Advertisement
Commercial Metals Q2 Results Top Estimates; Boosts Dividend 14%
(RTTNews) - Commercial Metals Co. (CMC) on Monday reported that net earnings for the second quarter more than halved to $179.85 million or $1.51 per share from $383.31 million or $3.12 per share in the prior-year quarter.
Net sales for the quarter edged up to $2.02 billion from $2.01 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share on revenues of $1.97 billion for the quarter. Analysts' estimates typically exclude special items.
On Wednesday, the board of directors declared a 14 percent higher quarterly dividend of $0.16 per share of CMC common stock, payable on April 12, 2023 to stockholders of record on April 3, 2023.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Commercial Metals Q3 Adj. EPS Meets Estimates, Revenues Top
Commercial Metals Q4 Adj. EPS Misses Estimates
Commercial Metals Appoints Peter Matt To Succeed Barbara Smith As President
Commercial Metals Q1 Results Top Estimates; Boosts Dividend 14%
Commercial Metals Q4 Results Top Estimates; Boosts Dividend 14%
Commercial Metals Q3 Results Top Estimates
U.S. Dollar Higher On Trade Hopes
