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.

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.

Earnings Preview: Commercial Metals (CMC) Q1 Earnings Expected to Decline

Commercial Metals Company experienced a profit warning in October, causing shares to fall, but they have since rallied back to $50 per share. CMC is a vertically integrated manufacturer of steel and reinforcing bars, with a focus on infrastructure projects, benefiting from long-term demand drivers. Despite expected pressure on earnings, CMC remains a decent long-term play with a strong balance sheet and potential for increased valuation.

Commercial Metals Company: Strong Enough, Even As Peak Profits Normalize

Cielo Waste Solutions Corp. (CWSFF) Q2 2024 Earnings Call Transcript

IRVING, Texas , Dec. 18, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today published its Sustainability Report for fiscal 2023, 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 sustainability website (esg.cmc.com), reaffirms CMC's commitment to transparent and regular reporting.

CMC Publishes 2023 Sustainability Report

Commercial Metals (CMC) realigns its reporting structure into three operating segments beginning first-quarter fiscal 2024.

Commercial Metals (CMC) to Change Its Segmental Reporting

IRVING, Texas , Dec. 14, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today announced that beginning with its first quarter of fiscal 2024, the Company will report financial results reflecting a realigned reporting structure, with three reportable segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group.  North America Steel Group is primarily composed of all recycling, steel mill, rebar fabrication, fence post fabrication, and post-tension cable operations that were previously included within the Company's former North America segment.

CMC Announces Changes to Segment Reporting

IRVING, Texas , Dec. 7, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its first quarter earnings release for fiscal 2024, invites you to listen to its conference call that will be broadcast live over the Internet on Monday, January 8, 2024, at 11:00 a.m.  Eastern Time (10:00 a.m.

CMC Announces First Quarter Fiscal 2024 Conference Call Webcast Details

IRVING, Texas , Oct. 26, 2023 /PRNewswire/ -- Today, CMC (Commercial Metals Company; NYSE: CMC), along with state and local officials and their honored guests, gathered for the dedication of CMC's new micro mill located in Mesa, AZ. The mill is CMC's third micro mill and will be the first in the world to produce rebar as well as merchant bar quality (MBQ) products through a continuous production process from melting, casting and rolling activities and will be among the most environmentally friendly steelmaking operations in the world.

CMC Celebrates the Dedication of New Micro Mill in Mesa, Arizona

Investors need to pay close attention to Commercial Metals (CMC) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Commercial Metals (CMC) Stock?

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.

Should Value Investors Buy Commercial Metals (CMC) Stock?

Falling prices and rising costs pose near-term challenges for steel players like Commercial Metals, and those issues helped drive weaker EBITDA in fiscal Q4'23 results. Infrastructure projects in the U.S. will start ramping up in 2024 and should drive around 10%-15% incremental demand growth for long steel over the next few years. Commercial Metals' European business is struggling due to weak macroeconomic conditions, and North American residential and non-residential markets are also under pressure.

Commercial Metals Looking More Interesting After A 25% Pullback

Commercial Metals' (CMC) Q4 results reflect weak market conditions in Europe.

Commercial Metals (CMC) Q4 Earnings Miss Estimates, Dip Y/Y

Commercial Metals Company (NYSE:CMC ) Q4 2023 Earnings Conference Call October 12, 2023 11:00 AM ET Company Participants Barbara Smith - Executive Chairman of the Board Peter Matt - President and Chief Executive Officer Paul Lawrence - Senior Vice President and Chief Financial Officer Conference Call Participants Tristan Gresser - BNP Paribas Exane Timna Tanners - Wolfe Research, LLC Alexander Hacking - Citigroup Inc. Operator [Call Starts Abruptly] Today's materials, including the press release and supplemental slides that accompany this call, can be found on CMC's Investor Relations website. Today's call is being recorded.

Commercial Metals Company (CMC) Q4 2023 Earnings Call Transcript

Commercial Metals posted quarterly earnings that came in short of expectations. The company is managing through a challenging demand environment in Europe.

Why Commercial Metals Stock Is Down Big Today

Commercial Metals (CMC) came out with quarterly earnings of $1.69 per share, missing the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $2.45 per share a year ago.

Commercial Metals (CMC) Lags Q4 Earnings Estimates

Commercial Metals' (CMC) fiscal fourth-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 Q4 Earnings?

Fourth  quarter net earnings of $184.2 million, or $1.56 per diluted share; annual net earnings of $859.8 million, or $7.25 per diluted share Fiscal 2023 core EBITDA of $1.5 billion, down only modestly from the record set in fiscal 2022 Generated record annual cash flow from operating activities of $1.3 billion and record annual free cash flow of $737.4 million Fourth  quarter North America segment adjusted EBITDA increased from the prior year period, driven by a solid demand environment, strong margins, and good cost control Fourth  quarter downstream new project bid volumes in North America continued to grow by a double-digit percentage on a year-over-year basis, signaling a robust construction projects pipeline Meaningful progress on strategic growth initiatives: successful Arizona 2 production start-up, record quarterly Tensar earnings contribution, and integration of EDSCO Fasteners IRVING, Texas , Oct. 12, 2023 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced financial results for its fiscal fourth quarter ended August 31, 2023. Net earnings were $184.2 million, or $1.56 per diluted share, on net sales of $2.2 billion, compared to prior year period net earnings of $288.6 million, or $2.40 per diluted share, on net sales of $2.4 billion.

CMC Reports Fourth Quarter and Full Year Fiscal 2023 Results

New Identity Honors CMC's Heritage While Affirming its Growth, Strength & the Promise of a Sustainable Future IRVING, Texas , Oct. 2, 2023 /PRNewswire/ -- CMC (Commercial Metals Company) (NYSE:CMC), a global solutions provider to the construction industry, has unveiled a refreshed identity to better represent the goals, commitments and evolution of the 108-year-old company. From a single scrap yard in Dallas, TX in 1915, CMC has grown into a Fortune 500 company with hundreds of facilities and nearly 13,000 employees serving customers around the globe.

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