Commercial Metals (CMC) Tops Q1 EPS by 41c
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Commercial Metals Company Reports Record First Quarter Fiscal 2022 Results
January 10, 2022 6:45 AM ESTIRVING, Texas, Jan. 10, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal first quarter ended November 30, 2021. Earnings from continuing operations were $232.9 million, or $1.90 per diluted share, on net sales of $2.0 billion, compared to prior year earnings from continuing operations of $63.9 million, or $0.53 per diluted share, on net sales of $1.4 billion.
During the first quarter of fiscal 2022, the Company recorded a net after-tax benefit of $33.7 million, primarily related to the capital loss on an international tax restructuring transaction. Excluding this benefit, first quarter adjusted earnings from continuing... More
