Commercial Metals Q3 Adj. EPS Meets Estimates, Revenues Top

RTTNews | 286 days ago
Stocktwits
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

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 | 538 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 | 776 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 | 1021 days ago
China Services Activity Growth Accelerates

China Services Activity Growth Accelerates

China's service sector growth accelerated to a three month-high in March on rising business activity and new orders, survey data from S&P Global showed on Thursday. The Caixin services Purchasing Managers' Index logged 51.9 in March compared to 51.4 in February. The index has remained above the crucial 50.0 no-change mark for the twenty-seventh straight month.
RTTNews | 4h 13min ago
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