Full-Time
Recycling-based steel production and fabrication
No salary listed
Durant, OK, USA
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Commercial Metals Company (CMC) manufactures steel and metal products in a vertically integrated model that spans recycling, steel production, and fabrication. It runs recycling plants to collect and process scrap metal, which serves as the main raw material for its mills. The steel mills produce products such as rebar, merchant bar, and wire rod, which are sold mainly to the construction industry for infrastructure, commercial, and residential projects. CMC also operates fabrication facilities that customize steel products by cutting, bending, and other processing to meet customer needs. The company mainly serves customers in the United States and Europe and maintains control over the entire supply chain—from scrap sourcing to finished products—giving it cost advantages and tighter quality control over the final materials.
Company Size
N/A
Company Stage
IPO
Headquarters
Irving, Texas
Founded
1915
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Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
401(k) Retirement Plan
401(k) Company Match
Life Insurance
Disability Insurance
Employee Stock Purchase Plan
Commercial Metals Company has set ambitious targets for fiscal 2029, including core EBITDA of $1.65 billion to $1.8 billion and free cash flow of $1.4 billion to $1.5 billion. The company aims to shift its focus from steel to diversified construction solutions, with that segment expected to exceed 40% of adjusted EBITDA, up from 28% currently. CMC's TAG operating programme is projected to generate more than $250 million in run-rate EBITDA benefits by fiscal 2026 and over $350 million by fiscal 2027. The company is expanding through precast acquisitions whilst completing its US micro-mill network. CMC increased its share-repurchase authorisation by $600 million and plans to balance buybacks with dividends and growth investments.
Press releases. Kennametal announces Board leadership transition. 29 July 2026 Kennametal Inc. today announced that its Board of Directors has appointed Joseph Alvarado as incoming Chairman of the Board, effective October 28, 2026. Alvarado will succeed William M. Lambert, current Chairman of the Board, who will retire from the Board at the conclusion of the Company's Annual Meeting of Shareowners on October 27, 2026. "Serving on Kennametal's Board has been a privilege and one of the most rewarding experiences of my career," said Lambert. "After careful consideration, I have decided that the time is right for this transition. I have great confidence in the Company's strategy, leadership team and Board colleagues, and I look forward to watching Kennametal continue to build on its strong foundation and create value for all stakeholders." "Bill has been an outstanding Chairman and trusted advisor," said Sanjay Chowbey, President and CEO. "His leadership, strategic guidance and commitment to strong governance have helped position us for long-term success. On behalf of the Board, leadership team and employees around the world, I want to thank Bill for his dedicated service." Lambert joined the Kennametal Board in 2016 and has served as Chairman since 2023. During his tenure as Chairman, Lambert helped guide Kennametal through a period of significant transformation, including leadership succession, portfolio actions and continued focus on long-term shareholder value. Alvarado has served as an independent director of the Kennametal Board since 2018 and has been chair of the Nominating/Corporate Governance Committee since 2023. He is also a member of the Board of Directors of Arcosa, Inc.; PNC Financial Services Group, Inc.; and Trinseo, S.A. "Joe is the right leader to serve as our next Chairman," said Chowbey. "He brings deep industrial experience, strong public company leadership and a practical understanding of manufacturing, operations and capital allocation. Having served on our Board for several years, he also understands Kennametal, our strategy and the opportunities ahead. I look forward to continuing to work with him as we execute our plans and build long-term value for shareholders." Alvarado is the retired Chairman, President and CEO of Commercial Metals Company ("CMC"), a global manufacturer, recycler and marketer of steel and other metals. He joined CMC in April 2010 as Executive Vice President and Chief Operating Officer and other roles of increasing responsibility. Before joining CMC, Alvarado was the President of U.S. Steel Tubular Products, Inc., a division of United States Steel Corporation. Alvarado holds an MBA from the Johnson School, Cornell University and a Bachelor of Arts degree in Economics from the University of Notre Dame. About Kennametal With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,100 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated nearly $2 billion in revenues in fiscal 2025. Learn more at www.kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.
