Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal third quarter ended May 31, 2024. Net earnings were $119.4 million, or $1.02 per diluted share, on net sales of $2.1 billion, compared to prior year period net earnings of $234.0 million, or $1.98 per diluted share, on net sales of $2.3 billion.
Today, June 19, 2024, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE: CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock. CMC's 239th consecutive quarterly dividend will be paid on July 10, 2024, to stockholders of record as of the close of business on July 1, 2024.
Commercial Metals' (CMC) fiscal third-quarter results are likely to reflect strong demand in North America, offset by weak market conditions in Europe.