Why Commercial Metals Shares Are Surging Today
Why Commercial Metals Shares Are Surging Today
Commercial Metals Company (NYSE:CMC) shares are trading higher after the company reported third-quarter FY24 net sales of $2.078 billion, beating the consensus of $2.034 billion.
美国工商五金公司（纽交所：CMC）股价上涨，因公司报告了第三季度FY24的净销售额为207.8亿美元，超过了20.34亿美元的共识。
The company stated that fundamentals remain strong in North American markets, supporting stable to modestly improving steel product margins, healthy shipment levels, and steady downstream backlog volumes.
该公司表示，北美市场基本面保持强劲，支持稳定至略微改善的钢铁产品毛利率，健康的出货量水平和稳定的下游备货量。
Commercial Metals reported that the Europe Steel Group achieved nearly breakeven performance on an adjusted EBITDA basis in the third quarter. Market conditions remained stable compared to the previous quarter, with slight increases in finished steel pricing and product margins.
美国工商五金公司报告说，欧洲钢铁集团在第三季度在调整后的EBITDA基础上实现了几乎达到盈亏平衡的业绩。市场状况相对于上一季度保持稳定，完成钢材价格和产品毛利率略微上升。
The Europe Steel Group's average selling price increased by $8 per ton from the second quarter of fiscal 2024.
欧洲钢铁集团的平均售价比2024财年第二季度上涨了8美元每吨。
Core EBITDA decreased to $256.1 million from $384.5 million in the prior year quarter, with a core EBITDA margin of 12.3%.
核心EBITDA从上一财年同期的3.845亿美元下降到2.561亿美元，核心EBITDA毛利率为12.3%。
Adjusted EPS was $1.02, which is in line with the consensus.
调整后的每股收益为1.02美元，符合共识。
As of February 29, 2024, cash and cash equivalents totaled $698.3 million, with available liquidity of about $1.5 billion.
截至2024年2月29日，现金及现金等价物总额为6.983亿美元，可用流动资金约为15亿美元。
The company's net cash flows from operating activities for the first nine months totaled $547.9 million.
该公司前九个月的经营活动净现金流为5.479亿美元。
In the quarter, CMC repurchased stock worth $51.8 million. As of May-end, $458.6 million shares remained available under the current share repurchase authorization.
在本季度，CMC回购了价值5180万美元的股票。截至五月末，现有的回购授权下，剩余4.586亿美元的股份可用于回购。
Dividend: On June 19, 2024, the board declared a quarterly dividend of $0.18 per share (+13% Y/Y), payable on July 10, to stockholders of record on July 1.
股息：2024年6月19日，董事会宣布每股股息为0.18美元（同比增长13%），于7月10日支付给股东，股权登记日为7月1日。
Peter Matt, President and Chief Executive Officer, stated, "We expect consolidated financial results in our fiscal fourth quarter to be consistent with third quarter levels. Finished steel shipments within the North America Steel Group are anticipated to be flat on a sequential basis, while adjusted EBITDA margin should remain relatively stable."
彼得·马特（Peter Matt）、总裁兼首席执行官表示：“我们预计我们第四季度的汇总财务数据与第三季度的水平保持一致。北美钢铁集团的成品出货量预计按序列基础持平，而调整后的EBITDA毛利率应该保持相对稳定。”
"Adjusted EBITDA for our Europe Steel Group is likely to continue the quarter-to-quarter improvement trend despite market conditions that are expected to remain challenging. Financial results for the Emerging Businesses Group should improve modestly, driven by steady underlying market fundamentals and a healthy order book."
“我们欧洲钢铁集团的调整后EBITDA有望继续季度到季度的改善趋势，尽管市场状况预计将继续具有挑战性。新兴企业集团的财务数据应该略有改善，这是由于稳定的基本市场基本面和健康的订单簿所推动。”
Investors can gain exposure to the stock via VanEck Steel ETF (NYSE:SLX) and SPDR S&P Metals & Mining ETF (NYSE:XME).
投资者可通过钢铁指数etf-vaneck（NYSE:SLX）和SPDR S&P金属和采矿etf（NYSE:XME）获得该股票的接触。
Price Action: CMC shares are up 5.85% at $53.71 at the last check Thursday.
CMC股价在周四最后一次交易中上涨5.85%，报53.71美元。