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.
美國工商五金公司（紐交所：CMC）股價上漲，因公司報告了第三季度FY24的淨銷售額爲207.8億美元，超過了20.34億美元的共識。
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.
該公司表示，北美市場基本面保持強勁，支持穩定至略微改善的鋼鐵產品毛利率，健康的出貨量水平和穩定的下游備貨量。
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.
美國工商五金公司報告說，歐洲鋼鐵集團在第三季度在調整後的EBITDA基礎上實現了幾乎達到盈虧平衡的業績。市場狀況相對於上一季度保持穩定，完成鋼材價格和產品毛利率略微上升。
The Europe Steel Group's average selling price increased by $8 per ton from the second quarter of fiscal 2024.
歐洲鋼鐵集團的平均售價比2024財年第二季度上漲了8美元每噸。
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從上一財年同期的3.845億美元下降到2.561億美元，核心EBITDA毛利率爲12.3%。
Adjusted EPS was $1.02, which is in line with the consensus.
調整後的每股收益爲1.02美元，符合共識。
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，現金及現金等價物總額爲6.983億美元，可用流動資金約爲15億美元。
The company's net cash flows from operating activities for the first nine months totaled $547.9 million.
該公司前九個月的經營活動淨現金流爲5.479億美元。
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回購了價值5180萬美元的股票。截至五月末，現有的回購授權下，剩餘4.586億美元的股份可用於回購。
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，董事會宣佈每股股息爲0.18美元（同比增長13%），於7月10日支付給股東，股權登記日爲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·馬特（Peter Matt）、總裁兼首席執行官表示：“我們預計我們第四季度的彙總財務數據與第三季度的水平保持一致。北美鋼鐵集團的成品出貨量預計按序列基礎持平，而調整後的EBITDA毛利率應該保持相對穩定。”
"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."
“我們歐洲鋼鐵集團的調整後EBITDA有望繼續季度到季度的改善趨勢，儘管市場狀況預計將繼續具有挑戰性。新興企業集團的財務數據應該略有改善，這是由於穩定的基本市場基本面和健康的訂單簿所推動。”
Investors can gain exposure to the stock via VanEck Steel ETF (NYSE:SLX) and SPDR S&P Metals & Mining ETF (NYSE:XME).
投資者可通過鋼鐵指數etf-vaneck（NYSE:SLX）和SPDR S&P金屬和採礦etf（NYSE:XME）獲得該股票的接觸。
Price Action: CMC shares are up 5.85% at $53.71 at the last check Thursday.
CMC股價在週四最後一次交易中上漲5.85%，報53.71美元。
譯文內容由第三人軟體翻譯。