Zacks Research issues optimistic estimate for CMC earnings. July 15, 2026 Key points. * Zacks Research slightly raised its Q2 2028 EPS estimate for Commercial Metals to $1.52 from $1.51 and kept a Hold rating on the stock. * Commercial Metals recently beat quarterly expectations, reporting $1.73 EPS on revenue of $2.48 billion versus forecasts of $1.70 EPS and $2.40 billion. Revenue rose 22.9% year over year. * Analyst sentiment remains broadly positive, with an average rating of Moderate Buy and an average price target of $79.45, while CEO Peter R. Matt also recently purchased shares of the company. * Five stocks to consider instead of Commercial Metals. Commercial Metals Company (NYSE:CMC - Free Report) - Zacks Research upped their Q2 2028 earnings estimates for Commercial Metals in a report released on Tuesday, July 14th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $1.52 for the quarter, up from their prior estimate of $1.51. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Commercial Metals' current full-year earnings is $6.63 per share. Zacks Research also issued estimates for Commercial Metals' FY2028 earnings at $7.24 EPS. Commercial Metals (NYSE:CMC - Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The basic materials company reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.03. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The business's quarterly revenue was up 22.9% compared to the same quarter last year. Several other research firms also recently weighed in on CMC. Barclays began coverage on Commercial Metals in a research note on Thursday, May 21st. They set an "equal weight" rating and a $75.00 price target on the stock. BNP Paribas Exane upgraded shares of Commercial Metals from a "neutral" rating to an "outperform" rating and set a $75.00 price objective on the stock in a research note on Wednesday, July 8th. Jefferies Financial Group raised shares of Commercial Metals from a "buy" rating to a "buy" rating in a report on Friday, June 5th. UBS Group upgraded shares of Commercial Metals from a "neutral" rating to a "buy" rating and boosted their target price for the company from $79.00 to $89.00 in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Commercial Metals to a "buy" rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Commercial Metals presently has an average rating of "Moderate Buy" and an average target price of $79.45. Discover more Stock Market News investment Commercial Metals stock performance. Shares of CMC stock opened at $66.14 on Wednesday. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 0.37 and a beta of 1.54. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.33 and a quick ratio of 1.54. The business has a fifty day moving average of $70.75 and a 200 day moving average of $70.67. Commercial Metals has a 1 year low of $49.66 and a 1 year high of $84.87. Commercial Metals dividend announcement. The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, July 6th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Commercial Metals's dividend payout ratio is 15.07%. Insider transactions at Commercial Metals. In other news, CEO Peter R. Matt purchased 8,230 shares of the company's stock in a transaction that occurred on Friday, July 10th. The shares were bought at an average price of $61.30 per share, for a total transaction of $504,499.00. Following the completion of the transaction, the chief executive officer owned 181,522 shares in the company, valued at $11,127,298.60. This represents a 4.75% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.62% of the company's stock. Institutional inflows and outflows. A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Artemis Investment Management LLP acquired a new position in Commercial Metals in the 4th quarter worth about $103,962,000. Norges Bank acquired a new stake in Commercial Metals in the fourth quarter valued at approximately $97,983,000. Bank of America Corp DE grew its holdings in Commercial Metals by 87.4% in the first quarter. Bank of America Corp DE now owns 1,631,213 shares of the basic materials company's stock valued at $100,205,000 after purchasing an additional 760,985 shares during the period. Encompass Capital Advisors LLC purchased a new stake in shares of Commercial Metals in the fourth quarter valued at approximately $41,523,000. Finally, Merewether Investment Management LP purchased a new stake in shares of Commercial Metals in the third quarter valued at approximately $26,847,000. Hedge funds and other institutional investors own 86.90% of the company's stock. Commercial Metals Company profile. Commercial Metals Company NYSE: CMC is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets. In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Commercial Metals, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Commercial Metals wasn't on the list. While Commercial Metals currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Enter your email address and we'll send you MarketBeat's list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Peter R. Matt, President and CEO of Commercial Metals Company, purchased 8,230 shares of common stock at $61.30 per share on 13 July 2026, according to an SEC Form 4 filing. The transaction increased his direct holdings to approximately 182,000 shares valued at $11.37 million. The purchase price was slightly below the stock's closing price of $62.64 on 10 July. Commercial Metals Company has a market capitalisation of $6.9 billion. The company operates an integrated business model encompassing steel production, metal recycling, and fabrication services. It reported trailing twelve-month revenue of $8.9 billion and net income of $595.1 million.
Commercial Metals Company reported third-quarter sales of $2.48 billion and net income of $173.02 million in late June 2026, beating analyst expectations. The company also completed a multi-year $721.11 million share buyback programme and affirmed a $0.20 quarterly dividend. Around the same time, CMC was added to several Russell Growth benchmarks, potentially increasing visibility amongst institutional investors. Despite the positive earnings beat, shares fell 5.6%. The company's investment narrative centres on converting volatile construction and steel cycles into consistent cash generation whilst managing cost inflation and debt. Key risks include demand softness and competitive rebar supply pressuring pricing. Some analysts project revenue of $10.6 billion and earnings near $733 million by 2029.