Commercial Metals (CMC) Tops Q1 EPS by 19c
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Commercial Metals Company Reports First Quarter Fiscal 2020 Results
January 6, 2020 6:45 AM ESTIRVING, Texas, Jan. 6, 2020 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal first quarter ended November 30, 2019. First quarter earnings from continuing operations were $82.8 million, or $0.69 per diluted share, on net sales of $1.4 billion, compared to prior year period earnings from continuing operations of $19.4 million, or $0.16 per diluted share, on net sales of $1.3 billion. Net sales increased 8% on a year-over-year basis driven by the Company's growth strategy and strong fundamentals in its core markets.
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