Commercial Metals Company Reports Third Quarter Fiscal 2019 Results
Commercial Metals Company (CMC)
Last commercial metals company earnings: 3/19 06:45 am
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US:NYSE Investor Relations:
ir.cmc.com
Company Research
Source: PR Newswire
IRVING, Texas, June 20, 2019 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal third quarter ended May 31, 2019. For the three months ended May 31, 2019, earnings from continuing operations were $78.6 million, or $0.66 per diluted share, on net sales of $1.6 billion, compared to earnings from continuing operations of $42.3 million, or $0.36 per diluted share, on net sales of $1.2 billion for the prior year period. Revenue increased 33% on a year-over-year basis driven by the Company's growth strategy and strong fundamentals in its core markets.Third quarter fiscal 2019 results included net after tax expenses of $1.8 million related to certain non-operational costs related to the acquisition of rebar assets from Gerdau S.A. Excluding these expenses, adjusted earnings from continuing operations were $80.4 million, or $0.67 per diluted share, as detailed in the non-GAAP reconciliation on page 12. This represents a 64% increase comp
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News
- Commercial Metals (NYSE: CMC) is now covered by analysts at Morgan Stanley. They set an "equal weight" rating and a $65.00 price target on the stock.MarketBeat
- CMC Publishes 2024 Sustainability ReportPR Newswire
- Commercial Metals (NYSE: CMC) had its "sell" rating re-affirmed by analysts at UBS Group AG. They now have a $56.00 price target on the stock, down previously from $62.00.MarketBeat
- CMC Announces First Quarter Fiscal 2025 Conference Call Webcast DetailsPR Newswire
- CMC Recognized as One of America's Most Responsible Companies by Newsweek for 2025 [Yahoo! Finance]Yahoo! Finance
CMC
Earnings
- 10/17/24 - Miss
CMC
Sec Filings
- 11/26/24 - Form ARS
- 11/26/24 - Form DEFA14A
- 11/26/24 - Form DEF
- CMC's page on the SEC website