Metals and Mining
Company Overview of Commercial Metals Company
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products through 29 scrap metal processing facilities to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacture...
6565 North MacArthur Boulevard
Irving, TX 75039
Founded in 1915
Key Executives for Commercial Metals Company
Chairman, Chief Executive Officer and President
Total Annual Compensation: $926.5K
Chief Financial Officer and Senior Vice President
Total Annual Compensation: $538.7K
Senior Vice President and President of CMC Americas Division
Total Annual Compensation: $615.7K
Senior Vice President and President of CMC International Division
Total Annual Compensation: $550.0K
Chief Human Resources Officer and Vice President
Total Annual Compensation: $466.8K
Compensation as of Fiscal Year 2014.
Commercial Metals Company Key Developments
Commercial Metals Company Provides Earnings Guidance for the Fiscal Year 2015
Jan 6 15
Commercial Metals Company provided earnings guidance for the fiscal year 2015. For the year, the company estimates that capital spending will be in the range of $140 million to $180 million.
Commercial Metals Company Announces Unaudited Consolidated Financial Results for the First Quarter Ended November 30, 2014
Jan 6 15
Commercial Metals Company announced unaudited consolidated financial results for the first quarter ended November 30, 2014. For the quarter, the company reported net sales of $1,679.990 million against $1,617.075 million a year ago. Earnings from continuing operations before income taxes were $53.781 million against $48.791 million a year ago. Earnings from continuing operations were $38.334 million against $33.700 million a year ago. Net earnings attributable to the company were $36.253 million or $0.31 per diluted share against $45.919 million or $0.39 per diluted share a year ago. Net cash flows used in operating activities were $79.896 million against net cash flows from operating activities of $73.472 million a year ago. Capital expenditures were $22.450 million against $14.085 million a year ago. Net earnings included after-tax LIFO income from continuing operations was $4.0 million or $0.03 per diluted share against after-tax LIFO expense from continuing operations of $2.8 million or $0.02 per diluted share a year ago. Adjusted operating profit was $71.626 million compared with $90.034 million a year ago. Adjusted EBITDA was $104.721 million compared with $124.340 million a year ago. Adjusted operating profit from continuing operations was $73.289 million against $68.728 million a year ago.
Commercial Metals Company Declares Quarterly Dividend, Payable on February 3, 2015
Jan 6 15
On January 5, 2015, the board of directors of Commercial Metals Company declared a quarterly dividend of $0.12 per share for shareholders of record on January 20, 2015. The dividend will be paid on February 3, 2015.
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October 28, 2014