Commercial Metals Expects Consolidated Financial Results In Fiscal Fourth Quarter To Be Consistent With Third Quarter Levels
Portfolio Pulse from Benzinga Newsdesk
Commercial Metals Company (CMC) expects its fiscal fourth-quarter financial results to be consistent with third-quarter levels. The North America Steel Group's finished steel shipments and adjusted EBITDA margin are anticipated to remain stable. The Europe Steel Group's adjusted EBITDA is expected to improve despite challenging market conditions. The Emerging Businesses Group should see modest financial improvement due to steady market fundamentals and a healthy order book.
June 20, 2024 | 10:56 am
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Commercial Metals Company (CMC) expects stable financial results for Q4, with consistent performance in North America, improving EBITDA in Europe, and modest gains in the Emerging Businesses Group.
The company's expectation of stable financial results and improving EBITDA in Europe, despite challenging market conditions, suggests a positive outlook. This stability and improvement are likely to be viewed favorably by investors.
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