Commercial Metals Co.

NYSE:CMC   3:59:59 PM EDT
20.78
-0.55 (-2.58%)
Other Pre-Announcement

Commercial Metals Reports Q4 Earnings Per Share Of $0.56 From Continuing Operations

Published: 10/15/2020 11:09 GMT
Commercial Metals Co (CMC) - Mpany Reports Fourth Quarter and Full Year Fiscal 2020 Results.
Q4 Earnings per Share $0.56 From Continuing Operations.
Q4 Earnings per Share Estimate $0.60 -- Refinitiv Ibes Data (analyst estimates).
Q4 Adjusted Earnings per Share $0.79 From Continuing Operations Excluding Items.
Shipments of Steel and Downstream Products in Near-term Should Be Supported by Solid Construction Backlog.
Reduced Its Debt Sequentially, While Also Improving Its Cash Balance to $542.1 Million at August 31, 2020.
Availability Under Co's Credit and Accounts Receivable Programs Was $661.9 Million at August 31, 2020.
Anticipate Margin Headwinds in Q1 Within North America Due to Recent Rise in Scrap Costs Mitigated.
Q4 Earnings per Share View $0.60 -- Refinitiv Ibes Data (analyst estimates).
Anticipate Margin Headwinds in Q1 Within North America in Part by Steel Price Increases That Became Effective During Quarter.
Market for Long Products in Europe is Expected to Remain Challenged Due to Elevated Import Levels.
Demand Appears Solid, Driven by Construction Sector Resilience, and Rebounding Central European Industrial Production.