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Commercial Metals Company  (CMC)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials
 
Price: $53.8000 $-0.13 -0.241%
Day's High: $54.39 Week Perf: 1.84 %
Day's Low: $ 53.76 30 Day Perf: -2.41 %
Volume (M): 856 52 Wk High: $ 58.06
Volume (M$): $ 46,042 52 Wk Avg: $49.50
Open: $54.07 52 Wk Low: $39.85



 Market Capitalization (Millions $) 6,367
 Shares Outstanding (Millions) 118
 Employees 8,388
 Revenues (TTM) (Millions $) 8,659
 Net Income (TTM) (Millions $) 521
 Cash Flow (TTM) (Millions $) 120
 Capital Exp. (TTM) (Millions $) 541

Commercial Metals Company

Commercial Metals Company ("CMC") together with its consolidated subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel mills, commonly referred to as "minimills" or "micro-mills," steel fabrication and processing facilities, construction-related product warehouses, metal recycling facilities and marketing and distribution offices in the United States ("U.S.") and in strategic international markets.

We were incorporated in 1946 in the State of Delaware. Our predecessor company, a metals recycling business, has existed since approximately 1915.

Our Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. This segment operates 26 scrap metal processing facilities with 13 locations in Texas, five locations in Florida, two locations in Missouri and one location each in Georgia, Kansas, Louisiana, North Carolina, Oklahoma and Tennessee.

We purchase ferrous and nonferrous metals, processed and unprocessed, from a variety of sources in a variety of forms for our scrap metal processing facilities. Sources of metal for processing include manufacturing and industrial plants, metal fabrication plants, electric utilities, machine shops, factories, railroads, refineries, shipyards, ordinance depots, demolition businesses, automobile salvage firms, wrecking firms, and small scrap metal collection firms.

Our scrap metal processing facilities typically consist of an office and a warehouse building located on several acres of land that we use for receiving, sorting, processing and storing metals. Our warehouse buildings are equipped with specialized equipment for processing both ferrous and nonferrous metal and one of our facilities has extensive equipment that segregates metallic content from large quantities of insulated wire. Several of our scrap metal processing facilities use a small portion of their site or a nearby location to display and sell metal products that may be reused for their original purpose without further processing.

Our five steel mills, located in Alabama, Arizona, Arkansas, South Carolina and Texas, produce one or more of steel reinforcing bar ("rebar"), angles, flats, rounds, channels, fence post sections and other shapes. We utilize a fleet of trucks that we own or lease as well as private haulers to transport finished products from the mills to our customers and to our steel fabrication facilities. To minimize the cost of our products, to the extent feasibly consistent with market conditions and working capital demands, we prefer to operate all of our mills at or near full capacity. Market conditions such as increases in quantities of competing imported steel, production rates at U.S. competitors, customer inventory levels or a decrease in non-residential construction activity may reduce demand for our products and limit our ability to operate the mills at full capacity. Through our operations and capital improvements, we strive to increase productivity and capacity at the mills and to enhance our product mix. Because the steel mill business is capital intensive, we make substantial capital expenditures on a regular basis to remain competitive with other low cost producers.

Our South Carolina minimill manufactures a full line of bar-sized products, including rebar, angles, channels, flats, rounds, squares, and fence post sections. Our South Carolina minimill sells primarily to customers in the rebar fabrication industry; however, it also sells to service centers, manufacturers of original equipment, and the agricultural industry. Our South Carolina minimill ships products to customers primarily located in the Southeast and mid-Atlantic regions of the U.S., which include the states from Florida through southern New England. In addition to the minimill, we operate a recycling yard, a steel fence post plant, and an alloy briquetting facility located on or near the same site.

Our Americas Fabrication segment consists of our steel fabrication facilities that bend, weld, cut and fabricate steel, primarily rebar; warehouses that sell or rent products for the installation of concrete; facilities that produce steel fence posts; and facilities that heat-treat steel to strengthen and provide flexibility.

Our Poland minimill operates a flexible rolling mill designed to allow efficient and flexible production of a range of medium section merchant bar products. This rolling mill complements the facilitys other rolling mill dedicated primarily to rebar production. Either rolling mill can feed an alternative finishing end designed to produce higher grade wire rod. Our Poland minimill operation has annual rolling capacity of approximately 1.3 million short tons.
Our Poland minimill is a significant manufacturer of rebar, merchant bar and wire rod in Central Europe, selling primarily to fabricators, manufacturers, distributors and construction companies. The majority of sales are to customers within Poland. However, the Poland minimill also exports to the Czech Republic, Germany, Hungary, Slovakia and other countries. Ferrous metal, the principal raw material used by our Poland minimill, electricity, natural gas and other necessary raw materials for the steel manufacturing process are generally readily available, although they can be subject to significant price fluctuations.



   Company Address: 6565 N. MacArthur Blvd. Irving 75039 TX
   Company Phone Number: 689-4300   Stock Exchange / Ticker: NYSE CMC
   CMC is expected to report next financial results on March 22, 2024.


Customers Net Income grew by CMC's Customers Net Profit Margin grew to

36.48 %

10.05 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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• View Complete Report
   



Commercial Metals Company

Commercial Metals Company's EPS Plunge Amidst Sluggish Sales: Q3 Performance Analysis



Commercial Metals Company (CMC) recently released its financial results for the period ending November 30, 2023, revealing a decline in both top-line and bottom-line figures. This article will outline the facts and provide an interpretation of the company's financial performance, taking into consideration the context and recent market trends.
Financial Performance:
1. Revenue: CMC reported a year-on-year decrease of -10.069% in revenue, with the figure dropping from $2.23 billion to $2.00 billion. This decline in revenue indicates a potential slowdown in demand for their products and services.






 

Commercial Metals's Segments
 
 
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