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 at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Commercial Metals (CMC) Right Now?

IRVING, Texas , May 30, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), has earned recognition on USA TODAY's list of America's Best Climate Leaders 2024. This prestigious award is presented by USA TODAY and Statista Inc., the world-leading statistics portal and industry ranking provider.

CMC Awarded on the USA TODAY America's Best Climate Leaders 2024 List

IRVING, Texas , May 20, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its third quarter earnings release for fiscal 2024, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, June 20, 2024, at 11:00 a.m. Eastern Time (10:00 a.m.

CMC Announces Third Quarter Fiscal 2024 Conference Call Webcast Details

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Investors may keep a tab on stocks like INDB, NECB, STM, CMC and JPM, which have lately hiked their dividend payments.

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Commercial Metals (CMC) second-quarter top line reflects the ongoing challenging environment in Europe.

Commercial Metals (CMC) Earnings Beat Estimates in Q2, Dip Y/Y

Commercial Metals Company (CMC) Q2 2024 Earnings Call Transcript

Commercial Metals (CMC) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $1.44 per share a year ago.

Commercial Metals (CMC) Surpasses Q2 Earnings and Revenue Estimates

Second quarter net earnings of $85.8 million, or $0.73 per diluted share Consolidated core EBITDA of $224.4 million; core EBITDA margin of 12.1% Downstream contract awards rebounded to the highest quarterly level in nearly two years, signaling strength in the pipeline ahead of the upcoming construction season North America and Europe Steel Groups achieved meaningful year-over-year improvements in controllable costs per ton of finished steel shipped, contributing positively to financial performance Europe Steel Group operating results (excluding energy rebates) improved sequentially; market supply and demand in better balance Continued progress on strategic growth initiatives; Arizona 2 successfully produced and sold merchant bar product, marking a global micro mill steelmaking first IRVING, Texas , March 21, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal second quarter ended February 29, 2024. Net earnings were $85.8 million, or $0.73 per diluted share, on net sales of $1.8 billion, compared to prior year period net earnings of $179.8 million, or $1.51 per diluted share, on net sales of $2.0 billion.

CMC Reports Second Quarter Fiscal 2024 Results

IRVING, Texas , March 20, 2024 /PRNewswire/ -- Today, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE: CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock, an increase of $0.02, or 13%, from the dividend paid in February 2024. CMC's 238th consecutive quarterly dividend will be paid on April 10, 2024, to stockholders of record as of the close of business on April 1, 2024.

CMC Announces a 13% Increase In Quarterly Dividend

IRVING, Texas , Feb. 21, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its second quarter earnings release for fiscal 2024, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 21, 2024, at 11:00 a.m. Eastern Time (10:00 a.m.

CMC Announces Second Quarter Fiscal 2024 Conference Call Webcast Details

IRVING, Texas , Feb. 20, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced that it has named Dennis V. Arriola to the Board of Directors, effective as of March 19, 2024.

CMC Announces Appointment of Dennis V. Arriola to Board of Directors

Commercial Metals (CMC) reported earnings 30 days ago. What's next for the stock?

Commercial Metals (CMC) Up 3.3% Since Last Earnings Report: Can It Continue?

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Commercial Metals (CMC) faces sluggish demand in Europe. Lower margins on steel products are other woes.

Commercial Metals (CMC) Suffers From Weak UK Market Conditions

IRVING, Texas , Jan. 10, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) (the "Company" or "CMC") today announced that its Board of Directors has authorized an increase of $500 million to the Company's existing common stock repurchase program, bringing the aggregate capacity of the program to $850 million.   Approximately  $310 million of the Company's common stock has been repurchased under the existing program since its authorization in October 2021.

CMC Announces Increase to its Existing Share Repurchase Program

IRVING, Texas , Jan. 10, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") will be featured in Season Two of REPURPOSED, a travel-adventure docuseries premiering on January 10, 2024. The series, which has been featured on Amazon Prime Video, can be viewed at cmc.com/repurposed and is also available on YouTube.

CMC To Be Featured In Season Two of National Docuseries "REPURPOSED"

Commercial Metals' (CMC) fiscal first-quarter results reflect weak market conditions in Europe, offset by solid demand for finished steel products in North America.

Commercial Metals (CMC) Q1 Earnings Top Estimates, Dip Y/Y

Commercial Metals Company (CMC) Q1 2024 Earnings Call Transcript

Commercial Metals (CMC) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $2.24 per share a year ago.

Commercial Metals (CMC) Q1 Earnings and Revenues Beat Estimates

First  quarter net earnings of $176.3 million, or $1.49 per diluted share Consolidated core EBITDA of $325.3 million; core EBITDA margin of 16.2% Generated cash flow from operating activities of $261.1 million and free cash flow of $194.1 million Continued healthy demand levels for North America Steel Group as finished steel volumes increased by 1.1% on a year-over-year basis Continued progress on strategic growth initiatives: Arizona 2 production increasing steadily and construction well underway at future Steel West Virginia site Segment reporting realigned to reflect the manner in which the business is managed and support strategic priorities and execution IRVING, Texas , Jan. 8, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal first quarter ended November 30, 2023. Net earnings were $176.3 million, or $1.49 per diluted share, on net sales of $2.0 billion, compared to prior year period net earnings of $261.8 million, or $2.20 per diluted share, on net sales of $2.2 billion.

CMC Reports First Quarter Fiscal 2024 Results

Commercial Metals' (CMC) fiscal first-quarter results are likely to reflect strong demand in North America, offset by weak market conditions in Europe.

What's in Store for Commercial Metals (CMC) in Q1 Earnings?

IRVING, Texas , Jan. 4, 2024 /PRNewswire/ -- Today, January 4, 2024, the board of directors of Commercial Metals Company ("CMC") (NYSE: CMC) declared a regular quarterly cash dividend of $0.16 per share of CMC common stock. CMC's 237th consecutive quarterly dividend will be paid on February 1, 2024, to stockholders of record as of the close of business on January 18, 2024.

CMC Announces Quarterly Dividend of $0.16 Per Share

Commercial Metals Company presents a geographically diversified business model with a focus on sustainable principles and recycling metals. The company has reported better-than-expected revenue figures and has a history of exceeding expectations in both EPS and revenue reports. The company's long-term outlook includes investments in low to moderate interest rate-sensitive end markets, such as highways, public utilities, healthcare, and educational infrastructure.

Commercial Metals: Acquisitions, Resistant To Interest Rate Changes, And Cheap

Commercial Metals (CMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Commercial Metals Stock (CMC)