Commercial Metals (CMC) Declares $0.12 Quarterly Dividend; 2.4% Yield
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Commercial Metals (CMC) Tops Q3 EPS by 18c
June 18, 2020 6:48 AM EDTCommercial Metals (NYSE: CMC) reported Q3 EPS of $0.59, $0.18 better than the analyst estimate of $0.41. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.38 billion.
GAAP earnings per diluted share from continuing operations of $0.53 were unchanged sequentially, while adjusted earnings per diluted share from continuing operations of $0.59 increased 11%Gross margin increased 3% sequentially to $225.3 millionAmericas Mills metal margin rose $17 per ton sequentially; segment achieved best conversion cost in two years. Americas Fabrication generated highest quarterly adjusted EBITDA in nearly 12... More