Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $15.41 USD
Change Today -0.13 / -0.84%
Volume 936.7K
CMC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

commercial metals co (CMC) Key Developments

CMC Reportedly Interested In ArcelorMittal Mills

ArcelorMittal (ENXTAM:MT) (ArcelorMittal SA) may sell some assets. The company could sell some US long product mills in order to narrow down its North American portfolio for such products, market sources told Metal Bulletin sister publication AMM. According to sources close to the matter, ArcelorMittal's Vinton mill in Texas and ArcelorMittal LaPlace in Louisiana might be up for sale and a potential deal for at least one of them may take place soon. Commercial Metals Company (NYSE:CMC) (CMC) is reported to be interested in purchasing assets. The news report mentioned that ArcelorMittal spokeswoman said that the company “does not comment on rumors or market speculation while CMC did not respond to a request for comment.

Commercial Metals Company Announces Dividend for the Third Quarter ended May 31, 2015, Payable on July 23, 2015

Commercial Metals Company announced the dividend for the third quarter ended May 31, 2015 of $0.12 per share for shareholders of record on July 9, 2015. The dividend will be paid on July 23, 2015.

Commercial Metals Company Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 31, 2015; Reports Impairment Charges for the Third Quarter Ended May 31, 2015; Provides Capital Spending Guidance for the Fiscal 2015

Commercial Metals Company reported unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2015. For the quarter, the company reported net earnings attributable to the company of $56.7 million or $0.49 per diluted share on net sales of $1.5 billion. This compares to net earnings attributable to the company of $23.6 million or $0.20 per diluted share on net sales of $1.7 billion for the third quarter ended May 31, 2014. Earnings from continuing operations were $67.1 million or $0.58 per diluted share compared with earnings from continuing operations of $24.5 million or $0.21 per diluted share for the third quarter of fiscal 2014. Earnings from continuing operations before income taxes were $105,092,000 against $38,168,000 a year ago. Adjusted operating profit from continuing operations was $125,978,000 against $58,135,000 a year ago. Adjusted operating profit was $115,374,000 against $57,243,000 a year ago. Adjusted EBITDA from continuing operations was $158,490,000 against $90,410,000 a year ago. Adjusted EBITDA was $150,908,000 against $89,971,000 a year ago. The increase in adjusted operating profit was partially due to an increase in the average composite selling price coupled with a 3% decrease in average composite material cost, which resulted in a 24% increase in average metal margin compared to the corresponding period in the prior fiscal year. Capital expenditures were $26.5 million compared to $31.5 million in the prior year's third quarter. The company experienced a significant improvement in cash flows from operating activities of $198.1 million resulting from an expected release of working capital due to improved inventory turnover. For the nine months the company reported net earnings attributable to the company of $147.4 million or $1.25 per diluted share on net sales of $4.6 billion, compared with net earnings attributable to the company of $80.6 million or $0.68 per diluted share on net sales of $5.0 billion for the nine months ended May 31, 2014. Adjusted operating profit was $292.3 million, compared with $182.4 million for the nine months ended May 31, 2014. Adjusted EBITDA was $393.5 million compared with $282.2 million for the nine months ended May 31, 2014. Earnings from continuing operations before income taxes were $251,433,000 against $104,080,000 a year ago. Earnings from continuing operations were $167.2 million or $1.42 per diluted share compared with earnings from continuing operations of $71.4 million or $0.60 per diluted share for the third quarter of fiscal 2014. Adjusted operating profit from continuing operations was $311,491,000 against $163,908,000 a year ago. Adjusted EBITDA from continuing operations was $410,002,000 against $262,002,000 a year ago. Net cash flows from operating activities were $58,789,000 against $94,305,000 a year ago. Capital expenditures were $75,976,000 against $67,718,000 a year ago. The company reported impairment charges of $39,000 for the third quarter ended May 31, 2015. The company estimated that the capital spending for fiscal 2015 will be in the range of $110 million to $130 million.

Commercial Metals Company to Report Q3, 2015 Results on Jun 25, 2015

Commercial Metals Company announced that they will report Q3, 2015 results at 11:00 AM, US Eastern Standard Time on Jun 25, 2015

Commercial Metals Company, Q3 2015 Earnings Call, Jun 25, 2015

Commercial Metals Company, Q3 2015 Earnings Call, Jun 25, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CMC:US $15.41 USD -0.13

CMC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Allegheny Technologies Inc $21.32 USD -0.51
Carpenter Technology Corp $37.54 USD -0.61
Mueller Industries Inc $32.37 USD +0.01
Sims Metal Management Ltd A$9.46 AUD -0.09
Worthington Industries Inc $27.06 USD -0.77
View Industry Companies
 

Industry Analysis

CMC

Industry Average

Valuation CMC Industry Range
Price/Earnings 9.2x
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow 9.8x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact COMMERCIAL METALS CO, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.