Commercial Metals (CMC) Misses Q1 EPS by 8c

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Commercial Metals Company Reports First Quarter Earnings Per Share Of $0.21 And Earnings Per Share From Continuing Operations Of $0.22

January 5, 2016 6:45 AM EST

IRVING, Texas, Jan. 5, 2016 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its first quarter ended November 30, 2015. Net earnings attributable to CMC for the three months ended November 30, 2015 were $25.1 million ($0.21 per diluted share) on net sales of $1.2 billion. This compares to net earnings attributable to CMC of $32.2 million ($0.27 per diluted share) on net sales of $1.7 billion for the first quarter ended November 30, 2014.

Earnings from continuing operations for the first quarter of fiscal 2016 were $25.6 million ($0.22 per diluted share), compared with earnings from continuing operations of $34.3 million ($0.29 per diluted... More