Filing Flows › Commercial Metals (CMC) › Q2 FY25
Commercial Metals (CMC) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Mar 25, 2025
Commercial Metals (CMC) reported revenue of $1.8B for the second quarter fiscal 2025 (Q2 FY25), -5% from a year earlier and -8% from the quarter before. Operating margin was 2.1%, net earnings $25.5M (1.5% of revenue).
Commercial Metals, Q2 FY25: revenue $1.8B (-5% year over year), operating margin 2.1%, net earnings $25.5M, operating cash flow $32.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -8% | -5% |
| Operating profit | $36.1M | — | -69% |
| Net earnings | $25.5M | — | -70% |
| Operating cash flow | $32.4M | -85% | -64% |
What changed
Revenue was $1.8B in Q2 FY25, down 5% year over year and down 8% from the previous quarter. Steel products was the largest line at 43% of revenue. Downstream products lost $0.08B year over year (down 14%), 88% of the total change.
Operating profit was $0.04B, a 2.1% margin (down 4.3 points year over year). Total costs fell 1% while revenue fell 5%. The fastest-growing cost line was Other operating costs (+34%). Net earnings were $0.03B, down 70% year over year. The effective tax rate was 29.4%.
Operating cash flow was $0.03B (down 64% year over year), 127% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.09B exceeded it, leaving free cash flow of −$0.05B.
Questions
What was Commercial Metals' revenue in the second quarter fiscal 2025?
Commercial Metals (CMC) reported revenue of $1.8B for the second quarter fiscal 2025 (Q2 FY25), -5% from a year earlier and -8% from the quarter before.
Was Commercial Metals profitable in the second quarter fiscal 2025?
Operating profit was $36.1M (2.1% of revenue) and net earnings $25.5M.
Source: Commercial Metals 10-Q on SEC EDGAR.