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Commercial Metals Company  (CMC)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials
 

CMC's Net Income Growth by Quarter and Year

Commercial Metals's Net Income results by quarter and year




CMC Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter August - -68.87 288.63 152.01
III Quarter May - 233.97 312.43 130.41
II Quarter February 85.85 179.85 383.31 66.36
I Quarter November 176.27 261.77 232.89 64.09
FY   262.12 606.72 1,217.26 412.87



CMC Net Income second quarter 2024 Y/Y Growth Comment
Commercial Metals Company reported drop in Net Income in the second quarter 2024 by -52.27% to $ 85.85 millions, from the same quarter in 2023.
The fall in the second quarter 2024 Commercial Metals Company's Net Income compares unfavorably to the Company's average Net Income jump of 42.15%.

According to the results reported in the second quarter 2024, Commercial Metals Company achieved the best Net Income growth in Iron & Steel industry. While Commercial Metals Company' s Net Income meltdown of -52.27% ranks overall at the positon no. 3 in the second quarter 2024.




CMC Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter August - - 89.88 % 124.8 %
III Quarter May - -25.11 % 139.58 % 101.47 %
II Quarter February -52.27 % -53.08 % 477.62 % 4.01 %
I Quarter November -32.66 % 12.4 % 263.38 % -23.11 %
FY   - -50.16 % 194.83 % 47.72 %

Financial Statements
Commercial Metals's second quarter 2024 Net Income $ 85.85 millions CMC's Income Statement
Commercial Metals's second quarter 2023 Net Income $ 179.85 millions Quarterly CMC's Income Statement
New: More CMC's historic Net Income Growth >>


CMC Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter August - - -7.62 % 16.56 %
III Quarter May - 30.09 % -18.49 % 96.52 %
II Quarter February -51.3 % -31.29 % 64.59 % 3.54 %
I Quarter November - -9.31 % 53.21 % -5.22 %
FY (Year on Year)   - -50.16 % 194.83 % 47.72 %




Net Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Iron & Steel Industry #0
Basic Materials Sector #0
Overall #3

Net Income Y/Y Growth Statistics
High Average Low
241.93 % 42.15 % -74.87 %
(Feb 28 2022)   (Nov 30 2016)
Net Income second quarter 2024 Y/Y Growth Company Ranking
Within: No.
Iron & Steel Industry #0
Basic Materials Sector #0
Overall #3
Net Income Y/Y Growth Statistics
High Average Low
241.93 % 42.15 % -74.87 %
(Feb 28 2022)   (Nov 30 2016)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Commercial Metals's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
1031.01 % 61.1 % -90.79 %
(Nov 30 2013)  


CMC's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2024 Commercial Metals Company realized fall in Net Income from the previous quarter by -51.3% to $ 85.85 millions, from $ 176.27 millions declared in the previous reporting period.

When you look into present slump in the quarter, you must take into consideration, that frequently II. Quarter performance appear to be weaker relative to the first quarter

Within Iron & Steel industry Commercial Metals Company achieved highest sequential Net Income growth. While Commercial Metals's Net Income growth quarter on quarter, overall rank is 4.


Net Income Q/Q Growth Company Ranking
Within: No.
Iron & Steel Industry #0
Basic Materials Sector #0
Overall #4
Net Income Q/Q Growth Company Ranking
Within: No.
Iron & Steel Industry #0
Basic Materials Sector #0
Overall #4
Net Income Q/Q Growth Statistics
High Average Low
1031.01 % 61.1 % -90.79 %
(Nov 30 2013)  


CMC's II. Quarter Q/Q Net Income Comment
In the II. Quarter 2024 Commercial Metals Company disclosed fall in Net Income sequentially by -51.3% to $ 85.85 millions, from $ 176.27 millions declared a quarter before.

As we look into present shortcoming in the quarter, we must presume, that usually II. Quarter Net Income emerge softer relative to the quarter before

Within Iron & Steel industry Commercial Metals Company achieved highest sequential Net Income growth. While Commercial Metals's Net Income growth quarter on quarter, overall rank is 4.


Commercial Metals's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Feb 29 2024)
12 Months Ending
(Nov 30 2023)
12 Months Ending
(Aug 31 2023)
12 Months Ending
(May 31 2023)
12 Months Ending
(Feb 28 2023)
Cumulative Net Income 12 Months Ending $ 427.22 $ 521.22 $ 606.72 $ 1,014.88 $ 1,164.22
Y / Y Net Income Growth (TTM) -59.03 % -58.17 % -50.16 % 12.94 % 100.15 %
Year on Year Net Income Growth Overall Ranking # 1 # 3 # 3 # 0 # 0
Seqeuential Net Income Change (TTM) -18.03 % -14.09 % -37.08 % -12.83 % -4.36 %
Seq. Net Income Growth (TTM) Overall Ranking # 3 # 9 # 19 # 0 # 0




Cumulative Net Income growth Comment
Commercial Metals's cumulative 12 months Net Income continue to drop, but on the faster rate at -59.03% year on year, at Feb 29 2024 compare to the -58.17% decrease at Nov 30 2023. If the Commercial Metals's fiscal year would end at Feb 29 2024, annual Net Income would be $427 millions.

Commercial Metals Company achieved highest trailing twelve month year on year Net Income growth. While Total ranking has impoved so far to 1, from total ranking in previous quarter at 3.

Net Income TTM Q/Q Growth Statistics
High Average Low
241.93 %
42.15 %
-74.87 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Iron & Steel Industry # 0
Basic Materials Sector # 0
Overall # 1

Net Income TTM Y/Y Growth Statistics
High Average Low
241.93 %
42.15 %
-74.87 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 0
S&P 500 # 3
Cumulative Net Income growth Comment
Commercial Metals's cumulative 12 months Net Income continue to drop, but on the faster rate at -59.03% year on year, at Feb 29 2024 compare to the -58.17% decrease at Nov 30 2023. If the Commercial Metals's fiscal year would end at Feb 29 2024, annual Net Income would be $427 millions.

Commercial Metals Company achieved highest trailing twelve month year on year Net Income growth. While Total ranking has impoved so far to 1, from total ranking in previous quarter at 3.

Net Income TTM Q/Q Growth Statistics
High Average Low
241.93 %
42.15 %
-74.87 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Iron & Steel Industry # 0
Basic Materials Sector # 0
Overall # 1

Net Income TTM Y/Y Growth Statistics
High Average Low
241.93 %
42.15 %
-74.87 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 0
Sector # 0
S&P 500 # 3




Other Net Income Growth
Iron & Steel Industry Net Income Growth Trends and Statistics
Basic Materials Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
CMC's Net Income Growth Ratio versus Iron & Steel Industry, Basic Materials Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for CMC's Competitors
Net Income Growth for Commercial Metals's Suppliers
Net Income Growth for CMC's Customers

You may also want to know
CMC's Annual Growth Rates CMC's Profitability Ratios CMC's Asset Turnover Ratio CMC's Dividend Growth
CMC's Roe CMC's Valuation Ratios CMC's Financial Strength Ratios CMC's Dividend Payout Ratio
CMC's Roa CMC's Inventory Turnover Ratio CMC's Growth Rates CMC's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Feb 29 2024 within Basic Materials SectorY/Y Change %Net Income for the quarter ending Feb 29 2024
Commercial Metals Company-52.27%$ -52.267 millions




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