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Article: Commercial Metals Company Reports All-Time Record Annual and Quarterly Earnings; Favorable Conditions Should Continue.
- Article from:
- PR Newswire
- Article date:
- October 24, 2006
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IRVING, Texas, Oct. 24 /PRNewswire-FirstCall/ -- Commercial Metals Company today reported record net earnings of $356 million or $2.89 per diluted share on net sales of $7.6 billion for the year ended August 31, 2006. This compares with net earnings of $286 million or $2.32 per diluted share on net sales of $6.6 billion last year, which was the previous record year. The Company's net earnings return on beginning equity was 40%.
Fourth quarter net earnings were a record for any quarter at $128.7 million or $1.04 per diluted share on net sales of $2.2 billion. This compares with $83.7 million or $0.69 per diluted share on net sales of $1.7 billion in the fourth ...