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Commercial Metals Co - CMC STOCK NEWS

Welcome to our dedicated page for Commercial Metals Co news (Ticker: CMC), a resource for investors and traders seeking the latest updates and insights on Commercial Metals Co stock.

Commercial Metals Company (CMC) provides steel products and recycling solutions for global construction markets. This page aggregates official CMC news and press releases, offering stakeholders a centralized resource for tracking corporate developments.

Access timely updates on earnings reports, strategic initiatives, and sustainability efforts, including innovations like micro mill expansions. The curated collection spans operational milestones, regulatory compliance updates, and market positioning changes.

Key content categories include financial performance disclosures, acquisition announcements, and progress reports on the TAG efficiency program. Bookmark this page for streamlined access to CMC's evolving role in sustainable steel production and infrastructure development.

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Commercial Metals Company (NYSE: CMC) reported its fiscal third quarter results for the period ending May 31, 2024. Net earnings were $119.4 million, or $1.02 per diluted share, on net sales of $2.1 billion. This is a decrease from the prior year's net earnings of $234.0 million, or $1.98 per diluted share, on net sales of $2.3 billion.

Core EBITDA was $256.1 million with a margin of 12.3%. North American operations maintained stable shipment volumes and product margins, supported by solid seasonal demand and strong market fundamentals. The Emerging Businesses Group saw a sharp rebound in adjusted EBITDA and margins due to high demand for construction solutions. Europe Steel Group neared breakeven, continuing its improving performance trend.

CMC's balance sheet remained robust with cash and equivalents of $698.3 million and available liquidity of nearly $1.5 billion. The company's board declared a quarterly dividend of $0.18 per share, marking a 13% year-over-year increase. Looking ahead, CMC anticipates stable financial performance and continued demand growth in North America and Europe.

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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.

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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 Co

NYSE:CMC

CMC Rankings

CMC Stock Data

5.11B
111.98M
0.86%
93.04%
3.29%
Steel
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
Link
United States
IRVING