September 25, 2016 5:48 AM 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 through 27 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 manufacturers, and other consumers. The Americas Mills segment operates 5 st...

6565 North MacArthur Boulevard

Suite 800

Irving, TX 75039

United States

Founded in 1915

9,126 Employees

Phone:

214-689-4300

Fax:

214-689-5886

Key Executives for Commercial Metals Company

Chairman, Chief Executive Officer and President
Age: 64
Total Annual Compensation: $986.0K
Chief Operating Officer
Age: 57
Total Annual Compensation: $574.4K
Senior Vice President and President of CMC Americas Division
Age: 59
Total Annual Compensation: $649.6K
Senior Vice President and President of CMC International Division
Age: 58
Total Annual Compensation: $562.9K
Chief Human Resources Officer and Vice President
Age: 49
Total Annual Compensation: $384.7K
Compensation as of Fiscal Year 2015.

Commercial Metals Company Key Developments

Commercial Metals Company Presents at Jefferies 2016 Industrials Conference, Aug-10-2016 09:20 AM

Commercial Metals Company Presents at Jefferies 2016 Industrials Conference, Aug-10-2016 09:20 AM. Venue: Grand Hyatt New York, 109 E. 42nd Street, New York, NY 10017, United States.

Commercial Metals Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 31, 2016; Reports Impairment for the Quarter Ended May 31, 2016; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2016

Commercial Metals Company announced unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2016. For the quarter, the company reported $1,277,390,000 against $1,506,002,000 a year ago. Earnings from continuing operations before income taxes were $45,787,000 against $61,282,000 a year ago. Earnings from continuing operations were $35,111,000 or $0.30 per diluted share against $39,156,000 or $0.34 per diluted share a year ago. Net earnings were $19,328,000 against $28,709,000 a year ago. Net earnings attributable to CMC were $19,328,000 or $0.17 per diluted share against $28,709,000 or $0.25 per diluted share a year ago. Adjusted earnings per share were $0.17. Adjusted operating profit from continuing operations was $60,940,000 against $82,168,000 a year ago. Adjusted operating profit was $45,191,000 against $71,564,000 a year ago. Adjusted EBITDA was $92,626,000 against $107,098,000 a year ago. Adjusted EBITDA from continuing operations was $92,483,000 against $114,680,000 a year ago. During the third quarter of 2016, the company had cash flows from operations of approximately $174.1 million. Capital expenditures were $42 million for the third quarter of fiscal 2016 compared to $26.5 million in the prior year third quarter. For the nine months, the company reported $3,401,946,000 against $4,577,109,000 a year ago. Earnings from continuing operations before income taxes were $96,105,000 against $126,986,000 a year ago. Earnings from continuing operations were $71,593,000 or $0.61 per diluted share against $86,886,000 or $0.74 per diluted share a year ago. Net earnings were $54,893,000 against $67,090,000 a year ago. Net earnings attributable to CMC were $54,893,000 or $0.47 per diluted share against $67,090,000 or $0.57 per diluted share a year ago. Net cash flows from operating activities were $506,868,000 against $58,789,000 a year ago. Capital expenditures were $104,481,000 against $75,976,000 a year ago. Adjusted earnings per share were $0.53. Adjusted operating profit from continuing operations was $146,969,000 against $187,044,000 a year ago. Adjusted operating profit was $130,293,000 against $167,864,000 a year ago. Adjusted EBITDA was $240,397,000 against $269,095,000 a year ago. Adjusted EBITDA from continuing operations was $241,271,000 against $285,555,000 a year ago. For the quarter, the company reported impairment charges of $76,000 against $39,000 a year ago. For fourth quarter, the company expects the results to remain strong, consistent with third quarter. The company expects to begin realizing productivity and cost improvements in the fourth quarter of fiscal 2016 from key capital projects. Balance sheet remains a key strength of the company, and it expects to finish fiscal 2016 well positioned to continue the positive momentum into fiscal 2017. The company estimate that capital spending for fiscal 2016 will be in the range of $185 million to $195 million or an additional $88.5 million to $90.5 million through the end of fiscal 2016, which includes expenditures related to the construction of new Oklahoma micro-mill.

Commercial Metals Company Declares Quarterly Dividend, Payable on July 21, 2016

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 July 7, 2016. The dividend will be paid on July 21, 2016.

Similar Private Companies By Industry

Company Name Region
101 Pipe & Casing, Inc. United States
2Dye4 Inc. United States
3 Dimensional Services, Inc. United States
3D Stone, Inc. United States
4-M Precision Stamping, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
February 26, 2016
DRM Sales & Supply, LLC
Merger/Acquisition
October 28, 2015
Commercial Metals Company, Australian Steel Distribution Business in Six Locations
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Commercial Metals Company, please visit www.cmc.com. 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.