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Commercial Metals Q1 earnings $19.4 million

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Staff Writer | Tuesday January 8, 2019 3:17AM ET
Commercial Metals
Commercial Metals   First quarter results include net after tax expenses of $22.1 million

Commercial Metals Company announced financial results for its fiscal first quarter ended November 30, 2018.


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For the three months ended November 30, 2018, earnings from continuing operations were $19.4 million, or $0.16 per diluted share, on net sales of $1.3 billion, compared to earnings from continuing operations of $31.9 million, or $0.27 per diluted share, on net sales of $1.1 billion for the three months ended November 30, 2017.

First quarter results include net after tax expenses of $22.1 million related to certain non-operational costs.

Excluding these expenses, adjusted earnings from continuing operations were $41.5 million, or $0.35 per diluted share, as detailed in the non-GAAP reconciliation on page 12, compared to adjusted earnings from continuing operations of $36.2 million, or $0.31 per diluted share, for the three months ended November 30, 2017.

 

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