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Last €13.33 EUR
Change Today -0.274 / -2.01%
Volume 0.0
As of 3:03 AM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

commercial metals co (CMS) Snapshot

Open
€13.33
Previous Close
€13.60
Day High
€13.33
Day Low
€13.33
52 Week High
06/29/15 - €15.26
52 Week Low
01/16/15 - €11.00
Market Cap
1.5B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
115.6M
EX-Date
07/7/15
P/E TM
--
Dividend
€0.48
Dividend Yield
2.94%
Current Stock Chart for COMMERCIAL METALS CO (CMS)

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commercial metals co (CMS) Details

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 manufacturers, and other consumers. The Americas Mills segment operates 5 steel mills producing reinforcing bars, angles, flats, rounds, small beams, fence-post sections, and other shapes; 2 scrap metal shredders and 10 scrap metal processing facilities; and a railroad salvage company. The Americas Fabrication segment operates fence post manufacturing plants, construction-related product facilities, and plants that bend, weld, cut, and fabricate steel; warehouses that sell or rent products for the installation of concrete; facilities that produce steel fence posts; and facilities that heat-treat steel. The International Mill segment engages in mill, recycling, and fabrication operations through the operation of two rolling minimills that produce reinforcing bar (rebar) and merchant products; a specialty rod finishing mill; scrap processing facilities; and four steel fabrication facilities for rebar and mesh products. The International Marketing and Distribution segment processes, sells, and distributes steel products, ferrous and nonferrous metals, and other industrial products to manufacturers in the steel, nonferrous metals, metal fabrication, chemical, refractory, construction, and transportation businesses. The company was founded in 1915 and is headquartered in Irving, Texas.

9,293 Employees
Last Reported Date: 10/30/14
Founded in 1915

commercial metals co (CMS) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $926.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $538.7K
Senior Vice President and President of CMC Am...
Total Annual Compensation: $615.7K
Senior Vice President and President of CMC In...
Total Annual Compensation: $550.0K
Chief Human Resources Officer and Vice Presid...
Total Annual Compensation: $466.8K
Compensation as of Fiscal Year 2014.

commercial metals co (CMS) 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.

 

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Industry Analysis

CMS

Industry Average

Valuation CMS Industry Range
Price/Earnings 9.0x
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow 9.5x
TEV/Sales NM Not Meaningful
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