Commercial Metals Expect Financial Performance To Remain Strong In The Fourth-Quarter 2023
Portfolio Pulse from Benzinga Newsdesk
Commercial Metals Company (CMC) expects strong financial performance in Q4 2023, with North America finished steel product shipments consistent with Q3, supported by high demand and backlog. European segment results are anticipated to remain unchanged due to economic uncertainty.
June 22, 2023 | 10:53 am
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Commercial Metals Company expects a strong Q4 2023 financial performance, with stable North America steel shipments and unchanged European results.
The strong financial performance expected for Q4 2023 is likely to have a positive impact on CMC's stock price. The stable North America steel shipments and unchanged European results indicate a consistent demand for their products, which is a positive sign for investors.
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