June 2007 -- Global expansion and "favorable market" conditions helped steel maker and recycler Commercial Metals Co. achieve record net earnings of $356 million, or $2.89 per share, on net sales of $7.6 billion in 2006. This compares with a profit of $286 million, or $2.32 per share, on net sales of $6.6 billion in 2005.
The year-end quarter also was a record-setter, with net earnings of $128.7 million, or $1.04 per share on net sales of $2.2 billion compared with net earnings of $83.7 million, or 69 cents per share, on net sales of $1.7 billion in the year-earlier period.
"Fiscal year 2006 was our third consecutive record, a superlative year by any standard, and it closed with the best quarter ever," said Chairman Stanley Rabin in an Oct. 24, 2006, statement. "We continued to benefit in the fourth quarter from favorable market conditions for most of our businesses and achieved excellent performance in all of our segments."
The company's business segments include domestic mills, domestic fabrication, recycling, a Polish steel operation called CMCZ, and marketing and distribution.
For further financial information visit http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=CMC.
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