 [5]. Company Overview - Cielo is focused on renewable energy, particularly in the wood by-product-to-fuels sector, utilizing patented technologies for biomass conversion [6]. - The company holds exclusive licenses in Canada and the US for specific biomass technologies and has a diverse project portfolio [6].