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Commercial Metals Company Reports Net Income of $859.8 Million for Fiscal Year 2023
The company's annual revenue stands at $8.8 billion, with North America remaining a dominant market.
Commercial Metals Company (CMC), a leading steel and metal manuf acturer, has released its financial results for the fiscal year ended August 31, 2023. The company achieved a net income of $859.8 million during this period, with annual revenue reaching $8.8 billion. Let's dive into the details of CMC's financial performance and operating statistics.
North America Performance
Solid Net Sales and Adjusted EBITDA
In North America, CMC reported net sales of $1.9 billion for the three months ending August 31, 2023, contributing significantly to the overall annual revenue. This figure remained steady compared to previous quarters, indicating a stable market presence. Adjusted EBITDA stood at $375.3 million for the same period, demonstrating consistent profitability.