Reuters logo
BRIEF-Commercial Metals Company provides update regarding exit of international marketing and distribution segment
September 8, 2017 / 8:32 PM / 11 days ago

BRIEF-Commercial Metals Company provides update regarding exit of international marketing and distribution segment

Sept 8 (Reuters) - Commercial Metals Co

* Commercial Metals Company provides update regarding exit of international marketing and distribution segment

* Commercial Metals Co - ‍estimates it will record pre-tax, non-cash charges associated with entire exit plan in Q4 of 2017 in range of $30 to $35 million​

* Commercial Metals Co - ‍Q4 results to include pre-tax net expense of $16 million related to cash tender offer and redemption of 7.35% senior notes due 2018​

* Commercial Metals Co - ‍Q4 results will also include approximately $10 million in expense associated with severance costs​

* Commercial Metals Co - ‍company is continuing to work towards an exit of remaining businesses of international marketing and distribution segment​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below