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.
First quarter net sales were $2.0 billion, compared to $2.2 billion, last year. Analysts on average had estimated $1.89 billion in revenue.
On January 4, 2024, the board declared a quarterly dividend of $0.16 per share, payable to stockholders of record on January 18, 2024.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.