CMC’s sales, shipments fall in qtr. but remains profitable

Jun 27, 2013 | 12:55 PM | Samuel Frizell

Tags  Commercial Metals, CMC, rebar, merchant products, America mills, American fabrication, earnings report, Samuel Frizell

NEW YORK — Commercial Metals Co. (CMC) saw sales and shipments fall in its fiscal third quarter compared with the same period last year, particularly in its U.S. mill segment, but it remained profitable.

The Irving, Texas-based company posted net income of $18.96 million for the three months ended May 31, down 53.4 percent from $40.68 million a year earlier on sales that slid 10.6 percent to $1.79 billion.....

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