Commercial Metals Q2 Results Top Estimates; Boosts Dividend 14%

RTTNews | 641 days ago
Stocktwits
Commercial Metals Q2 Results Top Estimates; Boosts Dividend 14%

(RTTNews) - Commercial Metals Co. (CMC) on Monday reported that net earnings for the second quarter more than halved to $179.85 million or $1.51 per share from $383.31 million or $3.12 per share in the prior-year quarter.

Net sales for the quarter edged up to $2.02 billion from $2.01 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share on revenues of $1.97 billion for the quarter. Analysts' estimates typically exclude special items.

On Wednesday, the board of directors declared a 14 percent higher quarterly dividend of $0.16 per share of CMC common stock, payable on April 12, 2023 to stockholders of record on April 3, 2023.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: CMC
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Commercial Metals Q4 Adj. EPS Misses Estimates

Commercial Metals Q4 Adj. EPS Misses Estimates

Commercial Metals Co. (CMC) on Thursday reported that net earnings for the fourth quarter declined to $184.17 million or $1.56 per share from $288.63 million or $2.40 per share in the prior-year quarter.
RTTNews | 438 days ago
Commercial Metals Appoints Peter Matt To Succeed Barbara Smith As President

Commercial Metals Appoints Peter Matt To Succeed Barbara Smith As President

The Board of Directors of Commercial Metals Co. (CMC) announced Thursday that, as part of the Company's succession plan, the Board has appointed Peter Matt as President, effective as of April 1, 2023, succeeding Barbara Smith who will remain Chairman and Chief Executive Officer of the Company.
RTTNews | 676 days ago
Commercial Metals Q3 Results Top Estimates

Commercial Metals Q3 Results Top Estimates

Commercial Metals Co. (CMC) on Thursday reported that net earnings for the third quarter soared to $312.43 million or $2.54 per share from $130.41 million or $1.07 per share in the prior-year quarter.
RTTNews | 921 days ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as traders seemed reluctant to make more significant moves amid what is likely to be a quiet week due to the Christmas Day holidays. Optimism about more interest rate cuts by the U.S. Fed next year is aiding market sentiment. Asian markets closed mostly higher on Monday.
RTTNews | 5h 4min ago
Australian Market Extends Gains In Mid-market

Australian Market Extends Gains In Mid-market

The Australian stock market is extending its gains in mid-market trading on Tuesday, continuing to add to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying a tad above the 8,200 level, with stocks across sectors trading mixed amid a lack of direction ahead of the Christmas holidays.
RTTNews | 5h 45min ago
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