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.

Here is how Commercial Metals (CMC) and Universal Stainless & Alloy Products (USAP) have performed compared to their sector so far this year.

Is Commercial Metals (CMC) Stock Outpacing Its Basic Materials Peers This Year?

Commercial Metals (CMC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Commercial Metals (CMC) Is Attractively Priced Despite Fast-paced Momentum

IRVING, Texas , Aug. 3, 2023 /PRNewswire/ -- As a founding member of the Global Steel Climate Council (GSCC), Commercial Metals Company (NYSE: CMC) ("CMC") is proud to support today's release of The Steel Climate Standard, a global standard to measure and report steel carbon emissions. The Standard provides a clear path to achieving emissions targets as laid out by the Paris Climate Agreement, while offering a single, technology-agnostic protocol that would apply to all steel producers globally.

Commercial Metals Company Supports a Global Standard to Measure and Report Carbon Emissions

Commercial Metals presents an excellent investment opportunity due to its low valuation compared to competitors, consistent favorable earnings revisions, and stock price resilience. CMC's P/E ratio is significantly lower than the industry average and it has exceeded earnings expectations for two consecutive quarters, suggesting potential for stock growth. Despite market downturns, CMC has demonstrated remarkable resilience, with its stock value increasing as the S&P 500 declined, indicating its immunity to market volatility.

Commercial Metals: The Rising Star In A Dynamic Market

IRVING, Texas , July 18, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced that the West Virginia Department of Environmental Protection has granted it a permit that allows CMC to commence construction of its fourth technologically advanced micro mill. "Receiving this permit is an important milestone in our Steel West Virginia micro mill project," said Barbara Smith, Chief Executive Officer and Chairman of the Board.

Commercial Metals Company Receives Permit Allowing for Construction of Fourth Micro Mill

LEXINGTON, Ky., July 17, 2023 (GLOBE NEWSWIRE) -- MiddleGround Capital , an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, today announced the sale of its portfolio company EDSCO Fasteners (“EDSCO” or “the Company”) to Commercial Metals Company (NYSE: CMC) (“CMC”). EDSCO is a market leading manufacturer of mission-critical anchor bolts, fasteners, and specialty-fabricated anchoring products used in critical infrastructure applications.

MiddleGround Capital Announces the Sale of EDSCO Fasteners

Commercial Metals (CMC) acquires EDSCO from MiddleGround Capital.

Commercial Metals (CMC) Buys EDSCO to Strengthen Portfolio

IRVING, Texas , July 13, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC") today announced the purchase of EDSCO Fasteners LLC ("EDSCO"), a leading provider of anchoring solutions for the electrical transmission market, from MiddleGround Capital.  EDSCO's custom engineered line of anchor cages, bolts, and fasteners are manufactured principally from rebar and used primarily to secure high voltage electrical transmission poles to concrete foundations.

Commercial Metals Company Acquires EDSCO Fasteners LLC

Analysts at UBS have initiated coverage on Commercial Metals Company (NYSE:CMC) (CMC) with a ‘Buy' rating on their belief that the steel and reinforcing bar (rebar) producer is well positioned to benefit from infrastructure investment growth. “Infrastructure projects will have a material impact on rebar consumption on the back of US$550 billion in new Federal investment from the Infrastructure Investment and Jobs Act (IIJA) in 2021 and about US$800 billion from the Inflation Reduction Act (IRA) and CHIPS in 2022,” the analysts wrote in a note to clients.

Commercial Metals Company well positioned for uplift in demand for rebar

Barbara R. Smith to Retire as Chief Executive Officer, Effective September 1, 2023; Will Continue as Chairman of the Board Peter R. Matt, President, Appointed Chief Executive Officer and President, Effective September 1, 2023 IRVING, Texas , July 10, 2023 /PRNewswire/ -- The Board of Directors of Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") announced today that Barbara R.

Commercial Metals Company Announces Leadership Succession Plan

Vertically integrated steel and metal products manufacturer Commercial Metals Co. NYSE: CMC benefits from the infrastructure spending tailwinds. Commercial Metals operates four divisions under its roof.

