Atlanta, GA – Scibility Media – 11/06/2014.
This article discusses two companies: Commercial Metals Company(NYSE:CMC) and Con-way Inc(NYSE:CNW)
Commercial Metals Company(NYSE:CMC) is a Texas-based steel and iron company that manufactures and markets steel and metal products. Its business operations include the processing of scrap metals, the operation of steel mills and fence post manufacturing plants, and the distribution of steel products and ferrous and nonferrous metals.
The company reported its fiscal fourth quarter financial results on Oct. 29th, 2014, which included a net earnings attributable to the company of $34.9 million, or $0.29 per common share. Commercial Metals Company has traded within a range of $14.21 to $21.20 over the past 52 weeks, yet finished yesterday’s trading at a closing price of $16.42. This indicates that Commercial Metals is currently at a strong “Buy Low” price.
Con-way Inc(NYSE:CNW) provides transportation, logistics, and supply chain management services through its subsidiaries. Specifically, the company offers freight services, contract-logistics solutions, and dry-van transportation services.
On Oct. 29th, 2014, the company reported its third quarter financial results. Con-way’s figures included a net income of $45.6 million, or $0.78 per diluted share. Comparatively, this was a strong quarter for the Michigan-based company. Con-way recorded a net income of $30.6 million, or $0.53 per diluted share, during third quarter 2013.
On Oct. 24th, the company also reported the union representation elections results at three Con-way Freight locations in Southern California. The downtown Los Angeles location voted in favor of union representation by what Con-way calls “a very narrow majority.”
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