Commercial Metals Company (CMC) reported Q1 fiscal 2025 results with a net loss of ($175.7) million, or ($1.54) per diluted share, primarily due to a $265.0 million litigation expense. Excluding this charge, adjusted earnings were $88.5 million ($0.78 per share), down from $176.3 million ($1.49 per share) in the prior year.
The company generated consolidated core EBITDA of $210.7 million with an 11.0 percent margin. Despite economic uncertainty affecting construction activity and steel pricing, North America finished steel shipments grew 4.4 percent year-over-year. CMC maintained strong liquidity with $856.1 million in cash and cash equivalents, while returning $71.0 million to shareholders through dividends and share buybacks.
The company’s downstream backlog volumes remained stable year-over-year, with management expressing optimism about future project pipeline strength. The board declared a quarterly dividend of $0.18 per share, representing a 13 percent year-over-year increase.
Published February 2025