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Commercial Metals Co - CMC STOCK NEWS

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About Commercial Metals Company (CMC)

Commercial Metals Company (CMC) is a global leader in the steel and metals industry, specializing in the recycling, manufacturing, and fabrication of steel products. With over a century of expertise, CMC has established itself as a key player in providing sustainable and innovative solutions to meet the critical reinforcement needs of the construction sector. The company operates through three primary segments: the North America Steel Group, the Europe Steel Group, and the Emerging Businesses Group, each contributing to its vertically integrated business model.

Core Business Operations

CMC’s operations span the entire steel production lifecycle, from metal recycling to finished steel products. Its extensive network includes steel mills, fabrication plants, and recycling facilities, primarily located in the United States and Central Europe. The company's flagship products, such as rebar, merchant bar quality (MBQ) steel, and structural steel, are integral to infrastructure, non-residential, and residential construction projects.

CMC is a pioneer in adopting cutting-edge technology, exemplified by its innovative micro mill facilities. These state-of-the-art mills, including the Arizona 2 plant, are designed to enhance efficiency, reduce waste, and produce high-quality steel products with a lower environmental footprint. This aligns with the company’s commitment to sustainability and environmental responsibility.

Market Position and Industry Significance

Operating in a highly cyclical industry, CMC has positioned itself as a resilient and adaptive organization. Its strategic focus on vertical integration allows the company to control costs, optimize production, and maintain competitive pricing. The company’s recycling operations not only provide a steady supply of raw materials but also contribute to reducing environmental impact, making CMC a leader in sustainable steel production.

In North America, CMC benefits from robust demand driven by infrastructure investments and manufacturing reshoring trends. Its downstream operations, which fabricate steel into ready-to-use components, add value by catering to specific customer needs. In Europe, the company is navigating challenging market conditions through cost management and supply chain optimization, particularly in Poland where demand is stabilizing.

Strategic Initiatives

To drive long-term growth and operational excellence, CMC has launched its Transform, Advance, Grow (TAG) program. This enterprise-wide initiative focuses on enhancing efficiency, lowering costs, and capturing commercial opportunities. Early results indicate strong potential for achieving higher through-the-cycle margins and solidifying CMC’s competitive edge.

Additionally, the company continues to invest in expanding its manufacturing capabilities. Projects like the West Virginia micro mill, slated for completion in late 2025, underscore CMC’s commitment to innovation and meeting future demand. These investments are expected to capitalize on favorable structural trends, such as increased infrastructure spending and energy transition projects.

Commitment to Sustainability and Safety

CMC is deeply committed to sustainability, with its recycling operations playing a pivotal role in reducing waste and conserving natural resources. The company’s steel products are made with a high percentage of recycled content, aligning with global efforts to reduce carbon emissions. Moreover, employee safety remains a top priority, with record safety performance achieved in recent years.

Challenges and Opportunities

While CMC faces challenges such as fluctuating raw material prices, geopolitical uncertainties, and regulatory pressures, its strategic initiatives and diversified operations position it well to navigate these hurdles. The company’s focus on innovation, sustainability, and customer-centric solutions ensures its relevance in a competitive and evolving industry.

Conclusion

Commercial Metals Company is more than a steel manufacturer; it is a solutions provider dedicated to building a stronger, safer, and more sustainable world. With a robust business model, innovative technologies, and a commitment to excellence, CMC continues to play a vital role in shaping the future of the global construction and steel industries.

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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.

