Commercial Metals (CMC) Tops Q3 EPS by 71c
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Commercial Metals Company Reports Third Quarter Fiscal 2022 Results
June 16, 2022 6:45 AM EDTNet earnings of $312.4 million, or $2.54 per diluted share, increased by 140% compared with $130.4 million, or $1.07 per diluted share, in the prior year periodCore EBITDA of $483.9 million increased 110% year-on-year; a total of $1.4 billion of Core EBITDA achieved over the trailing 12 months Margins over scrap in North America and Europe reflect strong market conditions and favorable customer sentimentContinued strength in North America downstream pipeline, with record bid activity and backlog levels on both a volume and price basisCompleted the acquisition of Tensar Corporation, creating a new, attractive strategic growth... More
