COMMERCIAL METALS Co
For the period ended Feb 28, 2025. Filed Mar 25, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 28, 2025 · Filed Mar 25, 2025
CMC$64.24-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
| COMMERCIAL METALS COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (UNAUDITED) | ||||
|---|---|---|---|---|
| Three Months Ended | Six Months Ended | |||
| (in thousands, except share and per share data) | February 28, 2025 | February 29, 2024 | February 28, 2025 | February 29, 2024 |
| Net sales | $1,754,376 | $1,848,287 | $3,663,978 | $3,851,338 |
| Costs and operating expenses: | ||||
| Cost of goods sold | 1,534,829 | 1,552,046 | 3,136,551 | 3,156,114 |
| Selling, general and administrative expenses | 167,560 | 167,444 | 345,418 | 329,976 |
| Interest expense | 11,167 | 11,878 | 22,489 | 23,634 |
| Litigation expense | 4,720 | — | 354,720 | — |
| Net costs and operating expenses | 1,718,276 | 1,731,368 | 3,859,178 | 3,509,724 |
| Earnings (loss) before income taxes | 36,100 | 116,919 | (195,200) | 341,614 |
| Income tax expense (benefit) | 10,627 | 31,072 | (44,955) | 79,494 |
| Net earnings (loss) | $25,473 | $85,847 | $(150,245) | $262,120 |
| Earnings (loss) per share: | ||||
| Basic | $0.22 | $0.74 | $(1.32) | $2.25 |
| Diluted | 0.22 | 0.73 | (1.32) | 2.22 |
| Average basic shares outstanding | 113,564,436 | 116,396,530 | 113,811,675 | 116,584,235 |
| Average diluted shares outstanding | 114,510,293 | 117,524,113 | 113,811,675 | 118,051,249 |
| COMMERCIAL METALS COMPANY AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) | ||||
|---|---|---|---|---|
| Three Months Ended | Six Months Ended | |||
| (in thousands) | February 28, 2025 | February 29, 2024 | February 28, 2025 | February 29, 2024 |
| Net earnings (loss) | $25,473 | $85,847 | $(150,245) | $262,120 |
| Other comprehensive income (loss), net of income taxes: | ||||
| Foreign currency translation adjustments | 2,653 | 1,341 | (32,304) | 24,834 |
| Derivatives: | ||||
| Net unrealized holding gain (loss) | 22,695 | (47,924) | 23,115 | (90,869) |
| Reclassification for realized gain | (2,472) | (189) | (3,828) | (1,688) |
| Net unrealized gain (loss) on derivatives | 20,223 | (48,113) | 19,287 | (92,557) |
| Net other comprehensive loss on defined benefit pension plan | (10) | (9) | (20) | (18) |
| Total other comprehensive income (loss), net of income taxes | 22,866 | (46,781) | (13,037) | (67,741) |
| Comprehensive income (loss) | $48,339 | $39,066 | $(163,282) | $194,379 |
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