Commercial Metals (CMC) Tops Q2 EPS by 16c
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Commercial Metals Company Reports Second Quarter Fiscal 2017 Earnings Per Share Of $0.26
March 23, 2017 6:45 AM EDTIRVING, Texas, March 23, 2017 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its second quarter ended February 28, 2017. Net earnings for the second quarter of fiscal 2017 were $30.3 million ($0.26 per diluted share) on net sales of $1.1 billion. This compares to net earnings of $10.5 million ($0.09 per diluted share) on net sales of $1.0 billion for the second quarter of fiscal 2016. Results for the second quarter of fiscal 2016 included an after-tax impact of debt extinguishment costs of $7.4 million ($0.06 per diluted share) associated with the tender offers for senior notes completed on February 17, 2016. Earnings from... More
