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July 06, 2015 12:54 PM ET

Metals and Mining

Company Overview of Commercial Metals Company

Company Overview

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

Suite 800

Irving, TX 75039

United States

Founded in 1915

9,293 Employees

Phone:

214-689-4300

Fax:

214-689-5886

Key Executives for Commercial Metals Company

Chairman, Chief Executive Officer and President
Age: 63
Total Annual Compensation: $926.5K
Chief Financial Officer and Senior Vice President
Age: 56
Total Annual Compensation: $538.7K
Senior Vice President and President of CMC Americas Division
Age: 58
Total Annual Compensation: $615.7K
Senior Vice President and President of CMC International Division
Age: 57
Total Annual Compensation: $550.0K
Chief Human Resources Officer and Vice President
Age: 48
Total Annual Compensation: $466.8K
Compensation as of Fiscal Year 2014.

Commercial Metals Company Key Developments

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

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Recent Private Companies Transactions

Type
Date
Target
Buyback
October 28, 2014
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