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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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Commercial Metals Company (CMC) reported strong financial results in Q2 with net earnings of $85.8 million and core EBITDA of $224.4 million. Downstream contract awards rebounded, and North America and Europe Steel Groups improved cost performance. CMC announced a quarterly dividend increase of 13% and maintained a strong balance sheet with $638.3 million in cash.
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Commercial Metals Company (CMC) has declared a 13% increase in its regular quarterly cash dividend to $0.18 per share, showcasing confidence in its financial position and business outlook. The 238th consecutive dividend will be paid on April 10, 2024, benefiting stockholders.
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Commercial Metals Company (CMC) announces its second quarter earnings release for fiscal 2024 along with a conference call featuring top executives Peter Matt and Paul Lawrence.
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Commercial Metals Company (NYSE: CMC) appoints Dennis V. Arriola, a seasoned professional with over 40 years of experience in the energy industry, to its Board of Directors. Arriola's background includes leadership roles at Avangrid, Inc., Sempra, and SunPower Corporation, bringing valuable insights to CMC's sustainability efforts and global expansion. His appointment increases the board to ten members, with a focus on enhancing the company's reinforcement solutions for construction markets.
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Commercial Metals Company (CMC) announced an increase of $500 million to its existing common stock repurchase program, bringing the aggregate capacity to $850 million. Approximately $310 million of the Company's common stock has been repurchased since October 2021. The move reflects a well-balanced capital allocation strategy supported by strong earnings capability and cash flow profile. CMC intends to repurchase shares from time to time for cash in open market transactions or in privately-negotiated transactions in accordance with applicable federal securities laws.
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Commercial Metals Company (CMC) (NYSE: CMC) to be featured in Season Two of REPURPOSED, a travel-adventure docuseries premiering on January 10, 2024. The series, available on Amazon Prime Video and YouTube, highlights CMC's role in the construction industry, sustainable steelmaking processes, and advanced technologies. The program features interviews with CMC's executive leadership team and experts from across the CMC family.
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Commercial Metals Company (NYSE: CMC) announced first-quarter net earnings of $176.3 million, or $1.49 per diluted share, with consolidated core EBITDA of $325.3 million and free cash flow of $194.1 million. Despite a decrease in net sales compared to the prior year, the company remains optimistic about future growth and shareholder value.
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Commercial Metals Company (CMC) Declares Regular Quarterly Dividend of $0.16 per Share
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FAQ

What is the current stock price of Commercial Metals Co (CMC)?

The current stock price of Commercial Metals Co (CMC) is $46.98 as of April 1, 2025.

What is the market cap of Commercial Metals Co (CMC)?

The market cap of Commercial Metals Co (CMC) is approximately 5.4B.

What does Commercial Metals Company (CMC) do?

CMC specializes in recycling, manufacturing, and fabricating steel products, serving the construction and infrastructure sectors globally.

What are CMC's main product categories?

CMC's key products include rebar, merchant bar quality (MBQ) steel, and structural steel, essential for infrastructure and non-residential construction.

How does CMC differentiate itself in the steel industry?

CMC stands out through its vertically integrated operations, innovative micro mill technology, and commitment to sustainability and recycling.

What is the Transform, Advance, Grow (TAG) program?

TAG is CMC's strategic initiative aimed at enhancing efficiency, reducing costs, and capturing commercial opportunities to drive long-term growth.

Where does CMC operate?

CMC operates in North America and Europe, with an extensive network of steel mills, fabrication plants, and recycling facilities.

How does CMC contribute to sustainability?

CMC's recycling operations reduce waste and conserve resources, producing steel with a high percentage of recycled content to lower environmental impact.

What challenges does CMC face in its industry?

CMC faces challenges such as raw material price volatility, geopolitical uncertainties, and regulatory pressures, which it addresses through strategic initiatives.

What role do micro mills play in CMC's operations?

CMC's micro mills enhance production efficiency, reduce waste, and produce high-quality steel products with a lower environmental footprint.

What industries does CMC serve?

CMC serves infrastructure, non-residential, residential, industrial, and energy generation and transmission sectors.

How does CMC ensure employee safety?

CMC prioritizes safety through rigorous protocols and has achieved record safety performance in recent years.
Commercial Metals Co

NYSE:CMC

CMC Rankings

CMC Stock Data

5.41B
111.99M
0.86%
93.04%
3.29%
Steel
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
Link
United States
IRVING