Commercial Metals Q2 Results Top Estimates; Boosts Dividend 14%

RTTNews | 593 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 | 390 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 | 628 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 | 873 days ago
Swiss Market Ends Weak

Swiss Market Ends Weak

Despite a positive spell early on in the session on Tuesday, the Switzerland market turned a bit sluggish and then drifted down to eventually close modestly lower, as some disappointing earnings news weighed on sentiment.
RTTNews | 6h 6min ago
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