Rising overseas costs cut CMC’s profits 19%
Dec 19, 2007 | 12:19 PM
| Maria Guzzo
Commercial Metals Co. (CMC) blamed lower profits and higher costs at its international mills for a 19-percent decline in net income to $69.2 million in its fiscal first quarter despite sales that increased 11.8 percent to $2.12 billion compared with the same period last year.....
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