CMC's earnings double on sales price gains
Oct 25, 2005 | 12:32 PM
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Commercial Metals Co. said its net income more than doubled to $285.8 million in its fiscal year on sales that climbed 38.3 percent to $6.59 billion compared with a year earlier.
COMMERCIAL METALS CO.(in thousands except per share) 20052004Year ended Aug. 31Net sales$6,592,697$4,768,327Net income$285,781$132,021Per share4.632.214th qtr. ended Aug 31Net sales$1,740,061$1,463,054Net income$83,740$47,354Per share1.380.78Helping the Irving, Texas,-based company were wider margins between its U.S. mini-mills' selling prices and the scrap used as raw material.....
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