Commercial Metals Company: 2002 Annual Report
- Topics:
- Investor Relations
- Tags:
- Cash Flow,
- Company,
- Dividend,
- Earnings,
- Finance,
- Financial Accounting,
- Financial Planning,
- Sales,
- Sales Strategy
- Source:
- Commercial Metals Company
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Overview: "The Commercial Metals Company for the year ended August 31, 2002,reported net earnings per diluted share of $1.43 on net earnings of $40.5 million, substantially above the prior year results, and net sales of $2.4 billion. Cash flows from operations before changes in operating assets and liabilities for the year were $107 million or $3.80 per diluted share. Net earnings for the fourth quarter were $9.0 million or $0.31 per diluted share on net sales of $673 million. For the fourth quarter of 2002, cash flows from operations were $30 million. The Company generated free cash flow for the third consecutive year. The Company’s board of directors declared a two-for-one stock split in the form of a 100% stock dividend on the Company’s common stock. The directors declared a quarterly cash dividend of eight cents per share; it is new cash dividend rate on the post-split shares represented a 23% increase in the cash The demand for the cellular beam product is growing at a modest but steady rate. Cell beam production has been consolidated in the Arkansas facility. Marketing efforts to inform architects and engineers on this new product are continuing."
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Format: PDF | Size: 771KB | Date: Jan 2002 | Pages: 76
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