Commercial Metals Q2 Profit Tops Estimates

(RTTNews) - Commercial Metals Company (CMC) reported second quarter adjusted earnings per share from continuing operations of $0.66, compared to $0.53, last year. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.59, for the quarter. Analysts' estimates typically exclude special items.

Second quarter net sales were $1.5 billion, compared to $1.3 billion, previous year. Analysts expected revenue of $1.46 billion, for the quarter.

On March 17, 2021, the board declared a quarterly dividend of $0.12 per share of CMC common stock payable to stockholders of record on March 31, 2021. The dividend will be paid on April 14, 2021.