Commercial Metals Company reported earnings results for the third quarter and nine months ended May 31, 2024. For the third quarter, the company reported sales was USD 2,078.49 million compared to USD 2,344.99 million a year ago. Net income was USD 119.44 million compared to USD 233.97 million a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to USD 2 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 1.98 a year ago.
For the nine months, sales was USD 5,929.82 million compared to USD 6,590.31 million a year ago. Net income was USD 381.56 million compared to USD 675.59 million a year ago. Basic earnings per share from continuing operations was USD 3.28 compared to USD 5.76 a year ago. Diluted earnings per share from continuing operations was USD 3.25 compared to USD 5.69 a year ago.