Commercial Metals

Commercial Metals Co. engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: North America and Europe. The North America segment is a vertically integrated network of recycling facilities, steel mills and fabrication operations. The Europe segment is a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland. The company was founded by Moses Feldman in 1915 and is headquartered in Irving, TX.

Earnings data Q2 2021

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Earnings data Q1 2025

Commercial Metals (CMC) reports robust Q1 earnings and strategic growth outlook

Commercial Metals (CMC) delivered impressive financial results in Q1 2023, driven by strong core EBITDA and net earnings. The company's focus on sustainability, strategic investments, and market insights position it well for future growth despite production challenges and economic headwinds.

Commercial Metals (CMC) reports robust Q2 earnings amidst global market dynamics

Commercial Metals (CMC) delivered strong financial results in Q2 2023, driven by solid performance in North America and operational progress in key projects. While facing challenges in European markets, the company remains optimistic about sequential EBITDA improvement and overall financial strength. Strategic opportunities in the U.S. and Europe, coupled with positive market indicators, position CMC for continued growth.

Commercial Metals (CMC) posts stellar Q3 earnings amidst regional challenges

Commercial Metals (CMC) delivered strong financial results in Q3 2023, with a focus on growth, acquisitions, and capital allocation. While North America remains a stronghold, challenges in Europe and Turkey require attention. The company's strategic investments and focus on operational efficiency position it well for future growth.

Commercial Metals (CMC) reports robust Q4 performance and strategic growth

Commercial Metals (CMC) delivered strong financial results in Q4 2023, with a focus on growth and operational excellence.
Despite challenges in the European market and metal spread compression, CMC's strategic projects and capital allocation strategy are driving positive outcomes.
The company's emphasis on safety, cash flow generation, and future opportunities positions CMC for continued success.
CMC's outlook for Q1 2024 remains positive, with a cautious approach due to market conditions and potential challenges.

Commercial Metals (CMC) reports robust Q1 earnings and strategic growth plans

Commercial Metals (CMC) delivered a strong financial performance in Q1 2024, driven by robust results in key segments and strategic initiatives. Despite challenges in Europe, the company remains focused on optimizing operations, driving growth, and capitalizing on opportunities for expansion. With a solid balance sheet and strategic outlook, CMC is well-positioned for future success and value creation.

Commercial Metals reports robust Q2 earnings amidst construction demand optimism

CMC's Q2 2024 earnings call highlighted strong financial performance, strategic focus on value creation, and positive market outlook for construction demand.
Despite challenges like weather disruptions and infrastructure spending delays, the company remains well-positioned for growth, M&A opportunities, and shareholder returns.
With key projects progressing well and opportunities in expanding revenues, CMC is poised to capitalize on market opportunities and enhance operational efficiency.

Commercial Metals Reports Strong Q3, Optimistic Future Outlook

Commercial Metals Company showcased a strong Q3 2024 performance with positive trends in construction and infrastructure expected to drive future growth. The company is strategically positioned with ongoing projects like the Arizona micro mill and Steel West Virginia site, enhancing its operational excellence and shareholder value.

Commercial Metals (CMC) reports robust fiscal 2024 performance and strategic growth plans

Commercial Metals (CMC) delivered strong financial performance in fiscal 2024, focusing on safety, profitability, and shareholder value.
While facing challenges in market conditions and the construction industry, CMC remains strategically positioned for growth and operational efficiency.
The company's disciplined approach to capital allocation and growth strategies underscores a commitment to long-term success and value creation.

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Commercial Metals Co. engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the North America and Europe segments. The North America segment focuses on the network of recycling facilities, steel mills, and fabrication operations. The Europe segment includes a network of recycling facilities, an EAF mini mill, and fabrication operations located in Poland. The company was founded by Moses Feldman in 1915 and is headquartered in Irving, TX.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Commercial Metals (CMC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover Commercial Metals (CMC) Is a Great Choice for Value Investors

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IRVING, Texas , Dec. 15, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today published its Sustainability Report for fiscal 2022, showcasing the Company's key role in the circular economy and its industry-leading environmental performance. Today's publication, which can be found on CMC's website (www.cmc.com/sustainability), builds further on the enhanced disclosures shared in fiscal 2021 and reaffirms CMC's commitment to transparent and regular reporting.

Commercial Metals Company Publishes 2022 Sustainability Report

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Despite Fast-paced Momentum, Commercial Metals (CMC) Is Still a Bargain Stock

IRVING, Texas , Dec. 9, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its first quarter earnings release for fiscal 2023, invites you to listen to its conference call that will be broadcast live over the Internet on Monday, January 9, 2023, at 11:00 a.m.  Eastern Time (10:00 a.m.

Commercial Metals Company Announces First Quarter Fiscal 2023 Conference Call Webcast Details

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IRVING, Texas , Dec. 8, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced that it has selected Berkeley County, West Virginia, as the site of its fourth micro mill (MM4).  The project, budgeted to cost approximately $450 million net of incentives, is expected to have an annual capacity of 500,000 tons and employ approximately 230 people on a full-time basis.

Commercial Metals Company Selects Berkeley County, West Virginia as Site of its Fourth Micro Mill

Commercial Metals (CMC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Commercial Metals (CMC) Rating Upgrade to Strong Buy

IRVING, Texas , Nov. 15, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced it completed the acquisition of a Galveston area metals recycling facility and related assets from Kodiak Resources, Inc. and Kodiak Properties, L.L.C. The acquired operation annually processes approximately 55,000 tons of ferrous and non-ferrous materials, with the majority of volumes related to obsolete ferrous scrap grades consumed by CMC's long product mills.

