SMU Data and Models
March 24, 2023
CMC Earnings Hit By Weather Woes, Planned Outage
Commercial Metals Co.’s (CMC’s) net earnings slipped 53% in its fiscal 2023 second quarter compared with the same period a year earlier on weather issues and a planned outage.
“CMC achieved strong financial results during the second quarter while managing a number of challenges, including weather-related shipment disruptions in our core geographies, costs associated with a major planned outage and steel product metal margin pressures,” Barbara R. Smith, CMC chairman, president, and CEO, said in a statement.
