Commercial Metals Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St · 10/18 10:27

Commercial Metals (NYSE:CMC) Full Year 2024 Results

Key Financial Results

  • Revenue: US$7.93b (down 9.9% from FY 2023).
  • Net income: US$485.5m (down 44% from FY 2023).
  • Profit margin: 6.1% (down from 9.8% in FY 2023). The decrease in margin was driven by lower revenue.
  • EPS: US$4.19 (down from US$7.34 in FY 2023).
earnings-and-revenue-growth
NYSE:CMC Earnings and Revenue Growth October 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Commercial Metals EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are up 6.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Commercial Metals that you need to take into consideration.