Commercial Metals
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About Commercial Metals
Industries
Industrial & Manufacturing
Energy
Consumer Goods
Company Size
N/A
Company Stage
IPO
Total Funding
N/A
Headquarters
Irving, Texas
Founded
1915
Overview
Simplify's Take
What believers are saying
- U.S. infrastructure bill boosts steel demand for roads and bridges.
- Urbanization increases demand for construction materials like rebar.
- Modular construction trend offers new market opportunities for steel manufacturers.
What critics are saying
- CMC faces an antitrust lawsuit alleging market manipulation.
- $265 million litigation expense impacts CMC's financial stability.
- New rebar facility in Akron may face regulatory challenges and labor shortages.
What makes Commercial Metals unique
- CMC is recognized on TIME's Best Mid-Size Companies 2024 list.
- CMC plans to open a new rebar facility in Akron, Ohio.
- CMC has appointed Kekin Ghelani as Chief Strategy Officer to drive strategic growth.
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Company News
First quarter net loss of ($175.7) million, or ($1.54) per diluted share including approximately $265.0 million litigation expense, net of estimated tax; adjusted earnings of $88.5 million, or $0.78 per diluted share. Consolidated core EBITDA of $210.7 million in the first quarter; core EBITDA margin of 11.0%. Late season construction activity drove year-over-year and sequential growth in North America finished steel shipment volumes; margins pressured by declines in average steel and downstream product pricing
IRVING, Texas, Dec. 9, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its first quarter earnings release for fiscal 2025, invites you to listen to its conference call that will be broadcast live over the Internet on Monday, January 6, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit CMC's Web site at www.cmc.com. About CMC
Commercial Metals Company (NYSE: CMC) (the "Company") today announced that the Board of Directors of the Company (the "Board") appointed Kekin Ghelani to serve as the Company's Senior Vice President, Chief Strategy Officer, effective October 1, 2024.
Once renovations are complete, CMC plans to grow operations and hire up to 50 new employees over the course of 5 years.
IRVING, Texas, Aug. 22, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) has earned recognition on TIME's inaugural list of America's Best Mid-Size Companies 2024. This prestigious award is presented by TIME and Statista Inc., the leading statistics portal and industry ranking provider.America's Best Mid-Size Companies 2024 were identified based on employee satisfaction, revenue growth and sustainability transparency for companies that operate in the United States and generated at least $100M in revenue but less than $10 billion in 2022 or 2023. The list can be viewed on TIME's website."CMC is proud to receive this award from TIME and Statista, Inc. in recognition of our investment in our employees. We strive to provide our over 13,000 employees an environment where safety is our top concern, and where they have the opportunity for both personal and professional growth," commented Peter R
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About Commercial Metals
Industries
Industrial & Manufacturing
Energy
Consumer Goods
Company Size
N/A
Company Stage
IPO
Total Funding
N/A
Headquarters
Irving, Texas
Founded
1915
There are no jobs for Commercial Metals right now.
Find jobs on Simplify and start your career today