Commercial Metals Company Reports Fivefold Jump in Second-Quarter Profits
SUGAR LAND--March 27, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Commercial Metals Company (NYSE:CMC) (CMC) (Irving, Texas) reported $54.5 million in net earnings for its second-quarter 2015, which ended February 28, up from $11.1 million in the same quarter a year earlier. The company cited better sales margins as raw-material and scrap-metal costs fell. Second-quarter sales by the manufacturer of steel and other metals totaled $1.4 billion, compared with nearly $1.6 billion a year earlier. Industrial Info is tracking $48 million in active CMC projects.
Within this article: Second-quarter earnings results for Commercial Metals Company, with details on upcoming plans and projects.
