Commercial Metals Q3 Results Top Estimates

RTTNews | 1021 days ago
Stocktwits
Commercial Metals Q3 Results Top Estimates

(RTTNews) - 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.

Excluding items, adjusted earnings for the quarter was $320.24 million or $2.61 per share, compared to $127.11 million or $1.04 per share in the year-ago quarter.

Net sales for the quarter surged to $2.52 billion from $1.85 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $2.02 per share on revenues of $2.40 billion for the quarter. Analysts' estimates typically exclude special items.

On Wednesday, the board of directors declared a quarterly dividend of $0.14 per share of CMC common stock, payable on July 13, 2022 to stockholders of record on June 29, 2022.

Looking ahead, the company said it expects strong financial performance to continue in the fourth quarter, with robust demand for each of CMC's major product lines expected to persist.

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 | 775 days ago
Walker's Wine Juice Recalls Pumpkin Juice For Botulism Concern

Walker's Wine Juice Recalls Pumpkin Juice For Botulism Concern

Forestville, New York-based Walker's Wine Juice LLC is recalling its pumpkin juice citing the potential contamination with Botulism, a foodborne illness, according to the U.S. Food and Drug Administration. Botulism, a rare but potentially fatal disease, is caused by a toxin produced by the bacterium Clostridium botulinum.
RTTNews | 5h 53min ago
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