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Here's What Key Metrics Tell Us About Commercial Metals (CMC) Q1 Earnings
CMCCMC(CMC) ZACKS·2025-01-06 15:46

Group 1 - Commercial Metals (CMC) reported 1.91billioninrevenueforthequarterendedNovember2024,reflectingayear−over−yeardeclineof4.71.91 billion in revenue for the quarter ended November 2024, reflecting a year-over-year decline of 4.7% [1] - The earnings per share (EPS) for the same period was 0.78, down from 1.63ayearago,withnoEPSsurpriseastheconsensusestimatewasalso1.63 a year ago, with no EPS surprise as the consensus estimate was also 0.78 [1] - The reported revenue exceeded the Zacks Consensus Estimate of 1.89billion,resultinginasurpriseof+0.811.89 billion, resulting in a surprise of +0.81% [1] Group 2 - Over the past month, shares of Commercial Metals have returned -20.3%, contrasting with the Zacks S&P 500 composite performance [3] - Key metrics for North America include an average selling price per ton of steel products at 812, below the two-analyst average estimate of 836.74[3]−InEurope,externaltonsshippedforsteelproductswere313thousand,slightlyabovetheaverageestimateof306.98thousand[3]−ThemetalmarginpertonforsteelproductsinEuropewasreportedat836.74 [3] - In Europe, external tons shipped for steel products were 313 thousand, slightly above the average estimate of 306.98 thousand [3] - The metal margin per ton for steel products in Europe was reported at 269, compared to the average estimate of 283.17[3]−NorthAmericashipped790thousandtonsofsteelproducts,belowtheaverageestimateof802.35thousand[3]−TheaveragesellingpricepertonforsteelproductsinEuropewas283.17 [3] - North America shipped 790 thousand tons of steel products, below the average estimate of 802.35 thousand [3] - The average selling price per ton for steel products in Europe was 639, lower than the average estimate of 667.06[3]−ThecostofferrousscraputilizedpertoninEuropewas667.06 [3] - The cost of ferrous scrap utilized per ton in Europe was 370, which is better than the estimated 383.89[3]−NetsalesfromexternalcustomersinNorthAmericawere383.89 [3] - Net sales from external customers in North America were 1.52 billion, slightly above the average estimate of $1.49 billion, but still representing a year-over-year change of -4.7% [3]