Steel Mills
June 20, 2018
CMC Calls Third-Quarter Performance “Outstanding”
Written by Sandy Williams
Commercial Metals Company net sales jumped 15 percent to $1.2 billion for earnings of $42.3 million for the third quarter of fiscal year 2018, ending May 31. Earnings and sales increased from the second quarter due to strong demand across all of CMC segments.
“The CMC team delivered outstanding results in our third fiscal quarter,” said President and CEO Barbara Smith. “In fact, adjusted EBITDA from continuing operations was the highest since the financial crisis and improved by 56 percent in comparison to our second quarter of 2018.”