Commercial Metals Winning Infrastructure and Datacenter Customers

Commercial Metals Company has seen peak profitability in 2022 only retreat in a modest fashion. I like the approach of the business, making continued investments (organic and inorganic) over time. With earnings power still being impressive and the outlook still looking sound, I am appealed to the non-demanding valuations here.

Commercial Metals Company: Rock Solid

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Two notable companies that were able to beat their quarterly earnings expectations this week were steel producer Commercial Metals Company (CMC) and global delivery services leader FedEx (FDX).

Time to Buy Commercial Metals (CMC) or FedEx (FDX) Stock After Earnings?

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It is earnings season for many companies, and a few welcoming surprises have emerged as several have successfully beaten estimates.

2 Recent Earnings Beaters to Consider

Here is how Commercial Metals (CMC) and Gold Fields (GFI) have performed compared to their sector so far this year.

Are Basic Materials Stocks Lagging Commercial Metals (CMC) This Year?

Commercial Metals' (CMC) Q3 earnings reflect the impacts of ongoing market uncertainties.

Commercial Metals' (CMC) Q3 Earnings Surpass Estimates, Dip Y/Y

Commercial Metals NYSE: CMC stock price corrected over the past year due to falling prices and concerns over demand. The company's Q3 results belie that sentiment and have the market moving higher.

Commercial Metals Company Shakes Off The Rust: Confirms Uptrend

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The automotive demand recovery, strength in non-residential construction and rebounding steel prices should enable the Zacks Steel Producers industry to thrive. CMC, TMST, ASTL and USAP are set to gain from favorable industry fundamentals.

4 Top Steel Producer Stocks to Buy From a Promising Industry

Commercial Metals Company (NYSE:CMC ) Q3 2023 Earnings Conference Call June 22, 2023 11:00 AM ET Company Participants Barbara Smith - Chairman of the Board and Chief Executive Officer Peter Matt - President Paul Lawrence - Senior Vice President and Chief Financial Officer Conference Call Participants Tristan Gresser - BNP Paribas Exane Timna Tanners - Wolfe Research Lawson Winder - Bank of America Emily Chieng - Goldman Sachs Alex Hacking - Citigroup Operator Hello, and welcome, everyone, to the Third Quarter Fiscal 2023 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) Q3 2023 Earnings Call Transcript

Third quarter net earnings of $234.0 million, or $1.98 per diluted share, increased 30% from the previous quarter Core EBITDA of $391.7 million increased 29% sequentially North America segment adjusted EBITDA grew sequentially and year-over-year, driven by strong business activity and ongoing cost improvement North America new project bid volumes increased by a double-digit percentage vs. prior year, signaling continued strength in construction pipeline Volume and value of North America downstream backlog remained near all-time highs Operational startup of Arizona 2 micro mill underway IRVING, Texas , June 22, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal third quarter ended May 31, 2023.

Commercial Metals Company Reports Third Quarter Fiscal 2023 Results

IRVING, Texas , June 21, 2023 /PRNewswire/ -- Today, June 21, 2023, 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. CMC's 235th consecutive quarterly dividend will be paid on July 12, 2023, to stockholders of record as of the close of business on July 3, 2023.

Commercial Metals Company Announces Quarterly Dividend of $0.16 Per Share

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.

Commercial Metals (CMC) Shows Fast-paced Momentum But Is Still a Bargain Stock

Commercial Metals (CMC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CMC broke through the 200-day moving average, which suggests a long-term bullish trend.

Commercial Metals (CMC) Just Reclaimed the 200-Day Moving Average

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Fairholme Capital Management recently disclosed its portfolio updates for the first quarter of 2023, which ended on March 31.

Bruce Berkowitz Goes on Selling Spree in 1st Quarter

Commercial Metals (CMC) gains from solid demand and strategic actions amid market volatility.

News for Commercial Metals Stock (CMC)