CMC profit falls on weaker fabrication division results

Jan 07, 2014 | 12:10 PM | Catherine Ngai

Tags  Commercial Metals, CMC, steel, Joseph Alvarado, construction, fabrication, steel mills, earnings report Catherine Ngai

NEW YORK — Commercial Metals Co. (CMC) earnings fell in its fiscal first quarter due in part to a weaker performance by its Americas Fabrication segment, offset by strong gains by its mill divisions.

The Irving, Texas-based steelmaker and metals recycler posted net income of $45.92 million for the three months ended Nov. 30, down 7.6 percent from $49.72 million in the same period a year earlier, on sales that fell 3.8 percent to $1.68 billion.....

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