Steel Mills
October 24, 2013
CMC Reports 8th Consecutive Quarter of Positive Earnings
Written by Sandy Williams
Commercial Metals Company reported earnings of $4.1 million on net sales of $1.7 billion for its FY 2013 fourth quarter (ending August 31, 2013). Net earnings included an asset impairment charge of $25.9 million related to its Australian operation. In comparison, CMC reported net earnings of $30.2 million in fourth quarter 2012.
CMC net earnings for the full fiscal year were $77.3 million on net sales of $6.9 billion, compared to net earnings of $207.5 million on sales of $7.7 billion in FY 2012.
