Commercial Metals Company (CMC) Q1 2024 Earnings Call Transcript

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Q1: 2024-01-08 Earnings Summary

EPS of $1.63 beats by $0.16
 | Revenue of $2.00B (-10.07% Y/Y) beats by $67.85M

Commercial Metals Company (NYSE:CMC) Q1 2024 Earnings Conference Call January 8, 2024 11:00 AM ET

Company Participants

Peter Matt - President and CEO
Paul Lawrence - SVP and CFO

Conference Call Participants

Phil Gibbs - KeyBanc Capital Markets
Timna Tanners - Wolfe Research
Alex Hacking - Citi

Operator

Hello, and welcome, everyone, to the First Quarter Fiscal 2024 Earnings Call for CMC. Joining me on today's call are Peter Matt, CMC's President and Chief Executive Officer; and Paul Lawrence, Senior Vice President and Chief Financial Officer. Today's materials, including the press release and supplemental slides that accompany this call, can be found on CMC's Investor Relations website. Today's call is being recorded. [Operator Instructions]

I would like to remind all participants that during the course of this conference call, the company will make statements that provide information other than historical information and will include expectations regarding economic conditions, effects of legislation, U.S. steel import levels, construction activity, demand for finished steel products, the expected capabilities, benefits and timeline for the construction of new facilities, the company's future operations, the timeline for execution of the company's growth plan; the company's future results of operations, financial measures and capital spending.

These and other similar statements are considered forward-looking and may involve certain assumptions and speculation and are subject to risks and uncertainties that could cause actual results to differ materially from these expectations. These statements reflect the company's beliefs based on the current conditions but are subject to certain risks and uncertainties, including those that are described in the Risk Factors and Forward-Looking Statements section of the company's latest filings with the Securities and Exchange Commission, including the company's latest annual report on Form 10-K.

Although these statements are based on management's current expectations and beliefs, CMC offers no assurance that these expectations

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