CMC earnings slide, but still near top mark

CMC

Fourth quarter ended Aug. 31	2024	2023	Change
Net sales	$1,996.1	$2,209.2	-9.6%
Net income (loss)	$103.9	$184.2	-43.6%
Per diluted share	$0.90	$1.56	-42.3%
Full year ended Aug. 31
Net sales	$7,925.9	$8,799.5	-9.9%
Net income (loss)	$485.5	$859.7	-43.5%
Per diluted share	$4.14	$7.25	-42.9%

(in millions of dollars except per share)

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.