Commercial Metals Expects Q1 Fiscal 2025 Consolidated Financial Results To Decline From The Q4 Fiscal 2024 Level
Portfolio Pulse from Benzinga Newsdesk
Commercial Metals Company (CMC) anticipates a decline in Q1 fiscal 2025 financial results compared to Q4 fiscal 2024 due to macroeconomic uncertainty and temporary dampened sentiment in the construction industry. The North America Steel Group expects normal seasonal trends, while the Europe Steel Group anticipates a significant increase in adjusted EBITDA due to a CO2 credit. Emerging Businesses Group results are expected to decline due to seasonality and economic uncertainty.
October 17, 2024 | 10:41 am
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Commercial Metals Company (CMC) expects a decline in Q1 fiscal 2025 results due to macroeconomic uncertainty and construction industry sentiment. Europe Steel Group to benefit from a CO2 credit, while Emerging Businesses Group faces seasonal and economic challenges.
The anticipated decline in financial results is primarily due to macroeconomic uncertainty and temporary dampened sentiment in the construction industry, which are likely to negatively impact CMC's stock price in the short term. However, the Europe Steel Group's expected increase in adjusted EBITDA due to a CO2 credit may provide some positive offset.
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