Commercial Metals Q2 Profit Rises - Quick Facts

(RTTNews) - Commercial Metals Company (CMC) reported that its second-quarter earnings from continuing operations increased to $11.06 million or $0.09 per share, from $3.93 million or $0.03 per share,last year. Adjusted EBITDA was $67.9 million, compared to $60.1 million for the prior year's second quarter. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

Net sales decreased to $1.65 billion from $1.69 billion. Analysts expected revenue of $1.70 billion for the quarter.

Joe Alvarado, CEO of Commercial Metals, said, "As expected, results for the second quarter declined due to the impact of normal seasonality, inclement weather conditions particularly in North America and holiday slowdowns."