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Article: Commercial Metals Company Reports Record Third Quarter; Fourth Quarter Outlook Strong.

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PR Newswire
Article date:
June 20, 2007
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IRVING, Texas, June 20 /PRNewswire-FirstCall/ -- Commercial Metals Company today reported net earnings of $99.4 million or $0.82 per diluted share on net sales of $2.3 billion for the quarter ended May 31, 2007, ranking it as the strongest third quarter ever reported by the Company. This compares with net earnings of $78.0 million or $0.62 per diluted share on net sales of $2.0 billion for the third quarter last year. This year's third quarter included after-tax LIFO expense of $20.1 million or $0.16 per diluted share. This compares with expense of $28.6 million or $0.23 per share in last year's third quarter. At quarter end our LIFO reserve totaled $249 million.

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