Commercial Metals (CMC) Reports In-Line Q1 EPS

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Commercial Metals Company Reports First Quarter Earnings From Continuing Operations Of $0.16 Per Share And Adjusted Earnings From Continuing Operations Of $0.35 Per Share

January 7, 2019 6:45 AM EST

IRVING, Texas, Jan. 7, 2019 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal first quarter ended November 30, 2018.  For the three months ended November 30, 2018, earnings from continuing operations were $19.4 million, or $0.16 per diluted share, on net sales of $1.3 billion, compared to earnings from continuing operations of $31.9 million, or $0.27 per diluted share, on net sales of $1.1 billion for the three months ended November 30, 2017.

First quarter results include net after tax expenses of $22.1 million related to certain non-operational costs.  Excluding these expenses, adjusted earnings from continuing operations were $41.5 million, or... More