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    Market Segment

    March 20, 2025

    CMC earnings fall on seasonal weakness, economy woes

    Written by Ethan Bernard

    CMC

    Fiscal second quarter ended Feb. 2820252024% Change
    Net sales$ 1,754$1,848-5.1%
    Net earnings (loss)$25.5$85.8-70.3%
    Per diluted share$0.22$0.73-69.9%
    Six months ended Feb. 28
    Net sales$ 3,664$3,851-4.9%
    Net earnings (loss)($150.2)$262.1-157.3%
    Per diluted share($1.32)$2.22-159.5%
    (in millions of dollars except per share)

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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