Commercial Metals Second Quarter 2024 Earnings: EPS: US$0.74 (vs US$1.53 in 2Q 2023)
Commercial Metals (NYSE:CMC) Second Quarter 2024 Results
Key Financial Results
Revenue: US$1.85b (down 8.4% from 2Q 2023).
Net income: US$85.8m (down 52% from 2Q 2023).
Profit margin: 4.6% (down from 8.9% in 2Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.74 (down from US$1.53 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Commercial Metals Earnings Insights
Looking ahead, revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the US are expected to grow by 4.2%.
Performance of the American Metals and Mining industry.
The company's shares are up 11% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Commercial Metals has 2 warning signs (and 1 which can't be ignored) we think you should know about.
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