Monday, January 8, 2024

Commercial Metals Q1 Profit Tops Estimates

Commercial Metals Company (CMC) reported first quarter net earnings of $176.3 million, or $1.49 per share, compared to $261.8 million, or $2.20 per share, prior year. Excluding item, adjusted earnings were $192.7 million, or $1.63 per share, compared to $266.2 million, or $2.24 per share, previous year. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $1.45, for the quarter. Analysts' estimates typically exclude special items.

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