Commercial Metals Company Acquires Texas Metal Recycling Facility

IRVING, Texas, Nov. 10, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") announced today that as of 5:00 p.m., New York City time, on November 9, 2022 (the "Early Tender Time"), holders of $115,874,000 aggregate principal amount, or approximately 35.11% of the outstanding principal amount, of the outstanding 4.875% Senior Notes due 2023 (CUSIP No.

Commercial Metals Company Announces Early Results of Cash Tender Offer for up to $130 million Aggregate Principal Amount of its 4.875% Senior Notes Due 2023

Commercial Metals (CMC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Commercial Metals Company (CMC) Hit a 52 Week High, Can the Run Continue?

Commercial Metals Company is a hot-performing stock that almost nobody has heard of or understands. It was founded in 1915 in scrap metal. In the fiscal year 2022 ending August 31, CMC sales grew 32% and earnings increased 195%.

Commercial Metals Company Rose 40% In The Last 12 Months; Will Continue To Surge

IRVING, Texas , Oct. 27, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") announced today that it has commenced a cash tender offer (the "Tender Offer") to purchase up to $130 million in aggregate principal amount (the "Tender Cap") of its outstanding 4.875% Senior Notes due 2023 (the "2023 Notes").  No more than the Tender Cap of 2023 Notes validly tendered and accepted for purchase will be purchased in the Tender Offer.

Commercial Metals Company Announces Cash Tender Offer for up to $130 million in Aggregate Principal Amount of its 4.875% Senior Notes Due 2023

Steel Dynamics and Nucor are set to report Q3 earnings. Steel prices are down but two steel stocks, including STLD, are near buy points.

Steel Dynamics, Nucor Earnings Due As This Steel Stock Shows Strength

For some companies in the steel business, economic cycles can be tough. But Commercial Metals Co. ( CMC , Financial) has been profitable every year for the past 10 years.

Enticing Margins and Returns From Commercial Metals

Commercial Metals (CMC) delivers a robust upside in fiscal Q4 earnings from the year-ago fiscal quarter's tally. It expects solid demand for all its major product lines in the America for Q1FY 2023.

Commercial Metals (CMC) Q4 Earnings & Sales Top Mark, Rise Y/Y

Commercial Metals Company (NYSE:CMC ) Q4 2022 Earnings Conference Call October 13, 2022 11:00 AM ET Company Participants Barbara Smith - Chairman, President & CEO Paul Lawrence - SVP & CFO Conference Call Participants Emily Chieng - Goldman Sachs Timna Tanners - Wolfe Research Seth Rosenfeld - BNP Paribas Exane Philip Gibbs - KeyBanc Capital Markets Operator Hello, and welcome everyone to the Fourth Quarter Fiscal 2022 Earnings Call for Commercial Metals Company. Today's materials, including the press release and supplemental slides that accompany this call can be found on CMC's Investor Relations website.

Commercial Metals Company (CMC) Q4 2022 Earnings Call Transcript

Fourth quarter net earnings of $288.6 million, or $2.40 per diluted share, increased 89% compared with $152.3 million, or $1.24 per diluted share, in the prior year period; record annual net earnings of $1.2 billion Generated record annual core EBITDA of $1.6 billion; fourth quarter core EBITDA of $419.0 million increased 64% year-over-year and was the second highest in company history Core EBITDA per ton of finished steel shipped increased by $113 from the prior year quarter; favorable market conditions and operational execution more than offset inflationary pressures  Entering fiscal 2023 from a position of strength – historically high levels of construction backlog and bidding activity in North America; good activity levels in Europe segment despite uncertain economic backdrop Repurchased $106.3 million of common stock during the quarter; this week announced a 14% increase to the quarterly dividend IRVING, Texas, Oct. 13, 2022 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal fourth quarter ended August 31, 2022.  Net earnings were $288.6 million, or $2.40 per diluted share, on net sales of $2.4 billion, compared to prior year period net earnings of $152.3 million, or $1.24 per diluted share, on net sales of $2.0 billion.

Commercial Metals Company Reports Fourth Quarter Fiscal 2022 Results

CMC stock fell Wednesday with earnings due early Thursday. Fellow steelmakers have given mixed signals as steel prices slide.

CMC Stock Falls, Prepares To Launch Steel Reporting Season

Commercial Metals Co. CMC, +3.61% said Tuesday it has increased its quarterly dividend by 14.3%, to 16 cents a share from 14 cents a share. The steel maker and recycler said the new dividend will be payable Nov. 10 to shareholders of record on Oct. 27.

Commercial Metals raises dividend, to boost implied yield to 1.6%

IRVING, Texas , Oct. 11, 2022 /PRNewswire/ -- Today, October 11, 2022, the board of directors of Commercial Metals Company (NYSE: CMC) ("CMC") declared a regular quarterly cash dividend of $0.16 per share of CMC common stock, an increase of $0.02, or 14%, from the dividend paid in July 2022. CMC's 232nd consecutive quarterly dividend will be paid on November 10, 2022, to stockholders of record as of the close of business on October 27, 2022.

Commercial Metals Company Announces a 14% Increase in Quarterly Dividend

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