Steel Mills
March 20, 2020
CMC Prevails Over Challenges in Q2
Written by Sandy Williams
Commercial Metals Company reported a strong second quarter for fiscal year 2020 ending Feb. 29. The Americas Mills segment achieved record second-quarter shipment levels while the International Mill had the highest shipment level for second quarter in 12 years.
Earnings for the quarter were $63.6 million on net sales of $1.3 billion. Gross margins jumped 45 percent year-over year, while total shipment volume grew 2.0 percent.
