Commercial Metals Company Reports Fourth Quarter And Full Year Fiscal 2020 Results
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Commercial Metals (CMC) Misses Q4 EPS by 3c, Revenues Miss
October 15, 2020 6:48 AM EDTCommercial Metals (NYSE: CMC) reported Q4 EPS of $0.56, $0.03 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.37 billion.
Fourth quarter GAAP Earnings from Continuing Operations increased 5.6% sequentially, Adjusted Earnings from Continuing Operations increased 35%Fourth quarter Core EBITDA rose 14% sequentially. Fiscal year 2020 Core EBITDA increased 30% year-over-yearFourth quarter North America segment Adjusted EBITDA increased 9% sequentially, driven by higher shipments of finished product and strong cost management throughout the vertically integrated value chainGenerated full year Cash from Operations of $791.2 millionBarbara R.... More
