Commercial Metals (CMC) Tops Q2 EPS by 3c

Commercial Metals (NYSE: CMC) reported Q2 EPS of $0.29, $0.03 better than the analyst estimate of $0.26. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.48 billion.

Outlook

"Performance from our acquired assets have exceeded our initial transaction rationale business case. Looking ahead, we are optimistic that the upcoming construction season will be strong both in the U.S. and Poland," said Ms. Smith. "The combination of a good mill margin environment, ongoing progress on executing cost reduction opportunities afforded by the acquisition, and completing some of the lower margin rebar fabrication backlog, gives us confidence that we will deliver strong results for the balance of the fiscal year."

For earnings history and earnings-related data on Commercial Metals (CMC) click here.

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