Commercial Metals Q2 Results Top Estimates; Boosts Dividend 14%

RTTNews | 708 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 | 505 days ago
Commercial Metals Appoints Peter Matt To Succeed Barbara Smith As President

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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.
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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 | 988 days ago
Asian Shares Slump On Trade Worries

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Asian stocks plummeted on Friday as traders grappled with underwhelming Nvidia Corp. results and U.S. President Donald Trump's new tariff threats.
RTTNews | 5h 1min ago
UK Nationwide House Price Rise More Than Forecast

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UK house prices increased more than expected in February as buyers brought forward their transactions ahead of stamp duty change in April, the mortgage lender Nationwide Building Society said on Friday. House price grew at a pace of 0.4 percent on a monthly basis in February after a 0.1 percent gain in the previous month. Moreover, this was the sixth consecutive monthly increase and was faster t
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