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Add as a preferred source on GoogleCommercial Metals Posts $2.09 Non-GAAP EPS, $2.66 Billion Revenue
Core EBITDA climbed 35.1% from a year earlier to $393.7 million. Acquisition-adjusted net leverage fell below the company’s 2x target.
Commercial Metals Company posted $2.09 in fourth-quarter non-GAAP earnings per share and $2.66 billion in revenue, with both figures topping estimates as core EBITDA grew year over year.
Earnings per share exceeded estimates by 13 cents. Revenue was $90 million above forecasts and 26.1% higher than a year earlier.
Core EBITDA increased 35.1% to $393.7 million, while the core EBITDA margin rose 100 basis points to 14.8%.
The company reduced net leverage, adjusted for acquisitions, to below its 2x target.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.