Commercial Metals Company (NYSE:CMC) Q1 2025 Earnings Call Transcript

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Commercial Metals Company (NYSE:CMC) Q1 2025 Earnings Call Transcript

_{//business-finance.news-articles.net/content/202 .. y-nyse-cmc-q1-2025-earnings-call-transcript.html}
^{Published in Business and Finance on Tuesday, January 7th 2025 at 11:20 GMT by MSN}

Q1 2025 Earnings Call Transcript January 6, 2025 Operator: Hello and welcome everyone to the fiscal 2025 First Quarter Earnings Call for CMC. Joining me on today's call are Peter Matt, CMC's President and Chief Executive Officer,

The article provides a transcript of Commercial Metals Company's (CMC) Q1 2025 earnings call. During the call, CMC reported a decrease in net earnings to $98.3 million, or $0.83 per diluted share, from $195.9 million, or $1.63 per diluted share, in the prior year's first quarter. This decline was attributed to lower metal margins and reduced volumes in both the North America and Europe Steel Groups. Despite these challenges, the company highlighted several positive developments, including progress on strategic initiatives, such as the construction of a new micro mill in West Virginia, and the expansion of downstream capabilities. CMC also discussed ongoing efforts to manage costs, optimize operations, and adapt to market conditions, expressing confidence in their long-term strategy despite the current economic headwinds. The call included forward-looking statements about expected market conditions, potential growth in demand, and the company's focus on sustainability and innovation.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/commercial-metals-company-nyse-cmc-q1-2025-earnings-call-transcript/ar-AA1x6SDS ]

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