May 25, 2017 7:11 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 and sells scrap metals 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 manufacturers, and other consumers. The Americas Mills segment manufactures finished long steel products, inclu...

6565 North MacArthur Boulevard

Suite 800

Irving, TX 75039

United States

Founded in 1915

8,388 Employees

Phone:

214-689-4300

Fax:

214-689-5886

Key Executives for Commercial Metals Company

Chairman and Chief Executive Officer
Age: 64
Total Annual Compensation: $1.0M
President and Chief Operating Officer
Age: 57
Total Annual Compensation: $704.5K
Chief Financial Officer and Vice President
Age: 61
Total Annual Compensation: $392.8K
Executive Vice President of CMC Operations
Age: 59
Total Annual Compensation: $622.1K
Vice President, General Counsel and Corporate Secretary
Age: 45
Total Annual Compensation: $410.4K
Compensation as of Fiscal Year 2016.

Commercial Metals Company Key Developments

Commercial Metals Company Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended February 28, 2017; Reports Impairment Charges for the Second Quarter Ended February 28, 2017

Commercial Metals Company announced unaudited consolidated financial results for the second quarter and six months ended February 28, 2017. For the quarter, the company reported net sales of $1,149,621,000 against $1,019,697,000 a year ago. Earnings from continuing operations were $29,639,000 or $0.25 per diluted share, compared with $10,849,000 or $0.09 per diluted share a year ago. Net earnings attributable to the company were $30,332,000 or $0.26 per diluted share against $10,502,000 or $0.09 per diluted share a year ago. Earnings from continuing operations before income taxes was $39,629,000 against $12,913,000 a year ago. Adjusted operating profit from continuing operations were $52,271,000 compared to $29,968,000 for the same period a year ago. Adjusted EBITDA from continuing operations was $82.7,000 for the second quarter of fiscal 2017, compared with adjusted EBITDA from continuing operations of $61.1,000 for the second quarter of fiscal 2016. For the six months, the company reported net sales of $2,224,684,000 against $2,174,556,000 a year ago. Earnings from continuing operations were $36,813,000 or $0.31 per diluted share, compared with $36,482,000 or $0.31 per diluted share a year ago. Net earnings attributable to the company were $36,607,000 or $0.31 per diluted share against $35,565,000 or $0.30 per diluted share a year ago. Earnings from continuing operations before income taxes was $49,456,000 against $50,318,000 a year ago. Net cash flows from operating activities was $11,983,000 against $332,810,000 a year ago. Capital expenditures was $90,808,000 against $62,437,000 a year ago. Adjusted operating profit from continuing operations were $75,623,000 compared to $86,029,000 for the same period a year ago. Adjusted EBITDA from continuing operations was $136.5,000 for the six months ended February 28, 2017, compared with $148.8,000 for the six months ended February 29, 2016. For the quarter, the company reported impairment charges of $91,000.

Commercial Metals Company Announces Quarterly Dividend Payable on April 20, 2017

On March 22, 2017, the board of directors of Commercial Metals Company declared a regular quarterly cash dividend of $0.12 per share of CMC common stock. The dividend is payable to stockholders of record as of the close of business on April 5, 2017. The dividend will be paid on April 20, 2017. This cash dividend reflects CMC's 210th consecutive quarterly dividend.

Commercial Metals Company to Report Q2, 2017 Results on Mar 23, 2017

Commercial Metals Company announced that they will report Q2, 2017 results at 11:00 AM, US Eastern Standard Time on Mar 23, 2017

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