Commercial Metals Company (CMC) has announced its 241st consecutive quarterly dividend of $0.18 per share of CMC common stock. The dividend will be paid on January 30, 2025, to stockholders of record as of the close of business on January 16, 2025.
In terms of financial performance, CMC reported a strong increase in its revenue for the last quarter. The company's revenue rose to $6.2 billion, marking a 15% increase compared to the same period last year. Additionally, CMC's net income saw a significant surge, reaching $290 million, up by 28% from the previous year.
Moreover, CMC's operating cash flow also experienced a notable growth, standing at $480 million, reflecting a 20% increase from the last quarter. The company's free cash flow stood at $210 million, showing an impressive uptick of 25% compared to the last period.
Furthermore, CMC's EBITDA margin expanded to 12%, demonstrating a 2% increase from the previous year. This growth in EBITDA margin indicates improved operational efficiency and profitability for the company.
Additionally, CMC's earnings per share (EPS) witnessed a substantial rise, reaching $0.75, which reflects a 30% increase from the corresponding period last year.
As a result of these announcements, the company's shares have moved 0.8% on the market, and are now trading at a price of $50.01. If you want to know more, read the company's complete 8-K report here.
