Commercial Metals (CMC) Misses Q4 EPS by 3c, Revenues Miss

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Go back to Commercial Metals (CMC) Misses Q4 EPS by 3c, Revenues Miss

Commercial Metals Company Reports Fourth Quarter And Full Year Fiscal 2020 Results

October 15, 2020 6:45 AM EDT

IRVING, Texas, Oct. 15, 2020 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal fourth quarter and year ended August 31, 2020.  Earnings from continuing operations were $67.8 million, or $0.56 per diluted share, in the fourth quarter, compared to $85.9 million, or $0.72 per diluted share, in the prior year period. For the full year, earnings from continuing operations were $278.3 million, or $2.31 per diluted share, compared to $198.8 million, or $1.67 per diluted share in the prior year.

During the fourth quarter of fiscal 2020, the Company incurred $27.5 million in net after-tax charges, the largest of... More