For the quarter ended February 28, 2006, Commercial Metal Co., a maker, marketer and recycler of steel and other metal products, reported net earnings of $80.1 million on net sales of $1.6 billion. That made it the strongest second quarter in the century-plus history of the company.
"We again generated outstanding profits in what is typically our weakest quarter, results which exceeded our expectations and after a period of declining steel prices in many parts of the world," said Chairman and CEO Stanley A. Rabin on March 21 of this year. "Our outlook for the third quarter and second half remains very positive. . . . We believe product demand should accelerate further, and volume and prices remain strong." He noted that on February 28 of this year stockholders' equity in the company was above $1 billion for the first time. That day, at the end of the company's second quarter, the company's working capital was $962 million.
IW 50 Best Manufacturing Company
