Welcome to our dedicated page for Commercial Metals Company news (Ticker: CMC), a resource for investors and traders seeking the latest updates and insights on Commercial Metals Company stock.
Commercial Metals Company (NYSE: CMC) is a leading player in the metals industry, operating steel mills, steel fabrication plants, and metal recycling facilities primarily in the United States and Europe. With a legacy of over 100 years, CMC produces rebar and structural steel critical to nonresidential construction. The company is structured into three segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group.
CMC prides itself on an innovative approach, utilizing advanced technologies and sustainable practices. The company's recent achievements include the launch of the Arizona 2 micro mill, which became the first micro mill globally to produce merchant bar quality steel, and significant structural realignment to better reflect its diverse offerings.
Financially, CMC reported net earnings of $176.3 million on sales of $2.0 billion for the first quarter of fiscal 2024. Despite global challenges, the company maintains a robust balance sheet with $704.6 million in cash equivalents and strong liquidity exceeding $1.5 billion.
CMC is committed to sustainability, with a focus on recycled metal usage and responsible manufacturing processes. The company's products support a wide range of construction applications, including infrastructure, industrial, residential, and energy sectors.
Recent strategic moves include the integration of new acquisitions, an increase in stock repurchase authorization, and a continued focus on growth investments.
CMC's people-centric culture underscores its operational philosophy, emphasizing safety, consistency, and excellence. For more information, visit their website at www.cmc.com.
On June 19, 2024, Commercial Metals Company (NYSE: CMC) announced its 239th consecutive quarterly cash dividend of $0.18 per share. The dividend will be paid on July 10, 2024, to shareholders of record by the close of business on July 1, 2024. CMC, known for its innovative solutions in the construction sector, operates an extensive manufacturing network in the U.S. and Central Europe, providing products that meet the reinforcement needs of various construction applications, including infrastructure, residential, and energy projects.
Commercial Metals Company (NYSE: CMC) has been recognized on USA TODAY's America's Best Climate Leaders 2024 list. This award, announced on May 30, 2024, by USA TODAY and Statista Inc., honors U.S. companies with significant year-over-year reductions in emissions intensity. CMC's President and CEO, Peter R. Matt, highlighted the company's longstanding commitment to sustainability and environmentally friendly steelmaking. The firm's sustainability report can be accessed for more details on their environmental efforts.
Commercial Metals Company (NYSE: CMC) announced a live webcast of its third-quarter fiscal 2024 earnings release, scheduled for June 20, 2024, at 11:00 a.m. Eastern Time. The call will feature President and CEO Peter Matt, along with Senior Vice President & CFO Paul Lawrence. Interested parties can access the webcast via CMC's website.
CMC is a global provider of innovative construction and infrastructure solutions, with manufacturing operations in the U.S. and Central Europe. The company supports a wide range of construction applications including infrastructure, non-residential, residential, industrial, and energy sectors.
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