Commercial Metals Q3 Adj. EPS Meets Estimates, Revenues Top

RTTNews | 253 days ago
Commercial Metals Q3 Adj. EPS Meets Estimates, Revenues Top

(RTTNews) - Commercial Metals Co. (CMC) on Thursday reported that net earnings for the third quarter declined to $119.44 million or $1.02 per share from $233.97 million or $1.98 per share in the prior-year quarter.

Net sales for the quarter decreased to $2.08 billion from $2.34 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.02 per share on revenues of $2.02 billion for the quarter. Analysts' estimates typically exclude special items.

On Wednesday, the board of directors declared a quarterly dividend of $0.18 per share of CMC common stock, payable on July 10, 2024 to stockholders of record on July 1, 2024.

Looking ahead, the company said it expects consolidated financial results in the fiscal fourth quarter to be consistent with third quarter levels.

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

read more
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

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 | 743 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 | 988 days ago
France Inflation Lowest In 4 Years On Energy Prices

France Inflation Lowest In 4 Years On Energy Prices

French inflation sunk to the lowest in four years in February due to a notable fall in electricity prices and the economy contracted for the first time since early 2023, official data showed Friday. Consumer price inflation was 0.8 percent in February compared to 1.7 percent in January, the statistical office INSEE said. This was the weakest since February 2021 and was also below forecast of 1.0
RTTNews | 5h 23min ago
German Unemployment Rises Less Than Expected

German Unemployment Rises Less Than Expected

German unemployment increased only moderately in February but the economic weakness remained visible on the labor market, the Federal Employment Agency said Friday. The number of people out of work rose 5,000 in February, while economists had forecast a sharp increase of 14,000. Unemployment had increased 11,000 in January.
RTTNews | 5h 39min ago